Daily News Explorer
US tech giants announce AI plan worth up to $500bn
Jan 21, 2025, 11:50 PM
OpenAI, Oracle and Softbank join forces to build artificial intelligence infrastructure.
Trump Is Said to Push for Early Reopening of North American Trade Deal
Jan 21, 2025, 11:18 PM
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
Trump Announces $100 Billion A.I. Initiative
Jan 21, 2025, 2:47 PM
OpenAI, Oracle and SoftBank formed a new joint venture called Stargate to invest in data centers, building on major U.S. investments in the technology.
Trump’s Executive Order to End E.V. Subsidies Draws Pushback
Jan 21, 2025, 12:22 PM
Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges.
Trump Says He Will Impose 10% Tariffs on Chinese Imports on Feb. 1
Jan 21, 2025, 7:49 PM
The president said the planned duties were a response to China’s failure to curb fentanyl exports.
Donald Trump considers 10% tariff on China from February
Jan 21, 2025, 7:46 PM
The new president accused China of sending fentanyl to Mexico and Canada which ends up in the US.
Netflix to raise prices as Squid Game and sport fuels subscribers
Jan 21, 2025, 7:44 PM
Squid Game and live sports, including the Jake Paul v Mike Tyson fight, fuelled new memberships.
Trump Pardons Ross Ulbricht, Creator of Silk Road Drug Marketplace
Jan 21, 2025, 7:12 PM
Ross Ulbricht was serving a life sentence for creating a site in a shady corner of the internet to sell heroin, cocaine and other illicit substances.
Thousands on hold to HMRC cut off after 70 minutes, report finds
Jan 21, 2025, 7:06 PM
HMRC denies running a "deliberately poor" phone service in an attempt to push customers online.
Trump announces $500 billion 'Stargate' AI venture headed by Oracle, OpenAI, SoftBank
Jan 21, 2025, 6:25 PM
Oracle stock jumped after a report that the company is set to invest billions in an AI infrastructure buildout with Trump's backing.
Oracle stock jumps as Trump announces new $500 billion AI investment with OpenAI, SoftBank
Jan 21, 2025, 6:05 PM
Oracle stock jumped after a report that the company is set to invest billions in an AI infrastructure buildout with Trump's backing.
S&P 500 futures are slightly higher after Tuesday's post-inaugural rally: Live updates
Jan 21, 2025, 6:03 PM
Wall Street is coming off a strong session as investors deliberated the implications of President Donald Trump's return to the White House.
A Big Day for Fox News, but TV Ratings Were Down for Trump Speech
Jan 21, 2025, 5:31 PM
Roughly 26 million people tuned in live to watch the president’s lunchtime swearing-in on the major TV networks, according to preliminary figures from Nielsen.
Waitrose brings back free coffee for shoppers who buy nothing
Jan 21, 2025, 5:30 PM
The supermarket's loyalty scheme members can get a hot drink without making a purchase.
CapCut, a Video-Editing App From ByteDance, Returns for U.S. Users
Jan 21, 2025, 4:53 PM
Other apps from the company behind TikTok, including CapCut and Lemon8, went dark this weekend before flickering back. The federal law banning TikTok also applies to them.
Oracle stock jumps 7% after report says Trump to announce new $500 billion AI investment
Jan 21, 2025, 4:20 PM
Oracle stock jumped after a report that the company is set to invest billions in an AI infrastructure buildout with Trump's backing.
Netflix stock soars after subscriber growth blows away forecasts, company announces more price hikes
Jan 21, 2025, 4:07 PM
Netflix stock is soaring after earnings. Here's what to know.
Netflix Adds 19 Million Subscribers in Quarter
Jan 21, 2025, 4:03 PM
The company said those results were buoyed by programming in recent months that exceeded internal expectations.
Stock market today: Dow gains 500 points, stocks close near records as Trump holds off on tariffs
Jan 21, 2025, 4:02 PM
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Netflix earnings preview: Sports to boost Q4 results as analysts debate future price hikes
Jan 20, 2025, 6:00 PM
Netflix will report earnings on Jan. 21 after the bell. Here's what to expect.
Mortgage rates aren't likely to fall any time soon — here’s why
Jan 21, 2025, 2:54 PM
Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.
Leaders at Davos Economic Forum Vow to ‘Stay the Course’ on Climate Action
Jan 21, 2025, 2:39 PM
Officials and business executives at the annual gathering in Switzerland said the fight against global would continue with or without the United States.
David Einhorn says we have reached the 'Fartcoin' stage of the market cycle
Jan 21, 2025, 2:18 PM
"We have reached the 'Fartcoin' stage of the market cycle," Einhorn wrote in an investor letter obtained by CNBC.
Treasury steps in to protect car loan firms' payouts
Jan 21, 2025, 1:51 PM
The government is concerned major compensation for the mis-selling scandal could hurt the car industry.
Trump now must confront a problem he can’t solve alone: The debt ceiling
Jan 21, 2025, 11:38 AM
The new president and congressional leaders are meeting Tuesday to hash out a strategy for maintaining US creditworthiness and the government's ability to service $36 trillion in debt. Trump is deeply unhappy the issue is even on the table.
Oracle stock jumps 6% after report says Trump to announce new $500 billion AI investment
Jan 21, 2025, 1:45 PM
Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the US.
