Daily News Explorer
Rachel Reeves heads to China amid pressure over borrowing costs
Jan 9, 2025, 10:52 PM
The three day-visit has been criticised by Conservatives who claim she should have cancelled the trip.
Boeing and Google give $1m each to Trump's inauguration
Jan 9, 2025, 10:18 PM
The major US businesses donating to the fund also includes energy firm Chevron and tech giants Meta, Amazon and Uber.
How Outlets on the Left and Right Have Covered the Los Angeles Wildfires
Jan 9, 2025, 7:41 PM
Media outlets reported similarly on the destruction caused by the fires that raced through Southern California. But partisan publications attributed them to very different causes.
How AI uncovers new ways to tackle difficult diseases
Jan 9, 2025, 7:17 PM
Pharmaceutical firms are turning to AI to find new molecules that might be able to tackle disease.
Supreme Court to hear TikTok's final plea against US ban
Jan 9, 2025, 7:12 PM
TikTok is hoping to win a challenge against law that would see it banned from the US this month.
Fox Must Face Smartmatic’s $2.7 Billion Defamation Lawsuit, Court Rules
Jan 9, 2025, 6:43 PM
The complaint, which arose out of Fox News’s promotion of vote-rigging conspiracy theories after the 2020 U.S. presidential election, is on track to proceed to trial.
Why General Manager Is the Hottest Job Title in College Sports
Jan 9, 2025, 6:22 PM
With players being paid and routinely changing schools, universities increasingly need someone besides a coach to put together a team.
Stock futures slip as Wall Street braces for Friday's jobs report: Live updates
Jan 9, 2025, 6:02 PM
Traders are looking ahead to Friday’s December nonfarm payrolls data.
California homeowners insurance market tested as fires rage
Jan 9, 2025, 4:31 PM
Raging wildfires in Southern California are an early, high-stakes test of new regulations designed to shore up the state’s spiraling homeowners insurance market.
Paul Oreffice, a Combative Chief of Dow Chemical, Dies at 97
Jan 9, 2025, 4:28 PM
He led the company as it flourished in the ’70s and ’80s while confronting veterans and environmentalists over its toxic products like Agent Orange and dioxin.
California wildfires could cost insurers $20B, highest in state’s history
Jan 9, 2025, 4:13 PM
An analysis by J.P. Morgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.
Mortgage rates jump again, approaching 7% barrier
Jan 9, 2025, 12:40 PM
Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data released this week pointed to stickier inflation and more job openings.
Fed's Bowman said December rate cut was 'last step' in 'policy recalibration'
Jan 9, 2025, 2:41 PM
Fed governor Michelle Bowman said she supported a December rate cut as the 'last step' in the central bank's 'policy recalibration,' becoming the latest Fed official to urge caution about the path forward for monetary policy.
Pacific Palisades fire may spell an end to cheap homeowners insurance in California
Jan 9, 2025, 2:07 PM
The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions. The scale of losses anticipated in the wildfires now ringing Los Angeles, as well as regulatory changes enacted late last year, could spell an end to relatively cheap homeowners' insurance in areas like the Palisades that are at elevated risk for wildfires, four analysts told Reuters. "One sees relatively low premiums in high-risk markets in California, but that might be starting to change," said Philip Mulder, a University of Wisconsin professor who studies the industry.
Enron Is Back. Could This Possibly Be Real?
Jan 9, 2025, 2:34 PM
One of the pranksters behind “Birds Aren’t Real” is back to revive a company synonymous with corporate malfeasance — it has merch and what it’s claiming is an at-home nuclear reactor.
Lloyds, Halifax and Bank of Scotland customers to use any branch
Jan 9, 2025, 2:14 PM
The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.
Fed Governor Bowman says December interest rate cut should be the last
Jan 9, 2025, 1:35 PM
Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.
LA wildfires among costliest in US history
Jan 9, 2025, 1:32 PM
Analysts estimate economic losses at more than $50bn as the fires burn through some of the most expensive property in the US.
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
Jan 9, 2025, 12:39 PM
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
Mortgage rates rise for fourth straight week, inching closer to 7%
Jan 9, 2025, 12:16 PM
Mortgage rates continued to climb this week, with the 30-year fixed rate notching up toward 7% while housing demand remains stalled amid elevated rates and home prices.
Bitcoin falls to lowest level since November as Trump rally loses steam in inauguration run-up
Jan 9, 2025, 10:24 AM
Bitcoin fell more than 3% Thursday to just over $92,000 — its lowest level since November.
Can Low Unemployment Last Under Trump?
Jan 9, 2025, 10:59 AM
Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
TikTok's future is now in the hands of the Supreme Court
Jan 9, 2025, 10:28 AM
TikTok and its Chinese parent company are facing off against the Justice Department Friday in a hearing before the Supreme Court that will help determine the fate of the popular social media app.
Mick Lynch announces retirement as head of RMT
Jan 9, 2025, 10:26 AM
Mr Lynch steered the union through fierce pay strikes in 2022 and 2023 before securing a new deal.
Why are bond yields rising and how does it affect me?
Jan 9, 2025, 7:55 AM
Government borrowing costs have hit their highest level for several years - what does it mean for you?
TikTok Case Before Supreme Court Pits National Security Against Free Speech
Jan 9, 2025, 5:01 AM
The court, which hears arguments on Friday in a challenge to a law banning the app, has issued varying rulings when those two interests clashed.
TikTok Creators and Brands Are Bracing for a Potential Ban
Jan 9, 2025, 5:01 AM
Billions in advertising flows through TikTok, which could be banned in the U.S. as soon as Jan. 19. Brands and creators are racing to prepare.
Banks Are Racking Up Wins Even Before Trump Is Back in White House
Jan 9, 2025, 5:01 AM
Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.
2025's top remote work companies revealed with some paying over $100,000
Jan 9, 2025, 6:00 AM
Some jobseekers in 2025 may be looking for remote positions, and a recently-released report from FlexJobs identified the companies that had the most roles offering that arrangement.
Nvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning Brief
Jan 9, 2025, 6:00 AM
The money-making potential for quantum computing is so far away, Wall Street isn't sure what to make of it.
Elon Musk's Trump windfall
Jan 9, 2025, 6:00 AM
Musk's Tesla stake rose by $111 billion — 65% — last year. All but $2 billion of Musk’s Tesla gain and about 98% of what other Tesla shareholders gained came after Election Day, when Musk began hanging out extensively with Donald Trump and started calling himself Trump’s “first buddy.”
Palisades real estate: How long will it take to rebound from devastating fires?
Jan 9, 2025, 6:00 AM
After the fires are extinguished, a real estate economist told FOX Business that that movement in the market ill kick back up for homes that aren't damaged.
Private equity wants a piece of your 401(k) — and hopes Trump can make it happen
Jan 9, 2025, 4:00 AM
Private equity firms are hoping that the new Trump administration makes it easier for them to access something they have long wanted: your 401(k).
White House Ignites Firestorm With Rules Governing A.I.’s Global Spread
Jan 9, 2025, 5:01 AM
The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.
Britain’s Bond Turmoil Invokes Memory of 1976 Debt Crisis
Jan 9, 2025, 3:27 AM
(Bloomberg) -- Britain’s latest bond turmoil has drawn comparisons with the Liz Truss mini-budget debacle of 2022 but a parallel with the debt crisis of the 1970s might be more apt. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’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?Can States Hit the Brakes on Runaway Roadbuilding?That’s the
CES 2025: How autos stole the show
Jan 8, 2025, 4:49 PM
While Nvidia CEO Jensen Huang made major waves at this year’s CES, it was the auto industry that stole the show.