BUSINESS
Metals see wild swings: Silver plunges 20% in biggest intraday drop since 2008, gold down 8%
Copper fell almost 4% in London, after surging above $14,000 a ton for the first time Thursday in its biggest intraday jump since 2008.
BUSINESS
Sandisk’s 1,600% rally keeps going after ‘unprecedented’ quarter
Shares of Sandisk surged as much as 25% in early trading Friday before pairing some of those gains
WORLD
Former CNN anchor Don Lemon arrested after Minnesota church protest
The arrest is the latest development in President Donald Trump’s crackdown on immigration in Minnesota, which has triggered massive protests across the state and nation
WORLD
Europe’s top economies all expand in defiance of trade turmoil
German gross domestic product rose 0.3% in the fourth quarter, advancing for the time since the start of 2025 and beating an initial estimate
WORLD
US judge tosses Luigi Mangione charge that could carry death penalty
US District Judge Margaret Garnett ruled Friday that prosecutors cannot pursue a murder charge that could have led to the death penalty if he were found guilty
BUSINESS
India bond lending plan said to be stalled by tax uncertainties
No trades have been executed on a portal set up in July 2024 by the nation’s sovereign debt clearing house
COMPANIES
Citigroup India said to hire Ankur Khurana to head commercial banking
The position opened up after veteran banker Bhanu Vohra departed in July to join the Indian unit of global consulting firm BDO
WORLD
Dollar is set for best day since July on Trump's Fed pick
An advance of the greenback against all major currencies trimmed its January slide. Long-term Treasuries underperformed
WORLD
How is Wall Street reacting to Trump's new Fed chair pick Kevin Warsh
Seen as a relatively hawkish choice, Warsh will need to navigate a president who in his second term pilloried Fed officials for not easing policy as aggressively as he would like
BUSINESS
Record foreign exchange reserves boost RBI’s firepower to shield rupee
A larger reserve buffer gives the central bank more firepower to defend the rupee. The currency is the worst performer in emerging markets this year, weighed down by outflows from equities and a delay in clinching a trade deal with the US
BUSINESS
Groww among bidders for Prudential's India Asset Management firm
Global asset managers are investing in India to take advantage of its ongoing equity boom
BUSINESS
Copper sinks as frenzy in China ebbs at close of turbulent week
Benchmark three-month futures dropped almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday
BUSINESS
London Metal Exchange trading glitch caps wild week for global metals traders
Trading pauses or delays are not entirely unheard of across global exchanges.
BUSINESS
Donald Trump’s deal to avert major shutdown set to miss funding deadline
While a short funding lapse and partial government shutdown is now seen as the most likely scenario, the effect on federal operations would be minimal if it’s swiftly resolved within a couple days
BUSINESS
Elon Musk’s SpaceX said to consider merger with Tesla or xAI
Any transaction could attract sizeable interest from infrastructure funds and Middle Eastern sovereign investors, some of the people said. A deal could also potentially require a large financing component, a person with knowledge of the matter said.
BUSINESS
Dollar, US yields rise as Donald Trump prepares to nominate Kevin Warsh for Fed Chair
US 10-year yields climbed three basis points and 30-year rates jumped five basis points, while the Bloomberg Dollar Spot Index rallied 0.4%.
BUSINESS
Apple's upbeat forecast clouded by fears about rising costs
Revenue during the holiday season trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China.
WORLD
US President Donald Trump sues IRS, Treasury for $10 billion for tax-return leak
The suit was filed Thursday in Miami federal court by Trump, his sons Donald Jr. and Eric, and the Trump Organization, which manages the president’s real estate holdings
WORLD
US issues licence for oil companies to operate in Venezuela
The licence issued by the US Treasury Department Thursday covers a variety of activities that could expedite the movement of Venezuelan crude, including exporting, selling, storing and refining that oil, as long as the work is performed by a US entity
BUSINESS
Gold’s record inflows from Asian ETFs seen by some as warning
The price of bullion has skyrocketed is recent weeks, with the yellow metal advancing more than 20% since the start of January, despite a pullback on Friday
BUSINESS
Gautam Adani hires top Wall Street lawyer in sign SEC case will advance
India’s second-richest person recently tapped Robert Giuffra Jr., to be his lawyer in the SEC’s lawsuit, court filings show. Giuffra is also working on President Donald Trump’s bid to overturn his criminal conviction.
BUSINESS
Amazon in talks to invest $50 billion in OpenAI, expand ties
OpenAI is also weighing a deal in which Amazon would use the startup’s artificial intelligence models, which power the popular ChatGPT chatbot, in its products and platforms, a person with knowledge of the matter said
WORLD
Trump says Venezuela airspace to reopen after Rodriguez call
Trump also said that major US oil companies are going to the South American country to scout out projects
WORLD
Trump says Putin vowed to halt Ukraine strikes due to cold
Trump said leadership in Ukraine 'almost didn’t believe it' but was 'very happy' with the Russian leader’s pledge
