News - 2025-01-09

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The three day-visit has been criticised by Conservatives who claim she should have cancelled the trip.

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The major US businesses donating to the fund also includes energy firm Chevron and tech giants Meta, Amazon and Uber.

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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.

Pharmaceutical firms are turning to AI to find new molecules that might be able to tackle disease.

TikTok is hoping to win a challenge against law that would see it banned from the US this month.

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.

With players being paid and routinely changing schools, universities increasingly need someone besides a coach to put together a team.

Traders are looking ahead to Friday’s December nonfarm payrolls data.

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.

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.

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.

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 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.

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.

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.

The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

Analysts estimate economic losses at more than $50bn as the fires burn through some of the most expensive property in the US.

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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 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 fell more than 3% Thursday to just over $92,000 — its lowest level since November.

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Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.

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.

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Mr Lynch steered the union through fierce pay strikes in 2022 and 2023 before securing a new deal.

Government borrowing costs have hit their highest level for several years - what does it mean for you?

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.

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.

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Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

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.

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The money-making potential for quantum computing is so far away, Wall Street isn't sure what to make of it.

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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.”

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 firms are hoping that the new Trump administration makes it easier for them to access something they have long wanted: your 401(k).

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The tech industry is fighting new regulations, expected soon, that aim to keep the cutting-edge technology in the United States and allied countries.

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(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

While Nvidia CEO Jensen Huang made major waves at this year’s CES, it was the auto industry that stole the show.

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