BUSINESS
OpenAI gives Microsoft 27% stake, clears path to for-profit
OpenAI has spent much of this year working to restructure as a more traditional for-profit company
BUSINESS
Nvidia investors look to Washington DC ‘Super Bowl’ to juice sluggish stock
The chip giant’s three-day artificial intelligence conference called 'GTC' began Monday in the US capital, and all eyes will be glued to the keynote address by Chief Executive Officer Jensen Huang scheduled for midday Tuesday
BUSINESS
HDFC bank puts bankers on leave amid Credit Suisse bond probe
The bank took the step over the last few months with the employees, who were at the center of the allegedly disputed trades of Credit Suisse’s Additional Tier 1 bonds
BUSINESS
Here are the five contenders to replace Powell as Fed chair
Treasure Secretary Bessent, who is leading the vetting process, has said he plans to do another round of interviews with the aim of presenting a “good slate” to President Donald Trump after the Thanksgiving holiday.
BUSINESS
Stock rally cools at Asian open, gold below $4,000
Gold steadied after slumping more than 3% to trade below $4,000 an ounce while a gauge of the dollar edged lower for a second day.
ENTERTAINMENT
BTS plans its biggest world tour ever for comeback in 2026
BTS has been working on a new album over the past few months with Hybe Co.
BUSINESS
India’s green shift may accelerate coal power retirement by 2030
Coal still meets about two thirds of India’s electricity demand, and the government announced plans to add nearly 90 gigawatts of additional capacity through 2032
WORLD
Bessent names Fed chair finalists ahead of year-end decision
Trump himself told reporters that he expected to make a decision on the nominee before the end of the year
MARKETS
Wall Street goes risk-on as trade optimism grows
The S&P 500 rose almost 1% as Chinese and US trade negotiators have lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week
WORLD
Here are the key US-China issues to watch in Trump-Xi summit
US Treasury Secretary Scott Bessent said a framework for Trump and Xi to finalize was forged over weekend talks with China
BUSINESS
Fractal Analytics said to plan $555 million India IPO next month
Fractal joins the growing wave of firms seeking to go public in India on the heels of two IPOs this month that raised more than $1 billion each
BUSINESS
Novartis agrees to buy Avidity in $12-billion biotech deal
Novartis will pay $72 a share in cash for the biotechnology company, representing a premium of 46% to Avidity’s closing price Friday
BUSINESS
Japan’s Nikkei breaks key 50,000 level ahead of Trump meeting
The Nikkei has surged more than 24% this year, outperforming a 15% gain in the S&P 500, as foreign inflows, easing tariff concerns between the US, and optimism for growth under Takaichi have helped spur equity benchmarks to fresh records.
BUSINESS
China asks US to protect ‘hard-won’ results before Xi-Trump meeting
Trade negotiators from China and the US announced Sunday that they’d struck a slew of agreements on issues spanning tariffs, shipping fees, fentanyl and export controls over two days in Malaysia.
BUSINESS
China industrial profits soar on strong output, easing deflation
Faster expansion in output is propping up earnings of Chinese factories and mines, as foreign demand remained robust despite US tariffs.
BUSINESS
US, China tee up sweeping trade deal for Trump, Xi to finish
US Treasury Secretary Scott Bessent said Trump’s threat of 100% tariffs on Chinese goods “is effectively off the table” and he expected the Asian nation to make “substantial” soybean purchases as well as offer a deferral on sweeping rare earth controls.
BUSINESS
Gold extends drop as US-China trade progress eases haven demand
A blistering rally that began in mid-August and propelled gold to a record just above $4,380 an ounce last Monday abruptly reversed the following day as investors moved to lock in profits.
BUSINESS
Boeing defense workers reject latest offer, extending strike
The strike has affected F-15 deliveries to the US Air Force’s Portland National Guard base and will delay international deliveries next year,
INDIA
US-Pakistan relations don’t come at expense of India: Marco Rubio
Marco Rubio is likely to meet External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the Asean summit on Monday
WORLD
Trump’s push for Gulf to pay for rebuilding Gaza faces hurdles
Persuading the likes of Qatar, Saudi Arabia and the United Arab Emirates to hand over the funds is unlikely to be as easy as Trump claimed.
WORLD
Trump predicts ‘pretty good deals’ with Brazil in Lula meeting
Trump said the pair “get along very well” and that his officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, would work to negotiate an agreement and predicted a “conclusion pretty quickly.”
WORLD
US, China reach framework for Trump-Xi meeting, says Bessent
Bessent told reporters in Kuala Lumpur on Sunday morning that the two sides discussed agricultural purchases, TikTok, fentanyl, trade, rare earths and the overall bilateral relationship
WORLD
Trump hails peace deal between Cambodia and Thailand
Thai PM Anutin Charnvirakul and Cambodian counterpart Hun Manet gathered with the US president for the ceremonial event in Malaysia, which is hosting a regional summit and helped facilitate talks between the Southeast Asian neighbors.
WORLD
Thai leader Anutin Charnvirakul to meet Trump, sign Cambodia peace deal
The signing ceremony is expected to be a key feature of Trump’s attendance at the Asean summit
