Daily News Explorer
Costco, Walmart are appealing to wealthy shoppers
Feb 24, 2025, 1:47 PM
Walmart and Costco have touted that they are appealing to a more affluent shopper. Walmart has steadily been growing its appeal to higher earners for years.
Jen Psaki Gets Nightly Prime-Time Show at MSNBC
Feb 24, 2025, 1:20 PM
The change is part of a broad shake-up at the network, including the cancellation of Joy Reid’s program.
Stock market today: Dow leads gains, S&P 500, Nasdaq mixed as tech lags
Feb 24, 2025, 1:04 PM
Stocks are eyeing a rebound as investors eye tariff risks to Nvidia in the countdown to its earnings
Starbucks to lay off 1,100 employees this week as CEO aims to deliver on turnaround
Feb 24, 2025, 8:55 AM
Starbucks announced it will eliminate about 7% of corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan.
Elon Musk's DOGE is sending 'shockwaves' through the Pentagon, ex-DOD insider says
Feb 24, 2025, 11:42 AM
Navy nuclear engineer Steve Simoni predicts DOGE's impending DoD audit will uncover "all kinds of wasteful spending" amid the Pentagon's need to modernize to keep pace with China.
Starbucks to Lay Off 1,100 Corporate Workers
Feb 24, 2025, 11:47 AM
The jobs cuts, which will affect about 7 percent of the chain’s non-retail staff, are part of its new chief executive’s plan to win back customers.
Starbucks axes some drinks and staff in bid for US turnaround
Feb 24, 2025, 11:32 AM
Menu items getting the axe in the US include the Royal English Breakfast Latte.
Apple commits to 'largest ever' $500bn US investment
Feb 24, 2025, 10:20 AM
The iPhone giant's $500bn investment plan includes a new factory in Texas, as well as money spent on suppliers.
Lion King visual effects firm Technicolor on brink of collapse
Feb 24, 2025, 10:20 AM
The company's UK entity has filed for administration, with staff told to stay home.
Stock market today: Dow, S&P 500, Nasdaq edge higher with Nvidia earnings in sight
Feb 24, 2025, 9:33 AM
Stocks are eyeing a rebound as investors eye tariff risks to Nvidia in the countdown to its earnings
Starbucks to lay off over 1,000 corporate workers
Feb 24, 2025, 9:04 AM
Starbucks announced it was laying off over 1,000 corporate workers as it tries to simplify operations as part of its "Back to Starbucks" turnaround plan.
Why is Ukraine negotiating a minerals deal with the US?
Feb 24, 2025, 8:37 AM
A minister says nearly all key details have been finalised for a deal giving the US access to the country's minerals.
Berkshire shares rise on surge in operating earnings, but questions linger about cash
Feb 24, 2025, 8:48 AM
The conglomerate's operating profit — earnings from the company's wholly-owned businesses — skyrocketed 71% to $14.5 billion in the fourth quarter.
Here's why Trump tariffs may raise your car insurance premiums
Feb 24, 2025, 8:11 AM
If they take effect, tariffs are expected to raise costs for insurers to repair or replace cars, meaning higher premiums for auto insurance.
Pushback to Latest DOGE Demand May Signal Limits for Elon Musk
Feb 24, 2025, 7:54 AM
Pushback against Elon Musk’s latest demand to government employees reveals potential limits to his harsh approach to management and cost-cutting.
Virgin Media down: Firm apologises as thousands report outage
Feb 24, 2025, 7:40 AM
The internet giant says it is aware customers are experiencing problems and is working to fix them.
Apple announces $500 billion US investment in bet 'on the future of American innovation'
Feb 24, 2025, 6:01 AM
Apple said Monday it would invest $500 billion in the US over the next four years and add 20,000 new jobs focused on engineering and AI.
Canadian businesses already feeling impact of Trump's tariff threats
Feb 24, 2025, 5:30 AM
The White House says the steel and aluminum industries have been harmed by unfair trade practices. Canadian officials don't agree.
Stock market today: Dow, S&P 500, Nasdaq futures point higher with Nvidia earnings in sight
Feb 24, 2025, 5:57 AM
A slump in major gauges last week sees futures bounce back on open with a strong week of earnings and market data release ahead.
Corporate America Is Not Raring to Return to Russia if Trump Lifts Sanctions
Feb 24, 2025, 5:01 AM
The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.
Alibaba plans to spend $53 billion on AI in a major pivot
Feb 24, 2025, 2:19 AM
(Bloomberg) -- Alibaba Group Holding Ltd. pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure such as data centers over the next three years, a major commitment that underscores the e-commerce pioneer’s ambitions of becoming a leader in artificial intelligence.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb
Microsoft Cancels Leases for AI Data Centers, Analyst Says
Feb 24, 2025, 1:41 AM
(Bloomberg) -- Microsoft Corp. has begun canceling leases for a substantial amount of datacenter capacity in the US, a move that may reflect concerns about whether it’s building more AI computing than it will need over the long term, TD Cowen said in a report.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Ho
India-UK: Jonathan Reynolds in Delhi to relaunch trade talks
Feb 24, 2025, 1:59 AM
British trade secretary Jonathan Reynolds is in Delhi to kick-start two days of discussions on the deal.
Trump Targets China With Biggest Salvo So Far in Second Term
Feb 23, 2025, 11:36 PM
(Bloomberg) -- The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New Y