Latest Business News
Global Stocks Steady as US-Iran Talks and AI Keep Markets on Edge
US equity futures face pressure despite a higher Friday close, with Asian markets mixed and European equities firmer. Investors balance softer consumer data against solid labor conditions amid AI concentration risks and inflation trends. Attention shifts to upcoming economic releases and Fed signals.
US Jobless Benefit Rolls Hit Two-Month High Amid Shutdown Delay
Continued claims rose to 1.957 million for the week ending October 18, per Labor Department data released Tuesday. This marks the highest in two months amid ongoing economic pressures.
Xiaomi Reports 81% Jump in Q3 Profit on Strong EV Sales
Xiaomi's third-quarter profit surged 80.9%, driven by its electric vehicle line achieving a net gain for the first time. The growth reflects burgeoning EV demand and innovative initiatives.
Akzo Nobel and Axalta to Merge Creating $25 Billion Paint Giant
AkzoNobel, maker of Dulux paint, will merge with Axalta Coating Systems in a deal valuing the entity at $25 billion. AkzoNobel shareholders will receive a $2.5 billion dividend.
Hyundai Pledges Record $85.8 Billion Investment in South Korea
Hyundai Motor Group announced plans to invest $85.8 billion over five years in AI, robotics, and EVs to boost innovation and exports. This is the largest such commitment in the nation's history.
Genuine Parts Company Reports Q4 and Full-Year 2025 Results, Plans Business Split
Genuine Parts released its 2025 financials and provided 2026 outlook on February 17. The company also announced separating its automotive and industrial businesses into two public entities.
Indonesian Nickel Giant Vale Invests $9 Billion in EV Battery Materials
The world's second-largest nickel miner is committing $9 billion to battery-grade nickel production despite rising iron-based packs. This deepens Indonesia's role in EV supply chains.
Singapore Exports Surge 9.3% in January on AI-Driven Electronics Demand
Key exports rose 9.3%, fueled by strong electronics shipments amid AI demand. This reflects robust regional tech sector growth.
Rampant AI Demand Fuels Growing Chip Crisis
Explosive AI needs for memory chips are causing supply shortages and market strains. This crisis impacts global semiconductor production.
UK Minimum Wage Hike Raises Youth Unemployment, Says Bank of England Official
Bank of England's Mann stated the minimum wage increase is contributing to higher youth joblessness. Policymakers monitor labor market impacts closely.
Elliott Buys into Norwegian Cruise Line, Stock Climbs
Activist investor Elliott has taken a stake in Norwegian Cruise Line, boosting its shares. This move highlights opportunities in travel recovery.