Stock market today: Dow, S&P 500, Nasdaq rise as Trump holds off on tariffs
Jan 21, 2025, 2:35 PM
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Trump to announce up to $500 billion private sector AI infrastructure investment, sources say
Jan 21, 2025, 12:57 PM
(Reuters) -President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the next four years, the sources said. CBS first reported the expected announcement.
JPMorgan's Trump 'war room' pulls all nighter as US companies digest first moves
Jan 21, 2025, 10:28 AM
JPMorgan Chase, like the rest of the world, is scrambling to figure out what the start of Trump 2.0 means.
Government ousts UK competition watchdog chair
Jan 21, 2025, 1:18 PM
Marcus Bokkerink is leaving as the government signals it is serious about growth, the BBC understands.
China calls for 'win-win' solution to trade tensions
Jan 21, 2025, 12:20 PM
With the threat of a trade war looming, China's first vice premier says the country wants to boost imports.
Trump coin and Melania coin are 'gambling tokens': Anthony Scaramucci
Jan 21, 2025, 8:21 AM
Skybridge founder and former Trump insider Anthony Scaramucci says new meme coins from President Trump and First Lady Melania Trump are super high risk.
Tesla stock falls as Trump ends EV mandate, looks to eliminate subsidies
Jan 21, 2025, 10:22 AM
Tesla stock was in the red on the first trading day since the inauguration of now-president Donald Trump.
Ray Dalio says cutting budget deficit is crucial to stabilize the bond market
Jan 21, 2025, 9:50 AM
The widely-followed investor said reducing the deficit can be achieved through higher taxes, lower spending or a combination of the two.
Stock market today: Dow, S&P 500, Nasdaq rise with investors on Trump tariff watch
Jan 21, 2025, 9:39 AM
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street
Jan 21, 2025, 9:36 AM
Wall Street has embraced generative AI faster than any other disruptive tech in recent years because of how adept the models are in replicating human cognition.
Bitcoin will hit a new all-time high in 2025, Binance CEO says
Jan 21, 2025, 9:08 AM
Binance CEO Richard Teng told CNBC he sees "much clearer regulation" in the U.S. this year, adding this will be supportive for crypto markets.
Bank of America CEO: The Federal Reserve may have to respond to Trump
Jan 21, 2025, 7:01 AM
Bank of America chair and CEO Brian Moynihan says the Fed needs to start asking itself a different question.
Apple’s tough January worsens as analysts cut on iPhone weakness
Jan 21, 2025, 7:47 AM
(Bloomberg) -- Apple Inc. has received a fresh pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed
Nearly half of toys sold under £15 as parents cut costs
Jan 21, 2025, 8:47 AM
An "unsettled economy" is blamed for falling sales of toys for the third consecutive year.
Samsung weighs relocating dryer production to US in response to Trump tariffs
Jan 21, 2025, 8:36 AM
A major appliance maker is considering moving some of its operations from a Mexico facility to the U.S. after President Trump considers 25% duties on imports.
Jeff Bezos, Mark Zuckerberg and Other Billionaires at the Inauguration
Jan 21, 2025, 8:06 AM
The sight of Jeff Bezos, Mark Zuckerberg and others at President Trump’s swearing-in was another sign of how business is adapting to a new Washington.
Stock market today: Dow, S&P 500, Nasdaq rise with investors on Trump tariff watch
Jan 21, 2025, 9:39 AM
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
How extreme weather, high home prices could affect the 2025 housing market
Jan 21, 2025, 7:00 AM
Extreme weather – from wildfires in California to the freezing cold temperatures and snow in Northeast, Midwest and South – has caused home tours and pending sales to fall.
President Trump faces key fiscal deadlines as second term begins
Jan 21, 2025, 6:00 AM
As President Donald Trump begins his second term in the White House, the country faces several key fiscal policy deadlines this year, including the debt limit and expiring tax cuts.
C.E.O.s, and President Trump, Want Workers Back in the Office
Jan 21, 2025, 5:00 AM
Amazon, JPMorgan and others have been telling their employees that remote work is over. Now federal employees have been ordered to come to work in person, too.
Trade war has no winners, China's vice premier warns, as Trump threatens tariffs
Jan 21, 2025, 5:49 AM
Chinese Vice Premier Ding Xuexiang warned of "no winners" in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.
Local artists straddle aesthetic and artistic worlds in the land of mega-spectacles and oversize flash.
Bitcoin slips, Trump token plunges over 20% as bullish crypto sentiment cools
Jan 21, 2025, 4:49 AM
Bitcoin and other cryptocurrencies sank Tuesday as bullish investor sentiment surrounding cryptocurrencies cooled after President Donald Trump's inauguration.
Heathrow and Gatwick airport could expand under plans
Jan 21, 2025, 4:37 AM
Airports across the UK could expand as part of the government's drive for economic growth.
SoCal resident are banding together in an effort to recover and heal what's left of their community
Jan 21, 2025, 3:10 AM
Southern California residents are being proactive about new fire threats while others are in the process of healing and recovering from what has burned down.
Private sector pay boosts UK wage growth
Jan 21, 2025, 2:11 AM
Wage growth increased by 5.6% annually in the UK, driven by strong increases in the private sector.
India’s Economy Slows Down Just When It Was Supposed to Speed Up
Jan 21, 2025, 12:00 AM
Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing India’s drive to become a developed economy.