• Profits at Wall Street Banks Jump on Trading, Deals
  
  Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday.
• Apple, Samsung Smartphone Shipments Fall as China Sales Rise
  
  Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) Monday.
• P&C Insurers Slide as L.A. Wildfire Losses Mount
  
  U.S. property and casualty insurance stocks slid in premarket trading Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los Angeles, California.
• Trump's EV Policies Cloud Carmakers' 2025 Outlook
  
  Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast.
• TVs Get Smarter as Makers Cater to 'AI Lifestyles'
  
  Dazzling televisions that routinely star at the Consumer Electronics Show opening here Tuesday are getting ever smarter with an eye toward being at the heart of "AI-centered lifestyles."
• Wall Street Exodus From Climate Group Draws Scorn
  
  U.S. lenders have been rushing in recent weeks to leave one of the world's top banking sector climate coalitions, drawing scorn from campaigners who worry the industry is losing resolve to take action on fossil fuels.
• 2024 US New-Car Sales Back to Five-Year High
  
  U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories and higher incentives, analysts estimated.
• Crypto Industry Eyes Day-One Trump Executive Orders
  
  The cryptocurrency industry is pushing President-elect Donald Trump's team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream, according to industry officials.
• Car Makers Want EV Tax Credits SAVED But Is It A BIG Mistake?
  
  A group representing major automakers including General Motors are urging President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars. Why would car brands want to continue to take a loss?...
• Time to Tackle the Live Nation Monopoly
  
  In recent years, Ticketmaster has become synonymous with consumer frustration and dissatisfaction. From opaque ticketing practices to failures with their technology and platform, the company has faced a variety of complaints from concert-goers and event enthusiasts alike....
• High-Octane Rally Keeps Investors Captive to the US
  
  Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus.
• Credit Card Defaults at Highest Level Since 2008
  
  U.S. credit card defaults rose to their highest level since the wake of the 2008 Great Recession, pointing to a deterioration in lower-income consumers' financial health, the Financial Times reports.
• Value-Seekers Drove 2024's Retail Trends
  
  Value was in vogue in 2024.Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.
• Stock Traders Talk Year-End Tax Selling, Profit Taking
  
  Tech and growth stocks dragged Wall Street's main indexes lower Friday, at the end of an upbeat holiday-shortened week that was driven by expectations around a traditionally strong period for markets.
• Trump's First Actions, Job Data to Test Market in January
  
  After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.
• Electric Vehicles Sales Rise 25% in 2024
  
  Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds.
• Elon Musk: 3 Percent of Journalists Republican
  
  Billionaire Elon Musk said just 3% of journalists are Republicans, writing on X on Sunday that it is "borderline illegal in newsrooms to be a Republican journalist."
• Shrinking Bar Tabs a Buzz Kill for Distillers
  
  Meaghan Dorman's five New York bars look just as full as they always do in December - packed with couples on dates, holiday get-togethers and business meet ups.
• Investment Outlook for Trump 2.0 & Fed Easing
  
  U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to...
• Lawmakers Want to Ban Chinese-Made Drones
  
  Russell Hedrick, a North Carolina farmer, flies drones to spray fertilizers on his corn, soybean and wheat fields at a fraction of what it would cost him to use a conventional ground spreader.As a volunteer rescuer, Hedrick uses thermal drones to search for people trapped...
• Investors Hope for US Stock Market Trifecta in 2025
  
  Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump.
• Shutdown Could Cost Travel Sector $1B Each Week
  
  A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday.
• Luxury Labels Appeal to Masses With Lower-Priced Goods
  
  Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets and home goods priced...
• Stores Target $10 & Under Gifts for the Cash-Strapped
  
  Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
• Survey: 75 Percent of Global CEOs High on 'Trump Effect'
  
  The election of President-elect Donald Trump has the overwhelming majority of global CEOs optimistic about the worldwide financial market, according to new a survey released Wednesday by Teneo.

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