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Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump
The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week
January 17, 2025Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
The suit claims Biden's actions were in part politically motivated.
January 06, 2025Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result
January 14, 2025
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January 17
IRS Commissioner says he'll step down on Trump's Inauguration Day
IRS Commissioner Daniel Werfel says he intends to step down from his position on President-elect Donald Trump’s Inauguration Day
January 17
January 17
Suit accuses Pepsi company of price discrimination
A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer
January 17
January 17
Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump
The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week
January 17
January 17
Tech giants warm up to Trump after warnings about climate change
Can big tech maintain climate commitments and their bottom lines under Trump?
January 17
January 17
Capital One dealing with service disruption, mostly related to deposits
A service disruption continues to hamper customers of Capital One, with some frustrated that they are unable to see their deposits
January 17
January 17
Few know Shalanda Young. But she saved the US from the kinds of economic crises Trump now faces
Few Democrats found ways to negotiate with Republicans quite like Shalanda Young — whose work as White House budget director stopped several potential economic crises from erupting
January 17
January 17
How Trump's political and business interests will intersect in the White House
As he assumes the presidency for a second time, Donald Trump brings with him a broad expanse of business relationships and financial entanglements
January 17
January 16
China's population falls for a third straight year, posing challenges for its government and economy
China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support...
January 16
January 16
China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth
January 16
January 16
How major US stock indexes fared Thursday, 1/16/2025
U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies
January 16
January 16
Labor Department puts spotlight on child labor in slaughterhouses with 3 settlements this week
The problem of kids working in dangerous slaughterhouses continues to be a concern as the Labor Department announced its third agreement this week with a company in the industry agreeing to pay a penalty and reform its practices to help ensure it won’t...
January 16
January 16
Average rate on 30-year mortgage hits 7%, its fifth straight increase
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months
January 16
January 16
Toyota's truck division Hino to pay $1.6 billion as part of emissions scandal
A Toyota subsidiary has agreed to pay more than $1.6 billion and plead guilty for violations related to the submission of false and fraudulent engine emission testing and fuel consumption data to regulators and the illicit smuggling of engines into the...
January 16
January 16
US defense contractor to build 4,000-worker advanced manufacturing facility in Ohio
U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio
January 16
January 16
US retail sales rose modestly last month amid solid holiday shopping
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop
January 16
January 16
BP cutting 4,700 jobs worldwide as part of cost-saving drive
U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive
January 16
January 16
More Americans file for unemployment benefits, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy
January 16
January 16
UnitedHealth books better-than-expected fourth-quarter profit
UnitedHealth posted a better-than-expected profit in the final quarter of 2024, but revenue fell short as challenges like Medicare funding cuts and a Medicaid enrollment drop hurt
January 16
January 16
January 15
Founder of muckraking financial information firm Hindenburg Research calls it quits
The founder of the muckraking financial research firm Hindenburg Research says he is disbanding the organization after finishing the work it set out to do
January 15
January 15
Treasury nominee plans to say at confirmation hearing that Trump will unleash 'economic golden age'
U_S_ Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”
January 15
January 15
$1.8 billion isn't missing after all in South Carolina, questions remain about error
It turns out that $1.8 billion wasn’t just sitting in a bank account in South Carolina waiting to be spent
January 15
January 15
New Mexico state spending plan seeks more federal Medicaid dollars as Donald Trump takes office
New Mexico legislative leaders are recommending a 5.7% general fund spending increase for the coming fiscal year
January 15
January 15
Perdue agrees to pay $4 million after children worked hazardous jobs, Labor Department says
The U.S. Labor Department says Perdue Farms will pay $4 million in restitution after it employed children in hazardous occupations in Virginia
January 15
January 15
How major US stock indexes fared Wednesday, 1/15/2025
U.S. stocks ripped higher after an encouraging update on U.S. inflation
January 15
January 15
How TikTok can still avoid a ban, according to experts
Ban is set to take effect this week, unless TikTok cuts ties with parent firm.
January 15
January 15
US government sues Southwest Airlines and fines Frontier for chronically delayed flights
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines
January 15
January 15
NHTSA closes preliminary investigation into General Motors' Cruise robotaxis
U.S. automobile safety regulators are closing their preliminary investigation into General Motors’ Cruise robotaxis without taking further action
January 15
January 15
Inflation report shows upsurge days before Trump takes office
Consumer prices rose 2.9% in December compared to a year ago, extending a resurgent bout of inflation days before President-elect Donald Trump takes office. ABC News’ Alexis Christoforous reports.
January 15
January 15
Bloomberg reports that Meta will lay off 5% of staff
News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them
January 15
January 15
These food prices are falling, even as inflation climbs
Prices rose 2.9% in December compared to a year ago.
January 15
January 15
Can AI help us understand animals and reconnect with nature? A research lab thinks so
A nonprofit research lab is getting attention from some wealthy tech philanthropists
January 15
January 15
JPMorgan posts record annual profits as US banks thrive in final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year
January 15
January 15
SEC sues Elon Musk over Twitter acquisition
The SEC sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in 2022.
January 15
January 15
Edmunds highlights the top car-tech trends from CES 2025
CES in Las Vegas provides an annual preview of high-tech attractions headed for the car world
January 15
January 15
Italy, Albania and UAE ink clean energy cooperation deal
Italy, Albania and the United Arab Emirates have signed a three-way clean energy cooperation deal
January 15
January 15
Germany's economy shrank for the second consecutive year in 2024
The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery
January 15
January 15
Germany's statistics office says the country's economy shrank by 0.2% in 2024 in second consecutive year of decline
Germany's statistics office says the country's economy shrank by 0.2% in 2024 in second consecutive year of decline
January 15
January 15
Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?
In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc
January 15
January 15
UK inflation unexpectedly eases in December, which could reduce bond markets pressure
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month
January 15
January 15
Russian missile attack forces Ukraine to shut down power grid
Ukrainian officials say Russia has launched a major ballistic and cruise missile attack on regions across Ukraine
January 15
January 14
Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges
The SEC alleges Musk violated federal securities laws in a new lawsuit.
January 14
January 14
US inflation likely remained sticky-high last month, threatening interest rate cuts
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year
January 14
January 14
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result
January 14
January 14
USDA documented insects and slime at Boar's Head plants, records show
U.S. food inspectors documented unsanitary conditions at several Boar's Head deli meat plants, not just the Jarratt, Virginia, factory that was shut down last year
January 14
January 14
Court tells SEC to lay out why it has declined Coinbase's request for crypto regulations
A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector
January 14
January 14
Jack Daniels' parent Brown-Forman is cutting its workforce and closing its barrel-making plant
Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville
January 14
January 14
Insurers could lose $30 billion from LA wildfires: Report
Analysts at Wells Fargo and Goldman Sachs said the total cost, including non-insured damages, could top $40 billion.
January 14
January 14
Los Angeles fire losses could reach $30 billion for insurers
This is the "costliest wildfire event in California history."
January 14
January 14
The tax deadline for some small businesses affected by disasters in 2024 is drawing near
The tax deadline for some small businesses affected by severe weather in 2024 is drawing near, the IRS is reminding owners
January 14