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Business News

Location American Business News for 9 January 2025
'Trump 2.0' looms large over the global economy Donald Trump's planned tariffs are expected to greatly impact international trade in 2025.
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S&P 500 starts January with gains after Santa rally busts. What to watch for next. A pair of closely watched but overlapping stock-market phenomena delivered a split decision for investors looking for clues to possible full-year performance. A tiebreaker awaits.
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Trump's Day One: Incoming president looks set to act on tariffs, crypto, energy and immigration On his first day back in office, President-elect Donald Trump is planning to go big on executive orders and other actions, including ones that aim to rollback some of his predecessor's policies. Here's a brief guide.
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LA fires could cause over $50B in damages -- making them the most expensive in California history The wildfires will likely cost between $52 billion and $57 billion, according to an AccuWeather estimate.
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Treasury yields drift lower on Thursday to start of an abbreviated session, with the bond market set to shut early in observance of a national day of mourning in honor of former President Jimmy Carter, who died in late D...
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Hundreds of prisoners in California are helping battle the LA wildfires. Some earn $26.90 per 24-hour shift, or just over $1 an hour.
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Port strike averted on East and Gulf coasts, in what both sides call 'win-win agreement' A union that represents thousands of workers on the East and Gulf coasts reached a tentative six-year agreement with their employers, according to a joint statement released on Wednesday
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The U.S. 10-year Treasury yield may breach last year's high of 4.739%, based on charts, UOB said.
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CES 2025: Robot bartenders, flying cars, automaton cats and dogs lead way at tech fest Here's a rundown of this week's latest and most essential.
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Trump's golf resort liquor licenses may be one reason he's fighting to block a no-jail hush-money sentence Only after his hush-money sentencing can NJ officials move to revoke his liquor licenses. A revocation hearing is still pending, they told BI.
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Disney Reveals 157 Million Global Monthly Active Users for Ad-Supported Tiers Disney is giving advertisers tiers of joy thanks to its latest ad-supported streaming numbers. Today, at its 5th annual Tech and Data Showcase at CES, the company's president of global advertising, Rita Ferro, announced ...
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The full list of major US companies slashing staff in the new year, including Microsoft, BlackRock, and Ally Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Microsoft, BlackRock, and Ally are among those shedding staff.
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LA wildfires, including massive Palisades and Eaton fires, continue to devastate the region with zero containment. Damage could total $50 billion.
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Australian Shares Set to Rise at Open

Wall Street Journal - 9 Jan 2025 23:54
Australian stocks are expected to open higher, with ASX futures up 0.3% before the bell.
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Trump's Bitcoin policy lashed in China, deepfake scammers busted: Asia Express China banker says Trump's Bitcoin plan contradicts his US dollar dreams as Hong Kong busts deepfake AI pig butcher scammers. Asia Express.
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Trump's Bitcoin policy lashed in China, deepfake scammers busted: Asia Express China banker says Trump's Bitcoin plan contradicts his US dollar dreams as Hong Kong busts deepfake AI pig butcher scammers. Asia Express.
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FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and o...
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The Penn State Nittany Lions and Notre Dame Fighting Irish will compete in the CFP semifinals. We'll show you how to watch the Orange Bowl anywhere.
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Two Sigma's two billionaire founders are going to arbitration, but there's already a clear winner: the firm's investors. Despite the cofounders' long-running feud, Two Sigma seems to be humming along with sold returns in 2024— a win for the fund's investors.
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Paul Oreffice, a Combative Chief of Dow Chemical, Dies at 97

The New York Times - 9 Jan 2025 23:28
Paul Oreffice, a Combative Chief of Dow Chemical, Dies at 97 He led the company as it flourished in the '70s and '80s while confronting veterans and environmentalists over its toxic products like Agent Orange and dioxin.
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2025 Trends: AI Continues its Rise, Tariffs' Uncertain Impact, Circular Commerce Blossoms [Editor's note: I sat down with the folks at PAN, our co-host for an exclusive event that will take place Monday, Jan. 13 from 6 to 8 p.m. at KYMA at Hudson Yards, to discuss a few of the key trends retail will be grappl...
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On the Ground During L.A.'s Wildfire Emergency

The New Yorker - 9 Jan 2025 23:07
With four fires raging, tens of thousands have evacuated and others are confronting the precarity of where they live.
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