Daily News Explorer
F.T.C. Launches Antitrust Investigation Into Microsoft
Nov 27, 2024, 6:19 PM
Regulators are demanding information from the company on its cloud computing, artificial intelligence and cybersecurity products.
Feds seize more than $18M in phony Gibson guitars: ‘Emotional and personal’
Nov 27, 2024, 8:05 PM
U.S. Customs and Border Protection officials have seized more than 3,000 fake Gibson guitars. Had they been real, the estimated value would have been more than $18 million.
How vital is a company's CEO?
Nov 27, 2024, 7:08 PM
Boeing, Nike and Starbucks have changed their bosses, but how much difference can one person make?
Do 'much, much more' on age verification, social media apps told
Nov 27, 2024, 7:05 PM
The regulator finds a fifth of children are pretending to be adults, potentially exposing them to harm.
Black Friday: Five ways to avoid being ripped off
Nov 27, 2024, 7:03 PM
Experts tell us how to work out if a deal is a genuine bargain or could leave you out of pocket.
Constellation Research's Ray Wang analyzes tech industry futures and market strength ahead of Wednesday's opening bell.
Royal Mail: Czech billionaire set to clinch takeover deal
Nov 27, 2024, 7:02 PM
Daniel Kretinsky is understood to have offered a series of concessions to the UK government.
Uniqlo boss says firm does not use cotton from China's Xinjiang
Nov 27, 2024, 6:47 PM
It is the first time the CEO of the chain's owner, Fast Retailing, has directly addressed the issue.
U.S. Border Agents Seize 3,000 Fake Gibson Guitars
Nov 27, 2024, 6:27 PM
They would have been worth nearly $18 million if they were genuine, making it the largest counterfeit instrument seizure in history, officials said.
Federal court dismisses defamation lawsuit against Fox News for Jan. 6 conspiracy theory
Nov 27, 2024, 3:43 PM
A federal judge on Wednesday threw out a defamation lawsuit against Fox News by a former Donald Trump supporter who said he received death threats when the network aired false conspiracy theories about his involvement in the Jan. 6, 2021, Capitol insurrection. Raymond Epps, a former Marine, was falsely accused by Fox of being a government agent causing trouble near the Capitol that day so that it would be blamed on Trump fans. U.S. District Judge Jennifer L. Hall in Delaware granted, without comment, Fox's motion to dismiss the case.
Elon Musk calls for 'deleting' the Consumer Financial Protection Bureau
Nov 27, 2024, 4:34 PM
President-elect Trump's adviser on government efficiency, Elon Musk, called for eliminating the Consumer Financial Protection Bureau.
Two historic London food markets, hundreds of years old, to permanently close
Nov 27, 2024, 3:48 PM
The Smithfield and Billingsgate markets have a long history in the city of London, and date back nearly 900 years. They will permanently close in the coming years.
Why are ESG-oriented ETFs going away?
Nov 27, 2024, 8:37 AM
Financial firms have pulled back on offering ESG investment funds amid a regulatory crackdown and investors looking for other ETFs that can provide better returns.
Stock market today: S&P 500, Nasdaq slide after key Fed inflation gauge shows faltering progress
Nov 27, 2024, 4:12 PM
Investors are looking to a reading on the Fed's preferred inflation gauge to provide clues to rate cuts.
What Is Black Friday?
Nov 27, 2024, 4:00 PM
Black Friday remains one of the busiest shopping days of the year, but its impact has been diluted by monthlong holiday sales and the convenience of buying online.
How Trump's tariffs might warp two crucial readings on the health of the US economy
Nov 27, 2024, 1:49 PM
In carrying out campaign promises on trade and the border, Trump risks worsening the inflation dilemma that catapulted him to power.
Trump picks Kevin Hassett to lead economic advisers: What to know
Nov 27, 2024, 3:35 PM
President-elect Trump named economist Kevin Hassett as his choice to serve as the director of the National Economic Council, which helps develop the White House's economic policies.
Musk Calls for Abolishing Consumer Agency GOP Has Long Targeted
Nov 27, 2024, 3:03 PM
(Bloomberg) -- Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to a regulatory agency that has long been a target of Republicans and business advocacy groups.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Des
Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation
Nov 27, 2024, 12:46 PM
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs. "If there are U.S. tariffs, Mexico would also raise tariffs," Sheinbaum said during her regular morning press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner.
Musk is promising massive cuts in red tape. But Trump's agenda could add regulations elsewhere.
Nov 27, 2024, 1:09 PM
Elon Musk and Vivek Ramaswamy are promising to go to war with government red tape. But they will face formidable foes — and perhaps not just from the "unelected bureaucrats" they often pillory.
Trump's proposed tariffs on Mexico, Canada, China will increase inflation, Goldman Sachs warns
Nov 27, 2024, 1:32 PM
President-elect Trump's plan to increase tariffs on goods from China and impose them on products from Mexico and Canada would drive inflation up by nearly 1%, Goldman Sachs estimates.
