Daily News Explorer
DEI: Google joins US firms abandoning diversity recruitment goals
Feb 5, 2025, 11:41 PM
U-turn by the former diversity champion comes as major companies face pressure to drop the policies.
Huawei revenue rises at fastest pace since 2016 on the back of consumer segment growth
Feb 5, 2025, 10:31 PM
Chinese telecommunications and smartphone giant Huawei continues to grow and take market share from Apple, despite U.S. restrictions.
Faisal Islam: The tariff wars have begun - buckle up
Feb 5, 2025, 8:39 PM
The UK will still be hit even if not directly targeted by Trump's tariff measures.
World leaders set to vie for AI domination at Paris summit
Feb 5, 2025, 7:14 PM
Global politicians and AI bosses will next week attend a summit to debate the disruptive technology.
Bank of England: Higher water and energy bills to push up inflation
Feb 5, 2025, 7:08 PM
Higher water and energy bills will push up nflation "quite sharply" later this year, the Bank predicts.
Norwegian oil giant Equinor cuts green investment in half
Feb 5, 2025, 7:05 PM
Equinor will slash investment in renewable energy while ramping up oil and gas production.
Trump Treasury head defends Elon Musk's DOGE despite 'squawking' from critics
Feb 5, 2025, 6:30 PM
U.S. Treasury Secretary Scott Bessent comments on Elon Musk's influence over the department and outlines key aims of President Donald Trump's economic agenda on "Kudlow."
Newman: 3 things Trump could be doing instead of tariffs and deportation
Feb 5, 2025, 4:41 PM
Americans are deeply concerned about food costs and other living expenses. Why isn't Trump addressing those worries?
F.C.C. Releases CBS ’60 Minutes’ Interview With Kamala Harris
Feb 5, 2025, 3:45 PM
The complete interview, which is at the center of a lawsuit filed by President Trump, shows that “60 Minutes” aired a concise version of Ms. Harris’s answer on Israel.
Stock market today: Dow, S&P 500, Nasdaq close higher as Nvidia pops, Google slides
Feb 5, 2025, 4:29 PM
US stocks were higher amid a backdrop of scattered earnings and the outbreak of a trade war with China.
US trade deficit hits record that will be a Trump target
Feb 5, 2025, 4:20 PM
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.
Warren says Trump was 'on to a real problem' when he blasted BofA for debanking customers
Feb 5, 2025, 11:23 AM
Donald Trump and the GOP have a surprising new ally in their push to clamp down on 'debanking': Elizabeth Warren.
Nissan, Honda respond to reports of potential merger being scrapped
Feb 5, 2025, 3:10 PM
Nissan and Honda, both major automakers based in Japan, responded on Wednesday to reports that a potential merger of the two companies could be at risk of being abandoned.
Alphabet, Meta, Microsoft set to spend $230 billion this year as hefty AI bills come under scrutiny
Feb 5, 2025, 4:12 PM
Meta, Microsoft, and Google parent Alphabet are expecting a cumulative $228 billion in capital expenditures in 2025, driven by their investments in artificial intelligence infrastructure.
De Rothschild left bank after sexual misconduct claim
Feb 5, 2025, 1:28 PM
Evelyn de Rothschild left his family bank after an allegation of sexual misconduct, it has emerged
Nvidia stock pops as Big Tech spending boom cools DeepSeek fears
Feb 5, 2025, 2:15 PM
Nvidia stock rallied on Wednesday as its top customers, Big Tech giants like Alphabet, continue to invest more in the AI boom.
Stock market today: Dow, S&P 500, Nasdaq close higher as Nvidia pops, Google slides
Feb 5, 2025, 4:29 PM
US stocks were higher amid a backdrop of scattered earnings and the outbreak of a trade war with China.
Pro-Trump Media Sees Nothing but the President ‘Winning’
Feb 5, 2025, 11:57 AM
Among an array of pro-Trump personalities and media outlets, the president can do no wrong.
USPS reverses decision to suspend inbound packages from China, Hong Kong
Feb 5, 2025, 10:53 AM
The U.S. Postal Service began to allow inbound mail and packages from China and Hong Kong Posts on Wednesday, less than 24 hours after halting the service.
China calls Trump tariffs 'discriminatory' in WTO complaint
Feb 5, 2025, 11:02 AM
Beijing says the US is making "unfounded" claims about its role in the fentanyl trade to justify new tariffs.
Why Elon Musk Is So Focused on the Bureau of the Fiscal Service, ‘America’s Checkbook’
Feb 5, 2025, 10:31 AM
Spending power, privacy concerns and conflicts of interest have put the bureau at the center of a political fight.
Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis
Feb 5, 2025, 5:00 AM
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.
Is Waymo Friend or Foe to Uber?
Feb 5, 2025, 6:55 AM
The fast expansion of Waymo’s driverless car service is growing competition for Uber. The companies are also partners.
