News

Stocks Rise as Trump Meets With Xi, BOJ Holds Rate: Markets Wrap

US equity-index futures rose along with Asian shares as Presidents Donald Trump and Xi Jinping started their summit meeting aimed at easing the trade tensions between the world’s two largest economies.

Powell’s December Warning Exposes Hardening Divisions at Fed

Federal Reserve Chair Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest-rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation.

Meta’s Higher Spending in Pursuit of AI Payoff Shakes Investors

Mark Zuckerberg pledged that Meta Platforms Inc. will spend even more aggressively on artificial intelligence in the year ahead, raising fresh concerns from investors who drove the stock down on worries the company may not have an obvious return on the massive investment.

Gold Rises as Fed Divisions Raise Questions Over Rate Outlook

Gold staged a partial recovery following a run of losses as traders weighed conflicting views from Federal Reserve policymakers about the chance of more rate cuts.

AirAsia Plans Up to $600 Million Bond to Replace Private Credit

AirAsia Aviation Group plans to raise as much as $600 million, replacing a private credit facility with a lower-interest bearing bond, according to people familiar with the matter.

Travel Software Firm Navan, Holders Raise $923 Million in IPO

Navan Inc., a business travel and expense management software maker, and some of its shareholders raised $923.1 million in a US initial public offering priced in the middle of the marketed range.

Top Refiner Indian Oil Seeks Americas Cargoes After Russia Curbs

Indian Oil Corp. is seeking as much as 24 million barrels of crude from the Americas in the first quarter of next year as it girds itself for a hit to Russian supply after the latest round of US sanctions.

Yen Weakens Against Dollar as Bank of Japan Holds Rates Steady

The yen weakened after the Bank of Japan left its benchmark interest rate unchanged as two policy board members dissented again from the decision.

Copper Slides From Record as Traders Eye Trump-Xi Trade Talks

Copper retreated after hitting a record high in the previous session, leading to weakness across base metals as US President Donald Trump and Chinese President Xi Jinping start pivotal trade talks.

A $40 Billion Fund Sees End to Yearlong Earnings Cuts in India

Axis Mutual Fund says the long streak of downgrades in India’s earnings estimates may finally be coming to an end, after the trend left the South Asian nation trailing its global peers.

Rare Earths Producers Look to US-Led Boom to Blunt China’s Power

Stock Movers: Microsoft, Meta, Alphabet Post Earnings (Podcast)

Source: Bloomberg, 6:29

Trump Memecoin Issuer In Talks to Buy Crowdfunding Business

A Donald Trump-linked memecoin looks poised to get a fresh boost.

New Crypto ETFs Launch in Crowded Field Despite SEC Shutdown

A slew of exchange-traded funds focused on smaller cryptocurrencies are making their Wall Street debut this week, with issuers going ahead with the listings amid the ongoing government shutdown.

Crypto’s Political Machine Amasses $263 Million to Rival Big Oil

Fresh off its success in the 2024 elections, the crypto industry is amping up its spending power ahead of the 2026 midterms.

Saylor’s Strategy Is Tagged Junk by S&P in Initial Rating

S&P Global Ratings assigned Strategy Inc. a junk level credit rating, citing the enterprise software maker turned Bitcoin accumulator’s high concentration in cryptocurrency, narrow business focus, weak risk-adjusted capitalization and low US dollar liquidity as weaknesses.

University of Tokyo‘s Suzuki on US-China, Trade Tensions & Deals

AmCham Korea Chairman on US-Korea Trade Deal

Blackstone's Nides on Private Credit Opportunities

Trump, Xi Kick Off Pivotal Talks at South Korea Summit

Japan Needs Foreign Workers. Its Far Right Is Turning Against Them

Private Equity Giants Size Up a Fresh Market in Japan

The Business Traveler’s Guide to Tokyo

Japan’s ‘Zombie’ Companies Begin to Disappear in Sign of Renewal

Pacifist Japan Starts Investing in Defense Startups

Why It’s Still So Expensive to Build Homes in America

The Hidden Supply Chain Making Every Menu Feel Familiar

Daniel Yergin on What Happened to the Energy Transition

Why The World Started Hedging Its US Dollar Exposure

Why Germany’s Merz Is Calling for a Joint European Stock Exchange

German Chancellor Friedrich Merz has called for the creation of a pan-European stock exchange to serve as a common marketplace for trading equities across the region.

Why London’s Once-Vibrant Stock Market Is in a Rut

The London Stock Exchange has lost its mojo. The more than 300-year-old bourse is shrinking as companies opt to go public elsewhere, shift their existing listings to the US, and accept deals to be taken private.

Why Meme-Stock Mania Keeps Happening

A meme-stock craze took hold on Wall Street once again in mid-October, as shares of Beyond Meat Inc. surged more than 1,300% over a four-day period. The sudden rally echoed frenzies that originated during the Covid pandemic and have periodically set off unusually large jumps in beaten-down stocks championed by social media influencers.

What Are GDP Warrants and Why Are Debt Investors Pushing Back?

An esoteric and often controversial financial instrument used in sovereign debt negotiations has been making headlines this year — for all the wrong reasons.

AirAsia Plans Up to $600 Million Bond to Replace Private Credit

AirAsia Aviation Group plans to raise as much as $600 million, replacing a private credit facility with a lower-interest bearing bond, according to people familiar with the matter.

Travel Software Firm Navan, Holders Raise $923 Million in IPO

Navan Inc., a business travel and expense management software maker, and some of its shareholders raised $923.1 million in a US initial public offering priced in the middle of the marketed range.

Top Refiner Indian Oil Seeks Americas Cargoes After Russia Curbs

Indian Oil Corp. is seeking as much as 24 million barrels of crude from the Americas in the first quarter of next year as it girds itself for a hit to Russian supply after the latest round of US sanctions.

Yen Weakens Against Dollar as Bank of Japan Holds Rates Steady

The yen weakened after the Bank of Japan left its benchmark interest rate unchanged as two policy board members dissented again from the decision.

Copper Slides From Record as Traders Eye Trump-Xi Trade Talks

Copper retreated after hitting a record high in the previous session, leading to weakness across base metals as US President Donald Trump and Chinese President Xi Jinping start pivotal trade talks.

A $40 Billion Fund Sees End to Yearlong Earnings Cuts in India

Axis Mutual Fund says the long streak of downgrades in India’s earnings estimates may finally be coming to an end, after the trend left the South Asian nation trailing its global peers.