Key Points: China may back out of buying 8 million tons of US soybeans. The Supreme Court recently struck down President Trump's sweeping tariffs. Without the threat of tariffs, China can buy cheaper soybeans from Brazil. The USDA will offer...
Key Points: OpenAI has a team of 200 employees building new AI gadgets. The company plans to sell the speaker for $200 to $300. Smart glasses are also in development for a 2028 release. The project follows the $6.5 billion purchase of Jony Ive's startup. OpenAI is making a major push into the physical world. The company behind ChatGPT has put together a team of...
Key Points: The Supreme Court ruled 6-3 that President Trump lacked the authority to impose his sweeping tariffs. U.S. stock markets surged following the decision, erasing early morning losses. Economic growth slowed to 1.4% in the fourth quarter, missing analyst forecasts. Core inflation jumped 3.0% over the last year, reducing hopes for quick interest rate cuts. U.S. stocks climbed on Friday after the Supreme Court...
Key Points: A federal judge in Miami rejected Tesla's attempt to overturn a massive jury verdict. The automaker must pay $243 million to the families of victims from a 2019 crash. The fatal accident involved a Tesla Model S operating on the Autopilot system. Judge Beth Bloom declared the trial evidence fully supported the jury's financial award. A federal judge in Miami dealt a heavy...
Key Points: The U.S. economy grew at just a 1.4% rate in the fourth quarter. A record 43-day government shutdown...
Key Points: Japan's core consumer inflation hit 2.0% in January. This marks the slowest rate of price growth in two...
Key Points: Nvidia is close to finalizing a $30 billion investment in OpenAI. This deal replaces a previous long-term $100...
Key Points: President Trump is suing the IRS for $10 billion over a tax data leak. Critics argue this creates...
Key Points: Brent crude and US oil prices jumped roughly 2% on Thursday. Gold prices reclaimed the $5,000 mark as...
Key Points: The European Central Bank fined JPMorgan 12.18 million euros. The bank miscalculated risk-weighted assets for 15 consecutive quarters....
Key Points: Taalas raised $169 million to build faster, cheaper AI chips. The technology "hard-wires" AI models directly onto silicon....
Key Points: ESA stock fell 6% following the announcement of a public offering. The company priced 1.74 million shares at...
Key Points: The December trade deficit jumped over 32% to $70.3 billion. The gap for physical goods hit an all-time...
Key Points: Sam Altman and Dario Amodei refused to hold hands during a group photo. The incident occurred at the...
Key Points: Fed officials show no urgency to cut rates, keeping hike options open. The dollar strengthens while the euro...
Key Points: U.S. President Trump signed an order protecting phosphorus and herbicide supplies. The White House invoked the Defense Production...
Key Points: eBay will acquire fashion app Depop from Etsy for $1.2 billion. The company forecasts first-quarter revenue between $3...
Key Points: World Labs secured $1 billion to develop "spatial intelligence" technology. Major investors include chip giants AMD and Nvidia,...
Key Points: Microsoft matched 100% of its electricity usage with renewable energy last year. The company contracted 40 gigawatts of...
Key Points: Barclays sees fragility in the market's current risk appetite. The bank keeps a positive rating on U.S. Growth...
Key Points: Bank of America is starting a specialized art consulting service. Wealthy clients hold over $2.5 trillion in art...
Key Points: The ECB designed the digital euro to keep banks central. New currency aims to compete with non-European tech...
Key Points: Santos plans to cut roughly 10% of its staff to lower expenses. The company reported full-year profits that...
Key Points: The IMF advised Japan to continue raising interest rates. The agency warned against a proposed cut to the...
Key Points: Meta will use millions of Nvidia chips to power its AI data centers. The deal includes the first...
Key Points: WTI crude dropped to near $62 a barrel on Tuesday. Iran confirmed a "general agreement" on nuclear talks...
Key Points: SoftBank Group dissolved its stake in Nvidia during the fourth quarter. Nvidia shares dropped 1.6% following the disclosure....
Key Points: Ormat signed a deal to provide 150 MW of geothermal power. The energy will support Google’s data center...
Key Points: Portland General Electric is buying PacifiCorp's Washington assets for $1.9 billion. The deal includes wind and gas plants...
Key Points: Bitcoin dropped 1.7% to trade around $67,600 on Tuesday. US tech stock futures slid, dragging crypto prices down....
Key Points: Ireland's Data Protection Commission is investigating X's chatbot, Grok. The probe focuses on the creation of sexualized AI...
Key Points: Copper earnings surpassed iron ore for the first time ever. BHP shares jumped 7% to hit a new...
Key Points: Australian Federal Court dismissed the case against Santos on Tuesday. The lawsuit claimed the company misled investors about...
Key Points: SpaceX and xAI have joined a secret military competition. The contest aims to build voice-controlled drone swarms. The...
Key Points: Invest International is loaning Nexperia $60 million for global upgrades. The funds will modernize production lines and boost...
Key Points: Italy and France closed slightly higher, while Germany's DAX fell. Defense and industrial stocks like Leonardo and Airbus...
