Latest in Treasury yields nudge higher from 9 day lows on cooler inflation data; retail sales up next.
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Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - Jan. 3 -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - Jan. 3 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3 -
Treasury yields end higher after ISM’s stronger-than-expected manufacturing data
Yields on U.S. government debt finished slightly higher on Friday after a manufacturing-related reading showed signs of improvement for the struggling sector.MarketWatch - Jan. 3 -
Ford, Rivian stocks get boost from sales after rival Tesla’s numbers fall short
Rivian and Ford shares are on the rise after both carmakers touted growth in EV sales.MarketWatch - Jan. 3 -
The Biggest U.S. Retailers Increased Their Dominance in 2024
Using distinct but overlapping business models, Amazon, Costco, and Walmart captured over half of recent growth in retailing, and are squeezing smaller rivals hard.Inc. - Jan. 3 -
Covid surges across US after holidays amid low booster uptake
Test positivity, emergency room visits, hospitalizations and deaths are increasing as expert warns: ‘It’s still dangerous’. . Covid is once again surging across the US after an unusual relative ...The Guardian - Jan. 3 -
After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.The New York Times - Jan. 3 -
Sabres Hit New Low In Latest Epic Collapse
The Sabres suffered another ugly loss, this time to the Avalanche.Yahoo Sports - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
Trump announces new treasury and ambassador nominees
President-elect Trump announced several appointments for his Treasury Department and choices for ambassadors for two European countries. In multiple Thursday Truth Social posts, Trump outlined who ...The Hill - Jan. 3 -
India’s next digital payments boom
Also in this newsletter: Is India’s stock market run waning and some New Year’s Eve party statsFinancial Times - Jan. 3 -
Pro Bowl rosters include 9 Ravens, no Mahomes
Nine Baltimore Ravens, including two-time NFL MVP Lamar Jackson and Derrick Henry, were selected for the Pro Bowl Games. Patrick Mahomes wasn't selected for the first time since becoming Kansas ...ESPN - Jan. 2 -
10-year Treasury yield ends not far from 7-month high as new trading year begins
Yields on U.S. government debt ended little changed on Thursday, leaving the benchmark 10-year rate near its highest level since late May.MarketWatch - Jan. 2 -
‘It’s devastating’: New Orleans reels from deadly New Year’s Day attack
As life in the historic French Quarter tried to return to normal, the grief and sadness among residents was acute. At the cross-street of Bourbon and Saint Phillip, a few dozen yards from the ...The Guardian - Jan. 2 -
Tesla sales declined for first time in a decade
Tesla sales for 2024 declined for the first time in 10 years despite enticing financing offers and low-priced leases. CBS MoneyWarch correspondent Kelly O'Grady has more on the alarming trend. ...CBS News - Jan. 2 -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - Jan. 2 -
GOP lawmakers request Yellen briefing on Chinese hackers' Treasury breach
Republican lawmakers are swiftly urging the Treasury Department to provide answers on a recent cybersecurity attack from China that infiltrated various workstations, as outlined in ...The Hill - Jan. 2 -
Tesla's annual sales drop for the first time in a decade
Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.CBS News - Jan. 2 -
What to expect next from FBI, DHS after the New Orleans truck attack
Several federal agencies, including the Department of Homeland Security and the FBI, continue to investigate the deadly truck attack in New Orleans. CBS News national security contributor Sam ...CBS News - Jan. 2 -
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 -
5 New Year’s resolutions for higher education
Just over half of Americans believe higher education has a positive effect on the country, and majorities of both parties think higher education is unaffordable and headed in the wrong direction.The Hill - Jan. 2 -
Batting Around: Predicting the next five years of MLB, from best player and team to most significant change
We're halfway through the 2020s -- so what's next?CBS Sports - Jan. 2 -
2025: The Year Commercial Space Reaches Even Higher?
Space is open for business, and with a entrepreneur astronaut tapped to lead NASA, the promise of startups and small private space companies may be a hallmark of 2025. And, of course, giant rockets.Inc. - Jan. 2 -
Moment pick-up truck enters busy street on New Year's Day
CCTV catches moment pick-up truck turns into a busy street in New Orleans killing several people.BBC News - Jan. 2 -
9 European Exhibitions Worth Traveling for in 2025
From big shows in London and Amsterdam to a Cézanne tribute in the south of France, these art experiences will be worth the journey.The New York Times - Jan. 2 -
El Salvador closes 2024 with a record low number of homicides
El Salvador closed 2024 with a record low 114 homicides, continuing notable security gains under a second full year of a state of emergency that has given the government extraordinary powers and ...ABC News - Jan. 2 -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - Jan. 2 -
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
Russian officials have warned of severe environmental damage as thousands of people came out to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two weeks ago in ...ABC News - Jan. 1 -
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Devils Edge Out Kings in Low-Scoring Standalone Matchup on New Year's Day
The New Jersey Devils are tied with the Minnesota Wild for the best road goals against average at 2.47Yahoo Sports - Jan. 1 -
New Year's Day: Top five juiciest NFL stories for 2025, from NFC North race to unpredictable coaching cycle
Which headlines will draw the most attention?CBS Sports - Jan. 1 -
Data extracted from first Jeju Air black box, South Korea says
A second black box, which was damaged in the crash, will be sent to the US for analysis.BBC News - Jan. 1 -
South Korea plane crash investigators extract data from Jeju Air black box
Authorities hope for vital clues as contents of cockpit recorder are converted into audio format. Investigators in South Korea have extracted data from one of two black boxes retrieved from a ...The Guardian - Jan. 1 -
Why 2025 will redefine data infrastructure: 11 expert insights on sovereign clouds, exploding data, PaaS and more
Key predictions from data infrastructure industry experts and vendors to help enterprises tap the AI opportunity for growth in 2025.VentureBeat - Dec. 30
