Daily News Explorer
Bezos-owned Washington Post cuts more jobs
Jan 7, 2025, 11:41 PM
Layoffs come at a time of growing losses and turmoil over editorial decisions at the US newspaper.
Former MoviePass Executive Pleads Guilty to Fraud Over ‘Unlimited’ Plan
Jan 7, 2025, 10:32 PM
Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.
Anthropic in Talks to Raise Funding at $60 Billion Value
Jan 7, 2025, 3:24 PM
(Bloomberg) -- OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Lightspeed Venture Partners is leading the
Rolls-Royce to expand Goodwood HQ as demand for bespoke cars grows
Jan 7, 2025, 7:00 PM
The luxury carmaker will almost double the size of its factory to build more one-offs.
Credit rating agency warns of congressional debt limit stalemate despite GOP majority
Jan 7, 2025, 6:07 PM
Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill.
Stock futures are little changed after rate cut worries spurred a sell-off: Live updates
Jan 7, 2025, 6:03 PM
Stocks sold off in Tuesday’s regular session, spurred by profit-taking in Big Tech names and worries about the Federal Reserve’s rate cuts.
Nvidia stock falls after notching record high ahead of CES AI superchip debut
Jan 7, 2025, 4:02 PM
Nvidia stock (NVDA) fell Tuesday, reversing direction after a rally fueled by CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas late Monday.
US designates Tencent a Chinese military company, adding tech giant to blacklist
Jan 7, 2025, 4:15 PM
The Defense Department added video game maker Tencent Holdings to its "blacklist" of companies doing business in the U.S. while allegedly aiding the Chinese military.
Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Jan 7, 2025, 4:17 PM
Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.
Stock market today: Nasdaq leads stock declines as traders pare rate cut bets, Nvidia plummets after record close
Jan 7, 2025, 4:00 PM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
As Trump Praises Meta Decision, Tech Watchdogs Warn of Surge in Disinformation
Jan 7, 2025, 3:38 PM
While Republicans praised the move, some groups cautioned that effectively ending Meta’s fact-checking program would also lead to more conspiracy theories.
Nvidia CEO Jensen Huang says company's racing to get next-gen Blackwell chips 'into every data center in the world'
Jan 7, 2025, 3:12 PM
As Nvidia races to bring more of its next-gen chips online, CEO Jensen Huang expects revenue from its new Blackwell chips to eclipse its previous Hopper platform early this year.
Trump announces $20B US investment by Emirati businessman
Jan 7, 2025, 12:29 PM
President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family. The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects.
Meta to End Fact-Checking on Facebook, Instagram Ahead of Trump Term: Live Updates
Jan 7, 2025, 9:23 AM
The social networking giant will stop using third-party fact-checkers on Facebook, Threads and Instagram and instead rely on users to add notes to posts. It is likely to please President-elect Trump and his allies.
Golden Globes Ratings Decline Slightly to 9.3 Million Viewers
Jan 7, 2025, 10:40 AM
The show on Sunday averaged 9.3 million viewers, down from 9.4 million the year before.
Fleeing fraud charges, Samuele Landi evaded extradition treaties, dabbled in crypto, procured diplomatic credentials and took advantage of all the offshore world has to offer.
McDonald’s joins wave of US companies backing away from DEI
Jan 7, 2025, 8:32 AM
The DEI rollback across corporate America now includes the country's best-known fast-food chain, which said Monday that it would retire its practice of setting aspirational representation goals known as quotas.
Mark Zuckerberg Says Meta Fact-Checkers Were the Problem. Fact-Checkers Rule That False.
Jan 7, 2025, 2:47 PM
Fact-checking groups that worked with Meta said they had no role in deciding what the company did with the content that was fact-checked.
Toyota to invest over $44M in rocket company
Jan 7, 2025, 1:46 PM
Toyota’s mobility subsidiary will invest $44.3 million investment into a Japanese rocket company, Interstellar Technologies, according to a Tuesday announcement.
AI chatbots drive online holiday spending to record level
Jan 7, 2025, 1:27 PM
Online spending throughout the 2024 holiday shopping season reached a record high and was driven, in part, by generative AI chatbots that funneled traffic to retail sites.
Nvidia stock falls after notching record high on CES AI superchip debut
Jan 7, 2025, 11:15 AM
Nvidia stock (NVDA) fell Tuesday, reversing direction after a rally fueled by CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas late Monday.
Louisiana planning to sue Biden admin over drilling ban
Jan 7, 2025, 12:12 PM
Louisiana Attorney General Liz Murrill says she is preparing a lawsuit against the Biden adminsitration to reverse President Biden's ban on new offshore drilling.
