Daily News Explorer
Inside Mark Zuckerberg’s Sprint to Remake Meta for the Trump Era
Jan 10, 2025, 2:02 PM
After visiting President-elect Donald J. Trump in November, Mr. Zuckerberg decided to relax Meta’s speech policies. He asked a small team to carry out his goals within weeks. The repercussions are just beginning.
California fires threaten oil and gas supplies
Jan 10, 2025, 8:10 PM
The fires raging in Southern California threaten to hurt the supply of oil, gas, diesel and natural gas supplies due to fire hazards and loss of power.
December jobs report has Wall Street starting to talk about rate hikes in 2025
Jan 10, 2025, 3:35 PM
A hot December jobs report, combined with a murky inflation outlook for 2025, has some economists debating if the Federal Reserve may need to hike interest rates again.
Insurance stocks tumble as LA blazes 'among the most costly wildfires' in California history
Jan 10, 2025, 4:06 PM
Insurance and utility stocks with California exposure took a hit Friday as the Los Angeles fires continued to rage.
More people in late 20s still living with parents
Jan 10, 2025, 7:40 PM
The rising cost of buying or renting home has led more to remain in the family home, a think-tank says.
LA Homes Near Fire Still Had Power as Winds Rose, Data Show
Jan 10, 2025, 6:53 PM
(Bloomberg) -- As attention turns to the causes of this week’s devastating Los Angeles wildfires, evidence has emerged that power lines close to where one of the deadly conflagrations started weren’t shut off, despite warnings about high winds.Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bri
Rachel Reeves pledges to 'make UK better off' as she arrives in China
Jan 10, 2025, 7:16 PM
It follows criticism of the chancellor's trip which comes at a time of economic unease as UK borrowing costs rise.
California bans insurance cancellation, non-renewals in LA areas affected by fires
Jan 10, 2025, 6:13 PM
The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.
James Arthur Ray, Self-Help Guide Whose Retreat Became Deadly, Dies at 67
Jan 10, 2025, 5:46 PM
A rising star among New Age motivational speakers, he was brought down by a disaster during one of his retreats in Arizona, where three people died in a sweat lodge.
Meta axes DEI programmes joining corporate rollback
Jan 10, 2025, 4:32 PM
It joins Walmart, McDonald's and other companies in a similar move regarding diversity efforts since Trump's re-election.
U.S. Employers Add 256,000 Jobs in December
Jan 10, 2025, 5:02 AM
A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.
IRS announces start of tax season – what to know
Jan 10, 2025, 4:03 PM
The Internal Revenue Service announced that the 2025 tax filing season will officially begin on Jan. 27, when taxpayers can file returns for the 2024 tax year.
Shein checks urged after refusal to answer 'basic' questions
Jan 10, 2025, 3:47 PM
The chair of a committee of MPs has written to the London Stock Exchange with concerns over the fashion retailer.
California Fires Lead to Prices Hikes on Some L.A. Rentals
Jan 10, 2025, 3:29 PM
Despite a law against price gouging during a state of emergency, some rental listings have shot up above the allowable 10 percent overnight.
Bird flu vaccine: What to know
Jan 10, 2025, 2:48 PM
Medical experts advise that people should get a vaccine for the bird flu when it becomes commercially available. One doctor said the most at-risk patients should be first.
Macy's is closing 66 stores. Here's where they're located
Jan 10, 2025, 1:46 PM
Macy’s on Thursday named 66 stores it plans to shutter this year through its "Bold New Chapter" initiative. The locations are spread across 22 states.
Great British Rail fare sale: Government confirms cheaper tickets
Jan 10, 2025, 1:56 PM
More than two million train tickets will be sold at a discount under a promotion starting next week.
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
Jan 10, 2025, 4:03 PM
Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts.
Nvidia, chip stocks drag tech lower as new Biden export rules, jobs report weigh
Jan 10, 2025, 4:01 PM
The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips.
How long will California wildfire victims wait for insurance payouts?
