Daily News Explorer
Sir Nick Clegg leave Meta ahead of Trump's return
Jan 2, 2025, 6:15 PM
In a post on Meta's Facebook, Sir Nick Clegg said he was departing after nearly seven years with the company.
Why Apple is offering rare iPhone discounts in China
Jan 2, 2025, 10:53 PM
Rival technology giant Huawei has also cut smartphone prices in the run-up to the Lunar New Year holiday.
'Ripped off' caravan owners start compensation fight
Jan 2, 2025, 8:27 PM
Parks involved in the legal action have defended their sales practices and pitch fee rises.
Tesla stock slides after Q4 delivery miss, first yearly sales decline
Jan 2, 2025, 4:06 PM
Tesla stock is sliding to start 2025 following a big fourth quarter delivery miss, and posting an overall down year for the EV-maker.
Biden to Ban More Offshore Oil Drilling Before Trump Arrives
Jan 2, 2025, 5:19 PM
(Bloomberg) -- President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resoluti
Gold just saw its biggest yearly gain since 2010 — here's why Wall Street says prices will go even higher
Jan 2, 2025, 2:37 PM
Gold's rally is expected to continue in 2025, according to Wall Street analysts.
Nvidia stock leads 'Magnificent 7' gains to start 2025 after megacap tech sell-off
Jan 2, 2025, 4:11 PM
Nvidia stock led the so-called “Magnificent 7” tech stocks higher to start the year after a group-wide selloff in the last days of 2025.
Sweden's green industry hopes hit by Northvolt woes
Jan 2, 2025, 7:04 PM
Financial problems at battery maker Northvolt have shaken hopes for Sweden's green industry sector.
Stock futures are little changed after a rocky start to 2025: Live updates
Jan 2, 2025, 6:01 PM
Wall Street is coming off a choppy trading session, with investors taking profits in some notable 2024 gainers such as Apple and Tesla.
Court strikes down US net neutrality rules
Jan 2, 2025, 5:55 PM
The ruling marks a significant moment in the long running battle over how to regulate internet providers.
Trump’s Falsehoods Aside, China’s Influence Over Global Ports Raises Concerns
Jan 2, 2025, 4:14 PM
The president-elect inaccurately said that Chinese soldiers operate the Panama Canal. But China’s strategic positions in shipping worry Washington officials.
Stock market today: Dow, S&P 500, Nasdaq fall as comeback bid falters and Tesla, Apple slide
Jan 2, 2025, 4:45 PM
Markets attempted to kick off the new year on the front foot as faith in techs reemerged.
Turo Car Rental App Was Quietly Growing Before New Orleans and Las Vegas Attacks
Jan 2, 2025, 3:55 PM
Turo, which investigators say was used to acquire the vehicles involved in the attack in New Orleans and explosion in Las Vegas, was emerging as an alternative car-rental service.
Dockworkers' union, employers to resume talks as strike threat looms
Jan 2, 2025, 2:50 PM
The International Longshoreman's Association (ILA) union and USMX have agreed to return to the negotiating table ahead of this month's strike deadline.
Meta Appoints Joel Kaplan to Lead Global Policy, Replacing Nick Clegg
Jan 2, 2025, 3:02 PM
Joel Kaplan, who was a former senior adviser to George W. Bush, replaces Nick Clegg, who was a former deputy prime minister of Britain, as Meta’s head of policy.
FCC’s Net Neutrality Rules Struck Down by Federal Appeals Court
Jan 2, 2025, 2:31 PM
After nearly two decades of fighting, the battle over regulations that treat broadband providers like utilities came to an end on Thursday.
Richard A. Easterlin, ‘Father of Happiness Economics,’ Dies at 98
Jan 2, 2025, 2:30 PM
He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.
Ken Griffin’s flagship hedge fund at Citadel climbs 15.1% in 2024
Jan 2, 2025, 2:21 PM
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.
Stock market today: Dow, Nasdaq, S&P 500 waver as Wall Street eyes a new year comeback
Jan 2, 2025, 1:17 PM
Markets are set to kick off the new year on the front foot as faith in techs reemerges.
Mortgage rates kick off 2025 with an increase, nearing 7%
Jan 2, 2025, 12:13 PM
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
Dominari Financial CEO Kyle Wool gives advice on ETFs and forecasts market trends in 2025 on ‘Varney & Co.’
