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Meta to pay $25 mn to settle Trump's 2021 lawsuit over account suspension

Trump filed lawsuits against Twitter, now known as X, Facebook Inc and Alphabet Inc's Google, as well as their chief executives in July 2021, alleging they unlawfully silence conservative viewpoints

Meta sends mixed signals as Q4 sales beat estimates but outlook muted

Meta shares were flat after the market closed but rose as CEO Mark Zuckerberg spoke optimistically about Meta's AI initiatives and the company's conviction that open source AI is the right strategy

SoftBank may invest up to $25 billion in OpenAI, eyeing top backer role

Stargate is a joint venture by Oracle, OpenAI and SoftBank, that plans to invest up to $500 billion to help the United States stay ahead of China and other rivals in the global AI race

Trump officials likely plan to tighten curbs on Nvidia's China sales

Conversations to restrict shipments of those chips to China are in very early stages among Trump officials and the idea has been under consideration

Canada, Mexico can avoid tariffs if they act swiftly: Trump's commerce pick

Lutnick said Trump's Saturday deadline for imposing 25 per cent tariffs on goods from Canada and Mexico was meant to pressure the two countries to stop the flow of fentanyl into the US

Ex-oil market chief criticises IEA, seeks cut in energy transition focus

IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy

Fed guided by economic goals and law, not politics: Jerome Powell

Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts

Asian stocks mixed, dollar steady as traders consider Fed rate pause

Trump's policies remain a risk for the Fed's policy outlook, and Saturday is likely to see new tariffs slapped on Canada, Mexico and possibly China as well

ECB to cut rates, stay receptive to further easing amid growth concerns

With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back

Honda Motors to boost investment in three Ohio auto plants by $300 mn

Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now lifting that to $1 billion, said Jennifer Thomas, a senior vice president at Honda's US unit

Whirlpool planning to reduce stake in India unit to about 20% in 2025

Last year, Whirlpool Corp sold a 24 per cent stake in the Indian unit for about $468 million in a bid to reduce debt

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns world

DeepSeek's quick progress has stirred doubts about the lead America has in AI with models that it claims can match or even outperform Western rivals

US Fed leaves policy rate unchanged, says unemployment rate is low

Fed officials say they largely believe the progress in lowering inflation will resume this year, but have now put rates on hold as they await data to confirm it

As co faces legal challenges, OpenAI chief likely to visit India on Feb 5

OpenAI has said it only uses publicly available data in a manner protected by fair use principles, and has said Indian courts have no jurisdiction to hear the matter

JK Paper Q3 results: Net profit falls 73% to Rs 65.39 cr on soaring costs

The paper and packaging board maker's consolidated net profit tumbled 73 per cent year-on-year to Rs 65.39 crore ($7.6 million) for the quarter ended Dec 31

Fed to hold rates steady as it awaits more data, clarity on Trump's move

Investors and many economists still expect the Fed to reduce interest rates later this year, but the watchword for policymakers for now may be caution until they are more certain inflation will fall

Goa nightclub Tito's considers at least 10% equity sale before floating IPO

Earlier in the day, local media reported that Tito's was eyeing a valuation of 10 billion rupees through an initial public offering for small and medium enterprises (SME)

Bajaj Finance Q3 results: PAT rise 18% to Rs 4,308 cr on strong loan growth

Bajaj Finance booked 12.06 million new loans during the quarter, a 22% increase from last year, while net interest income grew 23% to Rs 9,382 crore

Jindal Stainless Q3 results: Net profit falls 5.3% to Rs 654 crore

Domestic sales grew 20 per cent in the quarter, driven by higher sales to the automobile industry, while exports fell 22 per cent

Tata Motors Q3 results: Net profit falls 22% to Rs 5,451 cr on discounts

The company's profit fell to Rs 5,451 cr ($630 million) in the quarter from Rs 7,025 crore a year before