Latest Business News
US Economy Achieves 4.3% GDP Growth in Q3 2025
The US economy grew at an annualized rate of 4.3% in the third quarter, surpassing expectations of 3.2% due to strong consumer spending and reduced imports from tariffs. This marks the highest growth in two years, though unemployment rose to 4.6% and business investment in non-residential structures fell 6.3%.
The data defies slowdown fears despite a cooling job market.
Novo Nordisk Shares Jump 7.3% on FDA Approval for GLP-1 Pill
Novo Nordisk's stock rose 7.3% after FDA approval of its GLP-1 pill for obesity treatment. The approval boosts the company's weight-loss drug portfolio amid rising demand.
Analysts highlight positive momentum from health care sector developments.
Wall Street Closes Higher for Fourth Day on AI Momentum
Major indexes advanced with Nasdaq up 0.6% to 23,561.84, driven by AI stocks like Marvell Technology gaining 3.4%. S&P 500 hit a record 6,909.79, up 0.4%, with financials rising 0.9%.
Magnificent 7 stocks plan $380B AI capex in 2025, up 54% YoY.
ServiceNow to Acquire Armis for $7.75 Billion
ServiceNow announced a $7.75B acquisition of Armis, boosting its cybersecurity capabilities. Shares fell 1.48% amid the deal news.
The move aligns with tech sector consolidation trends.
Bitcoin Miners Pivot to AI, Lifting Related ETFs 90%
Bitcoin miners are retooling data centers for AI, driving a 90% rise in a bitcoin-mining ETF despite bitcoin's slump. This side hustle capitalizes on AI infrastructure demand.
The shift highlights convergence of crypto and AI sectors.
Mergers and Acquisitions Surge in 2025, 2026 Outlook Strong
M&A activity soared this year with bigger deals, falling rates, and private equity cash fueling growth. Experts predict even larger volume in 2026.
The trend supports corporate expansion amid economic resilience.
Copper Prices Rise Over 20% Since Trump's Tariff Talk
Copper has gained more than 20% since early July following President Trump's 50% tariff proposal. Dubbed 'the new gold,' it reflects commodity market shifts.
Tariffs are boosting industrial metal demand expectations.
Consumer Confidence Misses Estimates at 89.1
December consumer confidence index fell to 89.1, below the expected 92.5, from a revised 92.9 prior. The drop signals souring sentiment despite GDP strength.
It contrasts with robust spending driving growth.
Industrial Production Rises 0.2% in November
US industrial production increased 0.2% in November, with mining and utilities gains offsetting flat manufacturing. Capacity utilization held at 76%.
Data reflects mixed economic undercurrents.
Huntington Ingalls Shares Up 0.28% in Company News
Huntington Ingalls Industries gained 0.28% amid Tuesday's market recap. The defense firm featured in stocks to watch alongside tech peers.
Performance ties to broader market gains.
Zim Shares Rise 5.78% on Shipping Sector Strength
Zim stock climbed 5.78% in recent trading, highlighted in company news updates. The shipping company's gain reflects logistics sector resilience.
It contributes to positive market breadth.
Small Businesses Struggle with Holiday Margins
Higher costs are squeezing profit margins for small retailers this holiday season, pushing shoppers to big-box stores. Economic pressures challenge independents despite consumer spending.
The trend underscores retail sector divides.