Menu

Read It - Latest News Update

Connect with us

Bond sell-off: What rising yields mean for investors - Fortune

Last week’s blowout jobs report has Wall Street wondering whether the Fed will continue its rate-cutting regime in 2025.

Source:
Published:
Author:

Bitcoin (BTC) Price Falls to Lowest Since November in Risk-Asset Selloff - Bloomberg

Bitcoin slumped to an almost two-month low as investors dumped riskier assets following a sharp rise in bond yields.

Source:
Published:
Author:

J&J to buy Intra-Cellular Therapies for $14.6B, picking up mental health drug - STAT

J&J said it would buy Intra-Cellular Therapies in a deal worth $14.6 billion, another sign of large drugmakers’ reentry into neuroscience.

Source:
Published:
Author:

Stock market today: Gains for oil producers and drops for Big Tech leave Wall Street mixed - The Associated Press

U.S. stock indexes were split as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The S&P 500 rose 0.2% Monday after erasing an earlier fall of 0.9%. The Dow Jones Industrial Average climbed 358 points, while the we…

Source:
Published:
Author:

S&P 500 Gains and Losses Today: Moderna Plunges After Big Cut to Sales Forecast - Investopedia

The S&P 500 ended 0.2% higher on Monday, Jan. 13, 2025, ahead of this week's inflation data and the first wave of earnings reports from the nation's biggest banks.

Source:
Published:
Author:

Several local school districts potentially compromised in nationwide security breach - WKRC TV Cincinnati

The company, which provides cloud-based student information systems globally, said it became aware of the cybersecurity incident in December.

Source:
Published:
Author:

Sandy Hook families reach settlement over Alex Jones' bankruptcy - Reuters

Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved their disputes on how to divide the bankrupt conspiracy theorist's assets, clearing the way for a sale of Jones' Infowars platform, attorneys said at a Monday …

Source:
Published:
Author:

Amazon CEO Andy Jassy has a new 'shadow' advisor. It's one of the most prized roles inside the company. - Business Insider

This time, the CEO picked a 17-year AWS veteran who has experience with business applications.

Source:
Published:
Author:

SoCal Edison blamed in a lawsuit for starting one of the Los Angeles fires - CNN

Southern California Edison, the electrical utility for Los Angeles, has been sued for its alleged role in starting one of the raging Los Angeles fires that have collectively killed at least 24 people and displaced tens of thousands of people from their homes.

Source:
Published:
Author:

Amazon is ending its ‘Try Before You Buy’ option for Prime members - The Associated Press

Amazon is saying goodbye to “Try Before You Buy.” The service allows Amazon Prime members to try on select clothing items, shoes and accessories at home before completing a purchase. They can order up to six select apparel items on a trial basis and then have…

Source:
Published:
Author:

Cleveland-Cliffs CEO attacks Japan as he reiterates interest in acquiring U.S. Steel - CNBC

"I have a plan, I have an all-American solution in place. The all-American solution centers on people, on workers," said Cleveland-Cliffs CEO Lourenco Goncalves.

Source:
Published:
Author:

Stock futures tick higher as traders await first of two key inflation readings this week: Live updates - CNBC

Wall Street will first parse the producer price index for December on Tuesday, followed by the consumer price index on Wednesday.

Source:
Published:
Author:

NYC’s New Congestion Pricing Zone Sees 7.5% Drop in Traffic - Bloomberg

Traffic on New York City’s busiest streets dropped by 7.5% and morning travel times fell on most major crossings into Manhattan during the first work week of the city’s congestion pricing plan, signaling that some motorists changed their driving patterns to a…

Source:
Published:
Author:

Trump Team Studies Gradual Tariff Hikes Under Emergency Powers - Yahoo Finance

(Bloomberg) -- Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach...

Source:
Published:
Author:

Biden pushes through $635M in EV charger grants before Trump’s return - Electrek.co

Biden awarded $635 million in EV charger grants just 10 days before Trump takes office, leaving just $700,000 of $2.5 billion unallocated.

