Business

Nvidia Invests $3.5 Billion in MediaTek to Deepen AI Chip Partnership

Nvidia has committed $3.5 billion to MediaTek through convertible bonds, expanding an AI chip partnership between the two semiconductor firms.
Business Lynn Hatem -

Eli Lilly to Buy Merida Biosciences for Up to $2.88 Billion in Cash

Eli Lilly will acquire autoimmune drugmaker Merida Biosciences for up to $2.88 billion in cash, expanding its immunology pipeline.
Business Lynn Hatem -

UAE Intercepts Iranian Drone, Denies Strike on Al Menhad Airbase

The UAE said it intercepted a drone from Iran and rejected reports of a strike on its Al Menhad airbase, as U.S.-Iran attacks lifted oil prices.
Middle East Aarav Shen -

Grand Canyon Flash Flood Kills One, Leaves 15 Missing as More Storms Loom

A flash flood at Arizona's Grand Canyon killed one person and left about 15 missing, destroying the park's only water pipeline as more storms loomed.
America Aarav Shen -

Oil Rises After U.S. Strikes Iranian Oil Targets at Kharg and Larak

Oil prices climbed after the U.S. carried out its first strikes in weeks on Iranian targets near the Kharg and Larak terminals close to the Strait of Hormu
Middle East Aarav Shen -
Latest

Palantir Surges Past Q4 Expectations Fueled by Robust US Business Sales

Palantir's Q4 earnings beat expectations with strong sales to US businesses and government, driven by AI adoption. The company's stock surged on the positive results and optimistic future guidance.

Government Shutdown Looms Over Tax Season: IRS Staffing and Refunds at Risk

A partial government shutdown is impacting IRS staffing and operations during tax season, raising concerns about potential delays in tax refunds and processing. Learn more about the current situation and what it means for taxpayers.

AI Agents Move Beyond Chatbots as Enterprises Shift to End-to-End Workflows

Companies are shifting from chat assistants to AI agents that run real workflows in 2026, but success depends on governance, monitoring, and human-in-the-loop controls. The new priority is reliable action inside policy boundaries, not just fluent answers.

Global Rate Paths Split in 2026 as Australia Hikes and Europe Holds Steady

Global interest-rate policy is diverging in early 2026, with Australia turning to hikes, Europe holding steady, and markets watching mid-year for the next U.S. move. The split is reshaping expectations for currencies, bonds, and growth.

Yen Volatility Returns as Leaders Walk Back Comments on Currency Benefits

Japan’s leadership moved to limit market fallout after comments praising a weaker yen triggered a selloff and sent the dollar back above 155. Officials emphasized the remarks were general and not a directional signal.

U.S. Long-End Yields in Focus as Warsh-Led Fed Weighs Cuts and QT Together

Investors are positioning for a steeper Treasury curve as the next Fed chair is expected to pursue rate cuts while shrinking the central bank’s balance sheet. Strategists warn the combination could lift long-term yields and increase volatility.

PayPal Names New CEO as Branded Checkout Weakness Drives Forecast Concern

PayPal reported Q4 results below expectations and unveiled a CEO transition as the company flagged execution issues, particularly in branded checkout. Shares fell sharply as investors weighed a weaker outlook and intensifying competition.

Shanghai Offers Up to 20,000 Yuan in 2026 Car Trade-In Subsidies With Jan. 10, 2027 Cutoff

Shanghai published detailed 2026 trade-in and scrappage subsidy rules that can reach 20,000 yuan for eligible buyers. The policy sets vehicle-age thresholds, documentation requirements, and deadlines through early 2027.

China Bans Hidden Car Door Handles Starting Jan. 1, 2027, Citing Emergency Safety Risks

China will require mechanical interior and exterior door releases on passenger vehicles starting in 2027, accelerating design changes for models using retractable, flush handles. Automakers have until 2029 to update already-approved models.

China PMI Falls to 49.3 as Demand Softens and Services Retreat

China’s official PMIs slipped back into contraction in January, with manufacturing at 49.3 and non-manufacturing at 49.4, reflecting softer demand and holiday-season disruptions even as output stayed resilient.

Oil Edges Higher as Hormuz Risks Return and Traders Watch Diplomacy

Oil prices rebounded after a sharp drop as traders weighed Middle East maritime risks, renewed diplomatic signals, and supply concerns tied to Russia and OPEC+ policy.

Brazil Signals March Rate Cuts but Pledges to Keep Policy Restrictive

Brazil’s central bank held its benchmark rate at 15% and signaled easing could begin in March, while stressing it will keep policy restrictive until disinflation is secured and expectations are anchored.

Australia Lifts Cash Rate to 3.85% as Inflation Re-Accelerates

Australia’s central bank raised its cash rate target to 3.85% after inflation picked up in the second half of 2025, prompting lenders to lift variable mortgage rates in the days ahead.

Wall Street Shudders As Commodities Slide, With Gold And Silver Crashing From Record Highs

Commodities slumped as gold and silver plunged from record highs, with margin hikes and a stronger dollar amplifying the selloff and dragging global stocks into a broader risk-off move.

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