Business

BYD says it will launch new generation of blade batteries next year

Wall Street closes higher after business activity data

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 forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

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 Surge Amid Sverdrup Outage and Ukraine Conflict Tensions

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.

Trump adds more Treasury secretary candidates, media reports

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.

TSMC Reaffirms $65 Billion US Investment Plan Despite Trump’s Election Victory

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 trims passenger target on Boeing delays, says fare falls easing

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 shares rise as planemaker makes new wage offer to end strike

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.