Daily News Explorer
Germany’s car industry crisis - this is what may fix it
Feb 11, 2025, 7:33 PM
With the economy a key factor in German elections this month, can the auto sector get back on the road to recovery?
Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market
Feb 11, 2025, 11:30 PM
Baidu plans to release the next generation of its model for powering generative AI applications in the second half of this year, according to a source familiar with the matter.
Coca-cola says it could use more plastic due to Trump tariffs
Feb 11, 2025, 11:27 PM
Beverage giant's boss says his company may need to action if aluminium cans become more expensive.
Her parents were injured in a Tesla crash. She ended up having to pay Tesla damages
Feb 11, 2025, 8:43 PM
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes don’t work! Stunned, Zhang gazed at the deflating airbag in front of her. A Chinese court ordered Zhang to pay more than $23,000 in damages and publicly apologize to the $1.1 trillion company.
Trump wants to end penny production; will it affect consumers?
Feb 11, 2025, 7:03 PM
President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.
Law firm restricts AI after 'significant' staff use
Feb 11, 2025, 7:04 PM
The chief technology officer of Hill Dickinson warned of the use of AI tools.
Next ad banned as pose made model look too thin
Feb 11, 2025, 7:01 PM
The advertising watchdog says it was "irresponsible" to emphasise the thinness of the model's legs.
Goldman Sachs axes diversity rule that has 'served its purpose'
Feb 11, 2025, 7:01 PM
The bank ditches a policy that stopped it acting on flotations for firms with an all male, all white board.
January CPI report expected to show headline inflation eased slightly amid rate cut debate
Feb 11, 2025, 4:23 PM
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
Feb 11, 2025, 6:09 PM
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.
Stock futures are little changed as traders brace for January consumer inflation report: Live updates
Feb 11, 2025, 6:02 PM
Traders were on guard after Federal Reserve Chair Jerome Powell said on Tuesday that the central bank is in no hurry to lower interest rates further.
Newman: 3 new warning signs for Trump
Feb 11, 2025, 12:45 PM
Business owners and consumers are starting to sour on Trump's economic plans. Will he notice?
The goods facing higher prices from Donald Trump's US tariffs
Feb 11, 2025, 5:34 PM
Donald Trump's plans for tariffs risk raising prices for items from cars to canned food.
Heathrow to expand two terminals ahead of third runway
Feb 11, 2025, 5:23 PM
The chief executive of the UK's largest airport will unveil plans to develop terminals two and five.
Powell pushes back on Musk/DOGE, says Fed 'overworked,' not 'overstaffed'
Feb 11, 2025, 4:52 PM
Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more "overworked" than "overstaffed" in pushback against Elon Musk.
Ford CEO says tariffs could 'blow a hole' in US auto industry
Feb 11, 2025, 4:24 PM
Ford CEO Jim Farley said at an analyst conference that while President Trump wants to help automakers, his Canada and Mexico tariffs could "blow a hole" in the U.S. auto industry.
Powell predicts a time when mortgages will be impossible to get in parts of US
Feb 11, 2025, 2:08 PM
A growing property insurance crisis may make it hard to get a mortgage in parts of the country in the coming decades, Federal Reserve Chairman Jerome Powell said Tuesday in testimony before Congress.
Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Feb 11, 2025, 4:59 PM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
What to Know About the Anti-Bribery Law Trump Is Targeting
Feb 11, 2025, 4:02 PM
Federal prosecutors and securities regulators have gone after large companies for violations of the Foreign Corrupt Practices Act, which prohibits them from bribing foreign officials.
Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Feb 11, 2025, 4:59 PM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
China's BYD links up with DeepSeek in an AI threat to Tesla
Feb 11, 2025, 1:35 PM
Chinese automaker BYD inked a deal with DeepSeek in order to co-develop new autonomous technology, in a threat to automakers like Tesla.
Uncertainty grows among still-optimistic small business owners, survey finds
Feb 11, 2025, 2:13 PM
Uncertainty grew among American small business owners in January while optimism remained high, according to a new survey from the National Federation of Independent Business.
Fed Chair Powell: 'I believe' Treasury payment system is safe
Feb 11, 2025, 12:30 PM
Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.
Ken Griffin says Trump's 'bombastic' trade rhetoric is a mistake that's eroding trust in the U.S.
Feb 11, 2025, 1:01 PM
The billionaire hedge fund founder's comments came after Trump on Monday evening signed an order that would impose 25% tariffs on steel and aluminum imports.
Egg purchase restrictions take effect at more major US grocery stores
Feb 11, 2025, 12:45 PM
A growing number of grocers have been placing limits egg purchases as shortages persist due to the highly pathogenic avian influenza, also known as bird flu.
Powell squashes the possibility that the Fed will develop its own digital currency
Feb 11, 2025, 12:31 PM
Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
Trump halts prosecution of firms accused of bribery abroad
Feb 11, 2025, 12:02 PM
Trump has paused enforcement of an anti-corruption law, saying it "overreached" and stopped US firms from winning business overseas.
