Business
Chronological wire record. Latest transmission first.
Winter storm disruption spreads across the U.S. as cancellations mount and officials issue emergency declarations
A major winter storm system triggered widespread travel disruption and emergency actions, with thousands of flight cancellations and broad winter alerts across much of the United States.
Micron reports record fiscal Q1 results as AI-driven memory demand lifts revenue and cash flow
Micron said fiscal first-quarter revenue climbed to $13.64 billion, with strong profits and cash flow as demand for DRAM and NAND — including AI-related products — helped expand margins and support a bullish outlook for the rest of fiscal 2026.
Energy Fuels strikes deal to buy Australian Strategic Materials in rare-earth push
U.S.-based Energy Fuels announced an agreement to acquire Australian Strategic Materials, pitching the combination as a step toward building a major non‑China rare earths supply chain from mining to metal and alloys.
Mega-cap tech rout drags markets as investors rotate away from the ‘Magnificent Seven’
Big U.S. technology stocks that powered prior rallies are sliding hard early in 2026, wiping out hundreds of billions in market value as investors question valuation premiums and shift toward other sectors.
Winter storm disruption cascades into airlines’ operations as thousands of flights are canceled
A sprawling winter storm has forced airlines to cancel large swaths of their schedules and pushed travelers to rebook at scale, highlighting how weather shocks can quickly translate into operational and financial strain for carriers and airports. Refund rules and travel waivers are central to how companies manage the fallout.
Tech giants stumble to start 2026 as investors rotate away from mega-cap growth
A selloff in the so-called “Magnificent Seven” has erased hundreds of billions in market value early in 2026. Investors are reassessing valuations, concentration risk and rate sensitivity as money shifts toward other sectors.
Global investors reassess risk as U.S. policy shocks ripple through markets and trade ties
A growing share of foreign governments and investors are recalculating their exposure to the United States as policy uncertainty and geopolitical threats reshape assumptions about long-term stability. Analysts say the shift is less about a single event and more about a structural change in how allies and markets view U.S. reliability.
Markets slide after tariff threats tied to Greenland demand rattle investors
Stocks and European shares fell after President Trump threatened new tariffs on several European countries, stoking fears of renewed trade conflict and contributing to the S&P 500’s sharpest drop since October 2025.
S&P Global survey shows U.S. growth cooling in January as tariffs weigh on demand and hiring
New S&P Global readings suggest the U.S. economy is expanding only modestly, with businesses citing tariff-related cost pressures, soft demand, and limited hiring momentum despite some rebound in orders.
U.S. stocks hit by tariff-threat jitters as investors reassess trade risk and policy uncertainty
Markets have remained sensitive to U.S. trade signals after sharp declines earlier in the week. Investors are watching for clarity on tariff threats and how they could affect corporate earnings, inflation and global growth.
U.S. inflation ticks higher to 2.8% in November as consumer spending stays firm, AP reports
A key inflation measure rose slightly in November to 2.8% year over year, while consumer spending increased. The AP says the data, released after a shutdown delay, suggests the Fed may be less likely to cut rates soon.
World Economic Forum considers moving its flagship annual meeting away from Davos
WEF leadership has discussed relocating or rotating the annual Davos gathering, citing capacity constraints and the desire to modernize and broaden the forum’s reach, even as Switzerland resists losing an event that brings global influence and significant economic activity.