Black Boxes, 41 Bodies Recovered From DC Plane Crash
02:33 Share

Okay, business leaders, are you here to play or are you playing to win? If you're in it to win, meet your next MVP, NetSuite by Oracle. Right now, get the CFO's Guide to AI and Machine Learning at netsuite.com slash wallstreet. netsuite.com slash wallstreet. Here's your midday brief for Thursday, January 31st. I'm Zoe Kolkin for The Wall Street Journal. Rescue crews have recovered at least 41 bodies following the Washington, D.C. midair plane helicopter crash on Wednesday night.

The deaths of all 67 on both aircrafts make the crash the deadliest aviation disaster on U.S. soil in more than 20 years. Divers continued searching today for aircraft components in the Potomac River and prepared to salvage the plane from the water. Investigators examining black box data recovered from the jet plane are to release a preliminary report within 30 days. The Personal Consumption Expenditures Price Index, the Fed's preferred measure of inflation, accelerated in December.

Last month's PCE climbed by 0.3%, contributing to a 2.6% increase over 2024. Core PCE, which excludes volatile food and energy prices, rose by 0.2% last month and by 2.8% over the past 12 months. Slower progress on inflation led the Fed to hold interest rates steady this week, breaking a string of rate cuts that had begun in September.

And the annual profits of ExxonMobil and Chevron fell in 2024, as anemic natural gas prices and narrowed refining margins took a toll. Exxon's annual profit was down about 6.5 percent, while Chevron's return fell about 17 percent from 2023. Despite the weaker results, both companies sent record payouts to investors. President Trump has issued several executive orders to cut down on regulations, while also vowing to cut prices for crude oil.

We have a lot more coverage of the day's news on WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts. Okay, business leaders, are you here to play or are you playing to win? If you're in it to win, meet your next MVP. NetSuite by Oracle. NetSuite is your full business management system in one convenient suite. With NetSuite, you're running your accounting, your finance, your HR, your e-commerce, and more all from your online dashboard.

Upgrade your playbook and make the switch to NetSuite, the number one cloud ERP. Get the CFO's guide to AI and machine learning at netsuite.com slash wallstreet. netsuite.com slash wallstreet.