Page 10 - Bloomberg

US govt agencies shut down as Trump-backed funding deal awaits House vote

The funding lapse is likely to be short, with the House returning from a week-long break on Monday and the Republican president fully supporting the spending package

New DOJ files show Lutnick planned Epstein island visit, stayed in touch

In a December 2012 email, Lutnick asked Epstein if it would be possible for his family and another to visit his island during a trip to the Caribbean

Bezos' Blue Origin to halt space tourism flights to focus on moon mission

Blue Origin holds a $3.4 billion contract with Nasa to develop its Blue Moon lander, designed to shuttle astronauts to and from the moon, with a landing originally targeted for 2029

Nvidia halts plan to invest $100 billion in OpenAI after talks collapse

The discussions stalled after some inside Nvidia expressed concerns about the transaction, the Wall Street Journal said, citing unidentified people familiar with the deliberations

Donald Trump nominates BLS economist Brett Matsumoto to head agency

Matsumoto, who has a PhD in economics, arrived at BLS in 2015 and works within the Division of Price and Index Number Research

Apple loses several AI researchers, top Siri executive amid talent exodus

Apple's AI challenges have contributed to a stock slump this year - even as the company's sales reach new heights

Gold, silver plunge as wild swings, record losses rattle metals markets

Even after Friday's pullback, gold still registered a monthly gain of 13 per cent while silver was up 19 per cent for the month

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

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