Latest Business News
S&P 500 Nears Record High on Incoming Liquidity
The S&P 500 is close to a new record high, supported by eight consecutive up days and expectations of a Fed rate cut next week. Fresh liquidity from government programs and corporate tax incentives is fueling market optimism .
Fed Rate-Cut Odds Surge to 90%
Wall Street expects an 87-90% chance of a Fed rate cut next week, driven by weak labor data and hopes for cheaper money. This has calmed market volatility and boosted investor sentiment .
Global Markets Mostly Rise Ahead of US PCE Data
Stock markets in Europe and Asia mostly rose, with Hong Kong and Shanghai up over 0.6%. Japan's Nikkei fell, but South Korea's Kospi gained 1.8% .
Chinese AI Chipmaker Moore Threads Soars 500%
Moore Threads surged nearly 500% on its Shanghai debut, reflecting strong investor appetite for AI-related stocks in China .
Hyundai Announces $85.8 Billion Investment in South Korea
Hyundai Motor Group will invest $85.8 billion in South Korea over five years, focusing on AI, robotics, and electric vehicles to boost innovation and exports .
AkzoNobel and Axalta to Merge into $25 Billion Paint Giant
AkzoNobel and Axalta Coating Systems are merging to create a paint industry leader with a $25 billion enterprise value, benefiting shareholders with a $2.5 billion dividend .
Xiaomi Reports 81% Jump in Q3 Profit
Xiaomi's third-quarter profit rose 80.9%, driven by strong electric vehicle sales and new initiatives, marking the first net gain from EV operations in a single quarter .
China Eases Rare Earths Export Rules
China is simplifying its rare earths export licensing system, following a meeting between Trump and Xi, to boost trade and industry competitiveness .
Japan Officials Back BOJ December Rate Hike
Key Japanese officials support a Bank of Japan rate hike in December, signaling a shift in monetary policy amid rising yields and economic reforms .
M&A Activity in Japan Reaches Near-Record Levels
Japanese M&A is set for its second-highest annual value, with more management buyouts and a focus on capital efficiency as firms address governance reforms .