business News

Welcome to California. Pay your fire tax. - POLITICO

Wildfire insurance is the clearest sign yet of climate change hitting voters’ pocketbooks.

Elon Musk calls for the U.S. government to delete entire agencies: 'Remove the roots of the weed' - CNBC

"I think we do need to delete entire agencies, as opposed to leave part of them behind. ... It's kind of like leaving a weed," Musk said.

Trump’s Immigration Policies Has This AI Researcher Worried He Will Have to Leave - Barron's

Retail investors bought the dip after hot CPI. This Goldman strategist says the tide is about to turn. - MarketWatch

Barclays shares sink 5% as fourth-quarter profit hike and 2025 guidance fail to impress - CNBC

British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.

UK economy ekes out 0.1% growth in the fourth quarter, beating expectations - CNBC

The U.K. economy grew by 0.1% in the fourth quarter, beating expectations, after recording zero growth in the previous three months.

Sony raises full-year forecasts after solid PlayStation 5 sales in the holidays - CNBC

The December quarter is a key period for Sony, covering the holiday shopping season which is often a lucrative time for consumer electronics firms.

Germany's second-largest lender Commerzbank to cut 3,900 jobs as it unveils new targets - CNBC

Commerzbank announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.

Elon Musk will withdraw bid for OpenAI’s nonprofit if its board agrees to terms - TechCrunch

A lawyer for Elon Musk said the billionaire will withdraw his bid for OpenAI's nonprofit if OpenAI's board of directors agree to terms.

Chocolate love has its price on Valentine's Day as cocoa costs make hearts shudder, not flutter - The Associated Press

Valentine's day and the whiff of chocolate and cocoa are in the air. The price of cocoa beans is setting unprecedented records on the commodities market and it will certainly turn the gift of love into a bigger financial commitment than it once was. The shock…

Elon Musk calls for US government to ‘delete entire agencies’ - The Associated Press

Elon Musk has called to “delete entire agencies” from the United States’ federal government. Musk has consolidated control over large swaths of the government with President Donald Trump’s blessing since assuming leadership of the Department of Government Eff…

The latest inflation report shows that high prices are Trump’s major economic challenge - The Associated Press

Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he expected. Wednesday’s consumer price index report showed that Trump could end up facing the same challenges that dragged down his predecess…

Oil giant Chevron to cut thousands of jobs as it seeks billions in savings - The Washington Post

The layoffs will eliminate 15 to 20 percent of the global workforce, said the company, which wants to reduce annual operating expenses.

In-N-Out to close longtime headquarters as company prepares to open Nashville office - USA TODAY

In-N-Out announced that it will close its Irvine office by 2029 on Monday as it readies to open dual headquarters, including in Nashville.

Futures Rise Amid Big Movers; Market Shrugs Off Hot Inflation - Investor's Business Daily

Jamie Dimon Sounds Off on Remote Work, Bureaucracy, ‘Pablum and Bulls—’ - Barron's

AppLovin Stock Surged Nearly 30% After Earnings—Watch These Key Price Levels - Investopedia

Fourth quarter earnings and projections for the current quarter that blew past analyst estimates sent AppLovin stock soaring. Monitor these crucial price levels.

X reaches $10 million settlement with Trump over prior suspension of his Twitter account - CBS News

The social media platform X will pay President Trump $10 million to settle a lawsuit over the suspension of his account in the wake of the Jan. 6 Capitol attack.

DOGE to examine NASA payments - SpaceNews

NASA’s acting administrator says DOGE will be examining payments at the agency but that safeguards are in place to prevent conflicts of interest.

‘No Need to Rush In,’ Says Oppenheimer About Tesla Stock - TipRanks

Tesla (NASDAQ:TSLA) shares rose 2.5% today, but the stock remains down ~17% year-to-date, suggesting the post-election rebound is losing momentum. The initial surge...