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China's surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.
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Top prosecutors in D.C., Minneapolis leave amid turmoil over shooting probe The Washington PostSix Prosecutors Quit Over DOJ Push to Investigate Renee Good's Widow The New York TimesJoe Thompson, Minnesota's top federal fraud prosecutor, quits over ICE shooting probe MPR NewsAt least 6 Minnesota federal prosecutors resign amid pressure to treat Renee Good killing as assault on ICE agent CBS News
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Big financial companies expand beyond traditional securities to arbitrage event contracts in sport and politics
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7 highlights from Trump's interview with CBS News: Iran, Renee Good, Jerome Powell and his own morality CBS NewsTrump says CBS anchor Tony Dokoupil wouldn't have job if Kamala Harris had won The GuardianTrump Interview Eats Up Nearly Half of ‘CBS Evening News' Broadcast With Tony Dokoupil VarietyThe Dokoupil Dud status.news
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Saks' CEO Baker to Exit Luxury Retailer Ahead of Bankruptcy Bloomberg.comSaks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse ReutersSaks Global Files for Bankruptcy, Undone by Debt and a Luxury Slump The Wall Street JournalSaks Files for Bankruptcy as Department Stores Fight for Survival The New York Times
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China's exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.
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Stock Market Today: Dow Opens Higher After CPI Shows Prices Rose 2.7% in December — Live Updates The Wall Street JournalStock market today: S&P 500, Dow, Nasdaq fall as CPI inflation eases, JPMorgan kicks off earnings Yahoo FinanceDow Leads Light Stock Market Declines; Why JPMorgan Chase's Sell-Off Wasn't A Sell Signal, For Now Investor's Business DailyWall Street falls with financials amid credit card rate plan concern Reuters
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Beef, coffee and produce were among the items that surged in price, inflation data showed.
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Ares Management has raised more than $7bn for its credit secondaries strategy, including about $4bn for its inaugural Ares Credit Secondaries Fund.
The post Ares storms to $7bn for credit secondaries strategy, including $4bn for its biggest-ever inaugural fundraise appeared first on AltAssets Private Equity News.
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Venture capital investment giant Andreesen Horowitz has raised more than $15bn of new capital across a string of investment funds - representing over 18% of all VC dollars allocated in the US last year, according to firm co-founder Ben Horowitz.
The post Andreessen Horowitz hauls in more than $15bn of new fund capital appeared first on AltAssets Private Equity News.
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Rosberg Ventures, the VC firm launched by former F1 racing driver Nico Rosberg, has sealed $100m for the final close of its third fund.
The post Formula One World Championship winner Nico Rosberg's venture capital firm closes $100m Fund III appeared first on AltAssets Private Equity News.
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Wall Street executives warn Trump: Stop attacking the Fed and credit card industry AP NewsThe biggest hurdle to Trump's credit card proposals? His own party. PoliticoBanks warn consumers will be hurt by Trump's 10% cap on credit card interest rates ReutersJPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' CNBC
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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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Claudette Colvin, unsung civil rights pioneer, dies at 86 The Washington PostClaudette Colvin, US civil rights pioneer, dies at 86 BBCClaudette Colvin, who refused to move seats on a bus at start of civil rights movement, dies at 86 CNNClaudette Colvin, who refused to move seats on a bus at start of civil rights movement, dies NPRCivil rights hero Claudette Colvin dies at age 86 Montgomery Advertiser
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Steve Bisciotti: My instincts told me this was the time to fire John Harbaugh NBC SportsRavens owner followed 'instincts' in firing coach ESPNJohn Harbaugh Has Apparently Received $20 Million Offer From NFL Team Yahoo SportsGiants, Falcons, Titans emerge as favorites to land John Harbaugh: Sources The New York Times
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US approves sale of Nvidia's advanced H200 chips to China BBCUS Clears Path for Nvidia to Sell H200s to China Via New Rule Bloomberg.comTrump Administration Enacts Security Rules for Nvidia's China Chip Sales The Wall Street JournalUS gives green light to Nvidia H200 chip exports to China Yahoo FinanceNvidia Stock Meanders Ahead Of Taiwan Semiconductor's Results; Is Nvidia A Buy Or Sell Now? Investor's Business Daily
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Google Momentum Continues Amid Apple Deal As Software Stocks Hammered Investor's Business DailySergey Brin Becomes World's No. 3 Richest—Overtakes Jeff Bezos, Larry Ellison After Alphabet Hits $4 Trillion ForbesGoogle passes historic $4 trillion threshold MashableAlphabet hits $4 trillion market capitalization CNBC
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Rooted in the work of psychologist Carl Jung, brand archetypes reflect universal human patterns. Use them as a strategic operating system.
