Daily News Explorer
I.R.S. Fires 6,700 Employees Amid Tax Filing Season
Feb 20, 2025, 5:23 PM
The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.
Argentina's president gifted Elon Musk a chainsaw to symbolise cuts to bureaucracy.
Justice Dept. to Drop Discrimination Case Against Elon Musk’s SpaceX
Feb 20, 2025, 10:34 PM
The Justice Department had sued SpaceX in 2023, accusing the company of violating federal law by refusing to hire refugees and people granted asylum in the United States.
CEO confidence hits 3-year high amid optimism on labor market, economy
Feb 20, 2025, 10:45 AM
Chief executives haven't been this confident in their business outlook in three years.
Donald Trump toys with 'DOGE dividend' as Elon Musk's cost-cutting project continues to add new goals
Feb 20, 2025, 11:05 AM
President Donald Trump is embracing an idea for a "DOGE dividend," the latest example of how the administration continues to shift the goals of Elon Musk’s cost-cutting group.
What does Jack Ma's return to the public spotlight mean?
Feb 20, 2025, 6:58 PM
Analysts say the Alibaba founder's re-emergence could signal a policy change in Beijing.
Will quantum computers disrupt critical infrastructure?
Feb 20, 2025, 7:39 PM
Quantum computers will be able to crack existing encryption and threaten critical infrastructure.
Delta offers $30,000 to passengers onboard the flight that crashed in Toronto
Feb 20, 2025, 11:28 AM
Delta Air Lines said it would pay passengers onboard the Minneapolis-to-Toronto flight that crash-landed $30,000 a piece, with no strings attached.
Mercedes-Benz CEO signals potential for more US investment
Feb 20, 2025, 6:05 PM
Mercedes-Benz CEO Ola Källenius spoke to reporters after the company's quarterly earnings report and signaled the automaker is open to investing more in the U.S.
Stock futures are little changed after Thursday’s sell-off on Wall Street: Live updates
Feb 20, 2025, 6:01 PM
Thursday's retreat from recent highs sharply narrowed the S&P 500's weekly gain.
GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says
Feb 20, 2025, 4:10 PM
Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.
Stock market today: Dow slides 450 points, S&P 500 retreats from record as Walmart gives cautious outlook
Feb 20, 2025, 5:00 PM
Trump policy is in strong focus as tariffs and governmental cost cuts roll on.
Fed's Musalem urges caution before 'any further adjustments' in rates
Feb 20, 2025, 3:21 PM
St. Louis Fed president Alberto Musalem on Thursday became the latest central bank official to strike a note of caution, airing concerns about inflation amid talk of higher tariffs and changing immigration policies from the Trump administration.
Walmart stock drops as it posts Q4 earnings beat, cautious 2025 guidance
Feb 20, 2025, 9:11 AM
Investors are eager for Walmart's 2025 outlook to see if the momentum can continue.
Fox News, CNN and Other Outlets Urge White House to Drop AP Ban
Feb 20, 2025, 2:53 PM
Dozens of major news organizations, including some conservative outlets, urged the Trump administration to stop blocking The Associated Press from press events.
Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry
Feb 20, 2025, 1:53 PM
The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.
Amazon Gains Creative Control Over the James Bond Franchise
Feb 20, 2025, 11:41 AM
The British family that has for decades held complete control over everything involving the globe-trotting superspy is relinquishing it to Amazon.
A.I. Is Prompting an Evolution, Not an Extinction, for Coders
Feb 20, 2025, 10:13 AM
A.I. tools from Microsoft and other companies are helping write code, placing software engineers at the forefront of the technology’s potential to disrupt the work force.
Mortgage rates fall for fifth week in a row, hover near 7%
Feb 20, 2025, 1:36 PM
Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.
Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
Feb 20, 2025, 12:59 PM
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities sets off alarm.
Commerce secretary shares Trump's 'goal' to abolish the IRS
Feb 20, 2025, 11:46 AM
Howard Lutnick explains how the U.S. economy can be lifted up by ridding of the IRS, cutting taxes and focusing on tariff policy.
Trump Dismantles Government Fight Against Foreign Influence Operations
Feb 20, 2025, 11:51 AM
The Trump administration has reassigned or forced out several dozen government employees who had been working to fight foreign interference in U.S. elections at multiple agencies, according to current and former officials.
