business News

Dow tumbles more than 700 points as inflation and tariff fears mount - CNN

US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis.

Ozempic and Wegovy officially moved off FDA’s drug shortage list - The Hill

Surge in US Treasuries Sends 10-Year Yields to Two-Week Low - Bloomberg

How Much Gold Is in Fort Knox? Not Enough for Trump to Fix the U.S. Budget. - Barron's

Citigroup Rolls Back Diversity Initiatives—Here Are All The Companies Cutting DEI Programs - Forbes

Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

Watch Bay Area firm’s flying car in action as future arrives. How much will they cost? - Sacramento Bee

Alef Aeronautics of San Mateo, California, does a flight test of a flying car in city environment. Video shows it taking off vertically.

Celsius’ (CELH) Sharp Rally Causes Huge Losses for Short Sellers - TipRanks

Celsius Holdings’ ($CELH) planned acquisition of rival Alani Nu has resulted in significant losses for short sellers. These investors, who were betting on Celsius’ ...

Novo Nordisk shortage of Ozempic and Wegovy ends, threatening compounders - STAT

The FDA has declared an end to the shortage of Novo Nordisk’s blockbuster drug semaglutide, threatening the ability for compounding pharmacies to make copies of Ozempic and Wegovy.

U.S. Government Removing EV Chargers From All Federal Buildings Because They Are 'Not Mission-Critical' - Gizmodo

The more than 8,000 charging ports available to federal workers are going away.

Hackers steal $1.5bn from crypto exchange Bybit in biggest-ever heist - Financial Times

Theft deals blow to an industry that has been reinvigorated by Donald Trump’s re-election

Dow dives 700 points as latest data raise alarms about slowing economy - New York Post

The blue-chip index, along with the S&P 500 and the Nasdaq, moved decisively lower on the heels of the latest economic data, and continued their slide into afternoon trading.

Stock Market Today: Dow Falls 750 Points; Consumer Confidence Slides — Live Updates - The Wall Street Journal

Crypto exchange Bybit suffers $1.4 billion hack. Here’s why it’s troubling for the industry. - MarketWatch

The hack is the latest incident in which the crypto industry has been targeted

Internal Meta documents show which teams were hit the hardest in 'low performer' cuts - Business Insider

BI obtained data that specifies which teams were hardest hit by Meta's performance-based job cuts.

Stock Market Today: Dow Jones Plunges 700 Points; Nvidia Reverses Lower Amid CEO Remarks As Warren Buffett Report Looms (Live Coverage) - Investor's Business Daily

Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker - CNBC

Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday.

Warren Buffett's Annual Letter and Berkshire Earnings Come Out Saturday—What To Expect - Investopedia

Not only are investors looking to dig into Berkshire's financials, they are also keenly awaiting Buffett's annual letter to shareholders that may offer commentary on investments and the economy.

Apple yanks encrypted storage in U.K. instead of allowing backdoor access - The Washington Post

Apple disabled its most secure data storage offering for new customers in the United Kingdom rather than comply with a secret government order.

Pilot arrested at Logan Airport is wanted for sexual exploitation of a minor, prosecutor says - Yahoo

U.S. Customs and Border Protection learned of the warrant while conducting a standard review of the manifest of a Boston-to-Paris flight.

OCC Fires 76 Probationary Staffers, Joining Other Regulators (1) - Bloomberg Law

The Office of the Comptroller of the Currency is laying off 76 probationary employees, joining other federal banking regulators culling their workforces under an order from President Donald Trump.