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Today: February 07, 2025
Today: February 07, 2025

Economy

Business|Economy|Opinion|Political|Technology

Efficiency − or empire? How Elon Musk’s hostile takeover could end government as we know it

Granting tech leaders direct control over government functions fundamentally alters the relationship between private power and public governance.

Efficiency − or empire? How Elon Musk’s hostile takeover could end government as we know it
Business|Economy|Europe|Finance|Political

Central banks grapple with uncertainty in 2025's foggy economic landscape

The first central bank interest rate moves of 2025 suggest it will be a year where some important heavyweights, in both the developed and emerging

Central banks grapple with uncertainty in 2025's foggy economic landscape
Arts|Business|Economy|Education|Entertainment

A Stradivari violin made in 1714 sells for $11.3M at auction

A violin made in 1714 by the legendary luthier Antonio Stradivari has sold for $11.3 million at an auction in New York, short of estimates that would have made it the most expensive instrument ever sold at auction

A Stradivari violin made in 1714 sells for $11.3M at auction
Business|Economy|Finance|Stock Markets|Technology

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake

Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a stake worth about

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake
Americas|Business|Economy

Brazil's trade surplus misses estimates in January with 65% drop, imports surge

Brazil's trade surplus plummeted 65.1% in January compared to the same month last year, official data showed on Friday, as imports rose by double digits while exports fell.

Brazil's trade surplus misses estimates in January with 65% drop, imports surge
Business|Economy|US

US drillers add oil and gas rigs for second week in a row, Baker Hughes says

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its

US drillers add oil and gas rigs for second week in a row, Baker Hughes says
Economy|Political|US

Democrats ask for an investigation into DOGE's access to Treasury's payment systems

Democratic lawmakers are seeking a Treasury Department investigation of the access that Elon Musk’s team was given to the government’s payment system

Democrats ask for an investigation into DOGE's access to Treasury's payment systems
Business|Economy|Europe|Political|World

Zelenskiy says 'Let's do a deal', offering Trump mineral partnership, seeking security

Ukrainian President Volodymyr Zelenskiy pored over a once-classified map of vast deposits of rare earths and other critical minerals during an

Zelenskiy says 'Let's do a deal', offering Trump mineral partnership, seeking security
Business|Economy|Election|Finance|Political|Stock Markets|US

Trump says Nippon Steel will invest in US Steel, not buy it

U.S. President Donald Trump said Nippon Steel's $14.9 billion bid for U.S.

Trump says Nippon Steel will invest in US Steel, not buy it
Asia|Business|Economy|Political|US

Trump says he wants to reduce trade deficit with Japan

U.S.

Trump says he wants to reduce trade deficit with Japan
Business|Economy|Political|US

Trump pauses de minimis repeal as packages pile up at US customs

U.S.

Trump pauses de minimis repeal as packages pile up at US customs
Economy|Finance|Political|US

Fed officials see healthy jobs market, no rate-cut rush

Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump's policies will affect economic growth and

Fed officials see healthy jobs market, no rate-cut rush
Business|Economy|Political|US

US government added 9,000 jobs in January, gain not expected to continue

The U.S. government added 9,000 workers in January, a gain economists do not expect to see repeated in the months ahead as President Donald Trump looks to cull the ranks of the federal

US government added 9,000 jobs in January, gain not expected to continue
Americas|Business|Economy|US

Venezuela's PDVSA resumes light crude imports as output dwindles

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for

Venezuela's PDVSA resumes light crude imports as output dwindles
Economy|Environment|Political|US|World

Trump says dismantling USAID will save money. Experts say it’s a ‘great gift’ for China

Trump says dismantling USAID will save money. Experts say it’s a ‘great gift’ for China

Trump says dismantling USAID will save money. Experts say it’s a ‘great gift’ for China
Business|Economy|Stock Markets|US

Sharpie maker Newell Brands working to reduce China dependency amid tariff pressure

Newell Brands' CEO said on Friday it is aiming to reduce its reliance on Chinese suppliers to minimize the impact of U.S. import tariffs, following its unexpected quarterly loss forecast.

Sharpie maker Newell Brands working to reduce China dependency amid tariff pressure
Business|Economy|Europe

Motorola refused permission to appeal UK emergency services network case

Motorola was refused permission to appeal against the British antitrust regulator's findings that it was making "supernormal" profits on its contract to provide communications to

Motorola refused permission to appeal UK emergency services network case
Economy|Finance|Political|US

Fed Monetary Policy Report flags solid economy, elevated markets

By Michael S.

Fed Monetary Policy Report flags solid economy, elevated markets
Business|Economy|Political|US

Trump says he will announce reciprocal tariffs on many countries next week

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries next week, a major escalation of his trade

Trump says he will announce reciprocal tariffs on many countries next week
Americas|Economy|Political|US

Trudeau says Trump talk of absorbing Canada is 'a real thing', says source

Prime Minister Justin Trudeau on Friday said U.S.

Trudeau says Trump talk of absorbing Canada is 'a real thing', says source
Economy|Health|US

Live poultry markets in New York City, suburbs shut over bird flu

Authorities in New York state have temporarily closed all live poultry markets in New York City and three suburban counties after detecting bird flu at

Live poultry markets in New York City, suburbs shut over bird flu
Business|Economy|Political|Technology|US

How the slash-and-burn tactics Musk brought to Washington backfired at Twitter

When Elon Musk bought Twitter in 2022, he laid off thousands of employees, stopped paying rent and auctioned off coffee makers and office chairs in hopes of a big turnaround

How the slash-and-burn tactics Musk brought to Washington backfired at Twitter
Business|Economy|Finance|Stock Markets|US

Traders now see just one Fed rate cut this year

Traders of short-term interest-rate futures on Friday now expect the Federal Reserve to cut interest rates just one time this year, backing away from earlier bets on two rate cuts starting

Traders now see just one Fed rate cut this year
Business|Economy|Finance|Political|US

US consumer sentiment drops as inflation expectations surge

U.S. consumer sentiment dropped unexpectedly in February to a seven-month low and inflation expectations rocketed as households feared it may be too late to avoid the negative effects on

US consumer sentiment drops as inflation expectations surge
Business|Economy|Europe|Sports|Technology

Silicon Valley and Indian investors spend big as English cricket goes up for sale

Foreign investors have been googly-eyed about English soccer for decades

Silicon Valley and Indian investors spend big as English cricket goes up for sale
Business|Economy|Science|Technology

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion, sources say

Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion, sources say
Business|Economy|Finance|US

US wholesale inventories drop by unrevised 0.5% in December

U.S. wholesale inventories fell in December amid strong sales growth, government data showed on Friday.

US wholesale inventories drop by unrevised 0.5% in December
Economy|Political|US

Americans, including Republicans, now fear higher inflation this year

Americans, including Republicans, now fear higher inflation this year

Americans, including Republicans, now fear higher inflation this year
Crime|Economy|Europe|Political

Poland's Tusk says EU must act on energy prices, migration

The European Union must act to lower energy prices and curb illegal migration, Polish Prime Minister Donald Tusk said on Friday, as he

Poland's Tusk says EU must act on energy prices, migration
Business|Economy|Finance|Political|US

Fed's Kashkari sees policy rate 'modestly lower' at end-2025

Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said fresh data published Friday shows the labor market is strong, and if inflation continues to cool, the U.S. central

Fed's Kashkari sees policy rate 'modestly lower' at end-2025
Business|Economy|Finance|Stock Markets|US

Column-Fed nears QT crossroads as 'excess liquidity' evaporates: McGeever

A key measure of excess liquidity in the financial system is evaporating rapidly.

Column-Fed nears QT crossroads as 'excess liquidity' evaporates: McGeever
Business|Economy|Finance|Political|US

Investment groups oppose Trump's carried-interest tax hike plan

Private investment industry groups on Friday opposed U.S.

