The United States just posted its strongest burst of economic growth in two years. Output surged, consumers spent freely, and the headline numbers looked solid.But why do most Americans still feel that the economy is broken?Fairness has always been central to how the American economy functions. So if fairness is…
A consortium led by private equity firms KKR and PAG has agreed to acquire Sapporo Holdings’ real estate subsidiary in a deal valued at about $3 billion, marking another high-profile transaction as Japanese companies increasingly shed non-core assets and embrace foreign capital.Sapporo Holdings said on Wednesday that the deal to…
A federal court ruling has cleared the way for the Trump administration to proceed with a sharp increase in H-1B visa application fees, a move that could significantly alter how US companies hire skilled foreign workers. The decision, delivered on Tuesday, allows a $100,000 charge on new applications, reshaping one…
Shares of Dynavax Technologies jumped sharply in premarket trading on Wednesday after the US vaccine maker agreed to be acquired by French pharmaceutical group Sanofi in an all-cash deal valued at about $2.2 billion.Sanofi said it will pay $15.50 per share for Dynavax, representing a premium of roughly 39% to…
Bitcoin eased in early Asian trading and held around the mid-$87,000 area as market volatility continued to compress. Bitcoin investor and entrepreneur Anthony Pompliano said the absence of a year-end surge may reduce the risk of a major first-quarter selloff.Other analysts see deeper downside potential into 2026, while broader markets…
The Nifty 50 Index rose and is hovering near its record high, while Indian bond yields rallied after a major statement from the Reserve Bank of India (RBI). It has jumped by 10.9% this year and by 20% from its lowest point this year. RBI launches “shock-and-awe” planThe blue-chip Nifty 50…
Global markets are navigating a complex mix of trade policy uncertainty, surging commodity prices, and resilient equity performance as the year draws to a close. Washington signaled a pause — for now — in escalating trade measures against China’s semiconductor sector. At the same time, precious metals rallied to historic…
A South Korean court has rejected a move by two of Korea Zinc’s major shareholders, MBK Partners and YoungPoong, to block the zinc refiner’s planned new share issuance. The company is seeking to issue these shares to raise funds for a $7.4 billion smelter project in the US, according to a…
AST SpaceMobile Inc. has moved closer to offering space-based mobile connectivity by launching its largest satellite to date from India, said a Bloomberg report, marking a significant step in its global deployment strategy.The deployment marks a milestone for the Texas-based company as it seeks to challenge Elon Musk’s SpaceX in…
BP share price has pulled back in the past few weeks as investors have watched energy prices dip. The stock was trading at 427p, down by 10% from its highest point in November. So, will the stock rebound after the company starts its divestments?BP PLC made its first step in…