Daily News Explorer
US consumer sentiment plunges on worries over prices from inflation and tariffs
Feb 21, 2025, 8:21 PM
Consumer sentiment plunged more than expected in February while households' expectations about inflation surged amid uncertainty over the impact of President Trump's economic plans.
Ofgem demand action from energy firms over back billing
Feb 21, 2025, 8:15 PM
The energy regulator is demanding to know how many people have been sent back bills.
Patsy Grimaldi, Whose Name Became Synonymous With Pizza, Dies at 93
Feb 21, 2025, 6:33 PM
His coal-oven pizzeria in the shadow of the Brooklyn Bridge has drawn patrons from New York City and beyond.
'The tariffing is going to be interesting': Donald Trump caps off a week of tariff threats
Feb 21, 2025, 5:20 PM
Donald Trump capped off a week of trade threats from the Oval Office even as evidence grew that Americans are wary that new duties could be reflected in their prices.
Wall Street giant Morgan Stanley eases diversity emphasis in annual report
Feb 21, 2025, 5:21 PM
The report omitted the bank's past statement that "a diverse and inclusive workforce is important to Morgan Stanley's continued success." Instead, the report now says: "meritocracy is at the heart of Morgan Stanley's talent development" and "a workforce that represents the societies in which we live and work, and our global client base, is integral to Morgan Stanley's continued success." Several corporate giants have been softening their diversity commitments amid a push by Trump to dismantle diversity, equity and inclusion (DEI) programs in the federal government and the private sector.
Why banks are flying gold bars on commercial flights from London to NYC
Feb 21, 2025, 3:58 PM
Economic uncertainty surrounding the U.S. outlook and President Donald Trump's tariff plans have prompted banks to fly gold bars from London to New York City.
Do Elon Musk and His Father Get Along?
Feb 21, 2025, 3:21 PM
Errol Musk questioned his son’s parenting ability on a podcast, but said that his comments had been taken out of context and that they were on good terms.
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
Feb 21, 2025, 2:39 PM
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.
Stock market today: Dow, S&P 500, Nasdaq sink as consumers start to sour on US economy
Feb 21, 2025, 2:45 PM
Poor earnings results and a slump in the major gauges leave the weekend uncertain as futures hug the flatline.
Meta approves bonuses of up to 200% for company execs as it lays off workers
Feb 21, 2025, 1:35 PM
Meta, the parent company of Facebook and Instagram, announced that it approved a change to its bonus policy for executives other than the CEO that will raise payouts from 75% to 200%.
Coinbase boss claims SEC will drop crypto lawsuit
Feb 21, 2025, 12:00 PM
The SEC's 2023 lawsuit formed part of a crackdown on crypto firms which President Trump pledged to reverse.
Inflation fears surge in February as consumer sentiment plunges over tariff uncertainty
Feb 21, 2025, 11:47 AM
A rising number of Americans are anxious about the state of the US economy as fears over Trump's trade policy boost inflation expectations.
Why the Price of Gold Keeps Going Up
Feb 21, 2025, 11:09 AM
The precious metal, considered a haven asset, is usually sought out by investors during times of turmoil.
When They Stop Selling Your Favorite Thing
Feb 21, 2025, 11:00 AM
Shoppers are going online to pay dearly for discontinued items, from the perfect lip pencil to Tab.
Chili's slimmed-down menu is winning, CEO says
Feb 21, 2025, 9:47 AM
Chili's has been working to reinvent itself over the past three years since Kevin Hochman, CEO of Chili's parent Brinker International, took the helm in 2022.
Apple pulls data protection tool after UK government security row
Feb 21, 2025, 10:02 AM
Customers' photos and documents stored online will no longer be protected by end to end encryption.
Stock market today: Dow retreats as UnitedHealth sinks, S&P 500 and Nasdaq aim for winning week
Feb 21, 2025, 10:59 AM
Poor earnings results and a slump in the major gauges leave the weekend uncertain as futures hug the flatline.
