Latest Business News
Fed Signals Slower Rate Cuts, Sparking Market Selloff
The US Federal Reserve indicated fewer interest rate cuts in 2026 than anticipated, causing a sharp decline in major indices: Dow fell 1.2%, S&P 500 dropped 1.5%, Nasdaq slid 2.1% [1]. Investors worry persistent inflation could prolong high rates, impacting borrowing costs for businesses [2]. Tech giants like Apple and Nvidia led losses amid broader risk-off sentiment [1].
Apple Reports Record Q4 Revenue on AI iPhone Demand
Apple's fiscal Q4 earnings beat expectations with $94.9 billion revenue, driven by 15% iPhone sales growth fueled by AI features in iOS 19 [3]. Services segment hit $26 billion, up 14%, offsetting China slowdown [3]. Stock rose 3% after hours [4].
OPEC+ Delays Output Hike, Oil Prices Surge 4%
OPEC+ members agreed to postpone planned oil production increases to mid-2026, citing weak demand, pushing Brent crude above $75 per barrel [5]. US WTI gained 3.8% to $72 [5]. This supports energy firms but raises inflation fears [6].
Nvidia Earnings Smash Forecasts on Data Center Boom
Nvidia posted Q4 revenue of $35.1 billion, up 94% YoY, exceeding estimates due to explosive demand for AI chips [7]. Gross margins hit 76%, with Blackwell platform ramping up [7]. Shares jumped 5% in aftermarket trading [8].
Pfizer Acquires Biotech Firm Seagen for $43 Billion
Pfizer completed its $43 billion acquisition of Seagen, bolstering oncology pipeline with four approved cancer drugs [9]. Deal expected to add $10 billion annual revenue by 2030 [9]. Positions Pfizer as ADC leader amid patent cliffs [10].
Tesla Cybertruck Production Hits 1,000/Week Milestone
Tesla ramped Cybertruck output to over 1,000 units weekly at Texas Gigafactory, targeting 250,000 annually by 2026 [11]. Q4 deliveries beat estimates at 500,000 vehicles [11]. Elon Musk hints at cheaper models in 2026 [12].
EU Probes Chinese EVs Over $30B Subsidies
European Commission launched anti-subsidy investigation into BYD and SAIC EVs, potentially imposing 35% tariffs [13]. China exports surged 70% YoY, threatening EU automakers like VW [13]. Retaliation risks escalate trade tensions [14].
Amazon Web Services Tops $100B Annual Run Rate
AWS reported $28.8 billion Q4 revenue, pushing trailing 12-month total over $100 billion for first time [15]. AI infrastructure demand drove 19% growth [15]. Supports Amazon's path to $2 trillion valuation [16].
Boeing Strikes End, 737 MAX Production to Resume
Machinists' union ratified new contract, ending 7-week strike costing $10B [17]. Boeing plans to ramp 737 MAX to 42/month by mid-2026 [17]. Clears path for $20B inventory reduction [18].
Bitcoin Surges Past $95K on ETF Inflows, Trump Policies
Bitcoin hit $95,800 amid $2B weekly spot ETF inflows and pro-crypto signals from incoming Trump admin [19]. MicroStrategy added 50,000 BTC to holdings [19]. Analysts eye $100K by year-end [20].
Adani Group Wins $6B Australia Port Deal Amid Probes
Adani Ports secured 99-year lease for Australia's Abbot Point terminal for $6B, despite ongoing bribery investigations [21]. Deal boosts India-Australia trade corridor [21]. Shares rose 2% on announcement [22].
Shein Files Confidential US IPO Amid Regulatory Hurdles
Fast-fashion giant Shein submitted US IPO filing, targeting $90B valuation post-London snub [23]. Faces forced labor scrutiny and tariff risks [23]. Plans London listing if US fails [24].