U.S. consumer prices rose sharply in January, driven by higher housing and food costs, reinforcing the Fed's cautious stance on rate cuts amid economic uncertainty.
Hedge fund billionaire Ken Griffin criticized Trump's aggressive tariff rhetoric, calling it a "huge mistake" that creates chaos and hinders economic growth.
HSBC faced a major outage Tuesday, affecting mobile and online banking in the UK. Customers reported issues, with no planned maintenance announced.
Fed Chair Jerome Powell warned that climate change could make it hard to get mortgages in high-risk areas, as insurers pull out due to rising disaster losses.
SoftBank reported a ¥369.2B loss in Q3, hurt by the Vision Fund's drop in public holdings. Masayoshi Son aims to raise $500B for AI project Stargate.
Shopify shares dropped 8% after disappointing Q1 free cash flow forecast, despite strong Q4 sales growth, with revenue up 31% to $2.8B.
McDonald's Q4 revenue fell to $6.39B, missing expectations. US same-store sales dropped 1.4%, affected by an E. coli outbreak, while global sales rose 0.4%.
Custos Energy completed a farm-in agreement with Chevron, granting Chevron 80% stake and operatorship of offshore PEL 82 in Namibia's Walvis Basin.
TD Bank will sell its 10.1% stake in Charles Schwab for $14.6B, using $8B for buybacks and reinvesting the rest in its Canadian business.
Apple is partnering with Alibaba to develop AI features for iPhone users in China, according to a report by The Information.
Kering's Q4 sales dropped 12%, mainly due to a 24% fall in Gucci sales. Despite efforts to revive the brand, global luxury demand remains weak.
Trump signed an executive order imposing 25% tariffs on steel and aluminum from all countries, effective March 4, with possible exceptions for Australia.
Novartis will acquire Anthos Therapeutics for up to $3.1B, including $925M upfront, to develop stroke and blood clot treatment abelacimab.
The Bank of England cut rates by 0.25%, citing inflation and global uncertainty. It halved 2025 growth forecasts, while expecting inflation to temporarily exceed 2%.
Maersk shares surged over 10% after reporting Q4 earnings of $3.6B, beating estimates. CEO Vincent Clerc stated a strong global trade and price growth across all segments.
Argentina announced it will leave the WHO, citing mismanagement of COVID-19, following Trump's U.S. decision. President Milei criticized lockdowns as a "crime against humanity."
Carlsberg's Q4 sales slightly missed forecasts at $2.18B. Full-year sales rose 1.9%. For 2025, it expects 1-5% profit growth, impacted by losing its San Miguel brand in the UK.
The Australian Treasury proposes reforms to regulate digital payments, including mobile wallets, giving the RBA power to oversee all players, including Apple and Google.
Brazil's coffee industry warns of "fake coffee" products in stores, made with waste or artificial flavoring, as companies try to attract budget-conscious consumers.
Santander Brasil Q4 net profit surged 75% to 3.85B reais ($668.6M), surpassing expectations due to improved spreads and higher fees.
Workday to cut 1,750 jobs (8.5% of workforce) amid competition and uncertainty, expecting $230M-$270M in charges. Stock rose 3% in premarket.
India plans a credit facility for municipal corporations to produce energy from waste, offering tools like credit enhancement, direct rupee loans, and bond sales.
Entities behind Trump's crypto coin earned nearly $100 million in trading fees in under two weeks, while tens of thousands of small traders lost money.
AT&T and Nokia signed a multi-year deal to upgrade AT&T's voice and 5G network in the U.S., a year after Nokia lost a major contract to Ericsson.