BUSINESS
Coinbase says SEC is close to dismissing enforcement case
The SEC sued Coinbase in June 2023 as part of a broad crackdown on the digital-asset industry in the aftermath of the collapse of crypto exchange FTX.
WORLD
Billionaire Perot sees 'big concern' on Trump tariff threats
“It’s inflationary and it’s confusing,” Perot said in an interview, adding that he remains a Trump supporter despite his concerns around tariffs because he thinks the new president will be good for business in the long run.
WORLD
DOGE staffer behind racist posts reinstated at Social Security
Marko Elez, who reportedly advocated for a “eugenic immigration policy” and argued against mixed-race relationships in posts on X, received support from Musk, President Donald Trump and Vice President JD Vance after his departure earlier this month.
WORLD
Behind Elon Musk's X turnaround: Pick-and-Choose financials
The company is talking to investors about a fresh equity fundraising that would catapult it back to the $44 billion valuation it had in 2022 when Musk purchased the platform then called Twitter.
BUSINESS
India, Vietnam at risk of major setback from Trump's steel tariff
The global steel industry is braced for the impact of Trump’s planned 25% levies, due to start on March 12
WORLD
US puts Russian sanctions on the table in Ukraine war talks
Treasury Secretary Scott Bessent said Thursday that the US is prepared to either ramp up or take down penalties based on the Kremlin’s willingness to negotiate.
WORLD
Elon Musk calls for ending NASA Space Station program early
“The decision is up to the President, but my recommendation is as soon as possible,” Musk wrote Thursday on his social media site X. He argued that the ISS “has served its purpose”.
WORLD
Chinese President Xi Jinping risks becoming top US threat if Trump cuts deal with Putin
China has, so far, avoided any action that might provoke Trump, responding to his 10% tariff with modest moves and refraining from the aggressive "Wolf Warrior" diplomacy rolled out in his first term.
BUSINESS
Apple’s Tim Cook meeting with Trump as tariffs threaten iPhones
Tim Cook’s company risks being caught in the middle of an escalating trade fight between the US and China, with Trump’s 10% tariff on Chinese-made goods posing a challenge for Apple as it seeks to address sluggish iPhone sales.
WORLD
Alibaba leads Asian stocks higher after earnings
Equities in Hong Kong and a gauge of Asian shares advanced after Alibaba surged as much as 11% on the back of its earnings
BUSINESS
Trump says new China trade deal ‘possible’ despite tensions
Trump did not describe the parameters of a potential deal, and any agreement would face significant obstacles — some of the president’s own making
WORLD
Donald Trump eyes giving taxpayers cut of DOGE savings amid uproar
The remarks were the latest signal that Trump is working to justify his DOGE effort, which has sent shockwaves through Washington
MARKETS
Citi India plans to buy $1 billion of asset-backed securities
Private banks have historically been rare in the market, but have begun tapping it or exploring deals amid regulatory pressure.
WORLD
Javier Milei's crypto scandal led to losses for 86% of traders
The losses in the token called Libra totaled an estimated $251 million, while the minority of traders who profited made a combined $180 million, research firm Nansen said in a report.
TECHNOLOGY
Microsoft unveils quantum computing chip for future data centers
The company says its Majorana 1 chip harnesses 8 qubits, the building blocks of quantum computing, on a sticky-note-sized piece of hardware it figures could eventually host 1 million of them.
WORLD
Asian stocks fall, Hong Kong tech rally pulls back
Fed minutes showed policymakers in January expressed a readiness to hold interest rates steady amid stubborn inflation and economic-policy uncertainty
WORLD
Trump calls Zelenskiy a ‘dictator,’ broadens attacks on Ukraine
Trump on Wednesday accused Zelenskiy of taking advantage of US aid supplied by former President Joe Biden and insinuated Ukraine was to blame for the ongoing conflict, which Russia started with its unprovoked invasion of Ukraine in 2022.
BUSINESS
Indian exporters see limited impact of US tariffs on drugs, auto
Executives and industry body heads from the two sectors said that any sweeping hike from the US would not impact the ability of Indian companies to compete in the export market, as other rivals in Asia would also be equally effected.
WORLD
DOGE says it’s saved $55 billion, itemized data show far less
Musk’s role in the enterprise has also raised conflict-of-interest questions.
WORLD
India to allow ambassador-level Taliban post to counter China
Only a handful of countries, including China, Pakistan and Russia, have accepted diplomats from the Taliban.
WORLD
US Secretary of State Marco Rubio says sanctions stay for now as Trump eyes Putin summit
Rubio gave the assurance that sanctions won’t be lifted sooner to a group of European counterparts on a call Tuesday, according to people familiar with the situation who asked not to be identified discussing private deliberations.
WORLD
Hermes in ‘league of their own’ as family gets $5 billion payout
The company reported a jump in fourth-quarter revenue while rivals LVMH Moët Hennessy Louis Vuitton SE and Gucci-owner Kering SA recorded declines.
INDIA
Record stomach flu outbreaks in India show lurking health risks
India recorded over 1,000 outbreaks of acute diarrheal disease across the country as of December 22, according to govt data
BUSINESS
iPhone parts maker Murata eyes supply chain shifts toward India
The Kyoto-based maker of multilayer ceramic capacitors sees growing demand in India and is running simulations for what it would take to dial up its pace of investment there, according to Murata President Norio Nakajima