Stock market today: Dow, Nasdaq, S&P 500 rise as Wall Street eyes a new year comeback
Jan 2, 2025, 12:05 PM
Markets are set to kick off the new year on the front foot as faith in techs reemerges.
Mortgage rates start 2025 near 7%, hitting highest level since July
Jan 2, 2025, 12:00 PM
The average 30-year fixed-rate mortgage rose to 6.91% to start the new year.
Why Trump is antsy about the coming debt ceiling fight
Jan 2, 2025, 11:37 AM
A new debt ceiling established this week sets up a coming debate about averting default. The parameters of that standoff are already making Donald Trump unhappy.
Tesla Electric Car Sales Fell in 2024, a First for Elon Musk
Jan 2, 2025, 10:15 AM
The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.
Tesla stock slides on Q4 delivery miss, first yearly sales decline
Jan 2, 2025, 10:26 AM
Tesla stock is sliding to start 2025 following a big fourth quarter delivery miss, and posting an overall down year for the EV-maker.
Debate Over U.S. Sanctions on Russia For Ukraine War Intensifies
Jan 2, 2025, 5:00 AM
The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy.
Stock market today: S&P 500, Dow rise as Wall Street eyes a new year comeback
Jan 2, 2025, 9:51 AM
Markets are set to kick off the new year on the front foot as faith in techs re-emerges.
Stock market today: S&P 500, Dow rise as Wall Street eyes a new year comeback
Jan 2, 2025, 9:31 AM
Markets are set to kick off the new year on the front foot as faith in techs re-emerges.
Tesla annual deliveries fall for first time as competition hurts demand
Jan 2, 2025, 9:07 AM
Shares of the company fell 3.5% before the bell, in a sign of investor worries over the challenges facing CEO Elon Musk, who expected promotions including zero-interest financing to power a "slight growth" in deliveries in 2024. Reduced European subsidies, a shift in the U.S. toward lower-priced hybrid vehicles and tougher competition from China's BYD have pressured Tesla. In response, Musk pivoted Tesla to self-driving taxis and backed President-elect Donald Trump with millions of dollars in campaign donations in hopes that it could bring regulatory relief for the company.
Market speculation picks up to start 2025 as crypto stocks jump, traders play 'Roaring Kitty' guessing game
Jan 2, 2025, 8:52 AM
Many speculative pockets of the stock market surged in early trading Thursday, the first session of the new year.
US mortgage rates rise to highest since early July, suppressing demand
Jan 2, 2025, 7:56 AM
(Bloomberg) -- US mortgage rates climbed to an almost six-month high during the Christmas holiday week, suppressing applications for home purchases and severely undercutting refinancing activity.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe contract rate on a 30-year mortgage advanced 8 basis points to 6.97% in the period ended Dec. 27 after risi
Natural gas prices spike on forecasts of colder than expected winter
Jan 2, 2025, 7:00 AM
A wave of predictions that a polar vortex will make this January the coldest in years sent natural gas prices up this week, and experts say it could test supplies in the US and Europe.
The Bull and Bear Case for 2025
Jan 2, 2025, 7:26 AM
The stock market has been on a blistering two-year rally. But Wall Street is warning that a number of factors, including Donald Trump’s policies, could slow or derail that momentum
Stock market today: Nasdaq, S&P 500, Dow futures surge as Wall Street eyes a new year comeback
Jan 2, 2025, 7:14 AM
Markets are set to kick off the new year on the front foot as faith in techs re-emerges.
China Hits Dozens of U.S. Companies With Trade Controls
Jan 2, 2025, 6:42 AM
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.
Avanti passengers face disruption in fresh train strikes
Jan 2, 2025, 6:38 AM
Rail managers who are RMT union members are locked in a row over rest day working.
Pigs in blankets and fizz help boost Lidl Christmas sales
Jan 2, 2025, 5:46 AM
The supermarket chain said it achieved its best Christmas on record in 2024, although growth has slowed.
How Saffron, a Precious Import, Became an American Cash Crop
Jan 2, 2025, 5:00 AM
It’s hard work to harvest, but a growing cadre of small farmers and home gardeners are cultivating the spice for profit, or simply pleasure.
UK house prices rose by 4.7% in 2024, says Nationwide
Jan 2, 2025, 2:26 AM
Housing market activity remained "remarkably resilient" despite affordability challenges, the lender says.