Latest Business News
US-Iran Talks Show Progress, Weighing on Oil Prices
Indirect talks between the US and Iran concluded with Iran's Foreign Minister noting good progress, though differences persist, leading to lower oil prices. WTI crude closed down 0.23% at $65.41/barrel, Brent up slightly 0.17% at $70.99/barrel. Technical negotiations are set for March 2nd.
NVIDIA Earnings Beat Expectations but Stock Plummets
NVIDIA's Q1 outlook exceeded Wall Street estimates, yet its stock fell due to uncertainties in China and shortages. The chipmaker leads but failed to impress investors amid AI and geopolitical pressures.
US 30-Year Mortgage Rates Fall Below 6% First Time Since 2022
US 30-year mortgage rates dropped below 6% for the first time since 2022, signaling potential easing in housing costs. This comes amid broader financial market movements.
Global Growth to Slow to 2.6% Amid Tariff Effects
World Bank projects global growth slowing to 2.6% in 2026 as trade weakens and tariffs intensify, with fading supportive factors. World Economic Forum cites uncertainty as the defining theme, with 50% expecting turbulence.
Fed's Goolsbee Cautious on Rate Cuts
Chicago Fed President Goolsbee indicated rates could be lowered but warned against premature action before inflation eases. He remains among the most optimistic on potential cuts.
UK Mortgage Firm MFS Declares Bankruptcy
UK mortgage company MFS filed for bankruptcy, impacting Wall Street banks like Barclays. This adds to credit market pressures amid AI growth and geopolitical tensions.
US Faces Rare Earth Shortages in Aerospace and Chips
US aerospace and chip industries increasingly face rare earth element shortages, threatening supply chains. This exacerbates vulnerabilities in key tech sectors.
India Relaxes Equity Fund Rules for Gold and Silver
India eased investment restrictions for active equity funds, allowing greater allocation to gold and silver. This aims to channel more capital into precious metals.
LG Energy Solution Leads Global Battery Innovation
LG Energy Solution is pioneering diverse battery technologies and expanding production capacity, setting new industry standards. This positions it at the forefront of the EV battery market.
Business Leaders Face Workforce and Cyber Risks in 2026
Conference Board survey shows C-suite worries top workforce challenges, regulation, cyberattacks (46.5%), and supply disruptions (41.6%). WEF highlights AI risks rising sharply long-term.
Trump Tariffs Spark Expectations of Retaliation
Discussions on President Trump's global tariffs note customer expectations of payback, amid ongoing economic consultations. German Chancellor Merz visits China and plans Washington trip.
AI Drives $5.3 Trillion Credit Market Boom
AI-related software sees massive credit growth, with $5.3 trillion needed over five years, including $35 billion in deals year-to-date like Google's. Geopolitics influences financing.