Daily News Explorer
Google Proposes Fix to Solve Search Monopoly
Dec 20, 2024, 10:28 PM
The search giant’s proposals included allowing flexibility for companies and consumers in choosing a search engine.
Nationwide Amazon strike expands to Staten Island warehouse workers: 'Will not be stopped'
Dec 20, 2024, 10:11 PM
Workers at an Amazon warehouse on Staten Island in New York will join thousands of others as the strike against the retail giant continues.
Capitalist Pig hedge fund manager Jonathan Hoenig explains why 'buying the dip' is not always a good investmen
Sega considering Netflix-like game subscription service
Dec 20, 2024, 5:35 PM
It's another sign the industry is moving away from owning games - some fear that means gamers having to "shell out more."
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Dec 20, 2024, 2:09 PM
The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. The Federal Reserve now sees inflation as staying stubbornly elevated as it has become cautious about further interest rate cuts planned for next year. On Wednesday, Trump blew up a bipartisan budget deal, which means the government could shut down after midnight Saturday.
Powell’s Battle-Ready Fed Gives the Trump Trade a Stress Test
Dec 20, 2024, 4:32 PM
(Bloomberg) -- A month ago, all anyone in markets could talk about was Donald Trump and how his blueprint for the US economy would sow growth, next year and beyond.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalHeading into the Christmas br
Troy Masters, Pioneering L.G.B.T.Q. Journalist, Dies at 63
Dec 20, 2024, 6:27 PM
He was at the helm of several influential publications, notably Gay City News in New York City and, since 2017, The Los Angeles Blade.
Party City going out of business after 40 years
Dec 20, 2024, 4:46 PM
Party supplies retailer Party City is permanently shutting down, CNN reported Friday. Its retail footprint in North America spans over 700 company-owned and franchised stores.
Group behind viral 'Hawk Tuah' star's meme coin hit with lawsuit over crash
Dec 20, 2024, 4:56 PM
The group behind the meme coin $HAWK, named after Haliey Welch, aka the "Hawk Tuah Girl," was hit with a lawsuit following the token's crash of 95% from a $490M market cap in minutes.
Post Office inquiry ends for 'superfans' gripped by the scandal
Dec 20, 2024, 5:02 PM
People with no connection to the Post Office avidly followed the inquiry, both online and in person.
How a Government Shutdown Could Affect the Economy
Dec 20, 2024, 4:36 PM
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
Stock market today: Dow, S&P 500, Nasdaq rebound on fresh inflation data to cap volatile week
Dec 20, 2024, 4:14 PM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.
Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers
Dec 20, 2024, 3:59 PM
The decision to withdraw the regulations was a tacit acknowledgment that they would go nowhere under the Trump administration.
Volkswagen agrees deal to avoid Germany plant closures
Dec 20, 2024, 3:40 PM
VW and a union have, however, agreed to cut more than 35,000 jobs across the country by 2030.
Labor force participation among US-born American men has plunged amid soaring immigration: analysis
Dec 20, 2024, 2:25 PM
U.S. workforce participation among native-born Americans has been plummeting for decades amid rising immigration, according to a new report that sounds the alarm on the issue.
Trump Moves $4 Billion of Media Firm Stake Into Trust Run by Son
Dec 20, 2024, 10:34 AM
(Bloomberg) -- President-elect Donald Trump transfered about $4 billion worth of shares in his media company to a trust that is controlled by his eldest son, Donald Trump Jr.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousReviving a Little-Known Modernist Landmark in BuffaloDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe Architects Who Built MiamiThe soon-to-be pres
Volkswagen Reaches Labor Deal, Avoiding Germany Plant Closures
Dec 20, 2024, 12:42 PM
The automaker agreed to keep all 10 of its factories in Germany open and to guarantee workers’ jobs until the end of 2030.
CFPB Sues Big Banks Over Rampant Fraud on Zelle
Dec 20, 2024, 12:34 PM
Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.
Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge
Dec 20, 2024, 12:30 PM
Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that's still in its early stages, analysts say.
Novo Nordisk stock sees biggest loss in more than 20 years on CagriSema results
Dec 20, 2024, 11:09 AM
Novo Nordisk stock sinks on news of its newest GLP-1 candidate.
Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
Dec 20, 2024, 10:54 AM
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.
Stock market today: Dow, S&P 500, Nasdaq rebound as inflation data improves
Dec 20, 2024, 11:09 AM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.
Government Shutdown and Travel: What to Know About Flights, Passports and More
Dec 20, 2024, 10:17 AM
The failure to act by Congress could cause airport lines and other disruptions across the travel industry during a busy holiday travel period.
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Dec 20, 2024, 10:04 AM
Call for extension to winter fuel payment deadline
Dec 20, 2024, 9:23 AM
The Lib Dems warn tens of thousands of pensioners risk missing Saturday's deadline to get help with energy costs.
