He Built a Brokerage Giant With Sandy Weill and Then Started the NY Observer

The WSJ Dollar Index has fallen by 0.10% to 96.02, marking a decline for three of the past four trading days. This downward trend reflects ongoing pressures on the U.S. dollar amid changing economic conditions.

U.S. natural gas futures have fallen for a third consecutive session, reaching their lowest level in six weeks, reflecting a significant decline in market confidence. This downturn is attributed to shifting weather forecasts that have dampened expectations for colder temperatures, which previously supported prices.

Canada’s inflation rate remained steady at 2.2% in November, as consumers experienced a decrease in service costs but faced the highest grocery price increases since late 2023, alongside a less pronounced decline in fuel prices.

New York State's manufacturing activity unexpectedly contracted this month, following a peak in November, primarily due to a decline in shipments and signs of weakening demand. This downturn raises concerns about the stability of the manufacturing sector in the region.

A recent push for more initial public offerings (IPOs) has led to a surge in scams, particularly among emerging growth companies, which are now viewed with skepticism. This trend has raised alarms about the integrity of the market and the potential for investor losses as these companies exploit the favorable conditions intended for legitimate growth.

Japanese companies are signaling a willingness to raise wages in the upcoming year, despite concerns over potential profit impacts from tariffs. This trend is highlighted in a recent report from the Bank of Japan (BOJ), which indicates a positive outlook for wage growth in the country.

iRobot, the maker of Roomba vacuums, has filed for bankruptcy, transferring control to its largest creditor, a Chinese supplier, while assuring customers that service and app functionality will remain intact during the restructuring process.

iRobot, the manufacturer of Roomba vacuums, has declared bankruptcy, transferring control to its largest creditor, a Chinese supplier. The company assures customers that its customer service and app functionality will remain operational during the restructuring process.