Mortgage rates have risen to 6.91%, the highest in six months, despite the Federal Reserve's recent interest rate cut. Rates were 6.62% a year ago.
Apple agreed to pay $95 million to settle a lawsuit claiming Siri violated user privacy by recording private conversations.
Biden has blocked Nippon Steel's $14.9 billion bid to buy U.S. Steel, ending the merger plan.
Tesla's Q4 2024 deliveries marked the first annual decline in deliveries in over a decade.
Rolex raised prices by up to 8% in January 2024 due to a 27% surge in gold prices. A yellow gold Day-Date now costs €44,200, and a GMT-Master II is priced at €44,600.
Putin has ordered closer AI collaboration with China amid Western sanctions. Russia plans to join BRICS countries to create an AI network to challenge the West.
A group of banks and business organizations is suing the Federal Reserve over its annual bank stress tests, claiming the process lacks public input and produces unclear capital requirements.
British house prices rose 0.7% in December, ending 2024 up 4.7% from December 2023, the highest growth since late 2022.
Apple is offering discounts on iPhones in China from Jan. 4-7 to defend its market share against rivals like Huawei.
Singapore's economy grew 4.0% in 2024, up from 1.1% in 2023. GDP rose 4.3% in Q4, exceeding forecasts, with a 0.1% quarter-on-quarter growth.
The Madoff Victim Fund is making its final payments, totaling $131.4 million, bringing the total to $4.3 billion. Bernard Madoff died in prison in 2021.
Nippon Steel has proposed giving the U.S. veto power over U.S. Steel production cuts to gain approval for its acquisition, with Biden's decision due by Jan. 7.
Alibaba is cutting prices on its Qwen-VL visual language model by up to 85%, the company announced Tuesday.
Venezuelan President Nicolas Maduro announced a 9% economic growth in 2024, following 5.5% in 2023, driven by the real economy and hydrocarbons sector.
Lamborghini delayed its first fully electric car launch to 2029, citing the luxury sports car market's lack of readiness for full electrification.
Contracts to buy U.S. previously owned homes rose 2.2% in November, marking a fourth consecutive month of gains as buyers took advantage of improved inventory despite high mortgage rates.
Ukraine will quadruple domestic gas transmission tariffs from January 1 to offset lost revenue after its gas transit deal with Russia expires.
OpenAI announced it will transition to a for-profit model in 2025, creating a public benefit corporation to attract more investment and operate like a high-growth startup.
Gazprom announced it will halt gas supplies to Moldova starting January 1, citing unpaid debt, while Moldova accuses Moscow of weaponizing energy supplies.
Spain's retail sales grew 1% in November, slowing from 3.4% in October, due to a drop in spending on both food and non-food items.
Japan's factory activity contracted slower in December, with the PMI rising to 49.6, but remained below 50, signaling ongoing decline.
Global equity funds experienced a record inflow of $34.38 billion during the week ending Dec. 25, fueled by a favorable U.S. inflation report and the prevention of a government shutdown.
Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, releasing a refined oil products and cooling water.
Denmark plans to boost Greenland's defense after US President-elect Donald Trump renewed his controversial call to buy the Arctic nation, which has 56,000 residents.