Latest Business News
Gold and Silver Surge to Record Highs
Gold rose 1% to $4,512 per ounce and silver climbed 1.4% to $69.52, driven by geopolitical risks and U.S.-China trade tensions. Markets show comfort with higher prices, supported by renewed demand.
This adds to consistent yearly gains amid economic uncertainties.
Asian Shares Climb in Holiday-Thinned Trading
Australia's S&P/ASX 200 jumped 1.1% to 8,795.70, South Korea's Kospi added 0.3% with shipbuilder Hanwha Ocean up 12.5% on U.S. battleship deal. Hong Kong's Hang Seng fell 0.1%, Shanghai edged up 0.1%.
Europe's FTSE 100 up 0.1%, DAX 0.2% ahead of U.S. GDP data.
U.S. Stocks Advance Amid AI Optimism
S&P rallied toward eight straight gains after 2% December drop, with firms using AI for efficiency. Companies shift from caution to expansion, balancing AI disruption.
Bitcoin miner boosted deal citing crypto and infrastructure evolution.
Vanke Averts Default but Faces $1.3B Debt
China's Vanke avoids immediate default yet remains liable for $1.3 billion in debt. This occurs amid broader market rally and holiday sales expectations.
Firm's situation highlights ongoing pressures in property sector.
Bitcoin Hovers Near $109K After Pullback
Bitcoin shows recovery signs near $109K following profit booking-led decline, breaking October streak with first monthly loss since 2018. JPMorgan explores crypto trading for institutional clients.
Japan's crypto players eye market share on regulatory easing hopes.
Retail Sector Eyes Solid Holiday Sales
Ali's Bargain Outlet expects strong holiday sales with consistent management approach. Brands like Abercrombie and Macy's stage comebacks in decent year for retail.
Firms plan slightly more aggressive orders next year.
Infosys ADRs Drop 7% in Opening Trade
Infosys American Depositary Receipts fell 7%, snapping three-session win streak. This amid broader IT sector updates and Q2 results focus.
India's tech schools see opportunities in Trump's H-1B curbs.
Global Markets Mixed Ahead of U.S. Data
U.S. futures flat post higher close, awaiting delayed Q3 GDP and jobless claims. European Stoxx 600 up 0.3% led by Novo Nordisk on FDA approval.
Oil edges higher to $58.08 Brent $62.18 after tanker pursuit.
Coinbase Maintains Edge in U.S. Crypto Race
Coinbase holds advantage as rivals' listings reshape landscape. Bitcoin minor deals boosted by crypto evolution.
Market volatility persists with recovery signals.
India Job Market Revives with 11% Hiring Intent
Job index rises to 53.8 in 2025, showing revival signs for 2026 with 11% hiring intent. GCC sector to add 2.8-4M jobs by FY30.
India Inc seeks freelance talent to compete.
Warner Bros. Discovery Faces Paramount Bid Drama
Investors watch Warner Bros. response after Paramount sweetens offer post Netflix bid with bank lending. U.S. trade war and inflation weigh on markets.
Consumer confidence survey due Tuesday.