Daily News Explorer
Bank of Japan raises rates to highest in 17 years
Jan 23, 2025, 10:52 PM
The move comes hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
UK has not ruled out post-Brexit EU food trade deal, says Jonathan Reynolds
Jan 23, 2025, 10:37 PM
Jonathan Reynolds told the BBC doing a deal to ease UK exports of food would not cross the government's red lines
Japan Raises Interest Rates to Highest Level Since 2008
Jan 23, 2025, 10:26 PM
After a long period of stagnation, the return of inflation and wage growth is giving the Bank of Japan room to raise interest rates.
S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns
Jan 23, 2025, 4:07 PM
Corporate earnings are coming in strong. Investors are also seeing the Trump administration take a less aggressive approach to tariffs than some had expected.
OpenAI Unveils New Agent Tool ‘Operator’
Jan 23, 2025, 1:00 PM
The new tool, called Operator, can shop for groceries or book a restaurant reservation. But it still needs help from humans.
Instagram and Facebook Blocked and Hid Abortion Pill Providers’ Posts
Jan 23, 2025, 9:38 PM
Some posts related to obtaining abortion pills were recently hidden on Instagram and Facebook and some accounts were suspended, before being later restored.
$3,000 for a Used iPhone? If It Has TikTok, Maybe.
Jan 23, 2025, 8:01 PM
Phones with TikTok are being listed for eye-watering sums as the social media platform remains absent from app stores.
UnitedHealthcare names new boss after former CEO killed
Jan 23, 2025, 7:39 PM
The company's former chief executive Brian Thompson was shot and killed in December.
Space exploration: How to make moon dust into oxygen
Jan 23, 2025, 7:02 PM
Engineers are working on systems that can turn lunar regolith into useful elements like oxygen.
Historic jump in companies in critical financial distress
Jan 23, 2025, 7:01 PM
There's been a record jump in the number of companies in critical financial distress, according to insolvency specialists.
'World's first downside protected bitcoin ETF': Calamos unveils a safer way to play crypto
Jan 23, 2025, 6:45 PM
A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing.
Wealthy leaders share financial advice they gave their kids: Invest early, learn from failure — and think carefully about inheritance
Jan 23, 2025, 6:16 PM
Wealthy leaders share the financial advice they gave their kids, including invest early, budget —and think carefully about inheritance.
Stock futures inch lower, but major averages on track for second positive week in a row: Live updates
Jan 23, 2025, 6:02 PM
Optimism toward Trump's pro-business policies pushed risk assets higher this week after his inauguration.
Trump executive order delivers on 2 promises he made to crypto world
Jan 23, 2025, 5:36 PM
President Donald Trump signed an executive action Thursday that creates a presidential group to coordinate the establishment of clear regulation for the cryptocurrency industry and prohibits the creation of central bank digital currencies.
UnitedHealthcare announces new CEO after killing of Brian Thompson
Jan 23, 2025, 5:41 PM
UnitedHealth Group named Tim Noel the new CEO of the company's insurance division, UnitedHealthcare, after the targeted killing of former CEO Brian Thompson.
Trump Lashes Out at Bank of America Over Treatment of Conservatives
Jan 23, 2025, 5:25 PM
The president revived Republican criticisms over purportedly politically motivated “debanking,” or closing of customer bank accounts.
Elon Musk’s DOGE setting its sights on the penny
Jan 23, 2025, 4:23 PM
The Department of Government Efficiency hinted it may be looking to eliminate the penny. Elon Musk's initiative says production of the coin is costing taxpayers millions of dollars.
Trump opens a divide between US and EU over Big Tech
Jan 23, 2025, 4:34 PM
President Trump criticized the EU's antitrust battles against American tech companies during a virtual appearance at the World Economic Forum.
Trump Issues Executive Order to Boost Cryptocurrency Industry
Jan 23, 2025, 4:35 PM
The order signaled that the president intends to promote an industry that faced scrutiny during the Biden administration — and that he has a personal stake in.
Return-to-office policies are 'creeping up,' researcher says. Many workers would rather quit
Jan 23, 2025, 4:00 PM
More workers are being forced back to the office full time. Many say they'd rather quit.
Stock market today: S&P 500 clinches first record close of 2025, Dow pops after Trump takes spotlight at Davos
Jan 23, 2025, 4:03 PM
Stocks steady as investors stay focused on what Trump's intentions are.
