Daily News Explorer
TikTok and Government Clash in Last Round of Supreme Court Briefs
Jan 3, 2025, 6:15 PM
The briefs, filed a week before oral arguments, offered sharply differing accounts of China’s influence over the site and the role of the First Amendment.
China's young workers - overqualified and in low-paying jobs
Jan 3, 2025, 5:57 PM
With high youth unemployment rates, Chinese graduates are resorting to working as waiters, cleaners and movie extras.
Washington Post Cartoonist Quits After Jeff Bezos Cartoon Is Killed
Jan 3, 2025, 11:34 PM
The cartoon, by Ann Telnaes, depicted the owner of The Post, Jeff Bezos, and other billionaires genuflecting toward a statue of President-elect Donald Trump.
Mike Johnson reelected as House speaker after a new promise to work with Musk's 'DOGE'
Jan 3, 2025, 3:59 PM
Mike Johnson was able to keep his spot atop the US House Friday while seeming to offer minimal binding concessions to hard-right Republicans who had threatened his path to reelection.
Stock market today: Dow, S&P 500, Nasdaq jump as Nvidia, Tesla lead spark to end losing week
Jan 3, 2025, 4:05 PM
Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.
Microsoft to Spend $80 Billion on AI Data Centers This Year
Jan 3, 2025, 2:58 PM
(Bloomberg) -- Microsoft Corp. plans to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence. 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 Resolution for 2025: Ride Your Local Subway or BusMore than half of
Beer and alcohol stocks face bigger challenges as US surgeon general links drinking to cancer risk
Jan 3, 2025, 3:27 PM
Surgeon General Vivek Murthy's link of alcohol to cancer risks spills over into Friday's trading session.
Nippon Steel Rejection Shows National Security Means Whatever You Want
Jan 3, 2025, 5:27 PM
(Bloomberg) -- (Bloomberg) — For months, United States Steel Corp. argued that selling out to Japanese-owned Nippon Steel Corp. was the only way to survive. President Joe Biden thought different, concluding that even a takeover by a company based in close ally Japan wasn’t enough to allay national-security concerns.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 Rev
Why does Britain face flight chaos during bad weather?
Jan 3, 2025, 5:30 PM
Delays and cancellations related to British weather may become more common.
One year after Boeing's door plug crisis, more work is needed: FAA
Jan 3, 2025, 4:39 PM
FAA Administrator Mike Whitaker posted in a blog on Friday that more work needs to be done at Boeing, even after a year a series of unprecedented steps to fix oversight of the company.
Apple to pay $95 million in Siri spying lawsuit
Jan 3, 2025, 3:50 PM
Apple agreed to pay $95 million to settle a proposed class action lawsuit brought by device users who claimed their conversations had been recorded by Siri and shared with third parties.
Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path
Jan 3, 2025, 2:57 PM
(Reuters) -Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly" release from conservatorship. The U.S. Treasury Department and the Federal Housing Finance Agency (FHFA) said on Thursday they had amended their agreements with the companies to help ensure that their eventual exit from conservatorship is not disruptive. Exiting conservatorship would mark a key milestone for Fannie and Freddie, which were created by the Congress to support the housing market by ensuring affordable mortgage financing, but crumbled after being severely bruised during the 2008 financial crisis.
Alcohol maker stocks see declines in wake of Surgeon General cancer advisory
Jan 3, 2025, 2:40 PM
Popular alcohol producers had a bumpy morning as investors reacted to an advisory from the U.S. Surgeon General about alcohol and cancer.
Stock market today: Dow, S&P 500, Nasdaq jump as Nvidia, Tesla lead spark to end losing week
Jan 3, 2025, 4:05 PM
Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.
Ned Davis Warns It May Cut Exposure to US Equities After Selloff
Jan 3, 2025, 1:30 PM
(Bloomberg) -- Ned Davis Research has kept a bullish recommendation toward US equities for more than a year, but that may change soon if the weakness seen over the past month persists.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 Resolution for 2025: Ride Your Local Subway or BusTim Hayes
Mike Pompeo defends US Steel, Nippon deal, urges Trump to do the same
Jan 3, 2025, 1:40 PM
President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew criticism from former Secretary of State Mike Pompeo.
Rivian stock surges to start the year on better-than-expected EV deliveries
Jan 3, 2025, 4:29 PM
Rivian stock soared Friday after the electric truck maker reported better than expected vehicle sales for its quarter ending Dec. 31.
