Long before Securities and Exchange Commission chair Gary Gensler announced his decision Thursday to step down, the cryptocurrency industry's had its eyes on the next SEC chair.
Passenger-car market share hit an all-time low of 19% through the first 10 months of 2024, according to data released today by car research site Edmunds.
The big picture: America's SUV obsession is showing no signs of slowing down.
Zoom in: The good news for shoppers is that the average price of a new SUV has flattened out.
Buyers paid $46,211 on average for a new SUV through October, according to Edmunds.
That's about flat from 2022's $46,030, though it's still up nearly $10,000 over the last eight years.
A federal court in Texas vacated a Securities and Exchange Commission rule that redefined a "dealer," in a win for the crypto industry.
Why it matters: It's the latest example of the courts bucking the longstanding precedent of deferring to administrative agencies, following the Supreme Court's decision in the Chevron case.
Sexual misconduct allegations have tanked one of President-elect Trump's most high-profile Cabinet picks, Matt Gaetz, but other choices to staff his administration have also been accused of participating or overlooking sexual misconduct.
Why it matters: While the first Trump administration's staff also included members who faced sexual misconduct allegations, Trump's picks the second time around are set to fill much more prominent and influential roles.
The expected "burstof legislating and power-stretching," from the new administration and Congress could put corporate America's penchant for silence to the test.
Why it matters: There's a recalibration happening as executives navigate how and when to address socio-political issues in the era of Trump 2.0.
Ashok Sinha serves as chief communications officer of Dow Jones, the parent company of business publications like The Wall Street Journal, Barron's and MarketWatch and services like Factiva and Dow Jones Risk & Compliance.
Why it matters: While most are familiar with the Dow Jones brands, few know the corporate story — which Sinha is hoping to change.
You might be eager to defy gravity, but please don't sing about it during the new "Wicked" movie releasing this week.
Why it matters: Some movie theaters and loyal fans are warning against belting out the lyrics and singing with Ariana Grande as Glinda and Cynthia Erivo as Elphaba — at least until a sing-along version is released later this year.
Tokamak Energy, a British fusion energy developer, raised $125 million jn new funding.
Why it matters: The AI revolution needs more power, and one of its second-order impacts is driving venture investment into nuclear fusion, which remains the holy grail for energy.
The Magnificent Seven's stock market dominance may be waning, Goldman Sachs suggests in an otherwise optimistic 2025 forecast.
Why it matters: The seven tech stocks — Amazon, Apple, Google, Meta, Microsoft, Nvidia and Tesla — have played a huge role in the S&P 500's fabulous run over the past two years.
Here's what's new on Netflix, Peacock, Hulu, Disney+, Max, Apple TV+, Paramount+ and Prime Video.
What we're watching: Another star-studded August Wilson adaptation, a new season of "Based on a True Story," and a docuseries about the tragic 2004 Indian Ocean tsunami.
The Department of Justice is pushing for Google to sell its Chrome web browser after a landmark ruling found the tech giant had illegally abused its search monopoly.
Why it matters: The proposal for a partial breakup of Google and an overhaul of the running of its Android mobile operating system, among other changes, would mark the biggest antitrust action in the U.S. in decades if it's approved.
A Florida man was arrested over an alleged plot to bomb the New York Stock Exchange this week, per FBI court documents filed Wednesday.
The big picture: Harun Abdul-Malik Yener, of Coral Springs, Fla., was charged with "attempting to use an improvised explosive device to damage or destroy a building used in interstate or foreign commerce," per the filing in the U.S. District Court of Southern Florida.
"Comedian," Italian artist Maurizio Cattelan's piece that features a single banana duct-taped to a wall, sold at auction Wednesday night for $6.24 million, auction house Sotheby's said.
Why it matters: The controversial work first sold in 2019 for $120,000, and Sotheby's had estimated Wednesday's sale at $1 million to $1.5 million.
Gautam Adani, the billionaire chair of India's conglomerate Adani Group, was indicted in New York on charges related to allegations of "an elaborate scheme to bribe Indian government officials," prosecutors said Wednesday.
The big picture: Adani, one of the world's richest people, and two other executives of a renewable energy firm are accused of conspiring to commit securities and wire fraud.
