Latest Business News
Gulf Tensions Drive Oil Prices Higher
Oil surges as fragile truce in the Gulf holds with President Trump vowing to keep US troops ahead of Iran talks. Goldman warns Brent could exceed $100 if Strait of Hormuz remains shut. Hormuz traffic stays blocked as Iran formalizes control.
CoreWeave and Meta Strike $21B AI Computing Deal
Gig tech doubles down with CoreWeave and Meta announcing another massive $21 billion deal for AI infrastructure. This follows heightened AI capex amid market focus on tech stocks. Software stocks slip in US as Meta unveils new AI model.
US Economy Grew Sluggish 0.5% in Q4 2025
Commerce Department downgrades Q4 GDP growth to 0.5% annual pace due to 43-day government shutdown, from prior 0.7% estimate. Consumer spending rose 1.9%, business investment 2.4% likely on AI spending; full-year 2025 growth at 2.1%. Outlook hazy post US-Iran war energy disruptions.
Carlyle Private-Credit Fund Faces 15.7% Redemption Requests
Breaking news: Carlyle's private-credit fund hit with 15.7% in redemption requests amid market uncertainty from ceasefire concerns. This reflects broader volatility in private credit markets. Bond markets in focus on ceasefire risks.
Disney Plans 1,000 Layoffs Under New CEO
Disney is planning 1,000 layoffs as reported by WSJ, under new leadership amid cost-cutting measures. This comes amid rebounding stocks on cautious ceasefire hopes. Broader market rebound seen in US close.
Thomas Peterffy Argues Against Insider Trading Bans
Billionaire Thomas Peterffy sparks debate, stating there should be no bans on insider trading. He shared views on Bloomberg Open Interest. Discussion highlights ongoing controversies in financial regulations.
Iran Ceasefire Uncertainty Dampens Asia Markets
Ceasefire uncertainty leads to dampened mood in Asia with markets opening mixed in Tokyo, Seoul, Sydney. Iran claims US violated deal; Fed minutes note two-sided risks from Iran war. Tech stocks in focus amid AI capex trade.
US-Iran War Slashes Global GDP Growth Estimates
Iran war costs extend beyond finances, with crude prices up 50% and global GDP growth cut by 0.5-1%. US gas prices surpass $4; ceasefire volatile despite holding. Disruptions hit supply chains and livelihoods.
Iran Tightens Grip on Strait of Hormuz Despite Ceasefire
Iran formalizes control over Hormuz, tightening grip despite Trump's ceasefire deal to reopen strait. White House economic director discusses concerns on Fox Business. Hyundai reroutes ships due to blockages.
McCormick's Blockbuster Move Reshapes Global Food Industry
McCormick announces major move to reshape global food industry; CEO Brendan Foley joins Bloomberg for details. This amid broader business shifts from geopolitical tensions. Ties into volatile commodity markets.
Chinese Yuan Hits 3-Year High Amid Tensions
Chinese yuan reaches 3-year high as markets react to Iran truce and China's role. Fast Retailing, Seven & I set to report earnings in Asia. RBNZ Governor comments on policy outlook.