Latest Business News
Wall Street Edges Higher Post-Thanksgiving on Fed Rate-Cut Hopes
U.S. stocks rose on Friday with the Dow Jones up 0.61%, S&P 500 0.54%, and Nasdaq 0.65%, led by tech and retail amid growing expectations of a Federal Reserve rate cut in December. Intel shares surged over 10% on news of supplying Apple’s new M processor starting in 2027. However, a CME Group outage briefly disrupted futures trading globally, underscoring risks in market operations.
Record Gains in U.S. Stock Indexes Amid AI Market Optimism
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have each hit multiple record highs in 2025, largely fueled by excitement around artificial intelligence technologies reshaping industries. Despite consumer credit card delinquencies rising, the stock market performance reflects significant investor confidence. However, commercial real estate CMBS delinquency rates surged to historic levels, signaling economic strain in some sectors.
Indian Exporters Diversify Amid US Tariff Challenges
Following increased US tariffs, Indian exporters in marine, auto parts, and jewellery sectors are shifting focus to alternative markets like UAE, Spain, Italy, and Saudi Arabia. While exports to the US fell 6% in October, overall India merchandise exports showed modest growth, helped by price competitiveness against countries like Indonesia and Ecuador, which have lower tariffs but raised prices.
Global Airlines Rush to Fix Airbus A320 Software Glitch
A software issue in Airbus A320 jets forced airlines worldwide to carry out urgent fixes, resulting in flight disruptions in Asia and Europe during peak travel periods. Major carriers including American Airlines, Delta, and Air India quickly addressed the problem, helping to prevent widespread delays. Airbus issued apologies as regulators mandated immediate remedies before flights could resume fully.
AI Drives Record $11.8 Billion Black Friday Online Spending in US
Artificial intelligence tools significantly boosted online shopping on Black Friday in the United States, resulting in a record $11.8 billion in sales. Globally, AI-influenced sales reached $14.2 billion, demonstrating AI’s growing role in transforming retail and consumer behavior during major sales events.
Young Entrepreneurs Propel Korea’s Beauty Industry Growth
In 2025, around 4,000 new Korean beauty brands launched via ODM partnerships, emphasizing product innovation over branding. Industry experts note Korean consumers' high sensitivity to trends enables success based on product strengths rather than brand history. Despite strong online sales, expanding offline channels in key markets remains a challenge for growth.
Donald Trump Credits Tariff Policies for US Economic Strength
Former President Donald Trump touted his tariff regime as foundational to making the US 'Rich, Strong, Powerful, and Safe,' asserting tariffs stopped wars and strengthened domestic security. Tariff revenues hit records, with $34.2 billion collected in October and over $215 billion in fiscal 2025. The ongoing Supreme Court review concerns presidential authority to impose tariffs without Congress approval.
Cathay Pacific Expands Aria Business Suites on Boeing 777 Routes
Cathay Pacific unveiled new Aria Business Suites on its Boeing 777 aircraft, extending the offering to San Francisco routes and increasing availability on long-haul flights. This upgrade aims to enhance premium cabin experiences amid intensifying competition in business travel.