Month: January 2025
Trump could declare national economic emergency to justify universal tariffs, CNN reports
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump is contemplating calling a national economic emergency to implement his wide-reaching tariff policies, four sources familiar with the matter told CNN. A declaration of this nature will give Trump power to create […]
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Apple’s inaccurate AI news alerts shows the tech has a growing misinformation problem
Jaap Arriens | Nurphoto | Getty Images An artificial intelligence feature on iPhones is generating fake news alerts, stoking concerns about the technology’s ability to spread misinformation. Last week, a feature recently launched by Apple that summarizes users’ notifications using AI, pushed out inaccurately summarized BBC News app notifications on the broadcaster’s story about the […]
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Private sector companies added 122,000 jobs in December, less than expected, ADP says
A worker adjusts hiring signage at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images Private sector job creation eased more than expected in December while wages grew at the […]
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British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024. Bloomberg | Bloomberg | Getty Images British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing growing demand for […]
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Stocks making the biggest moves premarket: SolarEdge, Novo Nordisk, Rigetti, Maplebear and more
Check out the companies making headlines before the bell. SolarEdge Technologies — The solar stock dropped 6%. Citi downgraded SolarEdge to sell from neutral, saying the company faces “stubbornly high” operating expenses despite its restructuring announcement. Shares moved 6.6% and 8% higher on Monday and Tuesday, respectively, after SolarEdge said in a filing Monday it […]
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Mortgage rates hit highest level since July, crushing application demand
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even […]
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Private equity reduces patient care while enriching investors, Senate report finds
A year-long bipartisan Congressional investigation into two private equity-backed U.S. hospital systems found that patient care deteriorated at both operations as their private equity owners reaped significant payouts on their investments in the systems. The findings reinforced academic research showing how private equity healthcare investments harm patients while enriching investors. The investigation was helmed by two senators […]
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European Union won’t allow attacks on borders, French minister says after Trump’s Greenland comments
France’s Foreign Minister Jean-Noel Barrot, pictured on January 3, 2025, has said the EU will not tolerate attacks on its territory after Donald Trump called for the U.S. to take control of Greenland. Omar Haj Kadour | Afp | Getty Images The European Union will not tolerate attacks within its borders, France’s Foreign Minister said […]
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Virginia Democrats maintain narrow legislative majorities after special election wins
The Virginia State flag and the American flag fly near the Virginia State Capitol. Drew Angerer | Getty Images Democrats won a pair of special legislative elections in Northern Virginia on Tuesday, according to The Associated Press, allowing the party to maintain its narrow majorities in both chambers. The special elections, both in districts in […]
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Wildfires rage in Los Angeles, forcing tens of thousands to flee
The Palisades Fire burns near homes amid a powerful windstorm on January 7, 2025 in Pacific Palisades, California. The fast-moving wildfire is threatening homes in the coastal neighborhood amid intense Santa Ana Winds and dry conditions in Southern California. Mario Tama | Getty Images News | Getty Images A rapidly growing wildfire raged across an […]
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