Latest Business News
Airwallex Secures $330M in Series G Funding for Expansion and AI Hiring
Airwallex announced a $330 million investment to fuel expansion and hire artificial intelligence talent. In 2025, the company's annualized revenue surpassed $1 billion in October, reflecting a 90% year-over-year growth, along with significant transaction volume increases.
Paramount Makes $30 Cash Offer to Acquire Warner Bros. Discovery
Paramount has launched a $30 per share all-cash bid for Warner Bros. Discovery, directly targeting shareholders to counter Netflix's cash-and-stock offer. The deal aims to facilitate a smoother payout process, with Paramount's shares rising 3.5% while Netflix's fell 3.7%. The Netflix bid faces regulatory scrutiny over industry concentration concerns.
China's Exports Climb 5.9% in November, Surpassing $1 Trillion Surplus in 2025
China's trade surplus has exceeded $1 trillion so far in 2025, supported by a 5.9% increase in exports in November year-over-year. However, exports to the U.S. fell 29%, reflecting ongoing trade dynamics between the two economies.
IBM to Acquire Confluent for $11 Billion to Boost AI Deployment
IBM announced plans to purchase Confluent, a data streaming company, for $11 billion. The acquisition aims to enhance customers' ability to connect data and deploy artificial intelligence tools more effectively. IBM's stock rose by 0.8% following the announcement, while Confluent's shares jumped 28.5%.
Carvana to Join S&P 500 Index on December 22, Shares Jump 8.1%
Carvana's stock surged 8.1% after the announcement that it will be added to the S&P 500 index on December 22. Inclusion in this benchmark index typically leads to increased institutional buying. Other companies joining include CRH and Comfort Systems USA.
Stock Market Calm Returns Amid Shifts in S&P 500 Composition
Following weeks of volatility, Wall Street trading has stabilized. Changes to the S&P 500 list include drops of LKQ, Solstice Advanced Materials, and Mohawk Industries to the S&P SmallCap 600, reflecting shifts in company sizes and market capitalization.
CoreWeave AI Cloud Company Plans $2 Billion Debt Raise, Shares Fall 6.2%
CoreWeave announced it is raising $2 billion through debt financing, potentially repayable with cash and stock. The news caused the AI cloud firm's share price to decline by 6.2%, indicating investor caution amid financing concerns.
Non-U.S. Shipments Drive China’s Export Performance Beyond Forecasts
Despite tariff cuts under the US-China trade truce not boosting U.S. shipments in November, strong exports to non-U.S. markets propelled China’s export growth beyond economists’ expectations of 3.0%, supporting overall positive trade figures for 2025.
EV Blocks Founder Awarded Global Entrepreneur of the Year 2025
The founder of EV Blocks has been recognized as the Global Entrepreneur of the Year 2025 for transforming a simple idea into a global standard in electric vehicle technology. This accolade highlights innovation leadership in sustainable business solutions.
Mixed Asian Shares Ahead of U.S. Federal Reserve Interest Rate Decision
Asian markets showed mixed performances as investors awaited the Federal Reserve's upcoming interest rate decision. Economic indicators like China's trade surplus and export figures are influencing cautious trading activity across the region.