Latest Business News
Broadcom Shares Slide as Investors Demand Bigger AI Payoff
Broadcom dipped in late trade after a strong forecast failed to meet investor expectations for AI revenue growth, with CEO Hock Tan providing only a vague timetable for the AI business. This reflects broader concerns over AI payoff timelines in the sector.
Analysts note similar pressures on other chip companies.
Disney Takes $1B Stake in OpenAI and Licenses Characters
Disney is licensing its iconic characters for use on OpenAI's video platform while taking a $1 billion stake in the startup. This move highlights growing entertainment-AI partnerships amid market rallies.
It comes as AI investments face scrutiny.
Oracle Slides on Mounting AI Spending Concerns
Oracle shares fell by the most since January due to rising AI spending pressures, reviving worries about an AI bubble. This contributed to mixed global shares despite US records.
Technology stocks faced sell-offs post-earnings.
S&P 500 Hits Record as Global Stocks Rally Beyond Tech
The S&P 500 closed at a record high with dip buyers stepping up, broadening the rally beyond tech amid Fed rate cuts. Asian shares tracked this rise despite AI concerns.
World shares showed mixed performance.
China Signals Modest Stimulus for 2026 and Property Stabilization
China indicated modest stimulus measures for 2026 at its Central Economic Work Conference, prioritizing growth amid eight key areas. It vowed to stabilize the deepening property crisis, with funds paring junk bonds amid Vanke issues.
This supports EM Asian bonds outlook.
SoftBank Eyes Data Center Switch for AI Push
SoftBank is considering a data center group switch as CEO Masayoshi Son hunts for AI opportunities. This aligns with surging AI infrastructure demands.
Investors watch for sector shifts.
Uber CEO Optimistic on Asia Expansion and Robotaxis
Uber CEO Dara Khosrowshahi sees robotaxis in over 10 markets next year and views India as hugely promising. He discussed Asia business outlook and partnerships like with Waymo.
Expansion focuses on robo-taxi growth.
EU Locks Up Russia's Frozen Assets to Prevent Vetoes
The EU plans to lock Russia's frozen assets until it ends the Ukraine war and compensates damages, bypassing potential vetoes from Hungary and Slovakia. This targets business and financial impacts from the conflict.
Measures aim to secure reparations.
US Natural Gas Plunges on Warm Forecasts
US natural gas prices plunged by the most in nine months due to warm weather forecasts reducing demand. This hit energy markets amid broader commodity shifts.
Oil outlooks discussed amid Venezuela tensions.
ICICI Prudential AMC Launches $1.2B IPO
ICICI Prudential Asset Management Company opened orders for a $1.2 billion IPO, drawing investor interest in Indian markets. This reflects optimism in emerging equities post-Fed easing.
Asia-focused funds see inflows.
Tencent Quits Paramount's Warner Bros Bid
China's Tencent withdrew from Paramount Skydance's bid for Warner Bros Discovery to avoid US national security scrutiny. This impacts cross-border media deals.
It underscores tensions in global entertainment M&A.