business news
Here are 3 factors that drove the big swings in the stock market last week
It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest […]
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ECB makes euro backstop global to bolster currency’s role
The euro steadied near its lowest in a month on Wednesday, nursing steep losses this week as investors counted the cost of the U.S.-EU trade pact. Olena Malik | Moment | Getty Images The European Central Bank unveiled plans on Saturday to widen access to its euro liquidity backstop, making it globally available and permanent […]
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AI startups want to crack open the recipe book in Big Food’s test kitchens
In the world of big food, artificial intelligence is nothing new. McCormick, which owns brands including Frank’s RedHot, Cholula and Old Bay, has been using AI in flavor development for nearly a decade, with the company saying its development timelines have been cut by 20% to 25%, on average, by identifying promising flavor combinations and narrowing down which ideas are […]
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Berkshire CEO Abel praises Kraft Heinz for turnaround on planned split
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway’s new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz. In the food company’s Q4 earnings […]
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Lunar New Year gives luxury brands a chance to win back big spenders in China
Luxury brands from Harry Winston to Loewe are going all in on Lunar New Year collections in a bid to attract Chinese customers. Ahead of the Year of the Horse, which starts on Tuesday, Harry Winston unveiled a limited-edition, $81,500 rose gold watch with diamond bezels and a red lacquer horse. High-end fashion brand Chloé […]
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TSA agents are working without pay at U.S. airports due to another partial government shutdown
A TSA officer’s badge can be seen on their shirt as people travel through Hartsfield-Jackson Atlanta International Airport on November 7, 2025 in Atlanta, Georgia. Megan Varner | Getty Images A shutdown of the U.S. Department of Homeland Security that took effect early Saturday impacts the agency responsible for screening passengers and bags at airports […]
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U.S. and European interests are ‘intertwined’, Rubio says
The U.S. has no intention of abandoning its deep alliance with Europe and wants the region to succeed, U.S. Secretary of State Marco Rubio said on Saturday. “We care deeply about your future and ours,” Rubio told the Munich Security Conference. “We want Europe to be strong. We believe that Europe must survive, because the […]
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U.S. military preparing for potentially weeks-long Iran operations: Reuters
A state building is covered with a giant anti-U.S. billboard depicting a symbolic image of the destroyed USS Abraham Lincoln (CVN-72) aircraft carrier in downtown Tehran, Iran, on Jan. 28, 2026. Morteza Nikoubazl | Nurphoto | Getty Images The U.S. military is preparing for the possibility of sustained, weeks-long operations against Iran if President Donald […]
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What’s next for Cuba? Trump turns the screws as the island runs out of jet fuel
Cuba’s President Miguel Diaz-Canel (C) takes part in the “Anti-Imperialist” protest in front of the US Embassy against the US incursion in Venezuela, where 32 Cuban soldiers lost their lives, in Havana on January 16, 2026. Yamil Lage | Afp | Getty Images Cuba’s communist-run government is facing its biggest test since the collapse of […]
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It’s been a big — but rocky — week for AI models from China. Here’s what’s happened
The Alibaba stand at the World Artificial Intelligence Conference at the Shanghai World Expo Exhibition Center in Shanghai, China, on July 5, 2024. Nurphoto | Nurphoto | Getty Images While U.S. markets have been focused on the impact of Anthropic and Altruist’s tools on software and financial services, China’s tech giants have released AI models […]
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