President Trump signs crypto executive order
Jan 23, 2025, 3:43 PM
President Donald Trump signed an executive order that looks to clarify regulations on the cryptocurrency and digital assets industry while blocking a central bank digital currency.
Trump Drive to Cut Safety Net Could Hit His Voters
Jan 23, 2025, 3:54 PM
The new administration wants to slash aid for health, food, and housing, but many of those programs now reach the struggling working class he is courting.
Supreme Court Revives Law Meant to Fight Money Laundering
Jan 23, 2025, 2:45 PM
The Corporate Transparency Act, which requires businesses to disclose ownership information, was blocked by a federal judge as beyond Congress’s authority.
Mortgage rates finally fall after 6-week climb
Jan 23, 2025, 1:57 PM
The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.
Trump just took a shot at Bank of America. Here’s what he's talking about
Jan 23, 2025, 2:08 PM
President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives.
President Trump to ask OPEC to slash oil prices
Jan 23, 2025, 1:38 PM
President Trump said he wants OPEC and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
New Research Finds Potential Alternative to Abortion Pill Mifepristone
Jan 23, 2025, 1:00 PM
The research could further complicate the polarized politics of abortion because the drug in the study is the key ingredient in a pill used for emergency contraception.
Trump says he will 'demand' interest rates drop, hinting at coming clash with Powell
Jan 23, 2025, 12:55 PM
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.
Stock market today: Dow rises, Nasdaq slips as Trump takes the spotlight at Davos
Jan 23, 2025, 11:58 AM
Stocks steady as investors stay focused on what Trump's intentions are.
Chip stocks fall as Nvidia supplier highlights market uncertainty
Jan 23, 2025, 10:09 AM
Chip stocks including Nvidia and Arm fell Thursday after an Nvidia supplier, SK Hynix, spoke about uncertainty in semiconductor demand in 2025 on its earnings call.
Mortgage rates drop as Trump holds off on tariffs in first days in office
Jan 23, 2025, 12:26 PM
Mortgage rates followed bond yields lower as traders assessed President Trump's first executive orders. The average rate on a 30-year loan slipped under 7%.
Ford recalls over 272K vehicles due to battery failure issues
Jan 23, 2025, 12:16 PM
More than 272,000 Ford Bronco Sport and Ford Maverick vehicles are being recalled because their 12-volt batteries may fail unexpectedly while driving.
Three UK outage leaves thousands unable to make calls
Jan 23, 2025, 11:54 AM
There have also been several thousand reports of problems from users of Smarty and ID Mobile.
Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition
Jan 23, 2025, 12:04 PM
A group of 15 states have reached a tentative new deal that would require them to set aside hundreds of millions of dollars from the settlement in a legal-defense fund for the family.
'Serious and systemic' problems found in insulated homes, minister says
Jan 23, 2025, 11:54 AM
All homes with external wall insulation fitted under two government schemes will be contacted by the energy regulator.
Big Tech earnings are coming, and Trump will be top of mind for investors
Jan 23, 2025, 10:41 AM
Big Tech earnings season is coming, and Trump will be top of mind.
Stock market today: Dow, Nasdaq, S&P 500 steady as Trump takes the spotlight
Jan 23, 2025, 11:36 AM
Stocks steady as investors stay focused on what Trump's intentions are.
Trump wants to fix the housing affordability crisis: What it will take
Jan 23, 2025, 10:07 AM
The Trump administration announced plans to make housing more affordable, citing regulatory requirements as a main driver for why so Americans are unable to purchase homes.
Vanguard's $106 million target-date fund settlement offers a key lesson about taxes
Jan 23, 2025, 9:54 AM
Investors can boost their after-tax returns by pairing assets with taxable accounts or tax-advantaged retirement accounts like 401(k) plans and IRAs.
Stock market today: Dow, Nasdaq, S&P 500 steady as Trump takes the spotlight
Jan 23, 2025, 11:36 AM
Stocks steady as investors stay focused on what Trump's intentions are.
BlackRock's Fink sees potential risks and says the bond market will tell us where we are going
Jan 23, 2025, 9:07 AM
BlackRock CEO Larry Fink said Trump's efforts to unleash capital in the private sector could reaccelerate inflation and hurt the stock market.
Trump Escalates His War on D.E.I.
Jan 23, 2025, 8:26 AM
President Trump’s campaign to end diversity, equity and inclusion policies has begun in federal agencies, and is jolting corporate America as well.
