Business news
- Trump sues Jamie Dimon, JPMorgan Chase over alleged 'political' debanking - Chase Bank closed Trump's accounts on the heels of the Jan. 6, 2021, U.S. Capitol riot and the president exiting the White House later that same month.
- Rieder odds rising for Fed chair after Trump calls BlackRock executive 'very impressive' - Traders on the Kalshi predictions market raised the odds for Rieder getting the nomination to 33%
- Fed's main gauge shows inflation at 2.8% in November, edging further away from target - Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.
- OpenAI chair Bret Taylor says AI is 'probably' a bubble, expects correction in coming years - Taylor said the free market will ultimately determine where the value is and which AI players have the best products.
- Trump's latest tariffs U-turn is sparking a global market rally — and reviving talk of the 'TACO trade' - "Donald Trump’s TACO bell has rung once again, much to the joy of financial markets," one investor said on Thursday.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- Nvidia's Huang says AI boom will create 'six-figure salaries' for those building chip factories - "We're talking about six-figure salaries for people who are building chip factories or computer factories or AI factories," Nvidia's Jensen Huang said at WEF.
- Tougher stance on Trump is 'very good for business', says JP Morgan's Europe boss as CEOs welcome tariff U-turn - Market watches breathed sigh of relief on President Donald Trump's tariff U-turn, but keep focused on corporate resilience.
- 'Abnormal hatred' between Putin and Zelenskyy making it hard to reach peace deal, Trump says - An "abnormal hatred" between Russia and Ukraine's leaders remains a barrier to ending the war, but a peace deal is getting closer, Trump said.
- Denmark open to 'Golden Dome' talks after Trump touts framework Greenland deal - Danish Prime Minister Mette Frederiksen on Thursday welcomed U.S. President Donald Trump's Greenland pivot.