WORLD
Trump plays nice with Asian allies stung by repeated threats
The US president also sought to mend ties with Southeast Asian nations that have leaned closer toward Beijing as Trump took aim at their economic growth engines
WORLD
Russian oil tanker set ablaze amid Black Sea drone attacks
Russia reported 71 drones downed overnight in the Krasnodar region and around and over the Black Sea
WORLD
Hegseth says US, China to set up direct military communication
The purpose of the communication channels will be to “deconflict and deescalate any problems that arise,” Hegseth said in a post on X.
BUSINESS
China to suspend some rare earth curbs, probes on US chip firms
Washington will also pause some of Trump’s so-called reciprocal tariffs on China for an additional year and is halting plans to implement a 100% tariff on Chinese exports to the US that was threatened for November.
BUSINESS
Trump plays nice with Asian allies stung by repeated threats
The sometimes-truculent US president tilted toward charm, pageantry and protocol on his swing through Asia.
BUSINESS
Warren Buffett’s Berkshire Hathaway cash pile soars to $382 billion
Warren Buffett offloaded $6.1 billion of shares during the period. In spite of that growing cash hoard, the firm’s net investment income declined 13% to $3.2 billion amid lower short-term interest rates.
MARKETS
Options traders see S&P 500 treading water in next two months
Options bets on the S&P 500 Index’s level in late December are clustering near 7,000, a round-number milestone that would put the index up 19% in 2025. But that’s just 2.5% from Thursday’s close of 6,822.34, with two months left to go.
MARKETS
Nvidia CEO Jensen Huang completes $1 billion share sale
The stock was worth about $865 million when he started selling in late June, but has climbed over 40% since then amid unquenchable demand for artificial intelligence processors.
BUSINESS
China ends gold tax break in setback for key bullion market
Starting on November 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange, whether sold directly or after processing, according a new legislation from the Ministry of Finance.
BUSINESS
Want to mimic what stocks the US buys? There may be an ETF soon
By following federal capital, the ETF turns a political worldview into an investable thesis.
BUSINESS
Asian stock rally resumes as tech results lift sentiment
MSCI’s regional stocks index climbed 0.6% at the open, with Japanese shares leading the charge. Apple shares rose in late trading after the company beat revenue estimates and offered a bullish holiday forecast.
BUSINESS
Coinbase rises after revenue climbs more than estimates
Revenue increased by 55% to 1.9 billion, ahead of analysts’ estimates of $1.8 billion.
BUSINESS
Ford to invest $370 million in India defying Trump’s local push
The US automaker, which first signaled its interest in resuming local production in India a year ago, has been preparing the investment for months against a backdrop of heightened tensions between New Delhi and Washington.
WORLD
Trump leaves Russia sanctions pressure in doubt after Xi meeting
In his high-profile meeting with Chinese leader Xi Jinping on Thursday, Trump said the issue didn’t even come up
TECHNOLOGY
Meta’s jumbo bond sale draws record $125 billion of orders
The demand for the deal, expected to be at least $25 billion in size, surpasses the previous record set back in 2018
WORLD
US stocks fall after Fed pushback as Meta tumbles 11%
Equities fell after notching a series of records in October, with the S&P 500 still set for its longest streak of monthly gains in four years
BUSINESS
Physicswallah said to plan $431 million IPO in weeks
The WestBridge Capital LLP and Hornbill Capital Partner-backed company has met potential investors and the deal could launch in the next few weeks
BUSINESS
Donald Trump says Nvidia chip talks with Xi Jinping didn’t cover Blackwell
Trump’s comments came just a day after he said he would discuss the Blackwell lineup with Xi, triggering speculation the US would approve the shipment of more powerful AI chips to a geopolitical rival
BUSINESS
AirAsia plans up to $600 million bond to replace private credit
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note
BUSINESS
A $40 billion fund sees end to yearlong earnings cuts in India
Analysts in India have been slashing their earnings forecast over the last four quarters as economic growth slowed, and the ongoing results season has been mixed at best
BUSINESS
Toyota CEO rules out higher Toyota Industries buyout offer
The holding company for the buyout will be mostly owned by Toyota Fudosan Co., an unlisted real estate firm that counts Toyoda as chairman
BUSINESS
Copper slides from record as traders eye Trump-Xi trade talks
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
BUSINESS
Meta’s higher spending in pursuit of AI payoff shakes investors
Mark Zuckerberg on Wednesday signaled an unsatiated appetite for more computing resources as Meta seeks to ensure it’s an industry leader in a fast-moving AI race
BUSINESS
Samsung’s chip profit soars after AI fuels demand for memory
South Korea’s largest company, which reported upbeat preliminary operating profit and revenue earlier this month, said on Thursday net income totaled 12.01 trillion won, beating analysts’ estimate of 9.29 trillion won.
