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S&P 500 Rallies Amid Cooling Inflation and Strong Bank Earnings

Jan 16, 2025 01:58 am UTC| Business Investing

The SP 500 surged on Wednesday as easing inflation and robust quarterly results from major banks lifted market sentiment. The Dow Jones gained 1.7%, the SP 500 climbed 1.8%, and the NASDAQ soared 2.5%. Inflation data...

Big Tech Leaders, Including Sundar Pichai and Tim Cook, to Attend Trump Inauguration

Jan 16, 2025 01:17 am UTC| Technology Business Politics

Alphabet CEO Sundar Pichai and other Big Tech leaders are set to attend U.S. President-elect Donald Trumps inauguration on Monday, sources told Reuters. Tim Cook, CEO of Apple, is also confirmed to be present, as reported...

Apple Explores New Credit Card Partners as Goldman Sachs Reevaluates Deal

Jan 16, 2025 01:15 am UTC| Technology Business Investing

Apple Inc. (NASDAQ:AAPL) is reportedly in talks with Barclays (NYSE:BCS) and Synchrony Financial (NYSE:SYF) to replace Goldman Sachs Group Inc. (NYSE:GS) as its credit card partner, according to Reuters. Discussions with...

UK Water Companies See Investment Risk Decline After Regulatory Decision

Jan 15, 2025 10:13 am UTC| Investing Business

Investment risks for UK-listed water companies have significantly reduced following a key regulatory update, according to Morgan Stanley analysts. The decision allows water bills in England and Wales to rise more than...

U.S. Tightens Chip Export Rules, Targeting China Amid Rising Tensions

Jan 15, 2025 09:57 am UTC| Investing Business

The U.S. is ramping up efforts to limit the export of advanced semiconductor chips to China, according to Bloomberg. New regulations aim to push manufacturers like TSMC, Samsung, and Intel to scrutinize customers for ties...

How Do Online Casino Loyalty Programs Work?

Jan 15, 2025 09:45 am UTC| Business

Casino loyalty programs are everywhere, offering perks to reward your time and money. With so many options, it can be tough to figure out which one fits your playing style best. These programs have become a big part of...

Surge in U.S. RedNote Users Ahead of TikTok Ban

Jan 15, 2025 09:43 am UTC| Entertainment Business

RedNote, a Chinese social media app, has seen a massive surge in U.S. downloads ahead of a proposed TikTok ban. Over 700,000 new users joined in just two days, according to sources. Dubbed Xiaohongshu in China, RedNote...

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Economy

Holiday Economic Questions: What Bank of America Says You Should Expect

Bank of America economist Aditya Bhave says this years holiday gatherings may bring more than cold weatherthey may spark tough conversations about inflation, housing, interest rates, and the broader U.S. economy. In a...

Russia Stocks Close Flat as MOEX Hits 1-Month High

Russian equities ended Saturdays session flat, with the MOEX Russia Index holding steady and touching a fresh one-month high despite muted market activity. Investors saw little movement across major sectors, as several key...

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

Politics

Southwest Airlines Has $11 Million Fine Waived as USDOT Cites Operational Improvements

The U.S. Transportation Department has waived an $11 million penalty previously imposed on Southwest Airlines, finalizing the airlines $140 million settlement tied to its massive December 2022 holiday travel disruption....

U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform

A growing rift between the United States and Europe deepened after the European Union issued a $140 million fine against Elon Musks social media platform X under the Digital Services Act. The penalty, which EU regulators...

Trump Signs Executive Order to Strengthen U.S. Food Supply Chain Security

U.S. President Donald Trump has issued a new executive order aimed at strengthening the nations food supply chain by targeting potential risks linked to price fixing, market manipulation, and anti-competitive practices....

Boeing Executive Says Trump’s Equity Stake Plan Won’t Target Major Defense Contractors

Boeing Defense, Space Security CEO Steve Parker clarified that President Donald Trumps proposal for the U.S. government to take equity stakes in strategic industries is not aimed at major defense contractors. Speaking at...

Zelenskiy Describes “Substantive” Call With Trump Envoys as Ukraine, U.S. Explore Peace Path

Ukrainian President Volodymyr Zelenskiy said on Saturday that he held a long and substantive phone call with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, emphasizing that...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise

Elon Musk has publicly refuted recent media claims suggesting that SpaceX is seeking to raise new capital at an $800 billion valuation. In a post shared on X, Musk clarified that the reports circulating online were...

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...