Business
Wall Street steadies as chip stocks bounce back Goldman Sachs and Morgan Stanley see double-digit profit jumps What you need to know about Grok and the controversies surrounding it Taiwan computer chipmaker TSMC's to expand investment as profit jumps 35% Luxury retailer Saks seeks bankruptcy protection overwhelmed by debt
Canadian PM Hails Renewed Relations With China During Beijing Visit
Sales of a powerful Nvidia AI chip to China gets greenlight, with conditions
Big banks report soaring profits amid tensions with Trump
Producer prices rise a mild 0.2% in November, in report delayed by shutdown
China's trade surplus surges 20% to record $1.2 trillion
HONG KONG (AP) – China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump’s onslaught of higher tariffs.
Bilt's new credit cards will feature 10% interest rate

NEW YORK (AP) – Fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year. The promotion comes at a time with President Donald Trump announcing last week that he also is seeking a one-year cap on credit card interest rates of 10%.

2025 US home sales stuck at 30-year low

The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.

Trump's freeze of offshore wind project faces scrutiny

WASHINGTON (AP) – A federal judge is considering whether to set aside a Trump administration order pausing construction on a major offshore wind farm for New York, which the developer says could mean the death of a project that’s 60% complete.

Editorials from New York Times, Wall Street Journal and Washington Post

Excerpts from recent editorials in the United States and abroad:

China's car exports surged in 2025, but domestic demand slowed

HONG KONG (AP) – China’s auto exports surged 21% in 2025, driven by rising shipments of electric vehicles, while domestic demand slowed, an industry association said Wednesday.

Verizon outage disrupts services for wireless customers across US

NEW YORK (AP) – Many Verizon customers encountered a widespread outage on Wednesday, disrupting calling and other cellular services across the U.S. The carrier acknowledged that there was an “issue impacting wireless voice and data services for some customers.” Verizon didn’t specify what was causing the disruptions.

EU and Mercosur build one of the world's biggest free-trade zones

CAÑUELAS, Argentina (AP) – Talks on a landmark free trade deal between the European Union and four South American countries started so long ago that the euro wasn’t even in circulation, China hadn’t yet joined the World Trade Organization and Venezuela was still America’s top oil provider.

Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump

FRANKFURT, Germany (AP) – Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges.

JPMorgan Chase profits rise 9% in the fourth quarter

NEW YORK (AP) – JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions. The bank earned $13.03 billion, or $4.63 a share.

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry
Inflation cooled slightly in December though it remains above Fed's target
Bargain grocer Aldi seizes the moment in rapid US expansion