Source:
Published:
Author:

Starbucks making customers pay to use bathroom under CEO’s new code of conduct - New York Post

The new rules reverse an open-door policy put in place in 2018, after two black men were arrested at a Philadelphia Starbucks where they had gone for a business meeting.

Source:
Published:
Author:

China is reportedly open to Elon Musk acquiring TikTok US - TechCrunch

Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok's United States arm to Elon Musk, should the Supreme Court

Source:
Published:
Author:

As California fires persist, L.A. area threatened by expected dangerous winds: Live Updates - CBS News

Fires across the Los Angeles area have killed at least 24 people, and the Palisades and Eaton wildfires are still burning in Southern California.

Source:
Published:
Author:

Asia markets mostly rise after Wall Street's mixed moves that saw investors rotate out of tech stocks - CNBC

Asia-Pacific markets trade higher even after a mixed session on Wall Street.

Source:
Published:
Author:

Jamie Dimon isn’t surprised Donald Trump won the election—he says people were tired of being lectured to by a ‘swamp’ of ineffective government - Yahoo Finance

JPMorgan Chase CEO Jamie Dimon was not surprised Trump won the White House, saying people grew tired of ineffective government.

Source:
Published:
Author:

Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do - NewsBTC

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side.

Source:
Published:
Author:

Three CES 2025 products I'd buy as soon as they're available for purchase - ZDNet

CES is officially over, so I'm reflecting on the products that left the biggest impression on me - and that I'd spend my money on.

Source:
Published:
Author:

Cardano price prediction – Tracing ADA’s road to $1.25 and beyond - AMBCrypto News

The mid-range level at $0.98 has served as both support and resistance over the past six weeks.

Source:
Published:
Author:

Tyler Perry Calls Out Home Insurance Companies for Canceling Plans Months Before L.A. Fires: ‘People Are Left With Nothing Because of Pure Greed’ - Variety

Tyler Slams says insurance companies acted out of "pure greed" by canceling thousands of plans months before the L.A. Fires.

Source:
Published:
Author:

The feds opened an investigation into a side-hustle company helping pump out AI-generated books, records reveal - Business Insider

Publishing.com's claims about passive income from AI-generated Amazon books have drawn complaints about undisclosed fees and aggressive sales tactics.

Source:
Published:
Author:

Lilly to acquire cancer biotech Scorpion, which shares a co-founder with Loxo - Endpoints News

Eli Lilly, the most talked-about pharmaceutical company in recent years, is buying cancer startup Scorpion Therapeutics about half a year after its $150 million Series C.

Source:
Published:
Author:

Bill Ackman says he wants to build a ‘modern-day Berkshire Hathaway’ - Financial Times

Investor is seeking control of US real estate company in push to transform his hedge fund into a diversified financial group

Source:
Published:
Author:

In Latest Streaming Bundle Twist, Vizio Launches Starz-AMC+ Combo - Deadline

In the latest variation on the streaming bundle theme, Vizio is launching a package of Starz and AMC+

Source:
Published:
Author:

Exclusive | Goldman Sees Financing as the Future. It Is Rearranging Itself to Reflect That. - The Wall Street Journal

New group to capitalize on a surge in private credit and anticipated boom in private-equity deals

Source:
Published:
Author:

J&J to buy psychiatric drug developer Intra-Cellular for $14.6B - BioPharma Dive

Intra-Cellular has had success selling Caplyta, a brain-rebalancing drug that's approved to treat schizophrenia and bipolar depression.

Source:
Published:
Author:

Meta official blasts CEO Mark Zuckerberg for 'buckling to political pressure' - New York Post

Decision to end the platform’s fact-checking program is raising questions about brand safety on the $1.5 trillion tech giant’s platforms.

