BUSINESS
OpenAI CFO says bubble-wary market needs more AI ‘exuberance’
OpenAI alone has committed to spending more than $1.4 trillion on AI infrastructure, even though the company remains unprofitable
BUSINESS
Stocks rebound across Asia after Wall Street rally, traders eye Fed path and tariff ruling
Stocks in some of America’s top retail brands, from department stores to toymakers and apparel companies, rallied as a skeptical US Supreme Court raised hopes the sweeping tariffs may be lifted.
BUSINESS
Saudis cut main oil price to Asia as signs of caution emerge
The hiatus comes during a period of weaker seasonal demand, and as the market closely watches how US sanctions on Russia’s two biggest oil producers impacts supply.
WORLD
Democratic victories give party a roadmap for beating Donald Trump
For Republicans, the losses weren’t shocking, but they underscore the limits to Trump’s influence when he isn’t on the ballot, a looming challenge for the party going forward.
BUSINESS
Wall Street drops fear of ‘hot commie summer’ in overture to Mamdani
The democratic socialist’s wealthy antagonists had decried his ascendance as the start of 'hot commie summer'.
BUSINESS
China ends levies on US farm products after fentanyl tariff cuts
China’s Ministry of Finance confirmed in a Wednesday notice that it will suspend all tariffs imposed March 4 on soybeans and other US agricultural products including corn, wheat, sorghum and chicken
WORLD
New York City mayor’s race sees most votes cast since 1969 as Mamdani beats Cuomo
Mamdani, who identifies as a democratic socialist, received 50.3% of the votes, leading by more than 8 points against former Governor Andrew Cuomo
WORLD
Democrats score biggest victories since 2024 US election loss. Trouble for Trump?
In New York City, Zohran Mamdani, a progressive Democrat who ran an insurgent campaign for mayor, won on Tuesday after emphasizing the same message on the cost-of-living
CRYPTOCURRENCY
Bitcoin falls to lowest since June as risk-off mood hits crypto
The original cryptocurrency fell as much as 3.7% to $102,870 on Tuesday in New York, the lowest level since June 23. That’s down almost 20% from a record high reached a month ago.
INDIA
India may cancel green power projects struggling to find clients
The power ministry has reviewed 42 gigawatts worth of planned projects that have yet to sign offtake agreements and advised authorities to shelve those that are no longer feasible
BUSINESS
Tesla is set to hire ex-Lamborghini head to drive India sales
The electric-car maker has hired Sharad Agarwal, who previously led Lamborghini India, to head local operations
MARKETS
Foreign investors trim India consumer stocks despite tax cut
Positions were 'notably reduced' compared with both the previous quarter and year-ago levels, Morgan Stanley analysts including Sheela Rathi wrote in a note
BUSINESS
Saudi Aramco profit beats estimates in sign of easing pressure
Adjusted net income for the period rose about 1% to 104.9 billion riyals ($28 billion) from a year earlier, surpassing analyst estimates compiled by Bloomberg
WORLD
Conflict of interest? Trump's top donor 'friends' for $300-mn ballroom have US govt contracts
Sixteen of the 24 donors have received federal contracts with the cumulative sum totaling $279 billion over the past five years
BUSINESS
Wall Street celebrates massive AI deals yet Asia opens weak
Stocks opened lower in South Korea and Japan, where traders returned after a long weekend. Australian shares fell ahead of a central bank rate decision where policymakers are expected to stand pat.
BUSINESS
Amazon inks $38 billion deal with OpenAI for Nvidia chips
Amazon shares jumped about 6% in early trading on Monday. Nvidia rose as much as 3%.
BUSINESS
Alphabet selling €6.25 billion of debt amid AI expansion
This marks Alphabet’s second visit to the euro market in 2025 after it raised €6.75 billion in April in a debut sale that helped diversify its funding beyond dollars.
BUSINESS
BlackRock manager says an AI bust wouldn’t end clean-tech rise
The comments come amid concerns that the vast amounts being spent on expanding AI may overstate its potential to make money.
BUSINESS
Lenskart IPO price sparks concern over Indian startup valuations
DSP Asset Managers Pvt. over the weekend publicly defended its anchor investment in Lenskart after facing social media criticism over the IPO’s valuation
BUSINESS
Aluminum heads for three-year high as US-China tensions ease
Metals had a nervy start on Monday, before moving higher along with stocks, as investors mull what’s next after the trade truce between Beijing and Washington forged at last week’s summit
BUSINESS
What tariffs? Europe Inc adapts as many firms post gains in US
A Goldman Sachs Group Inc. basket of European stocks most exposed to tariffs outperformed the broader market in October after trailing for most of the year.
BUSINESS
Modi tax cut fuels Rs 6 lakh crore festival shopping boom in India
Sales across the country topped 6 trillion rupees ($67.6 billion), with items like jewelry, electronics, apparels, furnishing, and sweets most in demand, B. C. Bhartia, national president of Confederation of All India Traders, said in a statement.
BUSINESS
China’s massive African mine threatens to upend iron ore market
The scale of Simandou is staggering. It’s the world’s largest untapped iron ore deposit, with estimated reserves of at least 3 billion tons
BUSINESS
New World plans $1.9 billion debt swap with creditor haircuts
The company plans to swap existing debt for up to $1.6 billion in new perpetual securities and $300 million in fresh notes due in 2031, according to an exchange filing on Monday