Can Bed Bath & Beyond pull off a comeback?
Feb 11, 2025, 10:36 AM
Bed Bath & Beyond is making a comeback to stores thanks to a $25 million investment deal with Kirkland's. Industry experts are still questioning whether the brand will survive.
Dominari Holdings shares surge 30% after Donald Trump Jr. and Eric Trump join advisory board
Feb 11, 2025, 10:37 AM
Donald Trump Jr. and Eric Trump participated in a recent private placement in the holding company.
CFPB heads of supervision and enforcement announce resignations after stop-work order
Feb 11, 2025, 10:27 AM
The resignations add further to uncertainty at the CFPB, which has been targeted by trade groups and conservatives for years.
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Feb 11, 2025, 10:00 AM
Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI
Feb 11, 2025, 10:06 AM
Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
Feb 11, 2025, 9:59 AM
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
'We do not need to be in a hurry': Powell reiterates cautious Fed rate stance with US lawmakers
Feb 11, 2025, 10:00 AM
Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation and policy uncertainties from the new Trump administration.
Watch Fed Chair Powell testify live before the Senate Banking Committee
Feb 11, 2025, 9:45 AM
Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.
Stock market today: Dow, S&P 500, Nasdaq slip as Trump's tariffs and inflation prey on minds
Feb 11, 2025, 9:33 AM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
Stock market today: Dow, S&P 500, Nasdaq futures slip as Trump's tariffs and inflation prey on minds
Feb 11, 2025, 7:59 AM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.
Convenience chain Kum & Go rebranding dozens of locations in several states
Feb 11, 2025, 8:12 AM
Kum & Go convenience stores across the U.S. are being rebranded to Maverik following the acquisition of the 1959-founded company in 2023. Several states are slated to be next.
Europe Vows to Respond to Trump’s Tariffs, but Holds Back on Details
Feb 11, 2025, 8:01 AM
European leaders have said that they will respond firmly to higher levies on steel and aluminum, but they have yet to say what that retaliation will look like.
How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
Feb 11, 2025, 6:36 AM
The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to higher prices.
Fed Chair Faces Lawmakers at a Critical Juncture
Feb 11, 2025, 5:02 AM
Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
A First Timer’s Guide to Skiing in Japan
Feb 11, 2025, 5:00 AM
Don’t expect raucous party scenes or over-the-top après-ski. In Japan, it’s all about the snow. Here’s a primer on where to go, stay and eat.
Silicon Valley is Embracing Christianity (With the Help of Peter Thiel)
Feb 11, 2025, 5:00 AM
When tech luminaries talk about their Christian faith, people listen.
UK will not immediately respond to Donald Trump's metal tariffs
Feb 11, 2025, 6:24 AM
"Cool heads" are needed to avoid escalating trade tensions with Donald Trump, sources have told the BBC.
EU says Trump's 'unjustified' tariffs 'will not go unanswered'
Feb 11, 2025, 5:58 AM
European Commission President Ursula von der Leyen said she would impose "firm and proportionate" measures against the U.S. in response to President Trump's tariffs on imports of steel and aluminum.
PETER NAVARRO: It's a new golden age for American steel and aluminum
Feb 11, 2025, 6:00 AM
President Donald Trump has signed two new proclamations to restore and strengthen the Section 232 tariffs he boldly implemented in 2018.
What would be the impact of a credit card interest rate cap?
Feb 11, 2025, 6:00 AM
New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.
AI chatbots unable to accurately summarise news, BBC finds
Feb 11, 2025, 5:33 AM
The BBC's head of news and current affairs says the developers of the tools are "playing with fire."
The most important number for the stock market right now: Morning Brief
Feb 11, 2025, 6:00 AM
Non-tech investors interested in AI and its effect on the stock market need only look for one clear warning sign: any cuts in AI spending by the hyperscalers.
Steel and Aluminum Tariffs May Raise US Manufacturing Costs
Feb 11, 2025, 5:02 AM
Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.
Donald Trump's reciprocal tariff plans could hit some US allies hard
Feb 11, 2025, 4:00 AM
Donald Trump's focus this week on reciprocal tariffs could upend US trading relationships around the globe, with some close allies likely to see an increase in duties.
The start of Trump 2.0 is not quite what Wall Street expected
Feb 11, 2025, 4:00 AM
Some big Wall Street firms are facing new complications that were not part of the plan when Donald Trump was elected in November.
Trump tariffs: Retaliate or negotiate - what will US partners do next?
Feb 11, 2025, 3:23 AM
US steel suppliers have just over a month to decide how to respond before the new tariffs take effect.
BP profits drop as it says it will reset strategy
Feb 11, 2025, 2:31 AM
The oil giant is widely expected to say it will scale back on renewables later this month.
Italy's UniCredit posts fourth-quarter profit beat, raises shareholder returns
Feb 11, 2025, 1:25 AM
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.