USPS Reverses Decision to Halt Parcel Service From China
Feb 4, 2025, 9:34 PM
The reversal reflects the challenge that shipping and delivery companies will face as a result of President Trump’s executive order requiring greater inspection of packages.
Honda and Nissan Merger Talks in Peril
Feb 5, 2025, 7:16 AM
Two of Japan’s largest automakers have been in talks to combine their operations to form one of the world’s biggest car groups.
Stock market today: Nasdaq, S&P 500 slide as Alphabet and AMD earnings fall short
Feb 5, 2025, 10:21 AM
US stocks pulled back against a backdrop of mixed earnings and the outbreak of a trade war with China.
NASA Gave Up a Ride to the Moon. This Startup’s Rover Took It.
Feb 5, 2025, 10:00 AM
After the space agency canceled its VIPER rover, an empty space was available on a private spacecraft that will still head to the lunar surface.
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Feb 5, 2025, 9:03 AM
A strong dollar helped drive an uptick in U.S. imports last year, while export growth remained modest.
Could the Trade Fight Take a Bite Out of Apple?
Feb 5, 2025, 8:32 AM
A news report says that Beijing is weighing an inquiry into the iPhone maker, underscoring Chinas options in fighting against President Trump’s tariff threat.
Private sector adds 183,000 jobs in January, above expectations, ADP says
Feb 5, 2025, 8:19 AM
Companies in the private sector added 183,000 jobs in January, payroll processing firm ADP said on Wednesday. The figure is above economists’ estimates of 150,000 jobs.
Retailer Fashion Nova suppressed negative online reviews, $2.4M going to customers
Feb 5, 2025, 7:38 AM
The FTC is issuing nearly $2.4 million in refunds to customers who bought products from Fashion Nova before November 21, 2019, saying the company hid negative reviews.
China-linked firm gets EZ pass contract in New Jersey, former senator calls it 'worse' than TikTok
Feb 5, 2025, 6:00 AM
A Singapore-owned company was awarded the automated tolling contract for the New Jersey Turnpike, and its ties to the Chinese government and communist party are raising alarms.
Waffle House, other companies add egg surcharge amid shortage
Feb 5, 2025, 6:00 AM
Restaurants are being forced to up their prices as ongoing outbreaks of highly pathogenic avian influenza (HPAI) -- or bird flu -- continues to limit supplies.
Tech investors are aggressively buying the dip: Morning Brief
Feb 5, 2025, 6:00 AM
Tech stocks have been volatile — especially Nvidia, which fell 17% after DeepSeek spooked investors. But many of them actually bought the dip, continuing the trend that's emerged since the pandemic.
Why Trump's tariffs aren't steering Wall Street off a 'bullish' path for stocks
Feb 5, 2025, 6:00 AM
Corporate earnings and economic data continue to support the path higher for stocks in 2025.
Morgan Stanley revises Fed rate cut forecast amid tariff uncertainty
Feb 5, 2025, 5:18 AM
Peers Goldman Sachs and Wells Fargo continue to expect two interest rate cuts this year. President Trump's tariff policy is expected to drive up inflation and will increase pressure on the U.S. central bank as it looks to control persistent inflationary pressures.
Pub Stays in Britain: Food, Lodging and Hanging Out With Locals
Feb 5, 2025, 5:00 AM
This quintessentially British lodging option offers room and board; the chance to hang out with regulars over pints of beer; and, if you’re lucky, an in-house ghost.
China considers probe into Apple's App Store fees, practices, Bloomberg News reports
Feb 5, 2025, 4:19 AM
The development comes a day after China announced a wide range of measures targeting U.S. businesses including Google, farm equipment makers and the owner of fashion brand Calvin Klein, minutes after new U.S. tariffs on Chinese goods took effect. The country's State Administration for Market Regulation is reviewing Apple's policies, including its up to 30% commission on in-app purchases and restrictions on external payment services and App Stores, the report said.
AMD tumbles after giving disappointing outlook for AI growth
Feb 4, 2025, 6:04 PM
(Bloomberg) -- Advanced Micro Devices Inc. tumbled in late trading after giving a disappointing outlook for its data center business, an area where it’s struggling to catch up with AI computing leader Nvidia Corp.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityTransportation Memos Favor Places With Higher Birth and Marriage RatesWhen
Stock market today: Nasdaq futures slip to lead S&P 500, Dow lower as Google earnings fall short
Feb 5, 2025, 3:14 AM
US stock futures pulled back after-hours against a backdrop of mixed earnings and the outbreak of a trade war with China.
As Big Retailers Pull Back on D.E.I, What Happens to Emerging Black Sellers?
Feb 5, 2025, 3:00 AM
Black-owned brands got a foot in the door through accelerator programs at companies like Target and Amazon. Now they worry it might be closing.
Treasury Department says DOGE will have 'read only' access to payment systems in letter to Congress
Feb 5, 2025, 1:35 AM
A Treasury Department official told members of Congress that DOGE will have "read-only access" to the government's payment system.