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Steve Bisciotti: Lamar Jackson, veteran players didn't play large part in John Harbaugh decision NBC SportsRavens owner followed 'instincts' in firing coach ESPNGiants, Falcons, Titans emerge as favorites to land John Harbaugh: Sources The New York TimesWho's now the NFL's longest-tenured head coach? Yahoo Sports
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Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.
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Fears are brewing over an oil-price shock that could rattle markets and the economy Business InsiderOil pauses gains as Venezuela shipments resume, but Iran concerns loom ReutersWorld's most vital oil chokepoint back in focus amid possible U.S. action against Iran CNBCOil Hits $65 as Geopolitical Risks Swirl From Iran to Black Sea Bloomberg.com
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Deepgram's round brings its valuation to $1.3 billion at a time when voice AI companies are attracting big money.
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Make Driving Great Again: President Trump Showcases American Auto Industry's Revival in Michigan The White House (.gov)Live Updates: Trump Delivers Economic Speech on Michigan Trip The New York TimesTrump declares an 'economic boom' as Americans continue to worry over prices NBC NewsMultiple protesters arrested outside Trump's speech in Detroit Detroit Free Press
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The chip maker is almost sold out of server CPUs this year, while demand for its AI chips should support up to $15 billion in revenue, KeyBanc said.
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The gift was the largest in the organization's history.
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BNY raised a pair of key medium-term performance targets on Tuesday.
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JPMorgan Chase has reached a deal to take over the Apple credit card from Goldman Sachs, the two banks said late Wednesday.
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When your brand is core to the growth engine, you need to learn how to drive.
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CBS News editor in chief Bari Weiss shelved a "60 minutes" segment because she said it needed additional reporting, including an interview with a Trump administration official.
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Committee chair warns the decision risks undermining Washington's strategic advantage over Beijing in cutting-edge AI
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Although their share prices may have moved in different directions recently, both of these stocks still look rather promising at today's prices.
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After two years of shipping delays and rising delivery costs, relief is in sight. By the end of the year, a marked improvement will be seen compared with a year ago.
The numbers of new drivers and trucks have picked up, easing constraints, though chassis shortages will likely continue into 2023. Spot market rates for trucks, excluding fuel surcharges, have dropped 30% from their peak earlier this year. They should decline a bit more, ending 2023 about 5% above their prepandemic level, according to Avery Vise, Vice President of Trucking at FTR Transportation Intelligence. Contract rates are typically slower to respond, and should ease to 17% above their prepandemic level by the end of 2023. Also, diesel prices are still 65% above prepandemic, so fuel surcharges will continue to be higher than normal. However, if a recession happens next year, then both volumes and rates will tumble.
SEE MORE 5 Stocks Making the Most of Supply-Chain Issues
Congestion at East Coast ports should ease in the next few months as a new labor contract is likely to be signed for West Coast dockworkers, allowing more vessels to return to using West Coast ports. Ship traffic from Asia is easing as 70% of retailers shipped early this year ahead of the holiday season, after getting burned last year, according to Ken Hoexter, a managing director at Bank of America. Ocean freight rates from China to the West Coast have fallen to $3,900 per 40-foot container, though that is still $2,500 more than the prepandemic average.
Rail freight is the problem child, according to Todd Tranausky, vice president of rail & intermodal at FTR. Freight has been moving at slower than normal speeds this year because of crew staffing shortages. Prior to the pandemic, the railroads embarked on a cost-cutting and labor-saving spree, reducing the wor
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