Uber shares fall as strong dollar hits bookings outlook

FirstFT: Dollar hits 2-year high as interest rate assumptions change

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Financial Times - Jan. 13

Book Review: ‘Death of the Author,’ by Nnedi Okorafor

In Nnedi Okorafor’s new novel, “Death of the Author,” a once-struggling writer grapples with power, privilege, agency and art after her book becomes a life-changing hit.

The New York Times - Jan. 12

FEMA administrator warns winds could make wildfires 'dangerous and strong again’

FEMA Administrator Deanne Criswell on Sunday warned that winds could worsen the wildfires in the coming days, as she urged residents to heed public advisories to stay far away from their homes. ...

The Hill - Jan. 12

California fires weather forecast: Strong winds expected to increase fire danger

There has been a reprieve from the strongest winds in southern California, but winds are expected to pick up later into tonight, raising the fire danger.

ABC News - Jan. 11

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. - Jan. 10

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 - Jan. 11

New fears that strong winds will keep fueling Los Angeles wildfires

Deadly wildfires in Southern California remain mostly uncontained as of Friday evening. The Los Angeles County Medical Examiner's Office says at least 10 people have died. CBS News correspondent ...

CBS News - Jan. 10

Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.

The New York Times - Jan. 10

Healthy Deal Pipeline Fuels Revived IPO Outlook for 2025

Wall Street banks eye private-equity owned companies looking for exits as the lineup of projected public offerings grows.

Inc. - Jan. 10

The books members of Congress are reading

Since opening up an independent bookstore on Long Island, I’ve often been asked by my former colleagues in Congress for book recommendations. At the start of every new year, I survey members for ...

The Hill - Jan. 10

Book excerpt: "Brooke Shields is Not Allowed to Get Old"

The actress and New York Times bestselling memoirist returns with a new book about the empowerment that comes from calling out society's callous and short-sighted expectations of women as they age.

CBS News - Jan. 10

Live Updates: U.S. Job Growth Ends the Year Strong

Employers finished the year with a burst of hiring, adding 256,000 jobs in December. The unemployment rate ticked down to 4.1 percent.

The New York Times - Jan. 10

Delta Air is betting on a strong 2025 driven by demand for premium travel

Delta Air Lines Inc.’s stock jumped 3.4% in premarket trade Friday, after the carrier beat fourth-quarter profit and revenue estimates and forecast a strong 2025 driven by demand for premium travel.

MarketWatch - Jan. 10

Dollar dominance means tariffs are not the only game in town

America’s grip on global financial services could provide Trump with another source of leverage

Financial Times - Jan. 10

Why investors are still buying gold despite a strong dollar and rising Treasury yields

Gold prices settled Thursday at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt ...

MarketWatch - Jan. 10

Ubisoft Shares Fall After Net Bookings Slump, Assassin's Creed Delay

The stock dropped after the videogame maker said it expected a decrease in third-quarter net bookings and pushed back the release of its blockbuster game for a second time.

The Wall Street Journal - Jan. 10

UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.

UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.

MarketWatch - Jan. 9

M&S Christmas cheer hit by uncertain outlook for UK

Festive food sales jumped but the retailer is concerned about the British economy.

BBC News - Jan. 9

Greggs shares drop on sales slowdown

UK bakery chain blames ‘subdued high street footfall’ for weaker earnings

Financial Times - Jan. 9

Asia's central banks face a formidable challenge: An ascendant U.S. dollar

A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.

CNBC - Jan. 9

The dangerous combination fueling the L.A. fires: Exceptional dryness and strong winds

Prolonged drought, an exceptionally dry winter and powerful Santa Ana winds set up a dangerous triple whammy of extreme conditions that have fueled several out-of-control wildfires in the Los ...

NBC News - Jan. 9

First-time NBA All-Stars? These hopefuls have strong cases

Let’s take a look at some contenders, including Victor Wembanyama, who could make their All-Star debuts this February.

Yahoo Sports - Jan. 8

Amazon Books editorial director shares top reads to inspire New Year's reset

Amazon Books' editorial director Sarah Gelman joins "CBS Mornings" with recommendations to help reset your life in January and become the best version of yourself in 2025.

CBS News - Jan. 8

Strong winds fuel Eaton Fire in California, forcing evacuations

In Pasadena, California, the Eaton Fire prompted mandatory evacuations. It was the second brush fire that exploded on Tuesday, fueled by strong winds.

CBS News - Jan. 8

The week's bestselling books, Jan. 12

The Southern California Independent Bookstore Bestsellers list for Sunday, Jan. 12, 2025, including hardcover and paperback fiction and nonfiction.

Los Angeles Times - Jan. 8

Fast-moving wildfire destroys homes as strong winds hit southern California

Fire quickly consumed hundreds of acres in the Pacific Palisades, an affluent community north of Santa Monica. Follow live: Wildfire billowed by ‘life threatening’ windstorm sweeps southern ...

The Guardian - Jan. 8

Apple’s ‘decidedly unattractive’ outlook sparks rare bearish call on the stock

An analyst says Apple’s stock price bakes in only good news, but he sees more than 20% downside as negative developments pile up.

MarketWatch - Jan. 8

Delta links its loyalty program to Uber, ending partnership with Lyft

Starting this spring, Delta SkyMiles members will be able to earn loyalty points for Uber rides.

CNBC - Jan. 8

Strong winds fuel rapidly expanding wildfires in Southern California

A combination of hurricane-force winds and dry vegetation is fueling wildfires that are rapidly spreading in Southern California. Thousands have had to evacuate, some forced to abandon their cars ...

CBS News - Jan. 7

UK watchdog bans adverts featuring burning dollars

Posters from Islamic finance start-up Wahed Invest likely to cause ‘serious offence’, rules ASA

Financial Times - Jan. 8

US stocks slide as strong data sends Treasury yields higher

Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figures

Financial Times - Jan. 7

Uber and Lyft to offer driverless rideshare cars

Customers in Atlanta and Austin, Texas, will be able to hail one of these driverless rideshare cars via the Uber app.

The Hill - Jan. 7

Next Ups Guidance After Strong Christmas

Next lifted its fiscal-year outlook after Christmas sales were better than expected but said U.K. growth is likely to slow, as higher employer tax costs begin to filter through into the economy.

The Wall Street Journal - Jan. 7

Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company

Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like Ford and Tesla.

CNBC - Jan. 7

Nvidia chief calls robots ‘multitrillion-dollar’ opportunity

Jensen Huang unveils AI models for humanoids and self-driving car partnership with Toyota at CES keynote