Latest Business News
Goldman Sachs CEO Bullish on 2026 M&A Boom Despite Policy Noise
David Solomon reports CEOs ready for record investments in AI and markets, fueled by stimulative policies, predicting one of the best M&A years ever. He highlights a deregulatory shift enabling deal resurgence after years of blocks, with IPO mega-cycle ahead.
Europe's low growth contrasts U.S. strength.
Gold Nears $5,000 Milestone as U.S. Futures Mixed
Gold prices approach $5,000 amid market volatility; U.S. stock futures and Asian indexes rise while European ones dip post-Trump's Greenland tariff reversal. Business activity rebounds in Europe and Asia with improving export orders amid U.S. tariffs.
OpenAI Hits $1B Monthly from API, Not ChatGPT
OpenAI added over $1 billion in annual recurring revenue in a month via its API business, as stated by Sam Altman. This growth surpasses ChatGPT contributions, highlighting enterprise demand.
Japan's Business Activity Expands Fastest in 18 Months
S&P Global Flash PMI shows private sector output rising quickest since mid-2024, driven by manufacturing new orders after 32 months. Inflationary pressures intensify with hiring up amid resilient demand from U.S., China.
GDP growth indicated at 1.0% quarterly.
Bank of Japan Holds Rates at 30-Year High
BoJ maintains rates amid bond gyrations, yen volatility, and policy worries. This follows last hike's impact assessment in dramatic market conditions.
China Signals Tolerance for Stronger Yuan
People's Bank of China sets strongest reference rate in nearly three years. This indicates policy shift amid global currency dynamics.
Tesla Launches Chaperone-Free Robotaxi Rides in Austin
Tesla removes human supervisors for some robotaxi rides, 10 months after Waymo's competitor. A Tesla executive confirmed the unsupervised operations.
Trump Admin Pushes Out China Tech Threat Officials
Key Commerce Department staff focused on Chinese tech risks depart. They protected U.S. from technological advances.
U.K. Retail Sales Rise Unexpectedly Over Christmas
Sales increased due to budget relief avoiding tax hikes and cutting energy bills. Households showed spending resilience.
Venezuela Oil Bill Aims to Attract Investors
New legislation seeks to boost output and draw foreign firms, though short of Trump's big investment goals. Analysts note aid for existing companies.
Amazon Set to Cut Thousands More Corporate Jobs
Amazon expected to announce further layoffs soon in corporate roles. This follows previous workforce reductions.
Mali Tightens Grip on Gold Mining Sector
President strengthens control via new appointment amid Barrick feud. Aims for strategic oversight in Africa's top gold producer.