BUSINESS
Toyota posts rare sales drop in November, dragged down by China
Global sales — including at subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. — fell 1.9% in the period from a year earlier to 965,919 units, the Japanese carmaker said Thursday. Production shrank 3.4% to 934,001 vehicles.
BUSINESS
China’s central bank signals steady, cautious support for growth
The statement didn’t mention a reduction in interest rates or to the reserve requirement ratio, which determines how much cash banks must keep in reserves, while the PBOC pledged to make use of multiple policy tools.
WORLD
Southern California in ‘Great Danger’ from Christmas floods
The state has pre-positioned emergency response resources across the state, including 55 fire engines and 10 swiftwater rescue teams, to protect communities from the dangerous winter storms, according to a statement from Newsom.
BUSINESS
Gold steadies as traders book profits after rally to record
Technical indicators supported the selling. Gold’s 14-day relative strength index was in overbought territory Wednesday, a warning that the price could be due for a pause or pullback.
MARKETS
Nvidia reaches technology licensing deal with startup Groq
The world’s largest publicly traded company has paid for the right to use Groq’s technology and will integrate its chip design into future products.
MARKETS
Stocks hit highs as ‘Santa rally’ countdown begins
Investors hoping for a “Santa Claus Rally” — which typically encompasses the last five trading days of the year and the first two of the new one — saw the S&P 500 rising in a shortened session ahead of the holiday. The dollar barely budged.
BUSINESS
US rare earth buyers still see China curbs despite Trump deal
The Trump administration has made developing domestic production capacity for permanent magnets and other rare earth products a key priority after China spent years building a global monopoly.
BUSINESS
Intel shares fall on report Nvidia halts production test
Nvidia recently tested the so-called 18A process but stopped moving forward, Reuters reported, citing two unidentified people familiar with the matter.
BUSINESS
Honda to buy LG battery assets in Ohio for $2.9 billion
Honda and LG Energy announced a $4.4 billion investment plan in 2022 to build EV batteries in Ohio, with mass production slated to start at the end of 2025.
BUSINESS
Bank of America trader says India state debt deluge will worsen
States are likely to borrow $50.2 billion in the three months through March, a 60% jump over the current quarter, according to estimates by Vikas Jain, head of India fixed income, currencies and commodities trading.
BUSINESS
Platinum soars to record above $2,300 on tight global supplies
The metal rose for a 10th straight session — its longest winning streak since 2017 — and has advanced more than 150% this year, the biggest annual gain since Bloomberg began compiling data in 1987.
BUSINESS
Asian stocks advance at open, gold tops $4,500
MSCI’s regional stocks gauge extended gains into a fourth day, rising 0.2%, with benchmarks in Japan and South Korea advancing. Australian shares edged lower in a shortened trading session.
BUSINESS
Jane Street hires Washington DC lobbyists as India probe presses on
In July, SEBI accused Jane Street of “egregious” market manipulation in an interim order while it continued to investigate the company.
WORLD
Epstein prosecutors prepared sex trafficking indictment in 2007
Epstein, three of his employees and two of his companies would have been charged in a draft indictment that accused him of abusing girls as young as 14.
WORLD
Pakistan national carrier sale gets offer for $482 million
Businessman Arif Habib’s consortium made the highest bid of 135 billion rupees ($482 million) for a 75% stake in a live auction, according to a televised briefing of the auction in Islamabad.
BUSINESS
Peak ETF mania? Flows, launches and volume shatter all records
US-listed ETFs have attracted a staggering $1.4 trillion so far in 2025, shattering the annual flow record set just last year.
BUSINESS
US GDP grew 4.3% in third quarter, fastest in two years
Consumer spending — the main growth engine of the economy — advanced at a 3.5% annualized pace.
BUSINESS
Foreigners buy most Indian stocks in two months as rupee recovers
Overseas investors bought $644 million of local shares, the most since mid-October, according to data compiled by Bloomberg.
BANKING
Lenders ask Reserve Bank of India to rein in surging hedging costs
Hedging costs have surged as dollar-rupee forward premiums jumped sharply, with the one-month forward yield hitting a four-and-a-half-year high this month.
WORLD
J&J talc jury awards $1.56 billion to asbestos cancer victim
J&J steadfastly maintains talc doesn’t cause cancer and there’s never been any asbestos in the product
BUSINESS
JPMorgan beats Kotak Mahindra Capital to regain top spot in India equity deals after 5 years
JPMorgan Chase & Co's market share in India nearly doubled from a year ago to more than 11% after advising on stake sale in some of the largest block trades this year including Bharti Airtel Ltd and IndiGo operator InterGlobe Aviation Ltd.
BUSINESS
Larry Ellison pledges $40 billion to boost Paramount's Warner Bros. bid
Paramount has been aggressively pursuing Warner Bros. for months, and Ellison was taken by surprise when the board agreed to a deal with Netflix for $82.7 billion
BUSINESS
Asian stocks rise, extending record global rally
MSCI Inc.’s gauge of Asia Pacific equities rose 0.3% early on Tuesday after an index of global stocks set a fresh closing record. Japan’s Topix climbed 0.5%.
TECHNOLOGY
Meta’s Threads makes a play for podcasters and their rabid fans
Threads was launched by Meta in 2023 in the wake of Elon Musk’s purchase of Twitter Inc., now called X.
