Daily News Explorer
El Salvador gets IMF $1.4bn deal after scaling back bitcoin bet
Dec 18, 2024, 10:55 PM
In 2021, El Salvador became the first country in the world to make bitcoin acceptance mandatory.
The mega trade deal that has French farmers in uproar
Dec 18, 2024, 7:07 PM
The EU wants a trade deal with four South American nations, but France is strongly opposed.
Bank of England expected to hold interest rates
Dec 18, 2024, 7:06 PM
Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.
Chinese self-driving trucking company pivots to generative AI for video games
Dec 18, 2024, 7:00 PM
Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
Harland & Wolff: Spanish shipbuilder Navantia expected to announce deal
Dec 18, 2024, 7:00 PM
Spain's state-owned shipbuilder is expected to confirm on Thursday that it is buying Harland and Wolff.
Dow futures are little changed after index drops 1,100 points in 10th straight loss: Live updates
Dec 18, 2024, 6:13 PM
Wall Street was previously betting on the Fed keeping an aggressive rate-cutting stance through 2025, hoping to extend the bull market.
The New Politics
Dec 18, 2024, 5:52 PM
At the DealBook Summit, nine prominent political figures, advisers and journalists debated what drove Trump’s victory and what it means for politics going forward. Here’s what they said.
Southampton water outage to last until the weekend, firm says
Dec 18, 2024, 7:04 AM
Some 58,000 properties have been affected by an outage after a fault at a water supply works.
Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year
Dec 18, 2024, 4:06 PM
The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025.
What a Honda-Nissan merger could mean for the auto industry and consumers
Dec 18, 2024, 3:37 PM
Honda and Nissan are reportedly in discussions about a potential merger between the Japanese automakers, and the rumors do not come as a surprise to industry experts.
Stock market today: Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025
Dec 18, 2024, 4:03 PM
Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978
Fed 'dot plot' shows central bank will cut interest rates two more times in 2025
Dec 18, 2024, 2:27 PM
The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.
Driving tests: Hundreds of examiners to be recruited to cut 'sky-high' wait times
Dec 18, 2024, 3:37 PM
The government says there is a "huge" backlog for tests, with instructors branding the system a "nightmare".
Retail theft surges 93% since before COVID-19 pandemic: 'Retailers have not been crying wolf'
Dec 18, 2024, 3:11 PM
The National Retail Federation, the nation's largest retail trade group, is sounding the alarm over retail theft, which the group argues is continuing to grow in scope and severity.
California Declares an Emergency Over Bird Flu
Dec 18, 2024, 3:27 PM
Officials have discovered the virus in 645 herds of dairy cattle, more than in any other state so far.
Stock market today: Dow, S&P, Nasdaq slide as Fed cuts rates, signals 2 more reductions in 2025
Dec 18, 2024, 2:29 PM
Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978
The Fed sees only two rate cuts in 2025, fewer than previously projected
Dec 18, 2024, 2:24 PM
The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
Fed cuts by a quarter point, indicates fewer reductions ahead
Dec 18, 2024, 2:00 PM
The Federal Reserve on Wednesday announced its decision on interest rates.
Here's what changed in the new Fed statement
Dec 18, 2024, 2:07 PM
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.
Federal Reserve cuts interest rates by quarter-point in December
Dec 18, 2024, 2:01 PM
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
US cuts interest rates despite inflation risk
Dec 18, 2024, 2:01 PM
The Federal Reserve has been cutting rates since September, even as inflation progress stalls.
Social Security's full retirement age is increasing in 2025: What to know
Dec 18, 2024, 1:36 PM
The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.
Fed cuts rates by quarter point, scales back cuts for 2025
Dec 18, 2024, 2:01 PM
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams
Dec 18, 2024, 12:59 PM
Credit card companies may be illegally devaluing rewards points or airline miles that customers have accrued, the Consumer Financial Protection Bureau warned.
Supreme Court to hear TikTok's last gasp bid to avoid US ban
Dec 18, 2024, 11:50 AM
The US wants the app to be sold or banned because of what it says are links to the Chinese state.
Global Central Banks Gird Themselves for Another Trump Term
Dec 18, 2024, 12:15 PM
Central bankers are alert to the risk that global trade tensions will make managing inflation more challenging.
Live Updates: Fed Is Poised for Another Rate Cut
Dec 18, 2024, 12:01 PM
Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.
Kevin O'Leary explains why CEOs 'want to suck up to Trump in a very big way'
Dec 18, 2024, 11:14 AM
Whether it's meeting about taxes or deregulation, Kevin O'Leary believes America's top CEOs want to "suck up" to Trump for one overarching reason: power.
