Latest Business News
Asian Stocks Hit Records as Investors Shift from US
Asian markets reached record highs as investors pivot from US assets amid AI-driven growth and industrial opportunities. Experts highlight massive capex in AI infrastructure boosting global growth. Partnerships like a $12.5B Microsoft deal for data centers signal ecosystem expansion.
TikTok Closes Deal to Transfer US Operations to American Investors
TikTok and ByteDance finalized a deal transferring parts of its US operations to American investors, securing the app's future and avoiding a ban after years of tension. This new ownership structure resolves regulatory drama. Vietnam separately fined TikTok for data violations.
Intel Issues Weak Forecast After Supply Shortages Hurt Sales
Intel reported its worst decline in 17 months and gave a weak outlook due to supply shortages impacting sales. This contrasts with broader market optimism in tech sectors. Investors watch for recovery amid AI trends.
Economic Leaders at Davos Declare Global Growth Resilient Despite Trump Disruptions
Policymakers including ECB's Lagarde and IMF's Georgieva stated global growth holds despite Trump tariff threats and clashes. They urged focus on boosting growth, tackling debt, and AI's inequality risks post-Greenland tariff withdrawal. Europe needs productivity boosts.
Trump Sues JP Morgan Chase for $5 Billion
President Trump filed an explosive $5B lawsuit against JP Morgan Chase and CEO Jamie Dimon over unspecified claims. This adds to ongoing tensions in finance amid broader trade warnings. Dimon's 2025 pay rose to $43M despite challenges.
Xiaomi Reports 81% Jump in Q3 Profit on Strong EV Sales
Xiaomi's third-quarter profit surged 80.9% driven by electric vehicle sales and innovations, marking the first net gain from EVs in a quarter. The company announced a HK$2.5B share offering. This boosts Asian auto sector momentum.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group announced an unprecedented $85.8B investment over five years in AI, robotics, and EVs to enhance innovation and exports. This massive commitment aims to fortify South Korea's tech edge. It aligns with regional EV dominance like BYD in Singapore.
Akzo Nobel and Axalta to Merge Creating $25 Billion Paint Giant
AkzoNobel and Axalta Coating Systems are merging to form a $25B enterprise, with AkzoNobel shareholders receiving a $2.5B dividend. This strategic move consolidates the paints industry. It reflects ongoing M&A activity in materials.
UOB Soars 5% as STI Hits All-Time Peak; Singapore Inflation Cools
UOB shares jumped 5%, OCBC 3.4%, driving Singapore's STI to record highs. Core inflation averaged 0.7% in 2025, down from 2.8% in 2024. BYD captured over 20% new car market share.
Nvidia CEO Warns of China's Rapid Chip Progress Amid Trade Tensions
Nvidia CEO highlighted China's quick advancements in advanced chips, a key revenue driver, warning nations use tariffs and supply chains for collusion. He's meeting buyers as China approval remains uncertain. This ties into AI ecosystem ramps.
Apple Tops 2026 World's Most Admired Companies List for 19th Year
Apple ranked No. 1 on Fortune's 2026 World's Most Admired Companies list, topping it for the 19th consecutive year. This underscores sustained brand strength amid tech shifts. CEOs remain bullish on deregulation at Davos.
Goldman Sachs CEO Denies AI 'Job Apocalypse' at Davos
Goldman Sachs CEO David Solomon dismissed fears of AI causing a job apocalypse, noting technology has disrupted jobs for decades. He expressed CEO optimism but nervousness on policy. Focus shifts to growth post-tariff resolutions.