Latest Business News
Equity Markets Halt Winning Streak as Bitcoin Sells Off Sharply
Global equity markets paused their recent gains, with the S&P 500 down 0.3% and Bitcoin plunging 7%, impacted by growing investor risk aversion and a sharp $1 billion cryptocurrency wipeout.
Nvidia Invests $2 Billion in Chip-Design Software Maker Synopsys
Nvidia announced a $2 billion investment in Synopsys, enhancing its chip design ecosystem amid AI technology expansion, signaling intensified competition in semiconductor software.
Japan’s Nippon Steel Plans US Plant Construction by 2027
Nippon Steel is narrowing down locations for a new US steel plant with a 3 million ton annual capacity, aiming for final site selection by early 2027 to expand its footprint.
US Special Envoy Visits Moscow amid Ukraine Peace Talks
US envoy Steve Witkoff’s Moscow visit highlights ongoing efforts towards a Ukraine peace deal, with territorial disputes still a key challenge despite improved negotiations.
Michael Burry Bets Against Tesla, Citing Overvaluation Concerns
Investor Michael Burry publicly shorted Tesla shares, criticizing Elon Musk's proposed $1 trillion pay plan for potentially diluting shareholder value, reflecting bearish sentiment on Tesla's stock.
Japanese Government Bond Auction Attracts Strong Demand at Highest Yield Since 2008
Japan’s 10-year bond auction drew solid bids, with yields hitting their highest since 2008, prompting ripple effects in global bond markets and contributing to cautious investor mood.
OECD Upgrades Global Economic Growth Forecast to 3.2% for 2025
Despite trade tensions and policy uncertainty, the OECD raised its global growth forecast to 3.2% for 2025, noting strong AI investments and resilience in major economies including the US, China, and India.
US and UK Reach Agreement to Raise Drug Prices
The Trump administration secured a deal with the UK to increase prices for pharmaceuticals, aiming to shift more healthcare costs to foreign markets, a move with broad implications for global drug pricing.
European Green Energy Push Slows Industry Due to High Electricity Costs
Europe's aggressive green energy policies have cut emissions but also caused electricity prices to surge, negatively affecting industrial competitiveness amid transition challenges.
MongoDB and Credo Technology Set to Report Earnings, Market to Watch Post-Close
Investors anticipate earnings announcements from MongoDB and Credo Technology after market close, expecting insights on tech sector trends amidst ongoing volatility.