Source:
Published:
Author:

This YC Partner Just Raised $30 Million For An AI Startup Automating Paperwork For Biotech - Forbes

Y Combinator's Surbhi Sarna has raised $30 million for Collate, a startup aiming to automate the tedious parts of running a life sciences business using AI.

Source:
Published:
Author:

S&P 500 slides as key tech stocks get hit, Nasdaq drops more than 1%: Live updates - CNBC

Equities are coming off of back to back weekly losses.

Source:
Published:
Author:

Biden’s sweeping new AI export controls cover most of the world - The Washington Post

The new rules limit the sale of advanced U.S. AI technology to all nations except close U.S. allies, in an attempt to constrain China.

Source:
Published:
Author:

Kohl's to close 27 'underperforming' stores by April. Here's the list - Yahoo Finance

Kohl's is closing 27 "underperforming" stores by April 2025. Find out which locations.

Source:
Published:
Author:

Constellation Energy Agrees to Buy Calpine for $16.4 Billion - The Wall Street Journal

Merger combines two of the country’s largest power generators amid surging demand for electricity

Source:
Published:
Author:

“Shameful”: Joe Biden Slams Meta & Mark Zuckerberg For Dropping Fact Checking In What Could Be Outgoing POTUS’ Last Press Conference - Deadline

The outgoing POTUS took to the bully pulpit while the META CEO went on Joe Rogan today in very different takes on facts and the truth

Source:
Published:
Author:

Zuckerberg Says Most Companies Need More ‘Masculine Energy’ - Bloomberg

Mark Zuckerberg lamented the rise of “culturally neutered” companies that have sought to distance themselves from “masculine energy,” adding that it’s good if a culture “celebrates the aggression a bit more.”

Source:
Published:
Author:

Pacific Office Automation permanently replaces CEO after sexual abuse scandal - OregonLive

Doug Pitassi had been on leave since October amid allegations he had sexually abused employees.

Source:
Published:
Author:

Delta: 4 passengers hurt after flight headed to MSP is aborted at Atlanta airport - KSTP

One passenger was taken to a hospital for treatment, while three people were treated at the scene for minor injuries.

Source:
Published:
Author:

US Stock Market Faces Reality Check in High-Bar Earning Season - Bloomberg

The US stock market’s strongest two-year rally since the dot-com bubble is heading into its next big test as companies start releasing quarterly earnings, providing a major gut check on whether valuations have outrun the underlying reality.

Source:
Published:
Author:

Exclusive: CEO of California’s third-largest home insurer discusses consequences of L.A. fires - San Francisco Chronicle

In an exclusive interview, the CEO of CSAA, California’s third-largest home insurer, says the state remains a viable market despite historic fire losses.

Source:
Published:
Author:

Key takeaways from the Detroit Auto Show’s first day - MLive.com

The Detroit Auto Show has a few things to check out, including a gallery full of luxury and exotic vehicles and four interactive tracks for attendees to check out some cars.

Source:
Published:
Author:

Fairfax County Public Schools superintendent silent about a massive data breach by a tech vendor, PowerSchool - Fairfaxtimes.com

While hundreds of school district officials around the country are ringing alarm bells, Fairfax County Public Schools Superintendent Michelle Reid has been silent this week about explosive news that cybercriminals

Source:
Published:
Author:

Macy's Brooklyn store, once an iconic Abraham & Straus, is closing - Gothamist

A&S sat along "Department Store Row" with other giants of retail that have long since been absorbed by other companies or shut down.

Source:
Published:
Author:

Bonds hammer Fed rate cut bets as inflation greets Trump White House - TheStreet

Consumer-based inflation expectations are running at the highest levels since 2008.

Source:
Published:
Author:

New Glenn rocket is at the launch pad, waiting for calm seas to land - Ars Technica

“Landing our booster offshore is ambitious—but we’re going for it.”…

Source:
Published:
Author:

Biden added more jobs to the economy than Trump, Obama, or Bush - Axios

The U.S. economy added 2.23 million jobs in 2024, including 256,000 in the final full month of Biden's presidency.

