Fed Companies Boasted Unusually High Profits after Supply Issues Eased
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Consumer sentiment climbs to 2½-year high as inflation eases
Americans express increasing confidence that inflation will continue to ease — and reduce the financial strain on households.MarketWatch - Business -
Corporate profits hit record high as economy boomed in fourth quarter of 2023
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic stimulus juiced the U.S. economy. GDP came in at a 3.4 percent increase, below the massive bump of 4.9 ...The Hill - Politics -
Supply chain fears after crash
The Francis Scott Key Bridge, which collapsed on Tuesday, spanned the ninth-busiest port in the US.BBC News - Top stories -
US-China Decoupling Poses Supply Chain Risks for Drug Companies
A proposed bill in Congress targets Chinese biotech businesses that play an important role in developing drugs.The Wall Street Journal - World -
Companies Are Seeking Real-World Supply-Chain Gains in New AI Tools
Logistics firms are targeting cost savings as well as faster and more efficient deliveries as they incorporate generative AI into operations.The Wall Street Journal - World -
Qantas Investigating Airbus Plane After Engine Issue
Qantas engineers will inspect an Airbus A330 after pilots shut down one of its engines on a flight between Melbourne and Perth on Monday night.The Wall Street Journal - World -
Qantas Investigating Airbus Plane After Engine Issue
Qantas engineers will inspect an Airbus A330 after pilots shut down one of its engines on a flight between Melbourne and Perth on Monday night.The Wall Street Journal - Business -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
After a dementia diagnosis, these 3 questions can help ease money worries
Ways to figure out whether your savings will cover your care.MarketWatch - Business -
Tech companies anticipating the enormous quantities of electricity that will be needed to power the advance of artificial intelligence are looking to utilities for reassurance about supplies.
Tech companies anticipating the enormous quantities of electricity that will be needed to power the advance of artificial intelligence are looking to utilities for reassurance about supplies.The Wall Street Journal - World -
Feds offer reward after UnitedHealthcare hack
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story State Department offers bounty for hack information The State Department said it would provide a $10 million reward for information about the ...The Hill - Politics -
FAA to increase oversight of United Airlines after recent issues
The Federal Aviation Administration (FAA) is increasing its oversight of United Airlines in the wake of recent incidents, including a plane losing a tire during takeoff, the airline said Friday. Sasha Johnson, United’s vice president of corporate ...The Hill - Politics - Travel -
Kevin Bacon to visit 'Footloose' high school after viral campaign
‘Footloose’ star Kevin Bacon will return on prom day to the school where the iconic movie was originally filmed four decades ago, Bacon announced on the Today Show on Friday. Bacon’s announcement follows a student-led push for the actor to return ...The Hill - Politics -
German terrorist assessment high but unchanged after Russian attack
Yahoo News - World - Germany -
Cocaine haul found after high-speed boat chase
Colombian authorities seize over three tonnes of cocaine following a chase at sea, their largest haul of 2024.BBC News - Top stories -
Walmart to refile paperwork on Vizio deal after ‘informal’ antitrust talks with feds
Walmart Inc. and smart-TV maker Vizio Holding Corp. said late Wednesday that they would refile paperwork related to their proposed merger.MarketWatch - Business -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
Biden trolls Trump for boasting about golf trophies: 'Quite the accomplishment'
President Biden poked fun at former President Trump for boasting about winning two golf trophies at his own golf club’s awards last night on Sunday. “Congratulations, Donald. Quite the accomplishment,” Biden wrote on X, formerly Twitter. Biden ...The Hill - Politics - Joe Biden -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
Learn more about the unique, unusual sport of skijoring
Skijoring is a sport that's been around for over a century but remains a mystery to many. The sport combines a bit of the Old West with some newfangled ski tricks for a one-of-a-kind experience.CBS News - Top stories -
An Unusual Referee Substitution in the Women’s N.C.A.A. Tournament
An officiating change was made at halftime of the N.C. State-Chattanooga game because of the “background conflict” of a referee.The New York Times - Sports -
Israel cancels high-level meeting in Washington after U.S. abstains on cease-fire resolution
Israel believes the chances of a ceasefire deal in the near future are “50/50 right now,” an Israeli official told NBC News today.NBC News - Top stories - Israel -
40 Years After ‘Footloose,’ Kevin Bacon Just Agreed to Go to Prom at the High School Where it Was Filmed
Payson High School, where the movie was filmed, will be torn down after this school year.Inc. - Business -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
Commercial real estate is itching for a rebound two years after start of Fed rate hikes
Demand for office leases is picking up, but interest rates are still a wild card.MarketWatch - Business - Federal Reserve -
Two people die after falling into the Atlantic along Spain’s north coast during high wind warnings
Yahoo News - World -
Four people die in Spain in separate incidents after falling into sea along coast amid high winds
Emergency services in Spain say that four people have died in three separate incidents on Spain’s Atlantic and Mediterranean coastlines after falling into the seaABC News - Top stories -
Former Watergate prosecutor weighs in on recent Trump gag order: 'This is so unusual'
Former Watergate prosecutor Nick Akerman said Wednesday that the gag order recently imposed on former President Trump in his New York hush money trial is “so unusual.” “I think what the viewers have to understand is, this is so unusual,” Akerman ...The Hill - Politics - Donald Trump -
Reddit shares rise 30% to start week after social media company's IPO
Reddit shares climbed 30% to $59.80 at the market's close on Monday.CNBC - Business -
Trump's net worth reportedly soars to $6.5 billion after media company stock jumps
Trump's social media company completed a merger, and a NY appeals court lowered the amount of cash he needs to pause a $454 million civil fraud penalty.CNBC - Business - Donald Trump -
Trump Media stock jumps as much as 50% after DJT ticker debut
Donald Trump last used the DJT stock ticker for a casino and hotel operator. He is hoping his social media company does better than the last firm did.CNBC - Business - Donald Trump -
Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
Baltimore's Francis Scott Key Bridge collapsed after the 10,000 container-capacity vessel Dali collided with a bridge pillar. Rescue efforts are underway.CNBC - Business -
6 workers presumed dead after cargo ship crash destroys Baltimore bridge
The Francis Scott Key bridge in Baltimore, Maryland, partially collapsed early Tuesday, police said. It was hit by a ship, officials said.NBC News - Top stories -
USMNT extends dominance over Mexico, eases pressure on Berhalter
The U.S. looked more like itself to win the Concacaf Nations League, but tougher tests await in Copa America.ESPN - Sports -
Comex Gold Settles 0.04% Higher at $2175.60
Front month Comex gold for March delivery gained 0.04% to settle at $2175.60 per troy ounce.The Wall Street Journal - World -
EU may allow Ukraine eased entry into bloc
Yahoo News - World - Ukraine -
China Industrial Profits Return to Growth
China’s industrial profits returned to growth at the start of the year, adding to signs that the world’s second-largest economy is on stronger footing.The Wall Street Journal - World - China -
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
The U.N. Security Council approved a resolution calling for an immediate cease-fire in Gaza after the U.S. allowed it to pass by abstaining, prompting Israel to withdraw from scheduled high-level meetings with the Biden administration.
The U.N. Security Council approved a resolution calling for an immediate cease-fire in Gaza after the U.S. allowed it to pass by abstaining, prompting Israel to withdraw from scheduled high-level meetings with the Biden administration.The Wall Street Journal - World - Joe Biden -
Nevada's first big-game moose hunt will be tiny as unusual southern expansion defies climate change
It will be a very tiny big-game hunt for one of the largest animals in North AmericaABC News - Tech - Climate