Prominent private sector investments mount amid Trump's return to the White House
Jan 23, 2025, 8:00 AM
President Donald Trump has announced several notable private sector investments into the U.S. tech sector in the wake of his electoral victory as he looks to tout economic momentum.
Rachel Reeves to soften non-dom tax changes
Jan 23, 2025, 7:52 AM
It comes after critics warned the plans could prompt wealthy people to leave the UK.
Banks raise concerns over benefit debt recovery powers
Jan 23, 2025, 7:39 AM
The biggest group representing UK banks says the measures could conflict with customer protections.
GE Aerospace forecasts upbeat 2025 profit on strong demand for parts, services
Jan 23, 2025, 7:44 AM
The company's shares rose 6.5% in trading before the bell after GE Aerospace also announced plans to increase its share buybacks to $7 billion in 2025 and its dividend by 30%. Production delays at Boeing and Airbus have resulted in longer wait times for new jets. This has forced airlines to operate older, maintenance-intensive aircraft to meet demand for air travel.
Stock market today: Dow, Nasdaq, S&P 500 steady as Trump takes the spotlight
Jan 23, 2025, 11:36 AM
Stocks steady as investors stay focused on what Trump's intentions are.
Over 100 Reddit groups ban X links in protest at Musk arm gesture
Jan 23, 2025, 6:45 AM
Moderators of groups with millions of users say the block is a result of the billionaire's on-stage gesture.
Sainsbury's to cut 3,000 jobs by closing cafés and counters
Jan 23, 2025, 6:35 AM
The changes are part of a cost-cutting plan, but recent tax rises for businesses have also been a factor.
The creators of a new test called “Humanity’s Last Exam” argue we may soon lose the ability to create tests hard enough for A.I. models.
How Chinese A.I. Start-Up DeepSeek Is Competing With OpenAI and Google
Jan 23, 2025, 5:01 AM
The company built a cheaper, competitive chatbot with fewer high-end computer chips than U.S. behemoths like Google and OpenAI, showing the limits of chip export control.
ExThera Claimed Its Device Could Cure Cancer. But Patients Died.
Jan 23, 2025, 5:00 AM
Two U.S. companies teamed up to treat cancer patients using an unproven blood filter in Antigua, out of reach of American regulators.
Donald Trump's new crypto token is the industry in its purest form: Morning Brief
Jan 23, 2025, 6:00 AM
Trump's conflict of interest coin is making the crypto industry look bad, but the memes and the money are the ultimate use case.
Trump’s D.E.I. Order Causes ‘Chaos’ Among Corporate Leaders
Jan 23, 2025, 5:01 AM
The executive order signals that private businesses and organizations could be investigated over their diversity policies.
China says it hopes to 'properly manage differences' with the U.S. on trade
Jan 23, 2025, 4:46 AM
China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality.
Stocks stall near record highs as tech retreats: Markets Wrap
Jan 23, 2025, 3:25 AM
(Bloomberg) -- Stocks took a breather on Thursday after gains since President Donald Trump’s inauguration had taken European and US benchmarks close to record highs.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersDonations to LA Fire Victims Rise Past $200 Million MarkLA Schools Wrecked by Fires Plead on GoFundMe for Help to ReopenNY’s Hochul Calls for Law Banning Cell Phone Use in School
Intel races to find its next CEO, but insiders say no clear frontrunners yet
Jan 23, 2025, 4:26 AM
Yahoo Finance dives into Intel's quest for a new CEO as the struggling chipmaker evaluates several outsiders, while some reports suggest there may be a mystery company eyeing an Intel acquisition.
Salesforce CEO Marc Benioff's war of words with Microsoft rages on at Davos
Jan 22, 2025, 3:25 PM
Salesforce co-founder and CEO Marc Benioff takes his latest shot at AI rival Microsoft.
Crypto execs see clear path for U.S. to pass regulation this year as Trump fuels market hype
Jan 23, 2025, 1:15 AM
The CEOs of Coinbase, Binance and Circle told CNBC they see a clearer path toward getting concrete laws for the crypto industry.
Share of U.S. companies in China looking to relocate hits a record high, survey finds
Jan 23, 2025, 1:00 AM
A record share of U.S. companies in China are accelerating plans to relocate manufacturing or sourcing, according to the American Chamber of Commerce in China.
Spain Seeks to Curb Short-Term Rentals Amid Growing Housing Crisis
Jan 23, 2025, 12:01 AM
The country is at the forefront of a wider crunch spreading across Europe, and its prime minister has proposed a 100 percent tax aimed at foreign real estate investors.