Elon Musk, RFK Jr., Dr. Oz, and the coming clash over Ozempic
Dec 18, 2024, 10:49 AM
Biden officials recently proposed allowing Medicare to start covering GLP-1 medications to treat obesity. It's unclear whether Trump's administration will see it through.
Wall Street is betting the Fed will deliver a final 2024 rate cut and get more cautious about 2025
Dec 18, 2024, 7:57 AM
Investors widely expect the Federal Reserve to cut interest rates Wednesday by a quarter percentage point, but their bigger question is whether the central bank is ready to scale back its expected cuts for 2025.
Stock market today: Dow looks to snap longest losing streak since 1978 with Fed decision on deck
Dec 18, 2024, 10:41 AM
Stocks eyed a rebound Wednesday, with the blue-chip Dow looking to snap its longest losing streak since 1978
American Kitchens Face an Uncertain Mix: Olive Oil and Tariffs
Dec 18, 2024, 9:55 AM
Trump hasn’t said whether he’ll move against imported foods, but the effects on oil producers and consumers are already being debated.
How Macy’s can turn around its business as department store struggles
Dec 18, 2024, 8:39 AM
Macy's needs to change its thinking in order to drive younger customers back to its brick-and-mortar stores, according to activist investor Barrington Capital.
Is Elon Musk a National Security Risk?
Dec 18, 2024, 8:03 AM
Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect states secrets.
UK inflation rise - what does it mean for me?
Dec 18, 2024, 7:59 AM
Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?
How you can give the gift of stocks this Christmas to get loved ones started on their investment journey
Dec 10, 2023, 7:28 AM
If you're looking for a unique gift to give this Christmas, consider stocks. The gift of stocks can get a loved one started on their investment journey, and has the potential to grow through time.
Big Tech is dominating the market once again — and that's probably just fine: Morning Brief
Dec 18, 2024, 6:00 AM
December is shaping up to be a tale of two markets.
Stocks Rebound in Countdown to Fed Rates Decision: Markets Wrap
Dec 18, 2024, 8:18 AM
(Bloomberg) -- Global stocks rebounded on Wednesday as investors awaited the Federal Reserve’s final policy decision of the year.Most Read from BloombergHow California Sees the World, and ItselfFutures contracts for the S&P 500 and Nasdaq 100 advanced 0.3% after both gauges retreated on Tuesday. The Stoxx 600 was set for its first day of gains in five sessions. Asian equities kept steady, snapping a three-day losing streak.Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere
Nvidia's Blackwell chip could push the company into a new stratosphere as the AI revolution continues
Dec 18, 2024, 6:00 AM
Nvidia's Blackwell chip has taken the world by storm. For that reason, Yahoo Finance has selected Blackwell as its 2024 Product of the Year.
What to Watch as the Fed Makes Its Final 2024 Rate Decision
Dec 18, 2024, 5:04 AM
Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.
The Economy Is Finally Stable. Will That Change With Trump?
Dec 18, 2024, 5:04 AM
President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.
Inside Disney’s Decision to Settle the Trump Suit Against ABC News
Dec 18, 2024, 5:04 AM
Talks started and finished on the same day, after Disney decided that fighting the lawsuit could potentially hurt the company and protections for the press.
A movement by some Democratic voters to investigate the results of the 2024 presidential election mirrors a push by Republicans in 2020. But it’s struggling.
A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family
Dec 18, 2024, 12:00 AM
A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.
Databricks to Hit $62 Billion Valuation in New Funding Round
Dec 17, 2024, 6:26 PM
(Bloomberg) -- Databricks Inc. is raising $10 billion in new funding, a massive cash injection that will bring the software maker’s valuation to $62 billion.Most Read from BloombergHow California Sees the World, and ItselfThe startup, which is among the world’s most highly valued closely held companies, “intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations,” according to a statement released Tuesday. The capi
UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
Dec 18, 2024, 3:02 AM
Investors are watching whether UniCredit will proceed with a takeover venture of Germany's Commerzbank or Italian peer Banco BPM.
Chancellor defends Waspi pensions decision after backlash
Dec 18, 2024, 2:57 AM
Campaigners say they will keep fighting on pensions after government rejects compensation.
UK inflation rate rises for second month in a row
Dec 18, 2024, 2:00 AM
Economists say the faster pace of price rises all but rules out an interest rate cut next week.
JLR whistleblower sacked for publishing concerns about VinFast cars
Dec 18, 2024, 1:00 AM
Mechanical engineer Hazar Denli lost his job after publishing online concerns about an electric car.
Amazon faces strike threat in US ahead of Christmas
Dec 18, 2024, 12:58 AM
The walkout could affect several facilities across the US during the busy holiday season.