Business news
- SK Hynix overtakes Samsung in annual profit for the first time as AI reshapes rivalry - SK Hynix beats rival Samsung Electronics in profits for 2025 for the first time ever, as the memory maker retains a lead in AI products.
- Gold jumps over 3% to fresh highs as Asia stock markets trade mixed after U.S. Fed holds rates - The bullion rose more than 3% on Thursday to breach the $5,500 per ounce mark for the first time.
- Meta’s Reality Labs posts $6.02 billion loss in fourth quarter - Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.
- Samsung’s profit triples, beating estimates as AI chip demand fuels memory shortage - Samsung Electronics reported an over three-fold surge in fourth-quarter profits, hitting a new record and beating analysts' estimates.
- Tesla tops estimates for quarter, but wraps up first annual revenue drop on record - Tesla's earnings report comes weeks after Elon Musk's automaker reported another decline in vehicle deliveries.
- Meta shares rise on stronger-than-expected revenue forecast - Meta reported fourth-quarter earnings on Wednesday and provided stronger-than-expected sales guidance.
- Microsoft shows gain on OpenAI investment after restructuring as cloud growth slows - Microsoft’s finances look more favorable after OpenAI completed a restructuring.
- JPMorgan's Michele on 'Sell America' Headlines: 'Hogwash' - Bob Michele, JPMorgan Asset Management global head of fixed income, says he isn't seeing any signs of a "Sell America" movement on "Bloomberg Surveillance: The Fed Decides."
- Fed holds key interest rate steady as economic view improves - The Federal Reserve on Wednesday released its decision on interest rates.
- U.S. dollar rebounds after Bessent shuts down report of potential yen intervention - Treasury Secretary Scott Bessent shut down reports that the U.S. may step into the currency market.