Source:
Published:
Author:

Kohl's closing more than 20 stores nationwide, including in North Texas - WFAA.com

The struggling retailer announced plans to close more than 27 stores nationwide by April 2025.

Source:
Published:
Author:

A Massive Mobile Location Data Hack May Have Risked Gay People’s Safety - Forbes

Researchers fear a breach of data broker Gravy Analytics could threaten the privacy of the gay community in countries where homosexuality is illegal.

Source:
Published:
Author:

U.S. Department of the Treasury Releases Guidance on Clean Fuels Production Credit - Treasury

Guidance will help lower transportation costs for consumers and make America a leader in decarbonizing aviation industry and heavy transportWASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) are releasing gui…

Source:
Published:
Author:

Thanks to Nvidia, there's a new generation of PCs coming, and they'll be running Linux - ZDNet

OK, maybe you wouldn't pay three grand for a Project DIGITS PC. But what about a $1,000 Blackwell PC from Acer, Asus, or Lenovo?

Source:
Published:
Author:

Delta jet aborts takeoff from snowy Atlanta airport after engine problem - The Associated Press

Four passengers have been injured after a Delta Air Lines jet at the Atlanta airport aborted its takeoff for a flight to Minneapolis. Delta spokesperson Morgan Durrant said the plane had an engine problem. The incident happened Friday while a snowstorm was ca…

Source:
Published:
Author:

Do you still have to pay your mortgage if your house burns down? - MarketWatch

The multimillion-dollar homes burning in the L.A. wildfires may not qualify for mortgage relief

Source:
Published:
Author:

Biden Warns Gas Prices May Rise, Assails Meta Over Fact-Checking - Bloomberg

President Joe Biden sought to defend his economic legacy, justify the impact of new sanctions on Russia, and criticized social media companies peeling back fact-checking initiatives in a rare press conference Friday at the White House.

Source:
Published:
Author:

OpenAI, Meta, Uber CEOs Plan to Attend Trump Inauguration Events - Bloomberg

Several prominent tech leaders are planning to attend Donald Trump’s inauguration this month, the latest sign that the industry is trying to bolster its relationship with the president-elect ahead of his return to the White House.

Source:
Published:
Author:

Macy's to close 2 locations in Oregon - KATU

Macy’s looks to close dozens of locations nationwide to improve sales, including two in Oregon.It’s part of the retailer’s “bold new chapter” to shutter 150 loc

Source:
Published:
Author:

As they watch the LA fires, some Coloradans see their insurance policies not renewed over fire risk - 9News.com KUSA

A Nextdoor post shows the struggles of homeowners near Lookout Mountain who are trying to find insurance policies to cover their properties.

Source:
Published:
Author:

Egg prices continue to climb amid the bird flu outbreak - The Washington Post

Empty egg shelves and eye-popping prices aren’t going anywhere, experts say.

Source:
Published:
Author:

Meta and Amazon Axe Diversity Initiatives Ahead Of Trump’s White House Return - Deadline

In a memo to staff, Meta cited “a shifting legal and policy landscape" for the decision.

Source:
Published:
Author:

Zuckerberg on Rogan: Facebook's censorship was "something out of 1984" - Axios

Zuckerberg is settling scores and building bridges to Trumpworld.

Source:
Published:
Author:

JPMorgan Chase Disables Employee Comments After Return-to-Office Backlash - The Wall Street Journal

Source:
Published:
Author:

Venu Sports has left the building - NBC Sports

With the NFL news cycles at a non-stop fever pitch, it's hard for things not directly relevant to the NFL to make a blip on our radar screen.

Source:
Published:
Author:

Did New Jersey fumble congestion pricing negotiations? - Gothamist

A federal judge allowed the MTA to turn on its congestion pricing tolls Sunday, even though New York and New Jersey failed to come to a settlement in a lawsuit that aimed to halt the program.

