How major US stock indexes fared Friday, 1/26/2024

Donald J. Trump, who popularized the term “fake news” and as president declared the news media “the enemy of the people,” is again clashing with journalists over press access, this time to his 2024 campaign events. An NBC News correspondent said on Sunday that aides to Mr. Trump stopped him from covering an event in…

For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shippers using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher…

LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message to…

The Detroit Lions, whose roots stretch back to 1930, are just one of four N.F.L. teams to have never played in the Super Bowl. (Pop quiz: Can you guess the other three?) Before this season, the team had won only one playoff game since Dwight D. Eisenhower was president. So Lions fans were justifiably delirious…

For more than a decade, the pioneers of the cryptocurrency industry envisioned digital coins as an alternate branch of finance, a renegade sector that would operate outside the reach of big banks and government regulators. But as digital currencies like Bitcoin and Ether became more mainstream, the crypto industry collided with a 1946 Supreme Court…

A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperformance last year compared to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks…