BUSINESS
US labor board abandons one of its cases against Musk’s SpaceX
Since SpaceX filed its first lawsuit last year, other companies including Amazon.com Inc. have filed similar cases, several of which are now pending in US courts.
WORLD
Trump firm to start new cryptocurrency for shareholders
Trump himself is the company’s largest shareholder with a 41% stake in the business
WORLD
Xi touts China’s AI, chip wins In triumphant New Year’s speech
The speech was Xi’s most upbeat New Year’s Eve address in recent years, coming after his government overcame a multitude of challenges to underscore China’s status as a rising global superpower.
WORLD
China factory activity grows, ending longest slump on record
China’s factory activity unexpectedly returned to expansion in December, with official and private surveys snapping an eight-month contraction streak even as broader indicators signalled a fragile economic recovery.
WORLD
Global stocks set for biggest annual advance in six years
Asian equities are also set for a third annual gain, and the best since 2017. A number of markets are already shut for the year, including Japan and South Korea.
WORLD
Wall Street declines for third day as 2025 nears end
The S&P 500 fell 0.1% — down for a third consecutive session — after barely budging for most of the day. Treasury yields climbed, with US 10-year rate around 4.12%. The Bloomberg dollar spot index rose.
BUSINESS
Warner Bros. plans to reject Paramount offer next week
Among the board’s concerns, Paramount has yet to increase its offer, which Warner Bros. earlier rejected as inferior to one from Netflix Inc.
BUSINESS
Fed minutes show most officials expect additional rate cuts
Minutes of the Dec. 9-10 Federal Open Market Committee meeting continued to point to divisions among US central bankers and to the difficulty of their most recent decision.
ARTIFICIAL-INTELLIGENCE
Bitcoin push to erase year-end losses stalls again at $90,000
The token has settled into a trading range of roughly $85,000 to $95,000 following an October crash that has put it on pace for the first annual loss in three years.
WORLD
‘You had to be brave’: Wall Street remembers a wild 2025
The twists and turns of the US economy and the artificial-intelligence boom both played a role. But much of it could be traced to the White House.
WORLD
Saudis urge UAE to withdraw from Yemen after port strikes
UAE’s Ministry of Foreign Affairs denied the country had “pressured or directed any Yemeni party to carry out military operations” that threatened Saudi Arabia
BUSINESS
Meta to buy Manus, an AI startup With Chinese roots
Meta intends to continue operating and selling the Manus service while also integrating the technology into its products, it said in a statement.
BUSINESS
Why India's short-term bonds are growing popular with investors
Investors can pick up around 1 percentage point, the most in over two years, by borrowing overnight and using the proceeds to buy five-year notes
BUSINESS
Silver steadies after biggest one-day drop in over five years
The white metal held above $71 an ounce on Tuesday, after sliding 9% in the previous session, while gold was little changed at around $4,340, after losing 4.4%.
WORLD
Trump downplays threat from Chinese military drills near Taiwan
Asked about the Chinese actions around the island, Trump instead touted his relationship with Chinese President Xi Jinping and cast the latest activity as routine.
BUSINESS
Citi to take $1.1 billion loss on Russian Business unit sale
The bank plans to account for the remaining operations as “held for sale” in its fourth-quarter earnings and expects to complete the sale of AO Citibank in the first half of 2026, according to a regulatory filing Monday.
WORLD
Trump says he still might fire Powell as Fed Chair pick looms
Trump added that Powell “should resign” and that he’d “love to fire him.” The president came close to seeking Powell’s ouster in July, but backed away after a negative reaction in financial markets.
TECHNOLOGY
Meta acquires Startup Manus to bolster AI business
Manus released an AI agent earlier this year that could complete a handful of general tasks, including screening resumes, creating trip itineraries and analyzing stocks in response to basic instructions.
WORLD
Asian stocks poised for weak start after US losses
Equity futures in Australia and Japan pointed to a weak start for their markets. That’s after the S&P 500 Index fell 0.3%, with shares of Tesla Inc., Nvidia Corp. and Meta Platforms among the Big Tech decliners. The Nasdaq 100 slid 0.5%.
BUSINESS
Fast fashion, delivery apps tap India's next billion consumers
As hundreds of millions of these consumers inch upward, even small discretionary purchases — a new shirt, a delivery snack, a streaming subscription — become the battleground for the country’s next phase of growth.
WORLD
Fight over Trump’s $100,000 H-1B visa fee moves to appeals court
The national business group filed a notice of appeal Monday in Washington federal court, where a judge ruled on Dec. 23 that President Donald Trump’s effort to radically increase the cost of the popular visa is lawful.
WORLD
'We’ll knock them down': Trump vows to strike Iran again if it rebuilds nuclear program
The president also said he would support Israel in strikes if Iran continued with its ballistic missile program, which Netanyahu highlighted earlier this year as “existential” threat along with Tehran’s nuclear development.
BUSINESS
Here’s what to watch for silver’s next move after wild ride past $80
The metal rose to a record above $84 an ounce early Monday, before promptly crashing closer to $70 in thin, post-holiday trading. It was one of silver’s largest price reversals ever.
BUSINESS
SoftBank to pay $4 billion for data center firm DigitalBridge
DigitalBridge is one of the biggest investment firms focused on digital infrastructure, with about $108 billion of assets under management at the end of September