PayPal accused of racial bias against Asian Americans in funding program
Jan 3, 2025, 12:45 PM
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday's complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America. Born to and raised by immigrant parents in the Deep South, Desai thought herself a good fit for PayPal's investment program, which the San Jose, California-based company announced in June 2020 to support Black and minority-owned businesses and help address economic inequality.
GM sales rise 4% in 2024, powered by trucks, SUVs, and EVs
Jan 3, 2025, 12:42 PM
GM reported strong fourth quarter and full-year 2024 sales results in the US, capping off a strong year for the Big Three automaker. GM’s results come as crosstown rival Ford also saw sales gain in Q4 and for the year.
Why it's time to tweak your investments after lofty stock returns in 2024
Jan 3, 2025, 12:44 PM
Investors may need to tweak their portfolio holdings following a 23% gain in the S&P 500 index in 2024.
How to keep warm in cold weather when budgets are squeezed
Jan 3, 2025, 10:27 AM
A cold snap across the UK comes just as energy prices have risen, so here are a few tips to help you keep warm.
Religious Leaders Experiment with A.I. in Sermons
Jan 3, 2025, 5:00 AM
Modern religious leaders are experimenting with A.I. just as earlier generations examined radio, television and the internet.
JetBlue Fined $2 Million for Chronic Delays
Jan 3, 2025, 9:43 AM
The Transportation Department’s first ever penalty for chronic delays takes aim at four routes that consistently arrived late for five consecutive months.
Biden blocks Nippon Steel from buying US Steel
Jan 3, 2025, 8:15 AM
Biden decided to scrap the deal despite concerns that it could damage Washington's relations with Tokyo.
JetBlue hit with $2M fine for chronic flight delays
Jan 3, 2025, 9:03 AM
The U.S. Department of Transportation imposed a $2 million fine on JetBlue Airways for "operating multiple chronically delayed flights." The DOT is also investigating other airlines.
Stock market today: Dow, S&P 500, Nasdaq futures rise but weekly losses loom for Wall Street
Jan 3, 2025, 7:10 AM
Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.
Trump eases up on China
Jan 3, 2025, 6:00 AM
Trump now opposes the TikTok ban he once tried to enact and is softening on China in other ways.
Shops offer grottos and wine to combat 'drab' December
Jan 3, 2025, 6:35 AM
Small businesses are offering incentives to entice customers as consumer confidence remains low.
Walmart doubles down on grocery as traditional rivals sputter
Jan 3, 2025, 6:00 AM
Walmart CFO John David Rainey explains why a growing number of customers are turning to them for their grocery needs. Rainey noted the new store experience is part of the reason.
President Biden to block sale of US Steel to Nippon Steel: report
Oct 5, 2024, 9:31 AM
President Joe Biden announced that his administration will block the proposed $14.9 billion sale of U.S. Steel to Nippon Steel after conducting reviews of the proposed deal.
Tesla's 'day job' still matters even if its 2025 story is about something more: Morning Brief
Jan 3, 2025, 6:00 AM
Tesla stock fell 6% Monday after its quarterly deliveries disappointed investors — and showed a year-over-year decline. A reminder that the company's job of selling cars still matters.
Apple to pay $95m to settle Siri listening case
Jan 3, 2025, 5:49 AM
The tech giant denies wrongdoing after being accused of eavesdropping on customers.
Biden to block Nippon Steel takeover of US Steel on Friday
Jan 3, 2025, 4:41 AM
(Bloomberg) -- President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14.1 billion deal that has faced months of vocal opposition and raising questions over the future of a US industrial giant.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 Reviva
How Three Small Independent Coffee Shops Started Their Businesses
Jan 3, 2025, 5:00 AM
The owners began their businesses with no college degrees and 100 percent grit. A visit from the TikTok food critic Keith Lee also helped.
Tesla's China sales hit record high in 2024, bucking global decline
Jan 3, 2025, 3:11 AM
BEIJING (Reuters) -U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time. Tesla's sales in the world's largest auto market also increased 12.8% in December from a month earlier to a record high of 83,000 units, according to Tesla China. In 2024, Tesla delivered 36.7% of its cars to customers in China, its second-largest market, based on the sales figures.
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
Jan 3, 2025, 12:26 AM
The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.