Uber’s Strong Earnings Signal Long-Term Potential, Analysts Say Stock Drop Is TemporaryUber continues to show robust growth, with analysts viewing the recent dip in stock prices as a buying opportunity.
U.S. Retail Sales Soar 3.8% in Record-Breaking Holiday Shopping SeasonU.S. retail sales rose 3.8% during the holiday season, driven by competition and promotions, with online sales increasing 6.7%.
OpenAI Struggles With Service Interruptions Again After Second Outage in DecemberOpenAI's ChatGPT and API faced over an hour of outage due to upstream provider issues, marking a second major disruption in December.
U.S. Dollar Soars to Two-Year High, Driven by Trump’s Economic PoliciesThe U.S. dollar strengthens amid expectations of Trump's policies, with mixed forecasts on inflation and interest rate cuts for 2024.
Gold Dips Slightly as Fed’s Slow Rate Cuts and Strong Dollar Pressure the MarketGold's price growth slows as investors assess potential interest rate changes in 2025 amid a strong dollar and low consumer confidence.
Expect a Slow Start to 2025 for U.S. Stocks, But Long-Term Growth is OnAnalysts caution that the U.S. stock market may not sustain its year-end rally in January and may instead experience short-term pullbacks.
Putin Endorses Bitcoin's Role in Russia's Expanding Global Financial ReachRussia has authorized Bitcoin for international payments, aiming to counter Western sanctions and enhance foreign trade transactions.
Japan’s Economic Challenges Exposed: GDP Takes a Hit, Falling Behind South Korea for the First Time in DecadesJapan's economy faces a sharp decline, with per capita GDP dropping behind South Korea for the first time since 1980.
Ford Joins Amazon and Meta in Backing Trump’s InaugurationFord donates $1 million and a vehicle for Trump's inauguration, amid potential trade policy impacts on automakers like Ford.
Honda and Nissan to Create World’s 3rd Largest Auto Group—What It Means for the Global MarketHonda and Nissan are discussing a merger to form a new holding company, aiming to enhance competitiveness amid industry transformation.
MetLife to Buy PineBridge Investments for $1.2 Billion in Strategic AcquisitionMetLife to acquire PineBridge Investments for up to $1.2 billion, enhancing its asset management capabilities and portfolio.
Ceneo vs. Google: Allegro's Subsidiary Sues for $568 Million in DamagesAllegro's subsidiary Ceneo is suing Google for $568 million, claiming anti-competitive practices harmed its business operations.
Toyota to Build First Fully-Owned EV Plant in Shanghai by 2027Toyota plans to build its first wholly-owned EV plant in China, focusing on Lexus production to enhance competitiveness by 2027.
Volkswagen Cuts Manager Salaries by 10% Amid Job Reductions and Production CutsVolkswagen is cutting manager salaries by 10% and reducing jobs by over 35,000 to address production capacity and avoid strikes.
Rumble’s Stock Soars After $775 Million Investment from Blockchain Giant TetherRumble secures a $775 million investment from Tether, maintaining CEO control, with plans for a stock buyback in Q1 2025.
Stellantis Pulls Back on 1,100 Layoffs in Ohio After CEO Steps DownStellantis cancels planned layoffs at its Ohio Jeep plant, affecting around 1,100 employees, amid declining North American sales.
Apple Faces Tough Competition in China: How Tencent and ByteDance Could HelpApple is seeking AI partnerships in China to enhance iPhones as competition with local brands like Huawei intensifies.
Bitcoin Dips, Tesla Drops—Is the Trump Trade Finally Losing Steam?U.S. stocks decline amid mixed signals from the Fed, with concerns over the "Trump trade" and optimism in AI sectors influencing the market.
U.S. Cracks Down on NVIDIA’s China Exports as Smuggling Ring Evades DetectionThe U.S. Department of Commerce has reportedly asked NVIDIA to investigate the distribution of its products to China over the past year.
Musk Eyes Unsupervised Driverless Cars in Texas and CaliforniaTesla accelerates autonomous driving efforts in Texas, aiming for fewer regulations and advancing technology under Trump's administration.
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