Source:
Published:
Author:

Fed worries Trump trade, immigration policies will stoke inflation - Axios

Higher tariffs and massive deportation could make America's bumpy battle against inflation that much more difficult.

Source:
Published:
Author:

Zillow predicts 2025's hottest real estate markets - Axios

The most competitive housing markets for buyers are spreading west.

Source:
Published:
Author:

Home Tech Gadgets at CES 2025 Impressed More Than Last Year - CNET

With a sock-clearing vac, a mulching robot mower, hydration tech and pet gadgets, CES 2025 offered a strong showing of home tech that we can't wait to get our hands on again.

Source:
Published:
Author:

Google searches for deleting Facebook, Instagram explode after Meta ends fact-checking - TechCrunch

Google searches for how to cancel and delete Facebook, Instagram, and Threads accounts have seen explosive rises in the U.S. since Meta CEO Mark

Source:
Published:
Author:

Early data is out! Has congestion pricing in NYC been successful so far in reducing traffic in Manhattan? - amNY

The MTA has yet to release official results of congestion pricing, but some early data suggests the program is a mixed bag of success and failure.

Source:
Published:
Author:

LADWP Windstorm Response Update-Thursday, January 9, 2025: 7AM - LADWP News

Source:
Published:
Author:

Scams, crashes and calamity: Departing Wall Street regulator warns of crypto risks - POLITICO

In an interview, CFTC Chair Rostin Behnam said further delays in comprehensive regulation mean a lingering threat from booming crypto market.

Source:
Published:
Author:

Pound falls and bond yields rise but UK rules out emergency action - BBC.com

Economists have warned the rise could mean further tax hikes or spending cuts by the government.

Source:
Published:
Author:

What time is Blue Origin's 1st New Glenn rocket launch on Jan. 12? - Space.com

The first liftoff of New Glenn is now set for no earlier than Sunday, Jan. 12, at 1 a.m. EST (0600 GMT).

Source:
Published:
Author:

Fed Governor Bowman says December interest rate cut should be the last - CNBC

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

Source:
Published:
Author:

JCPenney merges with Forever 21's parent company Sparc Group to create new entity - USA TODAY

Sparc Group, the parent company of Forever 21 and Aéropostale, announced it merged with JCPenney to create a new company called Catalyst Brands.

Source:
Published:
Author:

The Los Angeles Fires Will Put California’s New Insurance Rules to the Test - WIRED

The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.

Source:
Published:
Author:

Here's what you need to know about credit card defaults - Yahoo Finance

Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. With high levels of credit card debt and high inflation, many...

Source:
Published:
Author:

DirectTV and EchoStar aren’t happy about Disney and Fubo’s settlement - The Verge

DirectTV and EchoStar are raising anticompetition concerns over Disney’s plan to work with FuboTV.

Source:
Published:
Author:

Investors on edge as Friday’s jobs report could make or break stock-market rally - MarketWatch

Rising Treasury yields have ratcheted up tensions for equity investors. The December jobs report could determine whether they continue to climb or pull back.

Source:
Published:
Author:

Center City Philadelphia Macy's store is closing, Councilmember Squilla says - CBS News

Retailer Macy's is closing its store on Market Street in Center City, Philadelphia City Council member Mark Squilla said Thursday.

Source:
Published:
Author:

Kohl's stores closing: 27 underperforming locations to close by April. See the list. - Axios

Kohl's said Thursday it will close 27 underperforming stores by April 2025.

Source:
Published:
Author:

BlackRock quits climate group in latest green climbdown - Financial Times

World’s largest money manager had staked out position as sustainable investment leader

Source:
Published:
Author:

Massive port strike averted, as shippers and union reach tentative agreement - The Washington Post

The longshoremen’s union was threatening a work stoppage that could have frozen East and Gulf coast ports days before President-elect Trump takes office.

