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BUSINESS

  • Meta must face antitrust trial by FTC: Issues with Instagram and WhatsApp acquisitions A federal court allows the FTC's antitrust lawsuit against Meta to proceed, alleging monopoly through Instagram and WhatsApp acquisitions.
  • U.S. Lobbying Heats Up: Japanese and Chinese Automakers Invest Millions Amid Policy Shifts Japanese automakers are significantly increasing lobbying costs in the U.S. to counter protectionism and Biden's EV policies.
  • Waltz Advocates for South Korea-U.S. Shipbuilding Partnership to Challenge China’s Maritime Power Trump’s second term may boost US-South Korea shipbuilding ties to counter China’s naval growth, says National Security Advisor Waltz.
  • Spirit Airlines Furloughs Pilots and Prepares for Bankruptcy Filing in Next Few Weeks Spirit Airlines is filing for bankruptcy after failed merger talks with Frontier, facing financial losses and upcoming debt obligations.
  • Bitcoin Surpasses $90,000, Jump Fuels Optimism for $100K Next Bitcoin surpassed $90,000 for the first time post-election, reflecting strong market confidence in its continued rise.
  • U.S. Dollar Rises as Trump’s Policies Put Pressure on Global Currencies The US dollar surged to a one-year high following Donald Trump's election, bolstered by robust US growth and anticipated trade policies.
  • Copper Prices Tumble: What’s Behind the 12% Drop Since Trump’s Election? Copper prices are declining due to U.S. tariffs and disappointing Chinese stimulus, impacting the global metal market significantly.
  • Apple’s iPhone 15 Dominates the Top 3 Spots—Samsung Trails Close Behind Apple's iPhone 15 series dominated Q3 2023, taking the top 3 spots, while Samsung's Galaxy A series secured strong positions in the top 10.
  • Trump’s Tariff Talk Sends UBS Lowering China’s Growth Outlook to 4% UBS lowers China's GDP growth forecast for 2025 from 4.5% to 4% due to potential U.S. tariffs under President-elect Trump.
  • 43% Growth Forecasted for NVIDIA—Trump’s Pro-Tech Policies Could Drive Gains Trump's return to the White House is expected to positively impact Nvidia, with anticipated growth and deregulation in the AI market.
  • Bitcoin Breaks $80K Barrier: What Trump’s Win Means for Crypto Bitcoin has surged past $80,000, driven by optimism from Trump's election win and potential regulatory easing for cryptocurrencies.
  • From Tax Cuts to China Tariffs: Mnuchin on Trump’s Economic Revival Plan Former Treasury Secretary Steven Mnuchin predicts a return to tax cuts and tariffs under a Trump administration, emphasizing GOP agendas.
  • U.S. Interest Rates Drop—Is the Fed Signaling More Relief Ahead? The Federal Reserve (Fed), the U.S. central bank, has implemented another interest rate cut following its previous reduction in September.
  • Trump’s Win Sparks Fears of Costly Tariffs for Korean Auto Battery Giants Trump’s election victory raises concerns for South Korea's automotive and battery industries amid the U.S. presidential race.
  • Trump’s Win Sends Japanese Stocks Soaring, While China Feels the Squeeze Trump's election as the 47th U.S. President caused Japanese stocks to surge while Chinese markets declined, hinting at economic shifts.
  • Trump’s Victory Could Reshape the Chip Industry – Here’s Why South Korea Is Worried Donald Trump's victory in the 47th US presidential election raises concerns for domestic semiconductor companies regarding policy changes.
  • China Deepens Financial Ties with Saudi Arabia, Could Threaten U.S. Dominance China plans to issue 14 billion yuan in bonds in Saudi Arabia, deepening financial ties and potentially challenging U.S. influence.
  • Stellantis Plans 1,100 Layoffs in Ohio, Cites Need to ‘Regain Competitiveness’ Stellantis announces layoffs of 1,100 workers at its Toledo Jeep plant to improve efficiency amid declining North American sales
  • Google’s AI Push in Oil-Rich Saudi Arabia Sparks Climate Concerns Google will establish an AI data center in Saudi Arabia to create Arabic AI models, raising environmental concerns.
  • NVIDIA Backs China’s Self-Driving Frontier with DeepRoute.ai Partnership Chinese autonomous driving start-up DeepRoute.ai will receive NVIDIA automotive chips, enhancing its self-driving technology efforts.
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