Jan 10, 2025, 12:18 PM
Several experts warned that it will be very hard to pinpoint when the victims of the Southern California wildfires will receive their insurance payouts.
Mortgages rates are not rising yet but Reeves has to act
Jan 10, 2025, 12:08 PM
Why Rachel Reeves needs a more detailed growth strategy - and soon.
Fewer US interest rate cuts expected after job gains surprise
Jan 10, 2025, 10:55 AM
Jobs growth in the US surged unexpected last month. That's good news for the world's largest economy but could be "punishing" for the UK.
Hot jobs report cements a Fed rate hold this month — and possibly the foreseeable future
Jan 10, 2025, 9:48 AM
A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its next meeting in January — or for the foreseeable future.
U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector
Jan 10, 2025, 10:30 AM
The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
If you are 60 years old, new 401(k) rules could save you money
Jan 10, 2025, 7:00 AM
The 401(k) rules allow you to save more if you are close to retirement. Those rules got even better with the start of 2025 if you are aged 60-63. Here's what you need to know..
December jobs report shows unemployment fell to 4.1%, 256,000 jobs added to finish 2024 on high note
Jan 10, 2025, 9:08 AM
December's jobs report will be the final look at the labor market before the Federal Reserve announces its next interest rate decision on Jan. 31.
Constellation Energy to Buy Power Producer Calpine
Jan 10, 2025, 7:15 AM
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
Jan 10, 2025, 9:24 AM
Allstate, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
Investing in Stocks and Bonds Will Be Trickier Under Trump
Jan 10, 2025, 9:00 AM
Sizzling returns well may continue, but our columnist suggests that it would be wise to prepare for the next storm.
US economy added 256K jobs in December, well above expectations
Jan 10, 2025, 8:32 AM
The Labor Department released its jobs report for December which showed the U.S. economy added 256,000 jobs last month, well above economists' expectations.
British Gas owner Centrica warning on storage will not affect supply, says network
Jan 10, 2025, 7:29 AM
Experts say the UK has enough gas after Centrica said storage levels are "concerningly low".
Economists Are in the Wilderness. Can They Find a Way Back to Influence?
Jan 10, 2025, 5:01 AM
Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
Can You Still Use TikTok if It’s Banned? What Users Should Know About the App.
Jan 10, 2025, 5:01 AM
The social media app is likely to disappear from the app stores of Google and Apple right away. But it’s unclear if users will completely lose access.
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
Jan 10, 2025, 4:58 AM
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
These are the United States most costly wildfires
Jan 10, 2025, 6:00 AM
Los Angeles is in the midst of battling multiple wildfires. FOX Business takes a look at some of America's most costly wildfires.
The Fed Is in no Rush to Cut Rates, Even if There Is a Weak Jobs Report
Jan 10, 2025, 6:02 AM
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.
Nvidia Slams Biden for Trying to ‘Preempt’ Trump With Policy
Jan 9, 2025, 9:34 PM
(Bloomberg) -- Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amste
TSMC sales beat estimates in boost for AI’s outlook in 2025
Jan 10, 2025, 1:54 AM
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The go-to
December jobs report expected to show hiring slowdown, steady unemployment rate
Jan 9, 2025, 1:10 PM
Economists expect the latest jobs report to show the labor market continued to cool in December but not enough to prompt a Federal Reserve interest rate cut in January.
Higher egg prices may extend far into 2025, and egg producers like Cal-Maine could benefit
Jan 9, 2025, 12:07 PM
Investors see an opportunity for egg producers like Cal-Maine as supply remains pinched.
Sainsbury's to raise pay to £12.60 an hour
Jan 10, 2025, 3:22 AM
The supermarket says the increase will "help manage a particularly tough cost inflation environment".
Judge halts attempt to retrieve Bitcoin hard drive worth nearly $750 million from landfill
Jan 10, 2025, 12:08 AM
James Howells, 39, launched a legal case to require Newport city council to allow him to search a landfill site to retrieve a lost hard drive containing his Bitcoin fortune.
R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’
Jan 10, 2025, 12:13 AM
R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.