The Senate on Wednesday approved Jared Isaacman for the top job at NASA — an unprecedented comeback after President Donald Trump yanked his nomination this spring. Senators confirmed the billionaire private astronaut in a 67-30 vote. Trump renominated Isaacman for NASA administrator in November, after pulling his original nomination in May. He cited Isaacman’s relationship […]
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Global investors may be witnessing a historic turning point in how the world views US financial assets, according to Ron Temple, chief market strategist at Lazard. In a recent CNBC interview, Temple argued that 2025 marks “the beginning of the end of American exceptionalism in markets,” as foreign investors reassess the overall safety, stability, and […]
US nonfarm payrolls rose by 64,000 in November, beating forecasts but revealing deeper cracks in the labor market that sent Bitcoin briefly slipping below the mid-$86,000 area. While the headline jobs number was better than the worst-case fears, the uptick in the unemployment rate to 4.6% triggered a conflicting wave of risk appetite. The soft […]
Warner Bros Discovery Inc. is preparing to recommend that shareholders reject Paramount Global’s $108 billion hostile takeover offer, with the board debating terms that question the strength of financial backing from Larry Ellison, according to a Financial Times report. The Hollywood group, led by Chief Executive David Zaslav, could announce its position as soon as […]
OpenAI is in early-stage discussions to raise at least $10 billion from Amazon.com Inc., a move that could significantly deepen ties between the ChatGPT maker and the world’s largest cloud-computing provider, reported Information. The talks also include the possibility of OpenAI adopting Amazon’s in-house Trainium chips, according to the report citing a person with knowledge […]
Global markets opened on Wednesday with investors digesting a mix of technology dealmaking, uneven economic signals, and sharp moves in commodities. Early-stage talks between OpenAI and Amazon pointed to intensifying competition in artificial intelligence, while Asian equities edged higher amid strong IPO activity in China. In the United States, attention shifted to the Federal Reserve […]
The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of a peace deal between Russia and Ukraine. On one hand, the prospect of a potential peace agreement in the Russia and Ukraine war could see sanctions on Russian oil disappear quickly. This would then be available […]
Medical-supplies distributor Medline has raised $6.26 billion in an initial public offering, claiming the title of the largest IPO of the year and securing a valuation of more than $50 billion. The US-based company, backed by private equity groups Blackstone, Carlyle and Hellman & Friedman, said on Tuesday it sold 216 million shares at $29 […]
For most of the past two decades, China’s economy could solve slow growth by pulling one of three levers. It could push investment, lift property, or sell more to the rest of the world. Today, one lever is broken, another is politically constrained, and the third is provoking resistance abroad. Though the economy is still […]
Lithium prices in China experienced a sharp increase on Wednesday following a significant regulatory action by the natural resource authority overseeing the country’s primary lithium-producing region. The authority announced its decision to revoke 27 existing mining licences, according to a Reuters report. This unexpected crackdown on a substantial number of operations immediately tightened the supply […]