BP plans to cut thousands of jobs as part of a major cost-saving effort.
A group of investors, advised by LeBron James' partner Maverick Carter, aims to raise $5 billion to create a global basketball league to compete with the NBA.
SSAB AB withdrew from talks with Washington to build a green steel plant in the U.S. after receiving $500 million in funding.
Mastercard will pay $26 million to settle claims of underpaying female, Black, and Hispanic employees.
Apple lost its top spot in China's smartphone market in 2024, with shipments falling 17%, including a 25% drop in Q4.
Canada has created a list of US-made goods worth $105 billion to target with tariffs if President-elect Trump imposes tariffs on Canadian products.
Nomura-backed Komainu raised $75 million in bitcoin from Blockstream Capital to scale its business and integrate Blockstream's technologies for faster settlement and tokenization.
The U.S. 30-year mortgage rate hit 7.09%, its highest in eight months, continuing a five-week rise amid rising home prices and limited supply.
GM signed a multi-billion dollar deal with Vianode to supply synthetic graphite for its EV batteries.
Intesa Sanpaolo, Italy's largest bank, bought 1 million euros of bitcoin in its first trade, calling it "a test."
U.S. consumer prices rose 0.4% in December, with a 2.9% annual increase, mainly due to higher energy costs. This suggests continued inflation and fewer interest rate cuts this year.
Indonesia unexpectedly cut its key interest rate to 5.75% to boost economic growth, despite the rupiah falling below 16,000 to the dollar.
Intel will spin off its Intel Capital venture arm into a separate company in 2025 to improve efficiency, with Intel staying as an investor.
The Biden administration banned 37 Chinese companies over forced labor claims in Xinjiang.
Ingka Group, IKEA's investment arm, will invest 1 billion euros in recycling to reduce waste from discarded furniture. This follows new EU rules to fund textile recycling.
Reinet is selling its 2% stake in BAT for £1.22 billion, causing a 2.9% drop in shares. The sale won't affect BAT's £900 million buyback plan.
Robinhood will pay $45 million for failing to investigate suspicious transactions, protect data, and maintain records.
Pfizer CEO Albert Bourla said the company is focused on developing its obesity drug, danuglipron, with plans for a late-stage study in the second half of the year.
The EU is raising €90 billion by selling bonds on Tuesday, targeting €10 billion. The three-year bonds will price 19bps over swaps, and the 30-year bonds 130bps.
Chinese officials are considering allowing Elon Musk to buy TikTok's US operations if the app faces a ban.
UniCredit is bringing back outsourced back-office operations in Germany, creating over 140 new jobs.
Tether plans to move its headquarters to El Salvador after obtaining a digital asset license, with CEO and founders relocating from the British Virgin Islands.
Moderna cut its 2025 sales forecast by $1 billion due to slow RSV shot adoption and weak COVID-19 vaccine demand, causing shares to drop over 20%.
Ryanair is urging UK airports to enforce a two-drink limit for passengers. The airline believes this would improve safety for both travelers and crews, following several alcohol-related incidents.