WORLD
Asia’s rich drive $200 billion revival in complex equity notes
Issuance of structured products linked to Hong Kong and Singapore equities has surged 80% this year to a record of more than $200 billion
WORLD
OpenAI to end equity vesting period for employees: Report
The move comes after the company shortened the vesting period for new hires to six months from the industry standard of 12 months in April
BUSINESS
Rich world’s rate-cut momentum is fading away
A year that dawned with the prospect of successive, if limited, rate cuts across the rich world is set to end with that momentum losing steam. Instead, central bankers are stepping back to assess how their progress so far is impacting growth and inflation.
CRYPTOCURRENCY
Tether’s $1.3 billion Juventus play pits new money vs old
The crypto firm’s all-cash proposal to buy Exor NV’s 65.4% holding for €2.66 a share values Juventus at about $1.3 billion
BUSINESS
Hong Kong, India fuel blockbuster year for Asia fundraising
The upswing has been broad-based across Asia. Four of the world’s five largest share-sale venues are in the continent, with India, mainland China and Japan trailing Hong Kong.
WORLD
US sets new Air Force One delivery date for mid-2028
The Air Force offered the latest estimate in a statement that said the timeline “is the result of continuing discussions between Boeing and the Air Force.”
BUSINESS
Paramount’s $54 billion debt plays a starring role in Warner bid
Paramount has a temporary financing package in place for the combined company, but it hasn’t locked in a maximum rate on more permanent borrowings for the transaction.
BUSINESS
SpaceX sets $800 billion valuation, confirms 2026 IPO plans
The per-share price of $421 in its latest secondary offering, laid out by Chief Financial Officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400 billion valuation.
BUSINESS
Stocks Tumble as Year’s Winning AI Bets Take a Hit: Markets Wrap
After technology heavyweights drove equity gains for much of the year, concerns about stretched valuations and vast capital outlays have prompted investors to look for opportunities elsewhere.
BUSINESS
Deutsche Bank, Goldman see Fed cuts rekindling dollar’s drop
Strategists expect the greenback to weaken again in 2026 as the US central bank continues to ease monetary policy just as others hold steady or move closer toward raising rates.
BUSINESS
Broadcom shares tumble after investors seek bigger AI payoff
The shares slid as much as 8.3% after markets opened in New York Friday, their biggest intraday drop since April 10
BUSINESS
Trump’s plan to push for cannabis rescheduling lifts pot stocks
Cannabis is currently labeled a Schedule I drug, putting it in the same category that includes substances like heroin and LSD, categorized as having no medical use and a high potential for abuse.
BUSINESS
BOJ is said to see hiking cycle likely extending beyond 0.75%
Even if BOJ officials update their estimate of the rate with the latest data, at this point they do not see the range drastically narrowing, according to the people. A narrower range suggests a central bank is closing in on the neutral rate.
BUSINESS
China set to deliver another lackluster economic report card
Numbers to be released by the National Bureau of Statistics Monday are expected to show retail sales rose 2.9% in November from a year before, the median forecast of economists surveyed by Bloomberg shows.
MARKETS
Asian stocks rise after global gauge hits new peak
MSCI Inc.’s index of Asian shares was up 0.9% on Friday, with all its sector sub-indexes advancing. Japan’s Topix led regional gains as shares of SoftBank Group Corp. jumped more than 6%.
SPORTS
Microsoft CEO Nadella is making a cricket app in his free time
The app will come in handy for Nadella, who has been investing in cricket teams.
BUSINESS
Dip Buyers Push S&P 500 to Record High as Oracle Shares Slide
An equal-weighted version of the S&P 500 rose 0.8%. The blue-chip Dow Jones Industrial Average gained 1.3%, posting its best day since January relative to the S&P 500.
BUSINESS
SpaceX $1.5 trillion value target hinges on Starlink — and Elon
SpaceX is planning an initial public offering that may be the world’s biggest ever.
BUSINESS
Oracle slides by most since January on mounting AI spending
Oracle’s stock had already lost about a third of its value through Wednesday’s close since a record high on Sept. 10. Meanwhile, a measure of Oracle’s credit risk reached a fresh 16-year high.
WORLD
Zelenskiy floats referendum over territory as US pressure mounts
Zelenskiy has engaged in talks over the latest peace proposal from President Donald Trump’s administration, but has maintained his position that Ukraine won’t consider surrendering territory to the Kremlin.
BUSINESS
EU nears Russian asset freeze deal to ease Ukraine loan
Moscow would retain a legal claim on the assets, however, which has left Belgium anxious that it could face repercussions.
BUSINESS
US trade deficit unexpectedly shrinks to smallest since 2020
The value of US exports rose 3% to the second-highest level on record, fueled by non-monetary gold and pharmaceutical preparations.
BUSINESS
Disney invests $1 billion in OpenAI, strikes licensing deal
Disney will become a major customer of OpenAI, using its tools to build new products and experiences and deploying ChatGPT for its employees.
BUSINESS
US jobless claims jump by most since 2020 after holiday drop
Initial claims increased by 44,000 to 236,000 in the week ended Dec. 6, according to Labor Department data released Thursday.