Scotch makers condemn English single malt whisky proposal
Feb 21, 2025, 8:53 AM
Scottish distilleries and MPs claim England's methods would damage the reputation of single malt.
Fed officials flag rising inflation risks amid uncertainty over Trump policies, tariffs
Feb 21, 2025, 8:19 AM
Federal Reserve officials cautioned that uncertainty over the impact of President Trump's tariffs and immigration policies could impact the outlook for curbing inflation.
Coinbase Says S.E.C. Will Drop Crypto Lawsuit
Feb 21, 2025, 8:25 AM
The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.
DOJ probes UnitedHealth's Medicare billing practices, WSJ reports; shares tumble
Feb 21, 2025, 8:06 AM
Shares of the company fell nearly 10% in premarket trading. Shares of other health insurers also fell before the bell. The new civil fraud investigation is examining UnitedHealth's practices for recording diagnoses that trigger extra payments to its Medicare Advantage plans, including at physician groups the insurance giant owns, the report added.
St Pancras plans for direct trains from UK to Germany
Feb 21, 2025, 7:00 AM
The London station's owner and Eurotunnel hope to expand routes to Cologne, Frankfurt and Switzerland.
Nvidia earnings aren’t make-or-break for the whole market anymore: Morning Brief
Feb 21, 2025, 6:00 AM
There's no doubt that the world's second-most valuable stock is important. But the AI harbinger has taken on a different role of late as other stocks have supplanted the "Magnificent Seven" as the engine of this year's gains.
The stock market may not have priced in potential disruptions from Trump's policies yet
Feb 21, 2025, 6:00 AM
Wall Street strategists argue that the market may still be underpricing the risk of broad tariffs from the Trump administration.
Universal’s Theme Parks, Long in Disney’s Shadow, Expand at Dizzying Pace
Feb 21, 2025, 6:00 AM
Universal is going after Disney, the industry leader, with new parks in Florida and Texas: “We want people to think of us first.”
DeepSeek Promises to Share Even More AI Code in a Rare Step
Feb 21, 2025, 4:57 AM
(Bloomberg) -- Chinese AI sensation DeepSeek plans to release key codes and data to the public starting next week, an unusual step to share more of its core technology than rivals such as OpenAI have done.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Targets $128 Billion California High-Speed Rail ProjectChild Migrant Watchdog Gutted in
DeepSeek to share some AI model code, doubling down on open source
Feb 21, 2025, 4:45 AM
Chinese startup DeepSeek will make its models' code publicly available, it said on Friday, doubling down on its commitment to open-source artificial intelligence. The company said in a post on social media platform X that it will open source 5 code repositories next week, describing the move as "small but sincere progress" that it will share "with full transparency." DeepSeek rattled the global AI industry last month when it released its open-source R1 reasoning model, which rivaled Western systems in performance while being developed at a lower cost.
When Germany Votes, It Will Be About the Economy
Feb 21, 2025, 5:02 AM
The country’s competitiveness has stagnated and its once-powerful industries are suffering. Just ask these executives.
Profits, Not D.E.I., Are Why Companies Exist
Feb 21, 2025, 5:02 AM
An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.
Stock market today: Dow, S&P 500, Nasdaq futures hug flatline after Walmart warning sparks slide
Feb 21, 2025, 4:40 AM
Poor earnings results and a slump in the major gauges leave the weekend uncertain as futures hug the flatline.
Rivian posts $170 million 'gross profit' in Q4, sees losses decreasing as variable costs improve
Feb 21, 2025, 4:51 AM
Rivian reported strong fourth quarter results after the bell on Thursday and came through on its goal of posting a "gross profit" for the quarter, with a smaller than expected full-year 2024 EBITDA loss to boot.
Government finances in surplus but miss forecasts
Feb 21, 2025, 2:35 AM
The state collected more in tax than it spent in January but the figures fell short of forecasts.