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
Jan 7, 2025, 12:26 PM
The Chancellor may face the prospect of breaking her own Budget rules
Shein lawyer refuses to say if Chinese cotton used in clothing
Jan 7, 2025, 12:20 PM
Yinan Zhu declined to say whether it retailer's suppliers used Chinese cotton amid concerns over forced labour.
Who Is Joel Kaplan, Meta’s New Global Policy Chief?
Jan 7, 2025, 11:44 AM
The longtime Republican lobbyist for Meta was named to the company’s top policy role last week.
Stock market today: S&P 500, Nasdaq fall as traders pare rate cut bets after new economic data
Jan 7, 2025, 11:25 AM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
US job openings inch higher as hiring, quitting rates drop amid broader labor slowdown
Jan 7, 2025, 10:25 AM
The quits rate and hiring rate are now lower than they were before the pandemic.
McDonald's boss says 29 people fired over sexual harassment
Jan 7, 2025, 10:30 AM
It comes after workers at the fast-food chain told the BBC they are still facing sexual abuse and harassment.
Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'
Jan 7, 2025, 10:12 AM
The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is "a bad idea" as the billion-dollar deal was legally blocked.
Exxon Sues California Official, Claiming He Defamed the Company
Jan 7, 2025, 9:32 AM
The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging it misled the public about plastics recycling.
Washington Post Lays Off 4 Percent of Its Work Force
Jan 7, 2025, 9:32 AM
The layoffs will affect employees across The Post’s business operations, not its newsroom.
Nvidia stock rallies after CEO Jensen Huang unveils new AI superchip, robotics technology at CES
Jan 7, 2025, 8:37 AM
Nvidia stock rose early Tuesday following CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas the prior evening, which included major product updates such as a new AI superchip.
Stock market today: S&P 500, Dow, Nasdaq futures edge higher with JOLTS jobs data on deck
Jan 7, 2025, 8:51 AM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator
Jan 7, 2025, 8:36 AM
With Barr's resignation, a more precise image of incoming bank deregulation is forming.
Meta platforms ditching third party fact-checking in US
Jan 7, 2025, 8:33 AM
Facebook and Instagram will instead rely on "community notes" from its users, an approached pioneered by X.
Meta Reveals Plan to Alter Fact-Checking Program
Jan 7, 2025, 7:44 AM
The move will end a third-party fact-checking system and rely on users to add notes or corrections to posts. It is likely to please the incoming Trump administration and its conservative allies.
Biden blasted by business, energy groups over drilling ban
Jan 7, 2025, 7:00 AM
President Biden's last-minute ban on offshore gas and oil drilling in 625 million acres of federal waters was met with condemnation from business and energy groups.
Stock market today: S&P 500, Dow, Nasdaq futures tread water with JOLTS jobs data on deck
Jan 7, 2025, 7:20 AM
Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.
German dream of becoming a global chip superpower is fading fast
Jan 7, 2025, 12:00 AM
(Bloomberg) -- A vast empty field in Germany’s depressed east is where, for a moment, Olaf Scholz’s ambition to create a lasting economic legacy looked unstoppable.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Years of DelaysIt was on that plot outside Dresden that the chancellor, wielding a shove
Carney 'considering' entering race to replace Canada's Trudeau
Jan 7, 2025, 6:30 AM
The former Bank of Canada and Bank of England chief has long been considered a contender for Liberal leader.
How could the incoming Trump admin impact the mergers and acquisitions market?
Jan 7, 2025, 6:00 AM
President-elect Trump's return to the White House could bring an uptick in mergers and acquisitions, as markets anticipate tax and regulatory reforms that will boost dealmaking.
The 'most important variable' to watch in markets right now: Morning Brief
Jan 7, 2025, 6:00 AM
The direction of interest rates remains a key point of focus for investors as 2025 trading begins.
dLocal, Latin America's answer to Stripe, wins UK license in global expansion push
Jan 7, 2025, 3:00 AM
Latin American payments firm dLocal has secured a U.K. payment institution license, adding to its growing portfolio of licenses as it furthers global expansion.
Next blames clothes price rises on Budget wage costs
Jan 7, 2025, 2:55 AM
The retailer expects employee costs to increase by £73m due in part to rising National Insurance
House prices: Stamp duty changes will motivate buyers, says the Halifax
Jan 7, 2025, 2:28 AM
The UK's biggest mortgage lender says house prices rose 3.3% during the course of 2024.
CES: Nvidia unveils next-generation family of gaming chips
Jan 7, 2025, 1:20 AM
The announcement was part of Mr Huang's address at CES, an annual technology show in Las Vegas.
Taiwan Suspects a Chinese-Linked Ship of Damaging an Internet Cable
Jan 7, 2025, 1:11 AM
The Taiwanese Coast Guard said seven Chinese nationals were aboard a ship suspected of causing the damage.