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business

Diaper Spa’s Fines Keep Growing

October 31, 2024

The woman running the Diaper Spa in New Hampshire is in deep trouble. She's been fined a whopping $17, 500 for advertising her spa as a mental health service without the right licenses. Dr. Colleen Ann Murphy isn't licensed to practice medicine in New Hampshire, where her spa was based. She's only l

business

Upstate NY Gets Big Money for Semiconductor Research

October 31, 2024

In a big boost for the tech industry, a research center in upstate New York has been chosen to lead the way in cutting-edge semiconductor technology. The Albany NanoTech complex is set to receive a whopping $825 million in funding. This money comes from the federal government, aiming to keep the Uni

business

Businesses Brace for Impact: UK Budget Raises Taxes, Spurs Inflation

October 31, 2024

British businesses are feeling the pinch after the UK's Finance Minister, Rachel Reeves, announced a tax-hiking budget. The biggest change is an increase in National Insurance (NI) payroll tax for employers. This will rise from 13. 8% to 15% from April 2025 and will start at a lower income threshold

business

TSMC's 40% Discount Disappears After Intel CEO's Comments

October 31, 2024

Intel's CEO, Patrick Gelsinger, ruffled some feathers with his comments about TSMC's Taiwan base, leading to a lost deal. TSMC, a major chip maker, had offered Intel a huge 40% discount on their latest 3 nanometer chip tech. But after Gelsinger's remarks, TSMC pulled the offer, leaving Intel to pay

business

Air Canada Boosts China Flights: What It Means

October 31, 2024

Air Canada is amping up its flight frequency to China, with new daily flights to Beijing and Shanghai. The airline is making a comeback with daily trips from Vancouver to Beijing, starting January 15. Plus, Shanghai will see daily flights from Vancouver starting December 7. This is a big deal since

business

Markets Watch BOJ Decision and China PMI

October 31, 2024

Investors in the Asia-Pacific region are keeping a close eye on a couple of big events today. First up is the Bank of Japan's (BOJ) rate decision. Experts think the BOJ will keep rates steady at 0. 25%, but everyone will be scrutinizing the statement for any hints about the next rate hike. Meanwhile

business

China’s Factories Power Up: A Surprise Turnaround

October 31, 2024

In a surprising turnaround, China’s factory activity expanded for the first time in six months – jumping to 50. 1 in October. This is a promising sign after months of contraction, with September clocking in at 49. 8. Economists had expected a slight improvement, predicting 49. 9. But the actual resu

business

China Tells Car Makers to Pause EU Investments Over EV Tariffs

October 31, 2024

Chinese automakers are being advised to press the brakes on major investments in European countries that have backed new tariffs on Chinese electric vehicles (EVs). This decision comes as a response to the European Union's (EU) recent imposition of tariffs, which can reach up to 45. 3%, following a

business

Microsoft's Mixed Q1: Strong Earnings, Lower Stock

October 31, 2024

Microsoft recently shared its fiscal first quarter earnings, and while they beat expectations, the future looks a bit cloudy. The tech giant made $3. 30 per share and raked in $65. 59 billion in revenue, both higher than predicted. That's a 16% yearly increase in revenue. But the stock dipped 4% aft

business

Stock Shifts: A Closer Look at Key Players and Their Surprises

October 31, 2024

Let's take a peek at some big names in the stock market that made waves after regular trading hours. Microsoft took a dip of nearly 4%, disappointing investors with revenue expectations for the next quarter. Analysts had hoped for a bit more, around $69. 83 billion, but Microsoft was thinking more a