Business news
- Fed is likely to lower rates only two more times, even under Trump's next chair pick: CNBC Fed survey - Forecasters don't believe the next Fed chair installed by President Donald Trump will drive down overnight rates towards the low levels demanded by the president.
- GM tops earnings expectations, announces dividend increase and stock buyback program - GM recorded $7.2 billion in special charges for the fourth quarter of 2025, largely related to its pullback in electric vehicles and restructuring in China.
- All eyes are on Trump's reaction to the 'mother of all deals' between India and the EU - The trade deal is being widely seen as a strategic hedge against volatile U.S. trade policies.
- The 'middle powers' are having a moment, but can they stand up to Trump? - Some are looking to the world's "middle powers" as a possible bulwark against increasing unilateralism among global superpowers.
- Puma shares surge 20% after Anta Sports buys stake for $1.8 billion - Shares of Puma surged after China's Anta Sports said it would acquire a 29% stake in the German sportswear company for 1.5 billion euros.
- Big Tech’s AI data center push is spawning a new heat economy - AI’s energy problem may also be its solution, as cities are increasingly exploring opportunities to repurpose excess heat from data centers.
- Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region booms - Tencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
- India and European Union have closed a 'landmark' free trade deal, Prime Minister Modi says - Goods traded between India and the EU in 2024 amounted to over 120 billion euros (about $140 billion), making it New Delhi's largest trading partner.
- South Korea scrambles to pass U.S. investment bill after Trump threatens higher tariffs - The bill aims to establish a state-run investment corporation and fund to manage Seoul's planned $350 billion investment pledge to Washington.
- Asia markets seeing 'unbelievable' rush of capital, driving equity rallies and IPO frenzy - Asian equity markets are commanding global investor attention on the back of an IPO surge and rising cross-border, said JPMorgan and Goldman Sachs.