Palantir stock drops 10% after report Trump administration is eyeing large defense budget cuts
Feb 20, 2025, 10:20 AM
Palantir stock fell more than 10% again Thursday following a report the Trump administration is planning deep cuts to the defense budget.
Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
Feb 20, 2025, 11:10 AM
The Treasury set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a block on enforcement.
New FTC chair Andrew Ferguson previews Trump admin's plans for the agency
Feb 20, 2025, 10:26 AM
President Donald Trump's new Federal Trade Commission Chairman Andrew Ferguson outlined the new administration's plans for antitrust enforcement and regulation.
Chinese Hospital Bankruptcies Soar Amid Financial Strains
Feb 20, 2025, 10:24 AM
Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.
A.I. Is Changing How Silicon Valley Builds Start-Ups
Feb 20, 2025, 10:13 AM
Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Now artificial intelligence tools are making workers more productive and spurring tales of “tiny team” success.
Stock market today: S&P 500, Dow, Nasdaq slip as Walmart sinks on cautious outlook
Feb 20, 2025, 9:33 AM
Trump policy is in strong focus as tariffs and governmental cost cuts roll on.
Alibaba stock surges as Chinese tech giant touts 'robust' AI momentum
Feb 20, 2025, 9:40 AM
Alibaba stock surged Thursday after the company reported quarterly earnings ahead of Wall Street’s expectations and highlighted the results of its aggressive push into the artificial intelligence space.
Birkenstock sandals are not art, says German court
Feb 20, 2025, 9:15 AM
The firm wanted to claim protection under copyright law, to stop rivals selling copycat versions of its shoes.
A Trump DOGE Dividend Could Raise Inflation
Feb 20, 2025, 8:12 AM
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.
Stock market today: S&P 500, Dow, Nasdaq futures retreat as investors eye Walmart outlook
Feb 20, 2025, 8:06 AM
Trump policy is in strong focus as tariffs and governmental cost cuts roll on.
Trump says his administration will check Fort Knox 'to make sure the gold is there'
Feb 20, 2025, 8:09 AM
A drive to audit Fort Knox has gained steam recently from comments by Elon Musk on X.
Walmart gets boost from higher earners as it posts strong quarterly results
Feb 20, 2025, 7:34 AM
Walmart reported strong quarterly results, continuing to benefit from an increase in higher earners who were purchasing more groceries and discretionary items.
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
Feb 20, 2025, 7:37 AM
The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from the squeeze of stubborn inflation and risk of tariffs.
The market’s all-time highs come with a load of anxiety: Morning Brief
Feb 20, 2025, 6:00 AM
The S&P 500 notched another all-time high. But at the same time, the market mood isn't particularly great. For good reason.
Walmart posts Q4 profit beat as it gains high-income shoppers, but guides cautiously for 2025
Feb 20, 2025, 7:04 AM
Investors are eager for Walmart's 2025 outlook to see if the momentum can continue.
Backlash over energy standing charges shake-up
Feb 20, 2025, 7:05 AM
Charities and energy providers have criticised plans to change the way standing charges on gas and electricity bills are paid.
These housing markets were the hottest in January according to Realtor.com
Feb 20, 2025, 6:00 AM
The U.S. was home to plenty of lively housing markets in January, but several locales emerged as the hottest, according to Realtor.com.
Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
Feb 20, 2025, 5:02 AM
With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker.
A Strong Dollar Means Bargains for Americans Traveling Abroad
Feb 20, 2025, 5:02 AM
The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers.
Retail trader euphoria is a warning, says Morgan Stanley’s Slimmon
Feb 19, 2025, 6:01 PM
(Bloomberg) -- A flood of retail investor cash into the most speculative corners of the stock market should be a warning for US equity bulls, according to Morgan Stanley Investment Management’s Andrew Slimmon. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote
Car finance scandal: LLoyds earmarks £1.2bn for potential payouts
Feb 20, 2025, 4:02 AM
The banking group has more than tripled the amount it is setting aside, knocking its profits for the year.
I'm not happy with Boeing, Trump says over Air Force One
Feb 20, 2025, 1:21 AM
US president says he is looking for alternatives because Boeing is taking too long to build new planes