Elon Musk's $97.4B bid for OpenAI sparks a legal battle with CEO Sam Altman, with Musk threatening to drop the offer if OpenAI remains a nonprofit.
Japan's wealth gap widens as assets of the wealthy hit a record ¥469 trillion, while the majority's wealth grew only 42% from 2011-2023, driven by stocks.
JPMorgan CEO Jamie Dimon calls for restructuring financial regulators, urging a review of rules and regulations after meeting with lawmakers on bank oversight.
Texas lawmakers refiled a strategic Bitcoin reserve bill (SB 21), now allowing investment in other cryptocurrencies. It's a top priority for Lt. Governor Dan Patrick.
Nestlé reported better-than-expected sales growth, driven by price hikes but warned of a narrower profit margin in 2025 as it focuses on innovation and sales volume.
Honda's Q3 operating profit rose 5%, driven by strong motorcycle sales and a weak yen, but missed estimates. Honda and Nissan ended merger talks but will cooperate on EVs.
Oil prices fell after Trump and Putin agreed to talks on ending the Ukraine war, easing concerns over Russian supply. Brent dropped below $75, WTI near $71.
Commerzbank will cut 3,900 jobs and set new financial targets as part of a strategy revamp to counter UniCredit's push for a merger with the German lender.
UK economy grew 0.1% in Q4 2024, boosted by a 0.4% rise in December, with pubs thriving pre-Christmas. Overall growth for 2024 was 0.9%.
A central bank survey shows 75% still plan to issue a CBDC, but nearly a third have delayed their timeline, following Trump's ban on digital dollar work.
Canada Pension Plan invested $5B in private equity in Q4 2024, making 26 transactions. Net assets hit C$700B, surpassing projections by 5 years.
Egg prices soared 53% in January, driven by bird flu. Orange juice rose 7.7%, and coffee went up 3.1%, adding to overall grocery inflation of 1.9%.
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.