Gold prices edge higher amid quiet holiday trading
Focus shifts to Federal Reserve’s rate strategy and Trump’s upcoming policies
Nike focuses on comeback after tough year
In its latest earnings report, the company plans to focus on innovation, promote sports-focused marketing, and clear old stock with discounts
US Fed faces lawsuit from major banking organizations over annual stress tests
The groups criticize the current system for creating inconsistent and unexplained requirements on bank capital
Microsoft works to add non-OpenAI models into 365 Copilot products
When Microsoft announced 365 Copilot in March 2023, a major selling point was that it used OpenAI's GPT-4 model
China plans $411 billion special treasury bond issuance next year: report
Funds to boost consumption, innovation, recapitalise state banks; Beijing aims to soften economic blow from expected U.S. tariffs
Walmart sued for allegedly opening unauthorized bank accounts for over 1 million drivers
Company allegedly opened accounts using workers' Social Security numbers; lawsuit claims $10 million in fees
HSBC, IFC partner to bridge emerging market trade financing gap
Collaboration aims to address $1 trillion trade-finance gap in developing economies
GM contributes $625 million for joint venture with Lithium Americas on Thacker Pass mine
Thacker Pass is expected to produce 40,000 metric tons of battery-grade lithium carbonate annually in its first phase, sufficient for up to 800,000 electric vehicles
Polish e-commerce Allegro’s unit sues Alphabet for $568 million
A subsidiary of Polish e-commerce platform Allegro on Monday filed a lawsuit against Google-owner Alphabet, Google Ireland, and Google LLC, seeking 2.33...
Elon Musk’s X raises Premium Plus subscription prices
The monthly subscription price rises from $16 to $22, while the annual cost increases from $168 to $229
Apple approaches $4 trillion valuation as investors bet on AI momentum
Apple’s valuation stands at $3.85 trillion, exceeding the combined value of Germany and Switzerland's markets
Malaysia’s 1MDB accuses Amicorp group of involvement in historic fraud
1MDB accuses Amicorp Group and its CEO of facilitating $7 billion in fraudulent transactions in 1MDB's historical corruption scandal
Trump denies ceding presidency to Elon Musk
Trump praises Musk but clarifies, “And no, he’s not taking the presidency.”
Honda, Nissan agree to discuss merger forming world’s third-largest automaker
The combined entity projects to generate $191 billion in revenue, $19 billion profit, with Honda nominating majority board members
Honda and Nissan consider mutual production of vehicles, Kyodo reports
Automakers explore deepened collaboration, including shared production and hybrid vehicle supply, amid strategic challenges and shifting global trade dynamics