Business
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12), as the Google parent’s sharpened artificial intelligence (AI)…
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Business
Business
Meta unveils ‘Meta Compute’ initiative to build AI infrastructure
Big Tech companies are looking to secure long-term electricity supplies as AI and data centres increase US power demand Meta has announced…
Business
The Market Met Jerome Powell’s Warning With Deep Denial
Not all the markets were impervious to Powell’s harassment by DOJ goons. The dollar, which is down 8.3 percent over the past year—that is,…
Business
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
Business
Retailers Hit Holiday Expectations With a 4.1 Percent Sales Gain
Holiday 2025 sales rose 4.1 percent despite weaker consumer sentiment, producing a season that was ultimately in line with industry…
Business
Fitch Ratings says Fed independence is key factor for US sovereign rating
Fitch Ratings said on Monday it views the Federal Reserve’s independence as a key supporting factor for its AA+ US sovereign rating. The…
Business
Paramount escalates hostile takeover bid of Warner Bros. with new board slate
Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own…
Business
Abercrombie & Fitch Shares Take a Hit Despite Positive Outlook
Fran Horowitz, the chief executive officer of Abercrombie & Fitch Co., received a warm reception from the crowd at the NRF Big Show on…
Business
2026 Masters: Mark Allen too good for Mark Williams in last-16 tie
Zhao, who battled through four qualifying matches and then five more at the Crucible to become the first Asian player to win the world…
Business
These 2 budget airlines just announced a major merger—Amazon’s involved, too
Shares of the budget airline Sun Country were flying today after the carrier announced an upcoming merger with Las Vegas-based competitor…
Business
Aldi is opening 180+ new stores — here’s what’s driving the sudden surge
Americans stressed by high grocery bills have one bright spot to look forward to in 2026. Value-minded grocery chain Aldi is coming to…
Business
Meta taps Dina Powell McCormick as president and vice chairman
Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president…
Business
Vandale Acquires Skin Worldwide, the Luxury Lifestyle Brand
Vandale, a New York-based global leader in intimate apparel and activewear, has acquired Skin Worldwide, the luxury intimate apparel…
Business
What Emotionally Mature Founders Do When Everything Feels Uncertain
There is a specific kind of uncertainty that only founders experience. Not the hypothetical kind, but the lived version where the runway…
Business
Michael Carrick: Is he the right fit for Manchester United?
He didn't change as a manager. Always polite and friendly but not generating headlines for the sake of it. His exuberant celebration after…
Business
US Consumers Will Soon Be Able to Shop From JD Sports Directly on ChatGPT, Copilot + Other AI Platforms
JD Sports is set to launch a new way of shopping its assortment directly through AI platforms. On Monday, the British sportswear retailer…
Business
Former Fed chairs condemn criminal investigation into Jerome Powell
Danielle KayeBusiness reporter Three former heads of the US central bank have decried federal prosecutors' criminal investigation into…
Business
As U.S-Canada relations strain, P.M. Mark Carney looks to rebuild ties with China
A leader of the Canadian government is visiting China this week for the first time in nearly a decade, a bid to rebuild his country’s…
Business
CES showed me why Chinese tech companies feel so optimistic
CES, the Consumer Electronics Show, is the world’s biggest tech show, where companies launch new gadgets and announce new developments,…
Business
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s…
Business
Unifrance President Gilles Pélisson on Securing the French Org’s Financial Base, Growing French Cinema’s Theatrical Play and Nurturing Rising Talent
A former heavyweight of French broadcasting, Gilles Pélisson arrived at Unifrance at a moment of transition for France’s film and TV…
Business
Jane Lauder’s TAW Ventures Partners With Leap Venture Studio
Just two months after announcing her next act, TAW Ventures, Jane Lauder is getting to work. The former chief data officer and executive…
Business
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer Goldman Sachs, Group JPMorgan Chase and UBS Group are…
Business
Wall Street falls at open on worries over Fed autonomy
Wall Street’s main indexes opened lower on Monday (Jan 12) after the Trump administration renewed its attacks on the Federal Reserve,…