Booz Allen Hamilton shares plunged Monday after the Trump administration announced it's canceling all Treasury Department contracts with the consultancy.
Why it matters: Government contractors are under growing scrutiny during Trump's second term, as the administration's push to root out "waste, fraud, and abuse" begins translating into real financial consequences.
Peacock will introduce major upgrades on Feb. 8, the same day NBCUniversal will broadcast both the Super Bowl and Winter Olympics, executives exclusively tell Axios.
Why it matters: The effort underscores NBCUniversal's ambitious streaming strategy as it looks to capitalize on live sports viewing during what it's calling "Legendary February," the convergence of three tentpole events.
Some of California's most prominent venture capitalists are quick to slam their state, arguing that fiscal mismanagement and high taxes will cause startups to form elsewhere.
The Trump administration plans to provide USA Rare Earth with $1.6 billion in mostly loan financing to extract and process the materials and manufacture rare earth magnets.
The agreement will provide the U.S. government a stake somewhere between 8% and 16%, depending on how the agreement is executed, a filing states. The company announced a separate $1.5 billion in private finance.
This weekend's winter storm has caused widespread power outages in Nashville and other areas of the South — but as of Monday morning it hasn't severely strained the electricity grid.
Why it matters: Electric utilities across the country have seen heavy demand during the storm, with the possibility of power outages lasting multiple days.
Investors are confronting a different world, marked by the Trump administration's aggressive push for a new global order, renewed attacks on the Federal Reserve, increasingly controversial immigration actions and much more.
Why it matters: It's not even the end of the first month of the year. Throw out your 2026 outlooks.
Why it matters: New tax breaks could mean bigger refunds for millions of taxpayers — but major changes underway at the IRS raise the stakes this tax season.
