09:03
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.
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13:51
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.
20:04
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.
13:18
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.
10:30
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.
12:48
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.
19:00
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.
12:00
Boeing strike barrels on as workers reject wage deal
Boeing factory workers voted to reject a contract offer and continue a more than five-week strike
08:00
Meta lays off employees at WhatsApp and Instagram, the Verge reports
Meta has laid off staff across Instagram, WhatsApp, and Reality Labs to align with long-term goals.
11:55
Elon Musk unveils two-door robotaxi
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.
08:57
US considers to break up Google's search dominance
The U.S. DOJ's proposed remedies to break up Google's search dominance could weaken its core business and impact AI advancements.
10:46
US companies hit pause on Florida Ops as hurricane Milton approaches
Airlines, energy firms and a Universal Studios theme park were among the companies beginning to halt their Florida operations
20:00
Mark Zuckerberg becomes second richest in the World, overtaking Jeff Bezos
Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person, with a net worth of $206.2 billion.
15:49
Oil climbs on prospects of wider Middle East war
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.
08:05
OpenAI gets US$6.6 billion in new funding
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.
08:12
Dollar firm as war widens in Middle East
The U.S. dollar surged on Wednesday following an Iranian missile attack on Israel, as investors sought safe-haven assets amid rising tensions. The dollar index climbed 0.5% to 101.2, driven by strong U.S. job openings data and concerns over Middle East conflict.
05:20
Amazon wins partial dismissal of US antitrust lawsuit
Amazon wins a partial dismissal of the FTC lawsuit accusing it of monopolistic practices, though key details remain sealed. The FTC claims Amazon used anti-competitive tactics to dominate online marketplaces. The case will proceed in two parts, with some allegations allowed to continue.
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