Exports December Grew

Biden Administration Makes Last-Ditch Effort to Curb AI Chip Exports

The new rules meant to govern exports of sophisticated AI processors are meant to address national security concerns, but have already provoked an industry pushback.

Inc. - 3h

Foot-and-mouth outbreak in Germany forces meat and dairy export ban

Non-EU countries announce curbs after outbreak of viral disease in eastern state

Financial Times - 4h

US imposes export controls on chips for AI to counter China

US semiconductor industry warns move will aid competitors

Financial Times - 5h

China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs

China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald Trump

ABC News - 16h

China's Export Boom Means Trump Tariffs Would Hit Beijing Where It Hurts

The country’s economy is increasingly reliant on foreign demand for goods pouring out of Chinese factories.

The Wall Street Journal - 16h

Biden administration proposes new restrictions on AI chip exports

The proposal is raising concerns with the chip industry, with artificial intelligence leader Nvidia calling it "misguided."

CBS News - 7h

China's imports post surprise growth in December; exports beat expectations as higher tariffs loom

Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.

CNBC - 14h

Italy frees Iranian wanted by US for alleged illegal drone tech exports to Tehran

Rome decision comes days after release of Italian journalist held in Iran’s notorious Evin prison

Financial Times - 1d

Stock market plunges after better-than-expected December jobs report

The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...

CBS News - 2d

Timeline shows warnings escalated quickly as L.A. fire danger grew

CBS News examined public statements and warnings to trace how authorities sounded the alarm about the L.A. fires as conditions worsened. Here's what we know.

CBS News - 2d

The unemployment rate for Black women fell in December, following a sharp rise

Black women saw a decline in the unemployment rate in December, as it slipped to 5.4%. That is an improvement from November’s rate of 5.9%.

CNBC - 3d

U.S. Employers Add 256,000 Jobs in December

A December gain of 256,000 blew past forecasts, and unemployment fell to 4.2 percent. But markets recoiled as interest rate cuts seemed more distant.

The New York Times - 3d

Here’s where the jobs are for December 2024 – in one chart

December's job report marked another month of stronger-than-expected growth, with gains coming in many different areas of the U.S. economy.

CNBC - 3d

The Most-Downloaded PS5 Games Of December 2024

Sony has shared the most-downloaded PlayStation 5 games of December 2024, and to no one's surprise, Call of Duty: Black Ops 6 once again retains its stranglehold on the No. 1 slot. It's simply ...

GameSpot - 3d

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

CNBC - 3d

December jobs report exceeds expectations

The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.

CBS News - 3d

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - 3d

U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%

The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...

NBC News - 3d

US adds whopping 256K jobs in December

The U.S. added 256,000 jobs and the unemployment rate ticked down to 4.1 percent in December, according to data released Friday by the Labor Department. The December jobs report showed the U.S. ...

The Hill - 3d

December jobs report expected to show hiring slowdown

The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...

CBS News - 3d

Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views

The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.

The Wall Street Journal - 3d

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - 3d

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - 4d

December jobs report forecast is 155,000. But here’s the number investors really should watch.

Rising unemployment prodded the Federal Reserve to cut interest rates last fall despite lingering inflation — and the jobless rate could still be the deciding factor for future rate cuts.

MarketWatch - 4d

Biden administration planning new AI chip export limits that would hit Nvidia, report says

The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.

MarketWatch - 4d

China's consumer inflation slows further in December, stoking deflation worries

China's consumer prices in December edged up 0.1% in line with expectations from a year earlier, National Bureau of Statistics showed Thursday, fanning deflation concerns.

CNBC - 4d

Export-Import Bank launches initiative to counter China's mineral dominance

The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S. supply chains. The Export-Import Bank (EXIM), a ...

The Hill - 5d

Private sector companies added 122,000 jobs in December, less than expected, ADP says

Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.

CNBC - 5d

Services index shows big jump in prices for December as companies fear tariffs

The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.

CNBC - 6d

Euro zone inflation rose to 2.4% in December, meeting expectations

Economists polled by Reuters forecast a reading of 2.4%, up from 2.2% in November.

CNBC - 6d

UK house prices dipped in December, says Halifax

Decline is first for nine months although prices still 3.3% above last year

Financial Times - 6d

December sales provide little cheer for retailers

Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.

BBC News - 6d

The economy grew rapidly in the past 2 years. Can it keep it up under Trump 2.0?

The economy has grown rapidly in the past two years and companies hope to get another lift from a business-friendly Trump White House — but stiffer headwinds could clip the sails of the U.S. in 2025.

MarketWatch - 6d