Germany’s Economy Shrank in 2024. Politicians Vow to Revive It.

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  Germany’s Economy Shrank in 2024. Politicians Vow to Revive It.

  Candidates in the upcoming federal election are focused on lowering taxes and increasing public spending.
  
  The New York Times - 1h

• FirstFT: Germany’s economy contracts for second straight year

  Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI board
  
  Financial Times - 2h

• Biden delivers remarks on the economy

  Watch live coverage as President Biden delivers remarks on the economy from the White House. This comes as the U.S. economy added 256,000 jobs in December, according to a Bureau of Labor Statistics ...
  
  NBC News - 4d
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  New York City’s Economy Surged in 2024. A Trump Shake-Up Looms.

  The city has made up much of the ground it lost amid the coronavirus pandemic. Donald J. Trump’s return to the White House could upend that recovery.
  
  The New York Times - 5d
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  Asylum applications in Germany dropped by 30% in 2024

  Yahoo News - 5d
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  2024 Tried to Kill DEI. Could Costco Launch a Revival in 2025?

  Conservative activists have successfully convinced companies such as McDonald’s and Walmart to shut down their DEI programs. Costco said no.
  
  Inc. - Jan. 7
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  Germany to release inflation estimate for 2024

  Yahoo News - Jan. 6
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  Emeralds for Sale: The Taliban Look Below Ground to Revive the Economy

  The Taliban government is counting on Afghanistan’s bountiful gemstone and mineral resources after the loss of billions of dollars in international aid.
  
  The New York Times - Jan. 6
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  Ethiopia and Somalia vow to strengthen ties

  Yahoo News - Jan. 3

• Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.

  The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.
  
  MarketWatch - Jan. 2

More from The New York Times

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  Jeffrey Epstein’s Estate Got a $112 Million Tax Refund

  The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.
  
  The New York Times - 3h
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  Russell Vought Poised to Expand Power of White House Budget Office

  If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.
  
  The New York Times - 3h
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  Who Will Succeed Jamie Dimon? Contenders Narrow After JPMorgan Names Jennifer Piepszak as C.O.O.

  Jennifer Piepszak will become chief operating officer of JPMorgan, and said she would not seek the chief executive’s job. The current C.O.O., Daniel Pinto, plans to retire.
  
  The New York Times - 15h
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  Hollywood’s Filmmaking Continues Despite L.A. Wildfires

  Because of costs, few movies are shot locally, leaving the industry in a surreal spot: reeling from personal loss with much of the business untouched.
  
  The New York Times - 1d
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  Can the Only Grocery Store in a Rural Michigan Town Stay Independent?

  The owners of Honor Family Market are ready to retire. A buyer would face the tight margins of a small business and competition against the giant chains and discount stores.
  
  The New York Times - 1d

More in Business

• Goldman Sachs tops estimates on strong trading results

  Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.
  
  CNBC - 11m

• Bond king Gundlach says investors have ‘left the bus’ as yields spike during Fed cuts. Here’s his advice.

  DoubleLine Capital’s chief investment officer and founder Jeff Gundlach sounded off on the economy and markets in webcast to clients late Tuesday.
  
  MarketWatch - 11m

• Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

  The fourth quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
  
  CNBC - 16m

• South Korea's President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree

  This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3.
  
  CNBC - 18m
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  JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits

  The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.
  
  The New York Times - 20m