Hours after Donald Trump recaptured the White House, at least one major American company is already making plans to shift production out of China.
Why it matters: Trump has threatened to ramp up tariffs on China to put pressure on Beijing, but experts fear a trade war could reignite inflation here at home.
Under Armour's long-awaitedturnaround is beginning to materialize.
Why it matters: The apparel giant's sales had been sinking as it struggled with what analysts say was a series of merchandising and strategic mistakes.
Between the lines: Under Armour's revenue still fell 11% in its most recent quarter, compared with a year earlier — but sales and earnings topped expectations.
Federal Reserve chair Jerome Powell told reporters on Thursday he will not resign before the end of his term, even if President-elect Trump asks him to leave.
Why it matters: Powell's intention to serve out the rest of his term sets up a new battle between the central bank and Trump, who disregarded long-time norms that presidents do not talk about Fed policy.
Buckle up: President-elect Trump plans fast action on a business-friendly agenda of tax cuts, deregulation and expanded energy production, his advisers tell us.
Why it matters: Trump plans to load his White House and Cabinet with business- and tech-friendly executives, and stretch the powers of the presidency to force quick changes.
The Federal Reserve cut interest rates by a quarter percentage point on Thursday, its second consecutive reduction in the cost of borrowing.
Why it matters: The Fed is gradually loosening its grip on the economy as inflation cools and the job market holds steady, though President-elect Trump's proposed economic policies risk disrupting that balance.
Private equity giant The Carlyle Group on Thursday reported $367.1 million in distributable earnings during Q3 2024, beating analyst expectations.
What they're saying: CEO Harvey Schwartz told analysts that he expects existing economic tailwinds to intensify now that the election has been decided, which should increase dealmaking.
While the world braced for the election earlier this week, acting labor secretary Julie Su was busy solving another crisis — helping to end the Boeing strike.
The big picture: It was at least the fifth time Su's stepped in to wrestle thorny union talks to a deal in the less than two years she's been in her role.
President-elect Trump may have been a pro-union candidate, but whether he'll be a pro-union president remains to be seen.
Why it matters: We're in the middle of a winning era for workers and unions, but with Trump's track record on labor during his first term — that time might be coming to an end.
Here's what's new on Netflix, Prime Video, Peacock and Tubi:
What we're watching: A new holiday rom-com featuring a famous a capella group, a story about a girl who befriends her older self, and a preview of the upcoming boxing match between Jake Paul and Mike Tyson.
America just elevated one man to an unfathomable status: the most powerful civilian — ever.
Why it matters:Elon Musk — the most influential backer of President-elect Trump, thanks to his money, time and X factor — now sits at the pinnacle of power in business, government influence and global information (and misinformation) flow.
Some Silicon Valley leaders and investors who have long itched to apply their startup toolkit to government see a big opening in the Republican victory Tuesday, with Elon Musk taking charge of a Trump administration federal efficiency initiative.
Amazon founder Jeff Bezos, Meta's Mark Zuckerberg and Apple's Tim Cook were among the Big Tech leaders to take social media to congratulate President-elect Trump on his win Wednesday.
Why it matters: The industry is preparing for new policy positions brought by the new Trump administration, though any of them could quickly shift depending on the president's whims.
