Daily News Explorer
Trump Imposes 25% Tariffs on Steel and Aluminum From Foreign Countries
Feb 10, 2025, 11:59 AM
The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come next.
Trump's tariffs: Debate on if this means the end of the post-war free trade world
Feb 10, 2025, 8:05 PM
President Trump has proposed a sweeping set of tariffs. Does this mark the end of the post-war free trade world?
China’s ‘Ne Zha 2’ Shatters Box Office Records With $1.2 Billion
Feb 10, 2025, 11:41 PM
The runaway success of “Ne Zha 2” is another sign that Chinese audiences are choosing domestic movies over Hollywood blockbusters.
BYD rolls out driver assistance tech across its EV models — with DeepSeek's AI help
Feb 10, 2025, 11:19 PM
Advanced smart driving will become a standard safety feature similar to seatbelts and air bags, BYD's founder and chairman Wang Chuanfu said.
Stock futures inch lower as investors look ahead to key inflation readings due this week: Live updates
Feb 10, 2025, 6:02 PM
The three major averages ended the session in positive territory on Monday, with Big Tech names rising.
New 25% tariffs on steel and aluminum to start March 4 as Trump reworks the US trade landscape
Feb 10, 2025, 6:51 PM
Donald Trump's rapid reorientation of the US trade landscape continued apace on Monday as he signed an executive order to impose 25% duties on steel and aluminum regardless of the source country. They kick in March 4.
Stock market today: Dow, S&P 500, Nasdaq futures slide as Trump orders new tariffs
Feb 10, 2025, 8:20 PM
US Stock futures falter in the face of AI spend, tariffs and trade uncertainty.
Why do kindness influencers get criticised?
Feb 10, 2025, 7:31 PM
Kindness influencers give away money and gifts but not everyone supports their work.
Trump Sets 25% Tariffs on Steel, Aluminum as Trade War Widens
Feb 10, 2025, 8:55 PM
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSPresident Donald Trump ordered a 25% tariff on steel and aluminum imports, escalating his efforts
Trump announces 25% tariffs on all steel and aluminium imports
Feb 10, 2025, 6:15 PM
The move threatens to have a big impact in Canada, a major source of the metals in the US.
Canadian lawmaker wants to target Elon Musk in retaliation to Trump's tariffs
Feb 10, 2025, 6:00 PM
Canadian politician Jagmeet Singh warned President Donald Trump and Tesla-founder Elon Musk that Canada will respond to new tariffs with tariffs of their own.
CFPB Employees Left Stranded and Confused After Stop-Work Orders
Feb 10, 2025, 6:05 PM
Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.
Elon Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI
Feb 10, 2025, 5:16 PM
The billionaire's attorney, Marc Toberoff, confirmed he submitted the bid for "all assets" of the company on Monday.
Who gets hit hardest by steel and aluminum tariffs?
Feb 10, 2025, 4:41 PM
President Donald Trump's plan to impose 25% tariffs on imported aluminum and steel could in turn raise costs for American manufacturers that are passed on to consumers.
Elon Musk reportedly offers $97.4B for OpenAI, Sam Altman says 'no thank you'
Feb 10, 2025, 4:58 PM
OpenAI CEO Sam Altman shot down an unsolicited offer by Elon Musk to purchase OpenAI for $97.4 billion.
Newman: Why Trump is killing the penny and ransacking the government
Feb 10, 2025, 3:16 PM
Trump has a master plan, of sorts: Cut spending everywhere and make the United States a low-tax haven.
Musk-led group makes $97.4 billion bid for control of OpenAI
Feb 10, 2025, 3:47 PM
(Reuters) -A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, months after the billionaire sued the artificial intelligence startup to block it from transitioning to a for-profit firm. Altman promptly posted on X: "no thank you but we will buy twitter for $9.74 billion if you want." Musk criticized a $500 billion OpenAI-led project called Stargate announced with great fanfare at the White House just after President Donald Trump returned to office, suggesting the investors involved lacked the funding for the project.
Elon Musk warns Federal Reserve may face DOGE audit
Feb 10, 2025, 4:14 PM
Elon Musk put the Federal Reserve on notice that the central bank could face an audit from his Department of Government Efficiency after he claimed the Fed is "absurdly overstaffed."
Stock market today: S&P 500, Nasdaq lead rally as Nvidia jumps, markets brush off Trump tariff threats
Feb 10, 2025, 4:58 PM
Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.
Trader Joe's puts cap on how many eggs shoppers can buy
Feb 10, 2025, 3:17 PM
Trader Joe’s has instituted a cap on how many eggs its shoppers can purchase each day. It cited "ongoing issues with the supply of eggs" as the reason.
The Magnificent 7 trade is struggling — Here's why
Feb 10, 2025, 1:17 PM
The Mag 7 trade has cooled down. Here is the simplest reason why.
Netflix Scurries to Stem Oscar Fallout From ‘Emilia Pérez’ Scandal
Feb 10, 2025, 12:31 PM
Netflix had thought the movie could deliver the company its first best picture award. But comments from its star have put it on the defense.
