BUSINESS
Turkish broker with 2,400% stock surge reports huge profit jump
The Istanbul-based brokerage reported net income of 37.4 billion liras ($856 million) for the year, up from 531.7 million liras in 2024, according to an exchange filing late Friday.
WORLD
Italy likely to join Trump Board of Peace as observer: Meloni
The board is meeting in Washington on Feb. 19 and Italy was invited as an observer country, Meloni said in an interview with local media.
BUSINESS
Wall Street banks are paying their CEOs like it’s 2006 again
Such outsize paychecks for bank CEOs haven’t been seen since before the financial crisis.
WORLD
'Eva Dubin gave me your email': How Jeffrey Epstein got into hedge funds
Epstein would pour millions of dollars into the fund for years until his arrest and death in 2019, long after some other institutions had cut ties with him, according to a trove of documents released by the US Justice Department.
BUSINESS
Coinbase surges as dip buyers bet on crypto market bottom
The stock surged almost 17% to $164.32 on Friday, the biggest intraday increase since May 2025. Coinbase had stumbled around 8% yesterday, and is down about 45% in the past year.
BUSINESS
SpaceX said to weigh dual-class IPO shares to empower Musk
SpaceX is seeking to hold an IPO later this year, in a deal that could raise as much as $50 billion to fund AI data centers in space and a factory on the moon.
BUSINESS
Gold reclaims $5,000 as cooling inflation lifts Fed easing bets
Gold surged to a record above $5,595 in late January as a wave of speculative buying pushed the rally to a breaking point, before a rapid rout at the end of the month that pulled it back below $5,000 an ounce.
BUSINESS
OpenAI claims DeepSeek distilled US models to gain an edge
In the memo, sent Thursday to the House Select Committee on China, OpenAI said that DeepSeek had used so-called distillation techniques as part of “ongoing efforts to free-ride on the capabilities developed by OpenAI and other US frontier labs.”
BUSINESS
DP World CEO Bin Sulayem resigns amid fallout over Epstein files
DP World named Yuvraj Narayan as the new chief executive officer and Essa Kazim as chairman, it said in a statement on Friday.
BUSINESS
Morgan Stanley mulls $500 million India fund, shifts some assets
Morgan Stanley Investment Management invested in Omega in 2024 with a minority ownership and bought a controlling stake in RG Scientific that same year.
BUSINESS
Nvidia shares go cold even as Big Tech spending on AI balloons
Wall Street analyst estimates for Nvidia’s revenue and earnings in 2026 have barely budged since the tech giants revealed their mega-spending plans
BUSINESS
World Bank chief Ajay Banga says multilateralism has a role to play in tumultuous times
The World Bank estimates that 1.2 billion people will enter the job market over next decade in emerging economies, competing for the 400 million new jobs expected to be available
BUSINESS
Trump trade team working to narrow scope of metals tariffs
The US Trade Representative’s Office is scrambling to resolve complications spawned last year by the Commerce Department’s efforts to rush out President Donald Trump’s tariff agenda
BUSINESS
InsuranceDekho owner is said to plan $400 million India IPO
The Gurugram-based insurance aggregator has held recent discussions with investment banks about a potential listing and is expected to appoint advisers in the coming weeks
BUSINESS
IBM to triple US entry-level hiring for roles seen as replaceable by AI
While the company declined to disclose specific hiring figures, it said the expansion will be 'across the board,' affecting a wide range of departments
BUSINESS
Aluminum drops after report US will scale back import tariffs
Aluminum fell 1.3% to $3,058.50 a ton on the London Metal Exchange as of 1:45 p.m. in Shanghai
BUSINESS
Tencent’s AI lag fuels $173 billion stock rout as rivals thrive
Shares of Tencent Holdings Ltd. have slumped nearly 11% in Hong Kong this year, trailing a broader tech gauge
MARKETS
Asian stocks drop after AI jitters hit Wall Street
The MSCI Asia Pacific Index dropped 0.7%, its first fall in six sessions, with losses in Japan and South Korea
WORLD
Trump to end Minnesota immigration blitz in White House retreat
The moves come as Trump’s approval ratings on immigration, once a political asset, have cratered amid widespread criticism over the aggressive actions of federal agents in US cities.
WORLD
Judge orders US to take steps to return some deported migrants
The migrants will be taken into custody when admitted into the US, the judge noted, but he wrote that this would at least put them in a better position to press their legal claims.
WORLD
Russia memo sees return to dollar system in pitch made for Trump
At the heart of the offer is Russia’s return to the dollar settlement system, a move which would mean a stunning reversal of Kremlin policy and, potentially, a dramatic shake up for global finance.
BUSINESS
AI startup nabs $100 million to help firms predict human behavior
The startup said it aims to use its technology to anticipate the decisions a person might make in any given situation
BUSINESS
GQG holds over $24 billion in India as ‘perfect storm’ for stocks eases
New York-based GQG, which has more than $24 billion of its $166 billion total assets under management in India, is an outlier among international investors
BUSINESS
China bought some Venezuelan oil from US, says Trump administration
The global oil market was jolted in January as US forces swooped into Venezuela and seized former President Nicolás Maduro, with Washington asserting control over the OPEC member’s crude industry
