BUSINESS
India curtails more solar power as grid grapples with oversupply
The data points to a deepening mismatch between supply and demand when solar generation floods the grid during the day time.
BUSINESS
Gold edges higher with weakening US economy aiding haven demand
The precious metal advanced on Friday as a measure of US consumer sentiment fell to near the lowest on record, with the shutdown and rising prices souring the outlook.
WORLD
BBC leaders announce exit in spat with Trump over edited speech
In a post on his Truth Social platform, Trump called the individuals resigning from BBC “dishonest people” and accused of them of trying to influence a US presidential election.
WORLD
Bessent says Trump’s $2,000 ‘dividend’ may come via tax cuts
Trump has been stepping up his defense of his tariffs regime since the Supreme Court on November, 5 heard arguments for a suit to get them thrown out
WORLD
Hunger, flight chaos, health-care woes fail to end US shutdown
Republicans say they will only negotiate over an extension to the Affordable Care Act subsidies once Democrats vote to re-open the government
WORLD
Flip from AI rally chase to bubble fear spurs options demand in Wall Street
The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress
MARKETS
Rare inflation flip gives emerging markets edge on rich nations
What’s exciting investors is a sharp slowdown in inflation
WORLD
Holed-up Hamas fighters test future of Trump’s Gaza peace plan
The almost month-old ceasefire has twice been shaken by airstrikes launched by Israel in retaliation for ambushes against its troops around the southern Gaza town of Rafah, which it blamed on Hamas
BUSINESS
China consumer prices unexpectedly rose on Holiday demand
The consumer price index rose 0.2% from a year earlier, after a 0.3% decline in September, according to data released by the National Bureau of Statistics on Sunday.
WORLD
Hundreds more flights canceled as shutdown deepens travel chaos
Out of 21,748 flights scheduled on Saturday, about 3.7% had been canceled as of 8:45 a.m. New York time, according to data compiled by aviation analytics company Cirium.
BUSINESS
Plunge in Asia’s AI shares sows doubts over world-beating rally
The region’s sharpest decline since April, triggered by a tech-led selloff on Wall Street, has refocused attention on cracks beneath the surface: the rally’s narrow breadth, heavy reliance on retail traders, and growing uncertainty around the timing of Fed rate cuts.
BUSINESS
Trump Media stock slump deepens as election bump erased, losses mount
Trump Media & Technology Group Corp. reported a quarterly loss of roughly $55 million in the three months ending Sept. 30, according to a statement. That’s more than double a $19 million loss reported in the year prior.
BUSINESS
Nvidia CEO says no plans to ship Blackwell AI chips to China
Jensen Huang, who arrived in Taiwan Friday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co., took the opportunity also to clarify recent comments about the US-China AI race
BUSINESS
Honda cuts outlook on global chip shortage, gloomy EV demand
The carmaker sees ¥550 billion ($3.6 billion) in operating profit for the fiscal year ending March 2026
BUSINESS
Dubai tops New York as best spot for global elite, rankings show
Global wealth has been recovering from a slump in 2022, with Asia-Pacific growing the fastest of all regions, Savills said
WORLD
Japan’s PM Takaichi says nation’s economic policy has changed
Speaking in the lower house of parliament Friday, Takaichi said, “it’s fair to think that economic policy has changed.”
MARKETS
Asian stocks dip after volatile US day, bonds ease
US equity benchmarks dropped for the second time in three sessions with AI-related stocks such as Nvidia Corp. tumbling, while a closely watched volatility gauge spiked.
WORLD
H-1B visa hopefuls are being shut out of jobs by wary recruiters
The complications have intensified since the Trump administration introduced a sweeping overhaul of the H-1B visa program in September, including a new $100,000 application fee for employers seeking to sponsor skilled foreign workers,
BUSINESS
Bankers said to see Reliance’s Jio value as high as $170 billion
A valuation that size would place Jio among the biggest two or three companies in India by market capitalization, ahead of fellow telecom firm Bharti Airtel Ltd
BUSINESS
Iron ore falls for sixth day in longest losing run since August
The steel-making ingredient dropped for a sixth day, falling to as low as $102.65 a ton
BUSINESS
Shorting Xiaomi is consensus among hedge funds, Goldman says
Short interest in Goldman’s prime book rose 53% over the past week, the bank’s sales desk wrote in a note
BUSINESS
Nissan sells headquarters to Minth Group for $630 million
The acquisition will be led by a special purchase company managed by KJR Management, a Japanese real estate unit of private equity giant KKR & Co
BUSINESS
Nissan sells headquarters to Minth Group for $630 million
Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples with its worst financial position in more than two decades
WORLD
JPMorgan CEO sees headcount steady despite AI: ‘Always redeploy’
Jamie Dimon’s remarks affirm his prior guidance that the bank may expand its workforce