Musk suggests closer scrutiny of Fed as Powell prepares to face Congress
Feb 10, 2025, 11:04 AM
Billionaire Elon Musk suggested in a series of social media posts that the Fed should undergo closer scrutiny, making the comments just days before Fed Chair Jerome Powell is scheduled to testify on Capitol Hill.
Trump suggests US may have less debt than thought because of fraud
Feb 10, 2025, 10:50 AM
President Donald Trump spoke to reporters aboard Air Force One on Sunday and commented that the U.S. debt may be smaller than thought because of unspecified fraud.
Stock market today: Dow, S&P 500, Nasdaq bounce back as Trump tariff move buoys steelmakers
Feb 10, 2025, 9:30 AM
Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.
Donald Trump is simultaneously reworking the US trade landscape on 3 different fronts this week
Feb 10, 2025, 8:58 AM
This week Donald Trump could make trade moves on three simultaneous fronts as importers, CEOs, and foreign leaders struggle to adjust.
McDonald's misses the target with Q4 earnings as it looks to boost value perception in 2025
Feb 10, 2025, 10:33 AM
It was a quarter filled with an E. coli outbreak and tough weather; now McDonald's is eager to move the narrative forward.
Trump tariffs may trigger 'painful' stagflationary shock: Economist
Feb 10, 2025, 10:24 AM
Apollo Global Management chief economist Torsten Sløk sent a warning on the knock-on effects of tariffs by President Trump.
Court throws out car-buying transparency rule: What consumers should know
Feb 10, 2025, 9:42 AM
Experts explain why the U.S. Court of Appeals for the Fifth Circuit struck down a rule that they say could have help consumers save billions in the car buying process.
AI will help lower prices, but could be used by authoritarian governments, OpenAI CEO Sam Altman says
Feb 10, 2025, 9:32 AM
Open AI's Sam Altman indicates that artificial intelligence will lead to lower-priced goods in many cases, but says authoritarian governments could use AI for control
Trump takes aim at 'wasteful' government spending by ordering end to penny production
Feb 10, 2025, 9:29 AM
The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.
GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor
Feb 10, 2025, 9:09 AM
Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto.
Controversial Drax power station gets more government subsidies
Feb 10, 2025, 3:49 AM
The government has agreed a new subsidy arrangement with the controversial wood-burning Drax power station in north Yorkshire.
Hyatt to acquire Playa Hotels for $2.6B
Feb 10, 2025, 8:17 AM
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to expand its presence in Mexico and the Caribbean.
Lidl raises pay ahead of minimum wage rise
Feb 10, 2025, 7:20 AM
The supermarket says the rise will benefit about 28,000 employees as it becomes the latest chain to lift wages.
Trump says US may have less debt than thought because of fraud
Feb 9, 2025, 5:19 PM
(Reuters) -U.S. President Donald Trump on Sunday said his administration was examining U.S. Treasury debt payments for possible fraud and suggested that the country's $36 trillion debt load might not be that high. Speaking to reporters aboard Air Force One, Trump said administration officials who have been combing through payment records in an effort to identify wasteful spending have turned their attention to the debt payments that play a central role in the global financial system. "We're even looking at Treasuries," Trump said.
Stock market today: Dow, S&P 500, Nasdaq set to bounce back as Trump tariff move buoys steelmakers
Feb 10, 2025, 7:51 AM
Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.
TSMC Tempers Outlook on Quake Loss as AI Concerns Persist
Feb 10, 2025, 2:05 AM
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. said first-quarter sales are set to be at the lower end of its forecast range after several quakes affected production in January.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSLo
People now watch so many programs at so many different times in so many different ways that measuring viewership has become a hot debate in the industry.
After Trump’s DEI Order, Companies Navigate a Legal Minefield
Feb 10, 2025, 5:01 AM
Companies navigate a legal minefield as President Trump wages war on diversity programs, but they still have to guard against complaints of bias.
China Is at Heart of Trump Tariffs on Steel and Aluminum
Feb 10, 2025, 4:56 AM
Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.
Trump’s Second Term Requires a New Playbook for Equity Investors
Feb 9, 2025, 8:30 AM
(Bloomberg) -- President Donald Trump’s mercurial approach to his signature tariffs whipsawed markets last week. And investors trying to position their equity portfolios to manage this ongoing uncertainty are finding the playbook from his first term offers little help.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Ag
Trump tells Treasury to stop minting 'wasteful' pennies
Feb 10, 2025, 3:13 AM
The US President cites rising costs as the reason for discontinuing production of the one cent coin
'My rented flat's black mould is making my son ill'
Feb 10, 2025, 12:57 AM
Families tell BBC their mould-infested homes are making them ill - Panorama investigates.
What DeepSeek’s Success Tells Us About China’s Ability to Nurture Talent
Feb 10, 2025, 12:01 AM
China produces a vast number of STEM graduates, but it hasn’t been known for innovation. Cultural and political factors may help explain why.