Windscreen wiper blades. Car parts maker First Brands fell into bankruptcy in September, sparking billions of dollars in losses for Wall Street groups © Bloomberg First Brands Group has sued the brother of its founder and its largest creditor, Onset Financial, for allegedly conspiring “in an unlawful scheme to defraud creditors out of billions of…
Macy’s is set to close over a dozen stores in the coming months. The department store chain told Axios on Thursday that it will close 14 stores across the country to focus resources on stronger-performing locations. The closures span 12 states, including one New York location: the Macy’s at Boulevard Mall in Amherst. Macy’s 2026…
Elon Musk’s xAI responded to criticism by saying it was limiting the use of its Grok image-generator to paid subscribers only © FT montage/Bloomberg Elon Musk’s Grok AI model lacked safeguards to stop users generating sexualised deepfakes of women and children, according to experts who warn that many AI systems are vulnerable to producing similar…
Site of the $500bn Stargate project in Texas © Bloomberg OpenAI and SoftBank have agreed to invest $1bn in SB Energy, an infrastructure company part-owned by the Japanese conglomerate, in a further deal to help fuel the AI start-up’s build-out of massive data centres. The deal announced on Friday will entail OpenAI and SoftBank each…
President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap to come into effect on January 20, the one-year anniversary of his return to the White House. But he did not…
Mortgage rates on Friday fell below 6% for the first time in years, after President Donald Trump ordered his “representatives” to begin buying $200 billion worth of mortgage bonds, his latest push to lower costs for Americans grappling with the high cost of living. The average interest rate for a 30-year fixed residential mortgage hit…
Buy Amazon for a prospective breakout to new 52-week highs. Amazon , as all will know, has been a poor relative performer to the S & P 500 Index for several years. Indeed, the stock’s relative performance peak was in the June of 2020 (Covid related outperformance associated with Covid online shopping)… and ever since,…
LONDON (AP) — Elon Musk’s AI chatbot Grok is preventing non-paying users from generating or editing images after a global backlash erupted over sexualized deepfakes of people, but the change has not satisfied authorities in Europe. The chatbot, which is accessed through Musk’s social media platform X, has in the past few weeks been granting…
Hundreds of new manufacturing jobs are coming to Wilson, Gov. John Stein announced Friday, as Johnson & Johnson has decided to build a multibillion-dollar expansion on their existing operations in town. The pharmaceutical giant has been heavily investing in North Carolina recently, spending billions on its Wilson factory as well as a Holly Springs plant…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. The U.S. has lived with a massive trade deficit for decades. But under President Donald Trump’s sweeping tariffs, that gap is suddenly narrowing — and much faster than many expected. That became clear on CNBC when anchor Rick Santelli…
General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards. Shares slid almost 3% Friday. The charges that will be recorded in the fourth quarter follow an announcement in October that the Detroit…
Capability marks a step forward in BNY’s ambition to tokenize bank deposits for real-time, on-chain settlement between industry participants Key takeaways BNY (NYSE: BK), a global financial services company, has taken the first step in its strategy to tokenize deposits by enabling the on‑chain mirrored representation of client deposit balances on its Digital Assets platform. This launch helps to advance BNY’s ambitions to support programmable, on‑chain cash for institutional market infrastructure. Early participants…
Updated Jan. 9, 2026, 1:54 p.m. ET Jeep and Chrysler will stop making their plug-in hybrid models as Stellantis NV turns its focus to other hybrid powertrains, the automaker confirmed Friday. “With customer demand shifting, Stellantis will phase out plug‑in hybrid (PHEV) programs in North America beginning with the 2026 model year, and focus on…
Meta today announced three deals to provide its data centers with nuclear power: one from a startup, one from a smaller energy company, and one from a larger company that already operates several nuclear reactors in the U.S. Oklo and TerraPower, two companies developing small modular reactors (SMR), each signed agreements with Meta to build…
Colorado state regulators have received more than 200 complaints this week after customers who thought they were getting regular unleaded gasoline filled their tanks with diesel fuel at Costco, King Soopers and Murphy Express pumps. The state’s Division of Oil and Public Safety began receiving complaints Thursday after diesel fuel was loaded from a Sinclair…
Last year didn’t go the way Bill Gates hoped. As a philanthropist who has dedicated billions to improving everything from healthcare and education in poor countries to climate change action, Gates could only watch as the Trump administration slashed swathes of foreign aid contracts. The Microsoft co-founder has criticised the cost-cutting regime, much of which…
(Bloomberg) — Chevron Corp. could grow its cash flow by as much as $700 million a year from increasing oil production in Venezuela as the Trump administration seeks to control the South American country’s crude supplies, one analyst says. Chevron, the only US oil major currently operating in Venezuela, has a “differentiated opportunity among peers…
Elon Musk’s controversial Grok artificial intelligence model appears to have been restricted in part on one app, while remaining largely unchanged on another. On Musk’s social media app X, the Grok AI image generation reply bot has been made for paying customers only and has been seemingly restricted from making sexualized deepfakes after a wave…
The Federal Reserve Board on Friday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2026. Each Reserve Bank has a nine-member board of directors, representing a wide range of business and community leaders across each regional district. By law, the Board of Governors in Washington appoints three…
Mortgage rates have been moving within an 11-basis-point range from their 2025 low since late October. However, President Trump’s push for government mortgage makers Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds could be the stimulus that mortgage rates need to finally sink below 6%. The national average 30-year fixed mortgage…
Chris Rokos is one of the world’s best-known hedge fund traders © RCM Chris Rokos paid himself almost half a billion pounds last year as his macro hedge fund soared in a highly volatile period for markets. Rokos Capital Management paid £477mn in profits to its highest-paid partner in the year to March 2025, the…
At Meta, we’re focused on building personal superintelligence for everyone, and delivering the app experiences and computing devices that will improve the lives of billions of people around the world. Our industry-leading data centers are the backbone of these breakthroughs — they provide the infrastructure that drives innovation and brings transformative technologies to life. Innovation…
In this article NVO AMZN Follow your favorite stocksCREATE FREE ACCOUNT Close-up of a hand holding a cellphone displaying the Amazon Pharmacy system, Lafayette, California, Sept. 15, 2021. Smith Collection | Gado | Getty Images Amazon announced Friday it now offers Novo Nordisk‘s Wegovy weight loss pill through its digital pharmacy. Novo Nordisk began rolling…
US Treasury Secretary Scott Bessent said his risky US gamble on Argentina’s currency has paid off. Bessent said American financial support had been repaid and the US no longer held any Argentine pesos in its exchange stabilisation fund. The US had purchased the then-plunging currency last year in an effort to stave off further turmoil…
Heidi Overton, Novo Nordisk CEO Maziar “Mike” Doustdar, Eli Lilly CEO David Ricks and Secretary of Commerce Howard Lutnick listen while President Donald Trump announces a deal with Eli Lilly and Novo Nordisk to reduce the prices of GLP-1 weight loss drugs during an event in the Oval Office at the White House in Washington,…
Some gas stations in the Denver metro area, including Costco, Murphy Express and King Soopers locations, sold contaminated fuel on Thursday, according to the Colorado Division of Oil and Public Safety. King Soopers confirmed to CBS News Colorado that the pumps at 13 of its gas stations in the Denver metro area contained contaminated fuel….
Gold soared more than 60% in 2025 © Mike Groll/AP A wave of bullion selling worth more than $10bn is providing the first “big test” of the market in 2026, as last year’s stratospheric run-up in gold and silver prices comes under pressure. Funds that track commodity indices are rebalancing their holdings and are expected…
Meta has cut a trio of deals to power its artificial intelligence data centers, securing enough energy to light up the equivalent of about 5 million homes. The parent company of Facebook on Friday announced agreements with TerraPower, Oklo and Vistra for nuclear power for its Prometheus AI data center that is being built in…
Mortgage rates fell sharply on Friday, a day after President Donald Trump said on social media that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. “This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable,” he said…
Bloomberg (Bloomberg) — When it comes to the dollar, the surprising resilience of the US economy is overpowering the geopolitical turmoil unleashed by President Donald Trump. Traders ratcheted up their bets against the US currency heading into the new year, wagering it would be dragged down again as the Federal Reserve cuts interest rates, giving…
Innovative technologies At Illumina, our goal is to apply innovative technologies to the analysis of genetic variation and function, making studies possible that were not even imaginable just a few years ago. It is mission critical for us to deliver innovative, flexible, and scalable solutions to meet the needs of our customers. As a global…
Leading Chinese electric-vehicle maker BYD is expected to drive a surge in overseas sales © Roslan Rahman/AFP/Getty Images China’s auto exports will expand by as much as 25 per cent to a record of more than 7mn this year, according to analyst and industry association estimates, as carmakers try to offset collapsing domestic sales of…
Industry insiders said Mike Wirth, pictured, worked astutely to build a relationship with President Donald Trump that helped Chevron win a special licence to operate in Venezuela © Bloomberg There is no Big Oil executive closer to Donald Trump than Mike Wirth. The US president likes to talk business and speaks regularly to the Chevron…