Business
FAA head Michael Whitaker to step down before Trump takes office
The head of the FAA, Mike Whitaker, will step down Jan. 20, leaving the key agency that oversees Boeing and ...
Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
President-elect Donald Trump rang the opening bell at the New York Stock Exchange.
This crypto play is the darling of Wall Street, making a bunch of 2025 top picks lists
High profit growth in the next year increase Block’s chances of being added to the S&P 500 index.
Trump has invited China’s President Xi Jinping to his inauguration
Outreach comes as Beijing seeks clarity on how relations with Washington will fare under incoming administration
A weather phenomenon dubbed ‘Dunkelflaute’ is causing havoc in Germany and pushing energy prices to 2-decade highs
A Dunkelflaute, a period of low wind and sun, is causing pain in Germany’s renewables sector. Read More
Marc Benioff warns excessive AI spending is a ‘race to the bottom’ and he plans to take advantage of it
Benioff has previously warned that AI is overhyped. Read More
ECB cuts interest rates by a quarter-point to 3%
Rate-setters warn Eurozone growth will be weaker than previously expected
Exclusive: This 31-year-old Google alum raised $75 million for a frontier tech fund backed by Marc Andreessen and Paris Hilton
Casey Caruso thinks that investors who deeply understand technology will win. Read More
A 31-year-old Google alum raised a $75 million fund to invest in emerging tech
Casey Caruso raised $75 million for Topology Ventures. Read More
Coinbase CFO says clearer rules for crypto will grow the industry and unlock banking relationships
Alesia Haas explains what the new landscape will mean for crypto firms and traditional financial services institutions. Read More
Vietnam property tycoon facing death penalty for $27 billion fraud appeals life sentence in separate money-laundering case
Truong My Lan was found guilty of money laundering worth $17.7 billion and illegal cross-border trafficking of cash worth $4.5 ...
Sterling hovers near highest level against euro since Brexit vote
Single currency weighed down by weak economy and expectations of interest rate cuts
HR leaders are burned out and eyeing the exit after years of nonstop work
CHROs have taken on more responsibilities but resources haven’t kept up. Read More
Political turmoil and eurozone gloom suggest third ECB rate cut incoming
The European Central Bank will seek a careful balance with its latest cut, wary of inflation, politics, and trade turbulence. ...
From Barnier’s fall to Bayrou’s rise? Suspense mounts as Macron prepares to pick new French PM
As Macron travels to Poland, France awaits a new PM to break the deadlock left by a toppled government. Read ...
German giant Bosch’s workers left in ‘absolutely unbearable’ environment amid plans for up to 10,000 layoffs
The car suppliers’ deputy chairman said he couldn’t rule out strikes this year as Bosch reels from low demand. Read ...
Keir Starmer and the Cummings consensus
The Tories fell short of their rhetoric — if the PM is following their path, he needs to learn why ...
Biden commutes 1,500 sentences and pardons 39 in biggest single-day act of clemency in modern history
The second largest single-day act of clemency was by Barack Obama, with 330, shortly before leaving office in 2017. Read ...
Why Kleiner Perkins’s Leigh Marie Braswell says AI agents ‘don’t work’
AI agents may replace humans in the future, but three VCs say we’re still a ways out from that reality. ...
Meet Trump’s ultra-rich administration: The wealthiest political team in history is collectively worth $474 billion
Tesla CEO Elon Musk and Silicon Valley VC Marc Andreessen are among the billionaires lending their support to President-elect Trump. ...
Justworks doesn’t regret whiffing on a 2022 IPO—and has no plans to go public next year either
The benefits startup says it doesn’t face pressure from an IPO tied to a compounding ratchet structure Read More
Joe Biden grants clemency to almost 1,500 people
Move comes less than two weeks after US president pardoned his son Hunter
China’s Instagram-style Xiaohongshu crosses $1 billion in profit
Started in 2013 as a shopping guide for Chinese tourists, Xiaohongshu now counts some 300 million monthly active users. Read More
Norway campaigns to cut energy links to Europe as power prices soar
Country’s energy minister describes ‘shit situation’ as domestic prices hit highest level since 2009
Donald Trump will ring NYSE opening bell as he’s named Time’s Person of the Year again
Trump was also named the magazine’s Person of the Year in 2016, when he was first elected to the White ...
Arizona claims Saudi firm’s ‘excessive’ groundwater pumping is a public nuisance
The lawsuit is the latest by Arizona against foreign companies that use huge amounts of water to grow crops for ...
Biden administration will hike tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
“The tariff increases announced today will further blunt the harmful policies and practices by the People’s Republic of China,” USTR ...
Ontario premier says energy supplies to the US will be cut off if Trump imposes tariffs on Canada
“We will use every tool in our tool box to fight back,” says Ontario Premier Doug Ford. Read More
Trump is a test for the ‘Great Man theory’
Modern historians are wary of ascribing change to individuals. Could that be about to change?
New Jersey bill targeting plastic packaging would require it to be recyclable or compostable by 2034
From bubble wrap to puffy air-filled plastic pockets, lots of what keeps items safe during shipping often ends up in ...
