Democratic congressional leaders called for the president to be removed from office while several top administration officials resigned. Trump acknowledged a new administration will take office Jan. 20 and said the focus is now on the transition of power.
The plane maker will pay $2.5 billion to resolve a criminal probe as it admitted that employees deceived aviation regulators about safety issues leading to two deadly crashes of the 737 MAX.2
U.S. labor and trade figures point to uneven recovery from the pandemic, as unemployment claims remained elevated while consumer demand for imported goods rose to a record.63
Inspectors general offices at the Treasury, FDIC and the Federal Reserve, as well as banking regulators at the OCC, are investigating the company’s business-card sales practices.12
U.S. stocks rose as investors looked past the political unrest to focus instead on prospects for higher government spending.49
Cynthia Crawford-Green, a Maryland cardiologist, has had trouble getting vaccinated for the coronavirus.
Eligible health-care workers are getting Covid-19 vaccinations across the country, but many private doctors and medical workers not associated with a hospital system are struggling to locate the shots.61
The president-elect named Rhode Island Gov. Gina Raimondo as his commerce secretary pick, Boston Mayor Marty Walsh to be labor secretary and Isabel Guzman, a California economic development official, to lead the Small Business Administration.
The apparent compromise has put highly sensitive nonpublic court documents at risk, officials said.
Business
Hyundai shares soared 24% in Seoul trading after the report that Apple has held talks with Hyundai Motor about cooperation on driverless, electric vehicles.
The U.S. on Thursday suspended plans to impose tariffs on French luxury goods in response to France’s tax on big tech companies, saying it wants to coordinate its response with its efforts in similar disputes with other countries.
Removal of the widely followed president may hurt engagement, but the social network needs to bear the cost.
The book publisher said it has decided to drop the publication of “The Tyranny of Big Tech,” which had been scheduled to go on sale this June.
The South Korean company’s projection indicates continued demand for its tech components amid the coronavirus pandemic.
Markets
The digital currency’s price has doubled in less than a month.
The transaction is expected to provide up to $2.4 billion in cash proceeds.
Wall Street banks have had a decent crisis so far. That is unlikely to translate to bumper bonus payments for bankers and traders, as chief executives and boards grapple with the optics of big payouts amid economic hardship on Main Street.5
World
The arrests of democracy advocates in Hong Kong presents the incoming Biden administration with limited options and an early test of its promised hard-nosed stance with China.
U.S.
Sen. Kelly Loeffler—appointed last year to fill a vacated Senate seat—ran in a special election against Rev. Raphael Warnock, the pastor of Dr. Martin Luther King Jr.’s former church in Atlanta.
The number of murders in the city rose to 462 last year, up nearly 45% from 319 in 2019, according to the NYPD.
Life & Arts
Don’t let gray days and icy roads leave you trapped inside. Here, a guide to all the gear you need—from tires to fenders to lights—to winterize your bike.
A term from early genetic research made the leap to pop culture and now describes the latest pandemic threat.
Pittsburgh Steelers linebacker T.J. Watt turned into an unstoppable pass rusher after a change in approach he made two seasons ago.10
Some people insist fragrant skin care fosters spalike relaxation. Others find it noxious and irritating. We argue both sides.