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Report: US, China Approve TikTok Ownership Deal
The U.S. and China have signed off on a deal for TikTok to be acquired by a group of investors led by tech giant Oracle and investment firm Silver Lake, reports Semafor.
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Microsoft 365 Down for Thousands of Users
Microsoft's suite of productivity software was down for thousands of users Thursday, according to outage tracking website Downdetector.com.
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Stocks Climb After Trump Drops Tariffs for Greenland
U.S. stocks rose and regained more of their losses for the week. The S&P 500 climbed 0.5% Thursday, continuing its rally after President Donald Trump called off tariffs on European countries that he said opposed his desire to have Greenland.
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US Airlines Issue Travel Waivers Ahead of Winter Storm
U.S. airlines have rolled out sweeping travel waivers as a winter storm, forecast to spread heavy snow, sleet and dangerous ice across two dozen states, threatened to disrupt air travel across a wide swath of the country heading into the weekend.
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FDIC Clears Way for Ford, GM to Set up Industrial Banks
The Federal Deposit Insurance Corporation announced Thursday it had approved deposit insurance applications from Ford Motor Company and General Motors Company, clearing the way for the auto manufacturers to establish industrial banks and begin providing financial...
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Trump to Add Times/Siena Poll to Defamation Lawsuit
President Donald Trump on Thursday railed against "fake polls," saying he would add the New York Times/Siena poll to his defamation claim against the news outlet.
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Gold Tops $4,900, Silver & Platinum Extend Record-Setting Rally
Gold pushed past $4,900 per ounce for the first time Thursday, powered by ongoing geopolitical tensions, a softer U.S. dollar, and expectations of Federal Reserve interest rate cuts, while silver and platinum prices hit fresh record highs.
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Bessent Says Trump, Xi Plan Multiple Meetings in 2026
U.S.-China trade relations have stabilized, Treasury Secretary Scott Bessent said Thursday, with the two economic powers now operating in a "very good equilibrium."
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Arkansas Winner Claims $1.8 Billion Powerball Jackpot
An Arkansas lottery player has stepped forward to claim the massive $1.8 billion Powerball jackpot drawn on Christmas Eve, choosing a one-time cash payout while keeping their identity private, according to state lottery officials.
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BofA, Citi Consider New Credit Cards With 10% Rate
Bank of America and Citigroup are considering options to offer new credit cards with an interest rate cap of 10% to satisfy President Donald Trump's demands, Bloomberg News reported Thursday.
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Trump Sues JPMorgan, Dimon for $5B Over 'Debanking'
President Donald Trump filed a lawsuit Wednesday seeking at least $5 billion from JPMorgan Chase & Co. and CEO Jamie Dimon, accusing the bank of cutting off his long-standing accounts for political reasons.
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Venezuela, Silver & Greenland: The US-China Power Split Is Reshaping the World
In the aftermatch of the Venezuela coup, the U.S. is entering a dynamic new world order.
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Massive Winter Storm to Slam US From Texas to Boston
Bread was flying off the shelves, salt was being loaded into trucks, and utility workers were nervously watching forecasts Thursday as a huge winter storm that could bring catastrophic damage, widespread power outages, and bitterly cold weather...
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Wall Street Extends Gains on Tariff Relief, Upbeat Data
Wall Street's main indexes continued to push higher Thursday, inching toward all-time highs, after President Donald Trump softened his tariff threat toward Europe, while a fresh set of economic data reinforced a resilient U.S. economy.
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AI's Productivity Promise Falls Short in the Real World
So far, artificial intelligence hasn't wiped out jobs , and it still can't function well without human judgment.
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Inflation Rose to 2.8% in November, Key Gauge Shows
The Federal Reserve's preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated.
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Trump: Greenland Agreement Still Being Negotiated
President Donald Trump said the details of a U.S. agreement over Greenland were still being worked out on Thursday, speaking one day after he stepped back from a tariff threat and ruled out the use of force to seize the Danish territory.
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Hassett: New Fed Chair Should Be 'Independent Person' Who Respects Mandates
White House adviser Kevin Hassett, one of the candidates in the running to replace Federal Reserve Chair Jerome Powell, told CNBC in an interview on Thursday that the central bank's new chair should be "an independent person who respects the mandates."
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Paramount Extends Warner Bros. Tender Offer to Feb. 20
Skydance-owned Paramount is again extending the tender offer window in its $77.9 billion hostile takeover bid for Warner Bros. Discovery, while doubling down on a coming proxy fight.Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece...
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US 3rd-Quarter Economic Growth Revised Upward to 4.4%
The U.S. economy grew a bit faster than initially thought in the third quarter, the government said Thursday, while corporate profits were also revised higher.
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Hour of the Opponents in Davos
Machiavelli is Dead, Long Live Freedom
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US Weekly Jobless Claims Increase Marginally
The number of Americans filing new applications for unemployment benefits increased less than expected last week, suggesting the labor market maintained a steady pace of job growth in January.
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P&G Revenue Misses Due to Weak US Spending
Procter & Gamble Thursday fell just short of Wall Street expectations for its second-quarter revenue, held back by weak consumer spending in core categories such as U.S. laundry detergent and toilet paper, which overshadowed strength in its beauty products.
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Morning Bid Americas: Davos Détente
World stocks bounced back after Trump's U-turn on Greenland tariffs late Wednesday, leaving markets pondering what the whole four-day drama was for - except as a reminder of how erratic U.S. policymaking has become.
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Higher Heating Costs Add to US Affordability Crunch
Madeline Marchiano realizes that this winter's runaway heating prices mean she can't afford to raise her thermostat enough to warm her entire South Philadelphia rowhouse.