Investment groups oppose Trump's carried-interest tax hike plan
Business|Economy|Political|Technology|US

‘Second American Revolution’: The team behind DOGE’s government overhaul

‘Second American Revolution’: The team behind DOGE’s government overhaul

‘Second American Revolution’: The team behind DOGE’s government overhaul
Business|Economy|Political|Technology|US

CNN investigates the team behind Elon Musk’s DOGE

CNN senior investigative correspondent Kyung Lah takes a look into the operatives linked to Elon Musk’s Department of Government Efficiency (DOGE), whose work to slash public spending and reshape the federal bureaucracy has sent shockwaves through government agencies.

CNN investigates the team behind Elon Musk’s DOGE
Business|Economy|Finance|Stock Markets|Technology

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal

Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company's decision to accept Emerson Electric's $7.2 billion

Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Americas|Business|Economy|Finance

Canada's economy adds 76,000 jobs in January

Canada's economy added 76,000 jobs in January and the jobless rate edged down to 6.6%, Statistics Canada data showed on Friday.

Canada's economy adds 76,000 jobs in January
Economy|Finance|Stock Markets|US

Sluggish Jan payrolls growth unlikely to sway Fed

U.S. job growth slowed more than expected in January, likely restrained by wildfires in California and cold weather across much of the country, but a 4.0% unemployment rate probably gives

Sluggish Jan payrolls growth unlikely to sway Fed
Business|Economy|US

US job growth through March revised down by 598,000

The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics (BLS) said on Friday.

US job growth through March revised down by 598,000
Business|Economy|Finance|Stock Markets|Travel|US

Frontier forecasts upbeat 2025 profit on improved pricing, travel demand

Frontier Group, the parent of budget carrier Frontier Airlines, forecast better-than-expected 2025 profit on Friday, aided by robust travel demand amid an improved pricing environment.

Frontier forecasts upbeat 2025 profit on improved pricing, travel demand
Americas|Business|Economy|Finance

Canada's unemployment rate drops again in January, job gains solid

Canada's unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs that joblessness was starting to ease

Canada's unemployment rate drops again in January, job gains solid
Business|Economy|Environment|Political|US

Forget saving the planet. Clean energy interests sharpen a different message: Money and jobs

Saving the planet is so 2024

Forget saving the planet. Clean energy interests sharpen a different message: Money and jobs
Americas|Business|Economy

Chile's Codelco targets 2025 copper output jump to 1.39 million tons, document shows

Chilean state miner Codelco, the world's largest copper producer, is targeting production of 1.391 million metric tons of the red metal this year, according to an

Chile's Codelco targets 2025 copper output jump to 1.39 million tons, document shows
Business|Economy|Europe|Finance

Stronger wage growth justifies caution on rates, says BoE's Pill

Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead to second-round price

Stronger wage growth justifies caution on rates, says BoE's Pill
Americas|Economy|Finance

Mexico inflation slows in January as central bank steps up rate cuts

Mexico's annual inflation rate slowed slightly more than expected in January, official data showed on Friday, after the central bank accelerated the pace of its interest rate

Mexico inflation slows in January as central bank steps up rate cuts
Business|Economy|Finance|Political|US|World

The world’s second-largest gold storage suddenly has very long lines to withdraw bars

The world’s second-largest gold storage suddenly has very long lines to withdraw bars

The world’s second-largest gold storage suddenly has very long lines to withdraw bars
Asia|Business|Economy

Chevron accelerates Kazakh oilfield ramp-up, sources say

Chevron is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told Reuters, raising its output to around 1% of global crude supply.

Chevron accelerates Kazakh oilfield ramp-up, sources say
Economy|Political|US

US Senate Republicans unveil budget plan for Trump agenda

U.S.

US Senate Republicans unveil budget plan for Trump agenda
Business|Economy|Political|World

High inflation is key challenge for Russia's economy, prime minister tells Putin

High inflation is the key challenge for the Russian economy in 2025, while the economic growth rate is expected to fall from 4.1% recorded last

High inflation is key challenge for Russia's economy, prime minister tells Putin
Business|Economy|Europe

Pernod Ricard considers sale of Mumm champagne, sources say

Pernod Ricard is exploring a sale of its champagne brand G.H.

Pernod Ricard considers sale of Mumm champagne, sources say