Why exchange-traded funds are a 'growth engine' of active management
Nov 27, 2024, 1:07 PM
Actively managed exchange-traded funds have captured investor money in recent years while active mutual funds have shed net assets.
Mortgage demand jumps as rates drop
Nov 27, 2024, 12:11 PM
A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.
Trump admin eyes CFTC to lead digital asset regulation
Nov 26, 2024, 3:57 PM
The incoming Trump administration wants to expand the power of the CFTC by granting it oversight of a significant portion of the $3 trillion digital asset market.
'It's going to be hard': US firms race to get ahead of Trump tariffs
Nov 27, 2024, 5:18 AM
The US president-elect's import taxes may be just talk until he takes office - but they are having an impact anyway.
Key Fed inflation gauge shows PCE 'going sideways'
Nov 27, 2024, 10:49 AM
October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision.
Stock market today: Dow rises, Nasdaq slips after key Fed inflation gauge shows faltering progress
Nov 27, 2024, 11:30 AM
Investors are looking to a reading on the Fed's preferred inflation gauge to provide clues to rate cuts.
FAA opens up military airspace for civilian travel for 'busiest Thanksgiving travel period on record'
Nov 27, 2024, 11:03 AM
The Federal Aviation Administration is using military airspace specially opened for civilian use to ensure smooth travel during the holiday, officials said.
Dow hits all-time high, on pace for 47th record close
Nov 27, 2024, 11:05 AM
Stock investors have a lot to be thankful for this year as the Dow Jones Industrial Average notches another new record as the post-election celebration continues.
Congress Is Poised to Delay Again on Farm Bill, Leaving Families in Limbo
Nov 27, 2024, 10:45 AM
The agriculture and nutrition measure was last updated in 2018 and originally expired two years ago. Farmers fear the Trump administration’s priorities will eclipse theirs next year.
Fed's favored inflation gauge showed price growth picked up in October
Nov 27, 2024, 10:03 AM
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
Key Fed gauge shows inflation is 'going sideways'
Nov 27, 2024, 10:18 AM
October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision.
Key inflation gauge shows price increases stayed flat from prior month
Nov 27, 2024, 10:02 AM
October's Personal Consumption Expenditures report is the latest data the Fed will consider in its next interest rate decision.
The Fed’s Favorite Inflation Measure Sped Up in October
Nov 27, 2024, 10:04 AM
Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.
Stock market today: S&P 500, Dow waver near records ahead of key inflation data
Nov 27, 2024, 10:07 AM
Investors are looking to a reading on the Fed's preferred inflation gauge to provide clues to rate cuts.
Strategas chairman and CEO Jason Trennert joins 'The Big Money Show' to discuss Trump's plans for new tariffs on China, Mexico, and Canada.
When do major retailers open on Black Friday?
Nov 27, 2024, 8:15 AM
With the busy holiday shopping season due to begin, here is a list of when some major retailers offering deals will open on Black Friday.
Talking bitcoin at Thanksgiving is different this time
Nov 27, 2024, 6:00 AM
The annual tradition of talking crypto at the Thanksgiving table has a new wrinkle for 2024.
Stock market today: S&P 500, Dow futures pause near records ahead of key inflation data
Nov 27, 2024, 8:42 AM
Investors are looking to a reading on the Fed's preferred inflation gauge to provide clues to rate cuts.
Majority of Americans lack economic security, study finds
Nov 27, 2024, 7:00 AM
A study measuring the true cost of living found that more than half of American households do not have the resources to pay their bills and have enough money left over for savings.
Why Do We Love the Macy’s Thanksgiving Day Parade So Much?
Nov 27, 2024, 5:02 AM
The nostalgia-fueled production has been the most-watched entertainment program in the United States for the past three years, ahead of the Oscars and the World Series.
BYD and Rivals in China Tell Suppliers to Cut Costs Amid Price War
Nov 27, 2024, 5:22 AM
China’s electric vehicle market is the world’s largest — and also its most cutthroat, with dozens of brands jostling for position.
Leaked BYD letter signals China EV price war is set to intensify
Nov 27, 2024, 12:21 AM
(Bloomberg) -- BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Histori
DEI rollback reaches Walmart as backlash mounts
Nov 26, 2024, 12:07 PM
Walmart is scaling back some of its diversity initiatives, becoming one of the most prominent companies yet to make such an about-face as activist pressure builds.
Apple misses out on big 2024 smartphone market rebound, IDC says
Nov 27, 2024, 12:59 AM
(Bloomberg) -- Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple Inc. barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are gaining ground in China and emerging markets.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Und
Volkswagen Says It Is Exiting China’s Xinjiang Region After 12 Years
Nov 27, 2024, 3:21 AM
VW and its joint venture partner, SAIC Motor, are transferring an assembly plant and test tracks after years of criticism from human rights activists.
Loyalty cards offer genuine savings, says watchdog
Nov 27, 2024, 3:11 AM
Supermarket customers can save money with loyalty cards but should still shop around.