Earnings Outlook: Megabank Profits On Tap After Eventful Q2 Of Bank Failures And Climbing Interest Rates

A large-scale cyberattack affecting companies including AT&T and Verizon has consumers worried their messages could be exposed to foreign hackers. Here’s what you need to know. If you’ve ever wondered what it’s like to be sucked into the plot of a Tom Clancy novel, millions of Americans are getting a taste of it this week.

Nippon Steel’s transaction has faced stiff resistance from politicians, including Biden and Trump, and the United Steelworkers, a major labor group. Japan’s Nippon Steel is committed to its $15 billion acquisition of U. S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U. S.

The fediverse is a confusing, complicated endeavor that will require a change in how users view social media. Threads is going deeper into the fediverse, the interconnected social platform ecosystem based on an open protocol called ActivityPub that includes apps such as Mastodon and BookWyrm.

Eugene Gologursky/Getty Images for The New York TimesUS stocks surged on Wednesday, with the major averages S&P rising to all-time highs. Powell's remarks at the NYT's DealBook Summit bolstered confidence in the US economy. Investors upped their bets for another 25bp rate cut in December, per the CME FedWatch tool.

President-elect Donald TrumpJohnnie Izquierdo/Getty ImagesCrypto trading volume topped $10 trillion for the first time in November. The surge in volume came after Trump's election win stoked a fresh rally in the market. Trump pushed his pro-crypto agenda forward on Wednesday with his pick to run the SEC. Crypto trading volume blew past a key milestone last month, according to a report from CCData.

"Call Her Daddy" host Alex Cooper announced she's launching an electrolyte beverage. Lyvans Boolaky/Getty ImagesAlex Cooper announced a new product: an electrolyte drink called Unwell Hydration. The "Call Her Daddy" star said the drink is low in sugar and contains B vitamins. Cooper's move follows a trend of celebrities launching beverage brands.