News

Consumers’ growing pessimism could trigger a pullback in discretionary purchases, directly weighing on trucking demand. The post Inflation fears, housing prices startle consumers appeared first on FreightWaves.

Though the decision only applies to specific bid protests, it opens the door for other challenges and hobbles the government’s ability to issue more project labor agreements, a construction attorney said.

A slew of artificial intelligence stocks, including chip maker Nvidia, are tumbling in intraday trading Monday after Chinese startup DeepSeek released a cutting-edge AI model that runs on less-advanced chips and at a lower cost than U.S. rivals like OpenAI.

Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks. The world's biggest cryptocurrency struggled to make gains last week, as a rally that had seen it break above $100,000 after U.S. President Donald Trump's election ran out of steam. At 1156 GMT, bitcoin was at $98,852.17, down around 6% on the day, having fallen sharply in early trading to hit its lowest since Jan. 16.

Maybe it’s time to trust the stars as the year of the snake starts.

The compensation changes reflect the key role these multistore supervisors play in the success of the business, the retailer said.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for three meetings in a row, to about 4.3%, from a two-decade high of 5.3%. While the two-day meeting that ends Wednesday may be uneventful, it nevertheless kicks off what is likely to be a turbulent year for the Fed. Trump, last Thursday, made clear he expects to comment on interest-rate policy and said, “I know interest rates much better than they do."

Your day-ahead look for Jan. 27, 2025

AT&T shares surged Monday after the telecommunications giant reported better-than-expected fourth-quarter results.

Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now. Trump had hinted at sweeping trade barriers from the very beginning of his term. The threat of sweeping tariffs, a central plank of his campaign promises, had raised concerns of a resurgence in inflation.