Stock market today: Dow, S&P 500, Nasdaq slide as government shutdown looms, inflation data improves but still sticky
Dec 20, 2024, 9:31 AM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.
Fed rate cut dissenter, Beth Hammack, says 'there is more work to do on inflation'
Dec 20, 2024, 9:00 AM
The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because 'there is more work to do on inflation,' noting that she preferred to pause given the strength of the US economy.
The US government could be headed for a shutdown. Here’s what that may look like.
Dec 20, 2024, 8:52 AM
Some government services American rely upon will be unaffected by a shutdown while others would become more difficult to access or suspended altogether. The effect on the economy may depend on how long any stoppage lasts.
Don’t give up on resolving to do better, psychologists and personal finance experts say. The key is to reframe the way you think about it.
Fed's preferred inflation gauge shows price increases fell in November
Dec 20, 2024, 8:35 AM
November's Personal Consumption Expenditures report is the latest data point that will shape future monetary policy.
Stock market today: Dow, S&P 500, Nasdaq futures sell-off as government shutdown looms, inflation data improves but still sticky
Dec 20, 2024, 8:53 AM
Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.
PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
Dec 20, 2024, 8:40 AM
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
Fed's preferred inflation gauge shows price increases fell in November but still remain sticky
Dec 20, 2024, 8:35 AM
November's Personal Consumption Expenditures report is the latest data point that will shape future monetary policy.
'AI deepfake romance scam duped me out of £17k'
Dec 19, 2024, 6:01 PM
Nikki MacLeod believed she was sending money to a real woman whom she was in a relationship with.
Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off
Dec 20, 2024, 8:03 AM
Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.
The Shutdown Crisis Leads to Questions About Who Is in Charge
Dec 20, 2024, 7:38 AM
Donald Trump has yet to take office but the president-elect and Elon Musk are already influencing policy, putting the federal government hours away from a shut down.
Stock market today: Dow, S&P 500, Nasdaq futures sell off as government shutdown looms, Fed's preferred inflation gauge on deck
Dec 20, 2024, 7:37 AM
Stocks signaled another rough day of trading on Friday, with the Fed's preferred inflation gauge on tap.
Amazon Has Overhauled Its Drone Delivery. Will the Public Welcome It?
Dec 20, 2024, 5:02 AM
A recent visit to Amazon’s overhauled drone delivery program in Arizona left me impressed by the drones, but skeptical that the public will welcome them.
The sharp reaction to the Fed could be an ominous sign for markets in 2025: Morning Brief
Dec 20, 2024, 6:00 AM
Fed Chair Jay Powell did nothing particularly surprising on Wednesday, but markets reacted sharply. The strong reaction does not portend smooth sailing in the year ahead as the uncertainty Powell referenced arrives.
Tesla recalls nearly 700,000 vehicles in US over tire pressure monitoring system issue
Dec 20, 2024, 5:42 AM
The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure, according to a recall acknowledgement notice. The problem could result in drivers using the vehicle with improperly inflated tires, increasing the risk of a crash, the notice said. The issue, affecting some Model 3, Model Y and Cybertruck vehicles, will be resolved with an over-the-air software update, Tesla said.
Head of billion-dollar brokerage firm gives his view of real estate market in 2025
Dec 20, 2024, 6:00 AM
The Agency founder and CEO Mauricio Umansky told FOX Business about the trends he expects to see in the real estate market in 2025. In particular, he see's more movement in the market.
Great Britain's worst major stations for cancellations named
Dec 20, 2024, 12:26 AM
The latest figures show almost one in 10 trains were cancelled at Manchester Victoria.
Trump Tariffs? Europe Braces but Has No Clear Strategy
Dec 20, 2024, 3:18 AM
The incoming president promised “tariffs all the way” unless Europe bought more U.S. oil and gas. European officials have no clear strategy for avoiding a trade war.
President Musk?
Dec 19, 2024, 4:52 PM
The unelected Trump adviser is now telling Congress what to do. That's supposed to be Trump's job.
Trump says EU should make up 'tremendous deficit' with US by purchasing its oil and gas
Dec 20, 2024, 1:28 AM
(Reuters) - U.S. President-elect Donald Trump said on Friday that the European Union must purchase U.S. oil and gas to make up for its "tremendous deficit" with the world's largest economy, or face tariffs.
Government borrowing lower than expected in November
Dec 20, 2024, 2:18 AM
Public sector borrowing was £11.2bn last month, the lowest November figure since 2021.
Trump Puts Shares of His Media Company in a Trust
Dec 20, 2024, 12:48 AM
A regulatory filing showed that the president-elect transferred some 115 million shares of Trump Media to a trust controlled by his son Donald Trump Jr.