Latest Business News
Macron Seeks Xi’s Support on Ukraine, Calls for China Investment
French President Emmanuel Macron, during a three-day state visit to China, urged Xi Jinping to leverage China's influence to help end the war in Ukraine and warned against disrupting the global order. He also pushed for increased Chinese investment to narrow the trade gap between the countries.
Fed Rate-Cut Odds Surge as US Labor Data Weakens
Wall Street now prices nearly a 90% chance of a Federal Reserve rate cut in December, driven by weak US labor data, including significant payroll losses reported by ADP and Challenger layoffs. The divide within the Federal Open Market Committee continues, but the market is increasingly hopeful for easing.
Manhattan Luxury Home Sales Surge Post-Mayoral Election
Contracts for Manhattan homes priced over $4 million jumped 25%, contradicting prior predictions of a millionaire exodus from the city. A leading realtor noted the notion of fleeing New York was overblown, highlighting a strong luxury real estate market.
Meta Faces EU Antitrust Probe Over WhatsApp AI Features
The European Union has initiated a new antitrust investigation into Meta, specifically examining AI functionalities integrated into WhatsApp. This adds to ongoing regulatory scrutiny facing major tech firms across Europe.
Delta Airlines Records $200 Million Loss from Prolonged Government Shutdown
Delta highlighted a $200 million hit in finances due to the longest government shutdown in US history, with CEO Ed Bastian citing disruptions to air traffic control and safety concerns unprecedented in commercial travel.
AI Reshapes Workweek Dynamics, Leadership Urged to Adapt
Artificial intelligence technologies are changing workplace rhythms, with meetings now clustered midweek and employee engagement increasing, suggesting leaders must reconsider traditional work structures to optimize productivity.
Morgan Stanley Considers Selling Part of Data Center Holdings
In response to shifting market dynamics and cost pressures, Morgan Stanley is evaluating a potential sale of some of its data center assets, reflecting broader trends in the tech infrastructure investment space.
Copper Market Exhibits Surprises Amid Cost-Cutting Strategies
Following announcements from Rio Tinto's new CEO about cost reductions, copper markets showed unexpected movements, highlighting continued volatility and opportunity in commodities linked to global industrial demand.
Venmo Resolves Service Outages After Hours of Disruption
After experiencing hours-long issues sending and receiving money, Venmo confirmed full restoration of services and acknowledged customer inconvenience during the downtime.
Russian President Putin Arrives in India Amid Delicate Diplomatic Balancing
President Vladimir Putin's visit to India places Prime Minister Modi in a challenging position, balancing ties with Russia and the United States, amid evolving geopolitical and economic cooperation considerations.