American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
Case over pension scheme management highlights rising risks of legal challenges over environmentally-focused policies
Read more at Financial Times
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Fund managers to warn FCA over US activist’s plans to shake up UK trusts
Saba Capital has taken stakes in seven trusts and called on investors to vote for changes to their boardsFinancial Times - 1d -
American Airlines’ stock snags three upgrades to reflect better backdrop in 2025
Analysts say headwinds from 2024 were transitory.MarketWatch - 3d -
Judge holds Giuliani in contempt for failing to turn over property to poll workers
A federal judge in New York held Rudy Giuliani in contempt of court for failing to turn over personal property to two Georgia election workers he defamed.ABC News - 4d -
Truck-ramming suspect used wrong device in failed detonation of IEDs: Officials
The suspect in the deadly New Year's Day truck ramming attack in New Orleans made two previous trips to the city in October and November 2024, the FBI said.ABC News - 5d -
Forget talk of defending workers, the US visa feud is about the market’s needs
Whether in America or Britain, working-class people only matter when immigration is an issue. On the one side stand Silicon Valley moguls and leaders of corporate America; on the other, ...The Guardian - 5d -
New Orleans attacker used very rare explosive in bombs, officials say
Shamsud-Din Jabbar used a rare explosive in New Orleans that has never before been used in a U.S. or European terrorist attack. A key question is how he learned of the explosive and managed to ...NBC News - 6d -
Despite Blocked US Steel Bid, Japan Won’t Stop Seeking American Deals
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt.The New York Times - 6d -
Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...The Hill - Jan. 3
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Treasury yields jump after US jobs report smashes expectations
Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cutsFinancial Times - 4h -
A time for truth and reconciliation
Trump’s return to the White House augurs the ‘apokálypsis’ of the ancien regime’s secretsFinancial Times - 12h -
Gilts take the global strain
As yields rise around the globe, UK government bonds have been put in a difficult placeFinancial Times - 7h -
Labour intensifies push for growth to avoid ‘disastrous’ tax rises
Punishing week on bond markets ends with UK government borrowing costs significantly higherFinancial Times - 4h -
Reeves seeks to revive City of London links with China
Chancellor to promote closer ties between London and Shanghai stock exchanges while on Beijing tripFinancial Times - 1h
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Strong Job Market Could Prove Costly for Homebuyers and Businesses. Here’s Why
The job market has shown resilience with unemployment falling to 4.1 percent last month.Inc. - 15m -
Nordstrom raises sales outlook after holiday season was better than feared
CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."CNBC - 1h -
Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025
U.S. stocks are down so far in 2025 as market volatility climbs.MarketWatch - 1h -
Mexico to Avoid U.S. Tariffs, Economy Minister Says
President-elect Donald Trump wants tariffs if Mexico doesn’t comply with his border goals.Inc. - 1h -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - 1h