Daily News Explorer
Mark Carney, the 'unreliable boyfriend' who ran UK's central bank
Jan 16, 2025, 8:09 PM
Carney is now running for the Liberal Party leadership in Canada. What does his time in London tell us?
Apple Intelligence: iPhone news alerts halted after AI errors
Jan 16, 2025, 6:10 PM
The tech giant was facing pressure to pull the feature after it made repeated mistakes.
Toyota unit to settle emissions scandal for $1.6bn
Jan 16, 2025, 11:04 PM
The truck company will also be banned from importing its diesel engines into the US for five years.
China Says Economy Grew 5% Last Year, Driven by Exports
Jan 16, 2025, 9:01 PM
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.
Stock market today: Nasdaq slide leads stocks lower with earnings, Bessent confirmation hearing in focus
Jan 16, 2025, 4:50 PM
Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.
Justin Baldoni Sues Blake Lively and Ryan Reynolds for Defamation
Jan 16, 2025, 7:27 PM
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.
How AI can spot diseases that doctors aren't looking for
Jan 16, 2025, 7:07 PM
AI can take a second look at medical scans and flag up potential problems that doctors might not see.
Banned: Surprise mobile mid-contract price rises
Jan 16, 2025, 7:04 PM
It comes after customers complained of not being able to plan for price rises.
Next boss: It will be harder for people to get first jobs
Jan 16, 2025, 7:03 PM
Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.
Trump and bitcoin: BlackRock predicts another historic year for crypto
Jan 16, 2025, 6:30 PM
BlackRock ETF investment chief Samara Cohen thinks President-elect Donald Trump will push crypto-friendly policies.
Stock futures are little changed after Dow ends three-day winning run: Live updates
Jan 16, 2025, 6:02 PM
The three major averages are on track for modest weekly gains.
China: Donald Trump's tariffs are not China's only problem
Jan 16, 2025, 6:19 PM
The world's second largest economy is set to release annual economic growth figures.
Mark Carney runs for leader of Canada's Liberal Party
Jan 16, 2025, 3:40 PM
The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.
Trump Treasury pick Scott Bessent defends sweeping tariffs in contentious Senate hearing
Jan 16, 2025, 1:31 PM
Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday.
Why Trump saving TikTok isn't so legally simple
Jan 16, 2025, 5:09 PM
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.
Tesla is offering new Cybertruck discounts. Is there a demand problem?
Jan 16, 2025, 11:40 AM
Tesla is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a demand slump.
Trump's Treasury pick Bessent won't discriminate on tax cheats, vows fairness
Jan 16, 2025, 4:37 PM
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 planning to shut down in US on Sunday: reports
Jan 16, 2025, 4:15 PM
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.
Capital One customers not getting payments amid outage
Jan 16, 2025, 3:59 PM
Capital One on Thursday warned customers it is experiencing a technical outage affecting account services, deposits and payment processing.
Stock market today: Nasdaq slide leads stocks lower with earnings, Bessent confirmation hearing in focus
Jan 16, 2025, 4:50 PM
Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.
Wall Street banks had a great quarter, and the boom times are just starting
Jan 16, 2025, 3:01 PM
JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.
Trump tariffs fuel forecast of worst global growth for six years
Jan 16, 2025, 1:00 PM
The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.
Trump's tax cut plans face bond market headwinds, GOP lawmakers warn
Jan 16, 2025, 12:13 PM
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.
Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Jan 16, 2025, 12:23 PM
In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.
Mortgage rates rise above 7% for first time since May
Jan 16, 2025, 12:02 PM
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.
Avanti train strikes in January cancelled to allow talks
Jan 16, 2025, 11:54 AM
The strike dates suspended are Sunday 19 January and Sunday 26th January.
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Jan 16, 2025, 8:13 AM
(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.
A First-Day Trump Order: A Federal Stockpile of Bitcoin?
Jan 16, 2025, 11:14 AM
The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
Trump's 'External Revenue Service' plan will strike fear into countries doing business with US, economist says
Jan 16, 2025, 10:23 AM
Former U.S. Assistant Secretary of State for Economic and Business Affairs weighs President-elect Trump's plan to establish the 'External Revenue Service.'
Bank of America and Morgan Stanley cement a Wall Street revival
Jan 16, 2025, 7:55 AM
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.
Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing
Jan 16, 2025, 1:34 PM
Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.
Train firms urged to give 'yellow cards' to passengers without tickets
Jan 16, 2025, 8:21 AM
A rail watchdog wants passengers who make genuine mistakes to be treated more fairly.
Big banks enter the Trump era on a high note: Morning Brief
Jan 16, 2025, 6:00 AM
For the nation's biggest lenders a second Trump term can lead to profits no matter what the Fed does to interest rates.
UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount
Jan 16, 2025, 7:34 AM
U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million — a 29% discount to its last valuation.
BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
Jan 16, 2025, 12:00 PM
(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
Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing
Jan 16, 2025, 1:34 PM
Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
Jan 16, 2025, 7:00 AM
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.
BP to cut 4,700 jobs to reduce costs
Jan 16, 2025, 6:34 AM
The job losses at the oil giant will affect more than 5% of its global workforce.
Stock Rally Stalls as Waller Remarks Boost Bonds: Markets Wrap
Jan 16, 2025, 12:55 PM
(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
BT scraps EV charging point scheme having only installed one
Jan 16, 2025, 6:22 AM
It hoped to turn 60,000 roadside green cabinets into chargers - but now says it will focus on wifi instead.
Bank of America tops estimates on better-than-expected investment banking, interest income
Jan 16, 2025, 6:15 AM
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
Trump's 'External Revenue Service' will collect from importers, not 'foreign sources'
Jan 16, 2025, 6:00 AM
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.
What to Know About the E.V. Tax Credit That Trump Might Repeal
Jan 16, 2025, 5:01 AM
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.
Holyhead ferries set to resume after six-week port closure
Jan 15, 2025, 5:48 PM
A full daily service to and from Dublin is planned but one of the two ferry berths remain closed.
Before Marie Kondo stormed into the global consciousness, Hideko Yamashita taught Japan the art of creating tidier spaces.
TSMC’s upbeat outlook fuels hopes for 2025 AI spending
Jan 16, 2025, 2:18 AM
(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
Short-selling firm Hindenburg Research is closing up shop
Jan 15, 2025, 5:16 PM
One of the stock market's most prominent short sellers is shutting down and planning to reveal its methods after the firm disbands.
Stock futures higher after S&P 500 posts best day since November: Live updates
Jan 15, 2025, 6:02 PM
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 waiting for more stimulus. Here's how the country plans to boost growth
Jan 16, 2025, 3:01 AM
China's slowing economy is still waiting for promised government support to kick in.
The final accounting on 'Bidenflation'
Jan 16, 2025, 3:25 AM
Prices rose by more than incomes during Biden's four years in office. A change in presidents doesn't mean the problem is solved.
New inflation reading likely keeps the Fed on pause for now
Jan 15, 2025, 11:13 AM
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.
TSMC logs record quarterly profit, sees hefty revenue growth in early 2025
Jan 16, 2025, 3:32 AM
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.
UK economy disappoints despite return to growth
Jan 16, 2025, 2:01 AM
Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.
Hindenburg Research: US firm that accused Gautam Adani's company of fraud shuts down
Jan 16, 2025, 1:14 AM
Nate Anderson, the founder of Hindenburg Research, has announced his decision to disband the company.