Daily News Explorer
The French winemaker whose wines are illegal in his home country
Jan 24, 2025, 9:26 PM
Maxime Chapoutier makes wines that combine French and Australian grapes, a strict no-no in the EU.
Davos elite nod along as Trump delivers ultimatum
Jan 24, 2025, 5:06 PM
President Trump's 'America First' message takes shape, as the rest of the world begins to digest what it might mean for them and global trade.
Trump Visits L.A. and Tours Fire Damage After Suggesting FEMA Be Eliminated: Live Updates
Jan 24, 2025, 5:54 AM
Venture capital and cryptocurrency companies have claimed that they are subject to politically motivated discrimination, though the banks firmly deny that.
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Jan 24, 2025, 2:09 PM
Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.
Chevron to Increase Output at Huge Oil Field in Kazakhstan
Jan 24, 2025, 5:06 AM
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.
TikTok Ban and Trump Executive Order Lead to Tech Company Dilemma
Jan 24, 2025, 1:41 PM
The federal law banning TikTok has revealed a major schism among American tech companies: Some are willing to flout the law — and some, including Apple and Google, are not.
The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.
Existing home sales fall to lowest level in nearly 30 years
Jan 24, 2025, 4:14 PM
Existing home sales declined in 2024 to the lowest level since 1995, while median home prices rose to a record high as elevated mortgage rates confound the market.
Stock market today: Stocks stall but cap winning week as Trump's remarks rattle Wall Street
Jan 24, 2025, 4:04 PM
Wall Street stocks are on track for weekly wins as markets ride the Trump roller-coaster.
Spirit Airlines Will Prohibit ‘Offensive’ Tattoos and Revealing Clothing
Jan 24, 2025, 4:02 PM
The airline clarified (somewhat) the attire and appearance that might prevent passengers from being allowed to board or remain on a plane, a move that goes a step further than other major U.S. airlines.
Costco shareholders reject anti-DEI measure
Jan 24, 2025, 3:30 PM
Costco's shareholders overwhelmingly rejected a proposal that called for assessing the risk of keeping its diversity, equity and inclusion (DEI) programs in place.
Target scaling back DEI policies after Trump signs executive order
Jan 24, 2025, 1:20 PM
Target is the latest company to make changes to its diversity, equity and inclusion (DEI) programs as pressures mount. Several firms have rolled back their policies in recent months.
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Jan 24, 2025, 1:22 PM
The pickup was especially fueled by millennials and Gen Z users, who spent more on experiences such as travel and entertainment.
TikTok is intertwined with tariffs as Trump weighs his 'one very big power over China'
Jan 24, 2025, 12:58 PM
It’s not yet known how Donald Trump will resolve TikTok’s complicated legal limbo, but what does seem clear is that the fate of the social media app is increasingly linked in the president's mind to his top issue of tariffs.
US dollar rally makes Europe a 'screaming buy' vacation for Americans
Jan 24, 2025, 9:43 AM
A strong dollar is usually not good for companies. But for the big three US carriers, it's been a tailwind.
Some Walmart managers get pay bump, pushing compensation over $600K
Jan 24, 2025, 12:21 PM
Walmart announced that certain managers are getting a pay bump that can push their total compensation to more than $600,000 with all stock grants and bonuses calculated in.
Stock market today: Dow, S&P 500, Nasdaq stall as investors weigh earnings, Trump on China
Jan 24, 2025, 3:36 PM
Wall Street stocks are on track for weekly wins as markets ride the Trump roller-coaster.
Cargo theft in US and Canada soars to record in 2024
Jan 24, 2025, 12:09 PM
Cargo theft surged to another record last year as criminal enteprises continue to become more sophisticated in using fraud to redirect shipments from their intended destination.
Tesla launches refreshed Model Y in bid to boost sales in US, globally
Jan 24, 2025, 10:53 AM
Tesla launched an updated version of the Model Y in the US late Thursday night, bringing excitement to its product portfolio, which had been getting long in the tooth.
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Jan 24, 2025, 9:39 AM
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.
IRS Free Tax Filing System Will Include 13 More States
Jan 24, 2025, 9:00 AM
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.
The twin economic disparities Trump needs to manage: Morning Brief
Jan 24, 2025, 6:00 AM
President Trump faces a gap between the rich and poor, one that helped him get elected. But he also faces another one: the gap between a winning US and a losing Europe and China. Which may be a problem.
Stock market today: Dow, S&P 500, Nasdaq stall as investors weigh earnings, Trump on China
Jan 24, 2025, 1:15 PM
Wall Street stocks are on track for weekly wins as markets ride the Trump roller-coaster.
Novo Nordisk stock pops on phase I data for new weight-loss drug amycretin
Jan 24, 2025, 9:47 AM
Novo Nordisk announces new early clinical trial data for its latest weight loss drug, amecrytin.
Here's what CEOs are saying about DEI at Davos
Jan 24, 2025, 8:40 AM
On the ground in Davos, DEI has been the subject of conversation both on the record and behind closed doors.
Clampdown on fake Google reviews announced
Jan 24, 2025, 8:38 AM
Businesses which boost their star ratings will have warnings attached to them - fake reviewers will be banned.
Stock market today: Dow, S&P 500, Nasdaq stall as investors weigh earnings, Trump on China
Jan 24, 2025, 1:15 PM
Wall Street stocks are on track for weekly wins as markets ride the Trump roller-coaster.
Pressure from Shein, Temu accelerate retail closures
Jan 24, 2025, 6:05 AM
Retailers are facing relentless competition from controversial fast-fashion companies Shein and Temu, according to Coresight Research, which anticipates 15,000 retail closures this year.
Campaigners dismiss government's loan charge review as 'sham'
Jan 24, 2025, 4:41 AM
The charge aimed to close a tax loophole and recover backdated taxes, but has left many facing big bills.
Morgan Stanley finds ‘silent plurality’ ready to sell dollar
Jan 24, 2025, 4:29 AM
(Bloomberg) -- Traders looking to sell the world’s reserve currency are far more common than thought even as the dollar’s dominance rips across markets, according to Morgan Stanley.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Ja
Monte dei Paschi makes 13-billion-euro bid for Mediobanca as M&A appetite heats up in Italian banking
Jan 24, 2025, 4:22 AM
Italy's bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro all-share takeover offer for larger domestic peer Mediobanca.
Trump Would ‘Rather Not’ Put Tariffs on China, Maintains Threat
Jan 24, 2025, 3:24 AM
(Bloomberg) -- President Donald Trump said he’d prefer not to have to impose tariffs on China, his latest dovish remark toward the world’s second-biggest economy even as he continues to threaten sweeping action. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will
Boeing sees $3.5B cash flow loss due to labor strikes and layoffs in the fourth quarter
Jan 23, 2025, 5:28 PM
Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss to the quarter, citing the effects of a work stoppage, workforce reductions, and changes in its defense business.
Derby jobs boosted by £9bn nuclear submarine deal
Jan 24, 2025, 1:07 AM
A deal for nuclear submarine reactors is agreed between the Ministry of Defence and Rolls-Royce.