Source:
Published:
Author:

Fed Vice Chair Barr Steps Down to Sidestep Potential Legal Battle With Trump - The Wall Street Journal

Barr will resign from his position in February while staying on as a Fed governor

Source:
Published:
Author:

US says technology giant Tencent works with Chinese military - BBC.com

China's embassy in Washington branded the move as an "unreasonable suppression" of its firms.

Source:
Published:
Author:

2nd round of snowstorm dumps more flakes on DC area, shuts down Reagan National runways - WTOP

Around half a foot of snow fell early Monday during the first half of the D.C. region’s first winter storm of 2025, with another burst of winter weather not far behind that could send snow totals in the double digits.

Source:
Published:
Author:

Stocks rise, dollar drops after Trump denies tariff policy pullback - Yahoo Canada Finance

NEW YORK (Reuters) -Global stocks rose while the U.S. dollar index dropped on Monday after President-elect Donald Trump denied a newspaper report that his...

Source:
Published:
Author:

Device maker Stryker strikes $4.9 billion deal for Inari Medical - Reuters

Medical-device maker Stryker on Monday agreed to acquire Inari Medical , which makes devices that treat patients with venous diseases, in an all-cash deal worth $4.9 billion.

Source:
Published:
Author:

Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says - CNBC

Toyota Motor is exploring the development and production of orbital rockets, Chair CEO Akio Toyoda said Monday.

Source:
Published:
Author:

McDonald’s is latest to ax DEI policies — cites ‘shifting legal landscape’ - New York Post

The fast food chain also intends to end a program that encourages its suppliers to develop diversity training and increase the number of minorities in their own leadership ranks.

Source:
Published:
Author:

Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden - The Associated Press

Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel. He told reporters Tuesday in Tokyo there is no reason or need to give up. President Joe Biden has blocked the …

Source:
Published:
Author:

FDA recommends fixing racial disparities in pulse oximeter readings - The Washington Post

Inaccurate readings in the medical devices led to inferior care for Black patients.

Source:
Published:
Author:

Toyota’s next-generation cars will be built with Nvidia supercomputers and operating system - TechCrunch

Toyota announced at CES 2025 that its next-generation vehicles will have automated driving capabilities powered by Nvidia’s Drive AGX Orin supercomputer

Source:
Published:
Author:

Nvidia is helping humanoid robots learn through Apple Vision Pro instruction - TechCrunch

Robotics have been a foundational element of Nvidia’s stratospheric growth in recent years. When the chip maker announced GR00T in March of last year, it

Source:
Published:
Author:

UFC’s Dana White joins Meta’s board, as company moves closer to Trump - The Washington Post

Meta tapped long-time Trump backer Dana White to join its board of directors at at time when Republicans will soon control congress and the White House.

Source:
Published:
Author:

Medical debt soon will be banned on credit reports - CNN

Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.

Source:
Published:
Author:

Deutsche Bank says it's now overweight Europe stocks vs. the U.S. - MarketWatch

Deutsche Bank says it’s overweight Europe stocks vs. the U.S. for the first time since June

Source:
Published:
Author:

Suction-Cup TV, Sock-Clearing Robot and More Wild New Products From CES 2025 - CNET

The wave of the future or the stuff dreams are made of? Get your eyeballs all over these top finds from one of the largest tech shows on the planet.

Source:
Published:
Author:

Stellantis reveals redesigned Ram heavy-duty trucks - CNBC

Stellantis has redesigned its large Ram heavy-duty trucks, which are expected to arrive at dealers in the first quarter of this year and will start at $47,560.

Source:
Published:
Author:

Meta ends fact-checking program as Zuckerberg vows to restore free expression on Facebook, Instagram - Fox News

FIRST ON FOX: Meta is ending its fact-checking program and lifting restrictions on speech to “restore free expression" across Facebook, Instagram and Meta platforms, admitting its current content moderation practices have “gone too far."

Source:
Published:
Author: