Bloomberg

Elon Musk's Spacex weighs merger with Tesla or xAI ahead of IPO plans

Elon Musk's SpaceX is exploring a potential merger with Tesla or AI firm xAI, a move that could reshape its IPO plans and consolidate Musk's business empire

Apple rebounds in China with biggest quarterly sales in four years

Apple's iPhone 17 fuels a $25.5bn quarter in greater China, marking a sharp rebound and record holiday sales for the tech giant

Govt's plan to allow bond lending remains stalled over tax uncertainties

No trades have been executed on a portal set up in July 2024 by the nation's sovereign debt clearing house, as market players await clarity

Groww, Edelweiss among bidders for Prudential's India asset management arm

PGIM Inc. is looking to sell its loss-making India asset management unit after seeing little meaningful expansion since it acquired the business from Deutsche Bank AG a decade ago

India-EU trade deal strengthens PM Modi's 'Make in India' ambitions

The EU deal could also revive appetite from foreign businesses looking to diversify their operations out of China, seeing India as a possible alternative to set up factories for export into Europe

Adani pivots to local debt, aims to raise $10 billion over three years

A move last week by the US SEC to advance its stalled fraud case against Adani brought another reminder of the uncertainties burnishing the appeal of local funding

Bitcoin falls to two-month low as investors pull billions from spot ETFs

Bitcoin fell as much as 3.9 per cent to $81,102 Friday in Singapore, its weakest since Nov 21, extending a rout that gathered pace overnight

Trump admin likely to back Kevin Warsh for next Federal Reserve chair

Trump has openly sought to shape Fed's rate policy through his appointments in an effort to find someone broadly acceptable to markets who'll also share his inclination to cut rates further and faster

US investigates claims Meta could access private WhatsApp messages

Meta has previously been accused of running afoul of rules meant to protect user privacy, including several data and privacy mishaps that ultimately led to a record $5 bn fine by the US FTC in 2019

US seeks to quell fears that Trump's 'Board of Peace' will replace UN

The Board of Peace is a core element of Trump's 20-point plan that helped broker a ceasefire between Israel and Hamas last year

Amazon in early talks to invest upto $50 billion in OpenAI, expand ties

If the negotiations come to fruition, Amazon would contribute as much as half of a fresh funding round that could total up to $100 billion

Adani hires prominent Wall Street lawyer as SEC case set to advance

The SEC's lawsuit alleges that Gautam and his nephew Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

US eases sanctions, issues license for oil firms to operate in Venezuela

The license covers variety of activities that could expedite the movement of Venezuelan oil, including exporting, selling, storing, refining that oil, as long as the work is performed by a US entity

Wall Street bonanza won't prevent NYC's looming financial crisis: Mamdani

Financial industry is key contributor to New York's tax base, accounting for about 7% of the city's tax revenue during the 2024 fiscal year, that's why it's profits are closely watched by officials

Trump admin plans to dial back ICE agents in Minnesota after protests

Tom Homan, Trump's 'border czar,' said that officials from Customs and Border Protection and ICE are working on a 'draw down plan' that hinges on cooperation from local, state and federal officials

Microsoft signs $750 million Azure cloud deal with AI firm Perplexity

For Microsoft, the Perplexity deal boosts its efforts to position Azure as the place to build AI applications and deploy models from a variety of vendors

Zuckerberg, Musk step up AI arms race with $155 billion spending blitz

Big Tech is unleashing a massive AI spending spree, with Meta and Tesla doubling down on capital expenditure even as chip shortages and bubble fears grow

Microsoft falls after Azure growth misses momentum amid AI splurge

Microsoft shares slumped after record AI-driven capital spending and a slowdown in Azure growth reignited investor concerns over returns on massive cloud investments

Air India to order 30 Boeing 737 Max jets as travel demand surges

Of those, 220 were from Boeing, including 190 Max jets largely deployed by Air India Express, the carrier's low-cost subsidiary for domestic and short-haul international routes

US, Denmark begin discussions over Greenland deal to assuage Trump

The negotiations follow Trump's announcement last week of a "framework of a future deal," in which he pledged to refrain from imposing tariffs on European nations