Temu and Shein's aggressive keyword bidding drives up search ad costs, impacting retailers this Black Friday. Rising "cost per click" pushes businesses to rethink strategies, shifting focus to social media, influencers, and high-value customer engagement.
Thai Airways International plans to raise up to $1.27 billion by issuing 9.82 billion new shares as part of its ongoing restructuring efforts. The national carrier, which entered bankruptcy protection in 2020, aims to exit the plan by mid-2024 and resume trading its shares.
Donald Trump plans steep tariffs on Canada, Mexico, and China, sparking trade war fears and raising concerns over USMCA violations and global economic impacts.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
Goldman Sachs and Morgan Stanley both predict the S&P 500 will hit 6,500 by 2025, driven by U.S. economic growth and corporate earnings. Risks include tariffs and bond yields, while earnings are expected to rise 11% with a $268 EPS projection.
Oil prices rose as Norway's Johan Sverdrup oilfield halted output due to a power outage, while escalating tensions in the Russia-Ukraine conflict added further pressure on global markets.
President-elect Donald Trump weighs options for Treasury Secretary, with former Fed Governor Kevin Warsh, Apollo CEO Marc Rowan, and Senator Bill Hagerty among top contenders. Key figures like Howard Lutnick and Scott Bessent are also in the mix, with meetings planned at Mar-a-Lago.
The Taiwan Semiconductor Manufacturing Company (TSMC) has reaffirmed its commitment to its $65 billion investment in U.S. semiconductor factories. It's despite President-Elect Donald Trump concerns over Taiwan's role in the U.S. semiconductor industry.
Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike
Meta has laid off staff across Instagram, WhatsApp, and Reality Labs to align with long-term goals.
Tesla CEO Elon Musk unveiled a futuristic robotaxi with gull-wing doors and no steering wheel or pedals, aiming for a 2026 production at under $30,000.
The U.S. DOJ's proposed remedies to break up Google's search dominance could weaken its core business and impact AI advancements.
Airlines, energy firms and a Universal Studios theme park were among the companies beginning to halt their Florida operations
Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person, with a net worth of $206.2 billion.
Oil prices rose on Thursday amid concerns that escalating Middle East tensions could disrupt crude supplies, though strong global supply capped gains. Brent crude hit $75.31, with fears growing over potential Israeli strikes on Iran. Rising U.S. inventories suggest the market remains well supplied.
OpenAI has secured $6.6 billion in funding, potentially valuing the company at $157 billion. Despite recent leadership changes, investor confidence remains strong, with projections of $3.6 billion in revenue this year and expectations for significant growth ahead.
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