Business news
- 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.
- China's industrial profits rise 0.6% in 2025, accelerating in December as output expands despite weak demand - EconomyChina's industrial profits rise 0.6% in 2025, accelerating in December as output expands despite weak demandPublished Mon, Jan 26 20269:05 PM ESTAnniek B
- Microsoft's plans for 15 more data centers win approval at former Wisconsin Foxconn site - Microsoft intends to expand in a place where it's been welcomed, months after backing down on a rezoning attempt in an adjacent village when residents objected.
- Health insurers tumble after Trump administration proposes keeping Medicare Advantage rates flat next year - Shares of large Medicare plan providers Humana, CVS Health and UnitedHealth Group plunged in extended trading.
- Trump says tariffs on South Korean autos, pharma, lumber to rise to 25% over trade deal enaction delay - South Korean-based automaker Hyundai Motor is the largest importer of new vehicles from that country into the United States.
- TikTok uninstalls are up 150% following U.S. joint venture - TikTok's daily average U.S. app uninstalls have increased nearly 150% over the past five days compared to the previous three months, Sensor Tower told CNBC.
- Nike to cut 775 employees as it accelerates 'automation' at U.S. distribution centers - Nike is cutting 775 employees, primarily from jobs at distribution centers in Tennessee and Mississippi.
- AI spending wasn't the biggest engine of U.S. economic growth in 2025, despite popular assumptions - The GDP value of AI is smaller than it might appear given that a lot of high-tech equipment is imported, according to a recent MRB Partners report.
- GameStop shares move higher after Michael Burry says he's been buying the stock - Burry said his investment is a long-term value play rather than a wager on renewed meme-stock speculation.
- Treasury cancels Booz Allen contracts after employee leaked Trump tax records - Booze Allen employee Charles Edward Littlejohn also had leaked tax records of Amazon's Jeff Bezos and Tesla chief Elon Musk to a news outlet.