News - 2025-01-16

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Carney is now running for the Liberal Party leadership in Canada. What does his time in London tell us?

The tech giant was facing pressure to pull the feature after it made repeated mistakes.

The truck company will also be banned from importing its diesel engines into the US for five years.

Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.

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Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.

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The lawsuit is the latest legal action in a feud tied to the 2024 film “It Ends With Us,” which starred Ms. Lively and Mr. Baldoni, who also directed the film.

AI can take a second look at medical scans and flag up potential problems that doctors might not see.

It comes after customers complained of not being able to plan for price rises.

Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.

BlackRock ETF investment chief Samara Cohen thinks President-elect Donald Trump will push crypto-friendly policies.

The three major averages are on track for modest weekly gains.

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The world's second largest economy is set to release annual economic growth figures.

The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.

Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.

President-elect Donald Trump is reportedly mulling unconventional ways to save TikTok from an impending US ban, including an executive order. Doing so could mean facing some serious legal hurdles.

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Tesla is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a demand slump.

Treasury secretary nominee Scott Bessent testified in his confirmation hearing that he won't discriminate in tax enforcement and will ensure the IRS has the tools needed for audits.

TikTok is readying plans to shut down its operations in the U.S. on Sunday as required by a law passed by Congress last year, according to multiple reports.

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Capital One on Thursday warned customers it is experiencing a technical outage affecting account services, deposits and payment processing.

Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.

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JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.

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The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.

President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.

In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

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Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

The strike dates suspended are Sunday 19 January and Sunday 26th January.

(Bloomberg) -- Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising

The Cost of Surviving a Wildfire

Jan 16, 2025, 11:24 AM

Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.

The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.

Former U.S. Assistant Secretary of State for Economic and Business Affairs weighs President-elect Trump's plan to establish the 'External Revenue Service.'

Fourth-quarter profits at Bank of America and Morgan Stanley more than doubled as both benefitted from a Wall Street dealmaking revival that also lifted results at their rivals.

Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

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A rail watchdog wants passengers who make genuine mistakes to be treated more fairly.

For the nation's biggest lenders a second Trump term can lead to profits no matter what the Fed does to interest rates.

U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million — a 29% discount to its last valuation.

(Bloomberg) -- BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call

Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

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While bank stocks have been supported by enthusiasm for rising deal activity, it was actually the trading side that helped Morgan Stanley more in the quarter.

The job losses at the oil giant will affect more than 5% of its global workforce.

(Bloomberg) -- Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?Wall Street also ke

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It hoped to turn 60,000 roadside green cabinets into chargers - but now says it will focus on wifi instead.

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.

Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.

A full daily service to and from Dublin is planned but one of the two ferry berths remain closed.

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Before Marie Kondo stormed into the global consciousness, Hideko Yamashita taught Japan the art of creating tidier spaces.

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. projected quarterly sales and capital expenditure ahead of analysts’ estimates, fueling hopes that spending on AI hardware should remain resilient in 2025.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifac

One of the stock market's most prominent short sellers is shutting down and planning to reveal its methods after the firm disbands.

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Investors are coming off a strong session after a moderate improvement in core inflation in December's consumer price index spurred a risk-on rally.

China's slowing economy is still waiting for promised government support to kick in.

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Prices rose by more than incomes during Biden's four years in office. A change in presidents doesn't mean the problem is solved.

Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing.

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TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects robust revenue growth in the first three months of the year as demand surges for chips used in artificial intelligence processing. While business is booming, TSMC does face headwinds from U.S. government technology restrictions on China with the Biden administration saying this week it would further restrict AI chip and technology exports. Though Taiwan and other close U.S. allies will be allowed unlimited access to U.S. AI technology, further curbs could impact demand from clients.

Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.

Nate Anderson, the founder of Hindenburg Research, has announced his decision to disband the company.