US stocks, as represented by the benchmark S&P 500 index, are on track to close the year in green.But a so-called “Santa Claus rally” may not show up this year – and that doesn’t paint a particularly rosy picture of what’s to come in 2026, says Jonathan Krinsky, chief market…
President Donald Trump sought to reassure Americans anxious about the cost of living by announcing a one-time holiday payment for military service members and promising sweeping housing reforms in the coming year, even as economic headwinds continue to cloud his second term.Speaking during a prime-time address from the White House…
Pop Mart International Group Ltd., once one of Hong Kong’s hottest stocks, is facing growing investor skepticism as signs emerge that the global craze for its Labubu character may be cooling. Shares of the Chinese pop toy maker have fallen about 40% from their peak, erasing tens of billions of…
Apple is rolling out targeted changes to its iPhone software in Japan as the country’s new competition law takes effect, marking another step in how the company adapts its tightly controlled ecosystem to local regulation. The updates are designed to comply with the Mobile Software Competition Act, a law passed…
BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO. This move signals BP’s intention to intensify efforts to increase returns and prioritise oil and gas operations, following a scaling back of its earlier, ambitious renewable energy strategy.A historic appointmentO’Neill’s appointment, which is slated to…
RRP Semiconductor Ltd. has emerged as one of the most extreme examples of how India’s enthusiasm for artificial intelligence-linked stocks can detach from corporate fundamentals. Once largely unknown, the company has drawn global attention after delivering the strongest share price gains worldwide, turning into a reference point for regulators and…
Indonesia faces a massive financial challenge in its shift to greener energy for captive power, requiring an estimated $31 billion in investment by 2030 and a total of $92 billion by 2050, according to a new report from the Just Energy Transition Partnership (JETP).The captive power sector, defined as electricity…
OpenAI has held early discussions with investors about raising fresh capital at a valuation of around $750 billion, The Information reported on Wednesday, underscoring the extraordinary pace of capital flowing into the artificial intelligence sector.According to the publication, the ChatGPT maker could seek to raise as much as $100 billion.…
Prominent New York investor, Standard General, has been approached about acquiring all or part of Warner Bros Discovery’s cable television business, including CNN, reported Financial Times.Soo Kim, founder of hedge fund Standard General, has held discussions about potentially buying or investing in WBD’s television networks, according to people familiar with…
Activist hedge fund Elliott Management has built a stake of more than $1 billion in Lululemon Athletica, positioning itself as one of the athletic apparel maker’s largest shareholders as it pushes for changes aimed at reviving the struggling brand, a source familiar with the matter told Reuters.The move comes at…