WORLD
Bill Ackman says now isn’t time for US to sell Fannie, Freddie
Bill Ackman said that the US should re-list the companies on the NYSE, which would be possible if the preferred shares were deemed to be repaid.
WORLD
Trump tells Congress don’t 'waste’ time on Obamacare credits
President Donald Trump rejected extending expanded Affordable Care Act subsidies, urging lawmakers instead to send money “directly back to the people,” complicating Republicans’ strategy as millions face steep premium hikes and Democrats seize the issue.
TECHNOLOGY
Microsoft, Nvidia to invest as much as $15 billion in Anthropic
Anthropic plans to spend $50 billion to build custom data centers for AI work in several US locations, including Texas and New York.
BUSINESS
'Baby Shark' creator Pinkfong shares surge up to 62% on debut
The stock jumped to a high of 61,500 won in early trading Tuesday before closing at 41,550 won, giving the company a market value of 596.3 billion won ($406 million).
CRYPTOCURRENCY
Bitcoin drops below $90,000 for the first time in seven months
The largest token fell as much as 2.4% on Tuesday, extending its decline from a record of more than $126,000 set in early October.
BUSINESS
Airbus makes order comeback on second day of Dubai Air Show
Spanish airline Air Europa also signed a memorandum of understanding with Airbus for as many as 40 A350-900 widebody aircraft, while Etihad added A330 and more A350 jets to its fleet.
WORLD
China’s grip on American medicine cabinets grows more entrenched
Roughly one-in-four generic drugs taken by Americans rely on key ingredients from China, according to a report
MARKETS
Fear spreads across markets as crypto selloff raises alarms
The cryptocurrency fell as much as 2.8%, the latest drop in a slide that has wiped out all of its gains for the year
BUSINESS
Akzo Nobel to acquire Axalta in $9.2 billion paint deal
The agreement, which confirmed an earlier report by Bloomberg News, follows several attempts at a combination by the Dulux and Cromax brand paint makers
WORLD
US, Russian stealth fighter jets square off at Dubai airshow
The F-35 was first in the skies above Dubai’s Al Maktoum International Airport, performing an eight-minute flight display early in afternoon on Monday, followed by the Russian jet about 90 minutes later
WORLD
China’s rare-earth product exports falter as talks go on with US
Outbound shipments of the materials used in electric vehicles, weapons and high-tech manufacturing dropped to 6,173 tons, the lowest level since June, according to customs data released on Tuesday
WORLD
The hot new Dubai restaurant run by an AI chef
The setup further blurs the line between restaurant, speakeasy and digital art gallery.
BUSINESS
Bitcoin ETF investors now in the red after $89,600 level breaks
The average cost basis across all ETF inflows sits at approximately $89,600, according to Sean Rose at Glassnode — a level Bitcoin breached on Tuesday.
BUSINESS
Bitcoin drops below $90,000 for the first time in seven months
The largest token fell as much as 2.4% during Asia trading hours, extending its decline from a record of more than $126,000 set in early October
BUSINESS
'Baby Shark' creator Pinkfong shares surge up to 62% on debut
The stock jumped to a high of 61,500 won in early Tuesday trading after opening at 58,000 won. At 11:21 a.m. Seoul time, the stock was trading at 51,100 won.
WORLD
The Apple designer who introduced the iPhone Air leaves company
Abidur Chowdhury, an industrial designer, recently departed the iPhone maker for an artificial intelligence startup
MARKETS
Tech firms drive Asia stock selloff ahead of Nvidia earnings, jobs data
Asian shares fell 1.2% — led by technology firms — and are on track for a third straight day of losses
INDIA
Rich nations must hit net zero and pay up on climate, says India
India, the world’s third-largest polluter, has long argued that industrialized nations should carry a greater decarbonization burden
BUSINESS
Trump hails McDonald’s extra value meals in affordability pitch
The president, whose affinity for McDonald’s is well-known, spoke of his own affection for the company, telling franchise owners he was “one of your all-time most loyal customers” and thanking them for lowering prices on some goods.
BUSINESS
Gold holds losses with US rate-cut outlook muddled by data void
Despite its recent pullback, gold has gained 54% this year and remains on course for its best annual performance since 1979.
CRYPTOCURRENCY
Fear engulfs Bitcoin traders betting on free fall to $80,000
The broader market has been reeling since a sharp liquidation wave in early October erased about $19 billion in digital assets.
BUSINESS
Amazon seeks $12 billion from first US bond sale since 2022
The power capacity of Amazon’s data center fleet has doubled since 2022, and Chief Executive Officer Andy Jassy has said he expects it to double again by 2027.
CRYPTOCURRENCY
Bitcoin humbles Wall Street faithful after $600 billion fall
Wall Street has shown up, exchange-traded funds are bringing crypto into mainstream portfolios and the Trump administration has fully embraced crypto.
BUSINESS
Peter Thiel’s fund sold off entire Nvidia stake last quarter
The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.
