Browsing: Business
Despite calls from President Trump for immediate rate cuts, the Federal Reserve is poised to maintain current interest rates, leaving consumers struggling with persistent high borrowing costs.
Nvidia fell 14% premarket as China’s DeepSeek launched a cost-efficient AI model, shaking global markets and raising concerns over U.S. dominance in AI infrastructure.
Novo Nordisk’s amycretin shows up to 22% weight loss in trials, boosting its stock by 6.87% as the drug exhibits safety and potential as a next-gen obesity treatment.
Japan raised its interest rate to 0.5%, the highest since 2008, citing inflation and wage growth, signaling a shift in the Bank of Japan’s long-standing monetary policy stance.
Amazon announced the closure of seven Quebec warehouses, eliminating 1,700 jobs, amid allegations the move is linked to recent unionization efforts at a Montreal-area facility.
Calamos launches a Bitcoin ETF offering 100% downside protection, combining U.S. Treasuries and Bitcoin-linked options, with capped annual returns, targeting risk-averse investors.
Trade tensions rise as Trump considers tariffs on China and the EU. Canada warns of countermeasures, while China calls for cooperative solutions to trade disputes.
Former US President Donald Trump announces a $500B AI initiative with OpenAI, Softbank, and Oracle, launching the Stargate project to maintain US dominance in technology.
UK wages rose 6% in November, defying expectations, but jobless claims rose. The Bank of England faces mixed signals as it considers interest rate cuts amid economic uncertainty.
Germany’s DAX surpassed 20,000 points, a record high, even as the country’s economy faces recession, job cuts, and political instability, reflecting strong investor confidence in global markets.