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Business News

Location American Business News for 17 January 2025
Biden decides not to enforce looming TikTok ban -- leaving Chinese app's fate up to Trump as he returns to White House President Biden will not enforce a law banning TikTok that is set to take effect the day before he leaves office, according to a US official.
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Apple has 'worst annual performance' in China as smaller rivals dethrone iPhone champ The decline also points to how factors such as the absence of artificial intelligence capabilities in the latest iPhones sold in China.
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Three reasons Trump tariffs aren't China's only problem The world's second largest economy is set to release annual economic growth figures.
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U.S. economy poised to lead the global pack in 2025, IMF says. Here's why. The U.S. economy has separated itself from the global pack -- and its lead could widen in the new year.
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Tech is now betting on AI 'agents.' Will they boost stocks or take your job? Software companies like Salesforce are marketing their newest generative artificial-intelligence products as "agents" and "digital labor" -- but analysts doubt agentic AI's ability to take jobs or make a lot of money any...
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IMF warns Trump economic policy threatens global disruption Trump's policies could benefit the US, but not the rest of the world, the IMF says
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E.U. Expands Investigation of Musk's X Over Illicit Content

The New York Times - 17 Jan 2025 15:49
E.U. Expands Investigation of Musk's X Over Illicit Content The probe is a test of the European Union's willingness to go after X's owner, Elon Musk, whose geopolitical influence has grown because of his ties to the incoming Trump administration.
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Musk and Zuckerberg Reflect New Blows Against D.E.I. Policies

The New York Times - 17 Jan 2025 15:20
Musk and Zuckerberg Reflect New Blows Against D.E.I. Policies Corporate policies concerning diversity, equity and inclusion, already under pressure from conservatives, are facing greater threats from allies of the president-elect.
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FBI warns agents of call log thefts by hackers who breached AT&T -- prompts urgent push to protect confidential informants' identities: report FBI leaders have warned that hackers who breached AT&T's system last year likely stole months of agents' call and text logs.
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Microsoft researchers unveil MatterGen, which accelerates scientific discovery 15X and doubles success rates for stable compounds.
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Trump's attorney general pick owned at least $3.9 million in Truth Social stock and made $1 million as a lobbyist last year Bondi, who's been working as a lobbyist and a consultant in recent years, reported a net worth of $12.1 million.
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Record Breaking $11.3 Trillion High for Spot and Derivatives Trading on Centralized Crypto Exchanges The total trade activity on centralized exchanges reached an all-time high of $11.3 trillion, up 7.58%, according to the report by CCData. Record Numbers for Spot and Derivatives Trading The overall spot and derivative t...
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Financial Services Roundup: Market Talk

Wall Street Journal - 17 Jan 2025 23:59
Financial Services Roundup: Market Talk Find insight on TD Bank, Wise, Australian bank stocks and more in the latest Market Talks covering financial services.
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Energy & Utilities Roundup: Market Talk

Wall Street Journal - 17 Jan 2025 23:56
Energy & Utilities Roundup: Market Talk Read about the rig count, oil prices, Petronas and more in the latest Market Talks covering energy and utilities.
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I've followed the Mediterranean diet for over 20 years. Here are my 9 secrets for sticking to it. I've followed the Mediterranean diet for over 20 years. I plan my meals in advance, stock up on olive oil, and grab a snack when I'm hungry.
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Coinbase CEO calls on countries to establish Bitcoin reserves Brian Armstrong has reportedly discussed potential policy issues related to cryptocurrencies with US President-elect Donald Trump.
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Basic Materials Roundup: Market Talk

Wall Street Journal - 17 Jan 2025 23:52
Basic Materials Roundup: Market Talk Read about Rio Tinto and Glencore, Clariant and more in the latest Market Talks covering basic materials.
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Former Oakland Mayor Sheng Thao, her boyfriend and a father-son team who run the local recycling company were indicted Friday on federal bribery and conspiracy charges for an alleged pay-to-play scheme.
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Moderna Gets $590 Million of Federal Funding For Influenza Vaccines The package will provide additional support for late-stage development and licensure of pre-pandemic mRNA-based vaccines, the company said
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Starbucks Expecting Job Cuts by March

Wall Street Journal - 17 Jan 2025 23:44
Starbucks Expecting Job Cuts by March Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
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24 of the most daring looks Elle Fanning has ever worn, from sheer fabric to bold cutouts Elle Fanning is no stranger to a best-dressed list. From her glass-like Met Gala dress to sheer Cannes gowns, here are her boldest looks.
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US Army looking to see if new tech can make its workhorse Black Hawk helicopters easier to fly, with or without pilots The US Army is working with aerospace company Skyryse on improved flying and safety, as well as autonomy, for helicopters like the Black Hawk.
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