Finance
AI Summary
- Geopolitical tensions, particularly between the US and Iran, alongside evolving trade disputes involving the US, China, and Canada, are significantly impacting global economic stability and influencing major trade policy shifts.
- The artificial intelligence and broader tech sector continues to attract substantial investment, driving strategic pivots towards AI and robotics, and boosting profits for memory chip manufacturers, even as some enterprise software firms see decelerating cloud growth.
- Central banks are maintaining a cautious stance on monetary policy, with the Federal Reserve holding interest rates steady, which is influencing borrowing costs across various financial products while other nations navigate economic uncertainties tied to international trade agreements.
- Corporate financial performance is showing a mixed picture, with major banks reporting record profits and large investment funds seeing significant gains from tech and banking rallies, though other sectors are experiencing layoffs and intense competitive pressures.
- The global economic landscape presents a varied outlook, with India projecting strong growth, while China grapples with deflationary pressures and has lowered its growth targets, and increasing government debt remains a widespread concern for the world economy.
Sources
Wall Street Journal
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Middle East Scrambles to Find U.S., Iran a Diplomatic Off-Ramp
2 hours ago
by Summer Said
Efforts to get negotiations started are yet to bear fruit, while President Trump has renewed threats of an attack.
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U.K.’s Starmer Joins Ranks of U.S. Allies Testing China’s Embrace
3 hours ago
by Austin Ramzy
In a visit to Beijing, the British leader is seeking to rekindle ties with Xi Jinping, with a business delegation in tow.
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How Trump’s Push for Peace in Ukraine Will Unfold: Three Scenarios
11 hours ago
by Marcus Walker
More war is most likely, but mounting strains this year could weaken Kyiv’s or Moscow’s hand.
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A Battered Iran Is Still Able to Mount a Deadly Response to U.S. Strikes
11 hours ago
by Laurence Norman
Tehran has an arsenal of thousands of missiles and refined its tactics for using them during the June war with Israel.
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A Secret FBI Bust Nabbed an Alleged Drug Lord—and Rocked Relations With Mexico
13 hours ago
by Alexander Ward
Mexican President Claudia Sheinbaum and FBI Director Kash Patel have told differing accounts about the role of U.S. agents in the arrest of former Olympian Ryan Wedding.
Financial Times
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Tesla scraps models in pivot to AI as annual revenue falls for first time
an hour ago
by FT Client Support
Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI
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Tesla lurches into the Musk robotics era
4 hours ago
by FT Client Support
Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots
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‘I wouldn’t dare take these drugs’: how China supplies untested peptides to the west
10 hours ago
by FT Client Support
The success of weight-loss drugs has driven demand for injectable compounds that claim to improve everything from sleep to skin
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How elite college finance clubs pave the way to Wall Street
an hour ago
by FT Client Support
Early recruiting for careers in banking is forcing candidates to make big choices young
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Trump’s armada: the US military force assembled against Iran
10 hours ago
by FT Client Support
Build-up of American military power comes as US president weighs strikes
CNBC
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‘Climate of fear’: ICE violence in Minnesota forces CEOs to weigh the risks of speaking out against Trump
an hour ago
Minneapolis has become the testing ground for when and how far corporate leaders will wade into escalating political tensions.
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Trade balance soared 94% in November and was higher than a year ago, despite tariff efforts
6 minutes ago
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
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Oil prices rise more than 2% as Trump weighs strikes on Iran
34 minutes ago
Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security forces and leaders to inspire protesters.
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Government shutdown: Republicans consider escape hatch as Congress careens toward deadline
3 hours ago
Much of the U.S. government is poised to shut down early Saturday morning unless Congress approves spending measures.
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GM is epitomizing the U.S. auto industry's profit, politics balancing act under Trump
an hour ago
GM's ability to walk such a tightrope has been easier to do when it can fall, if needed, onto $21.7 billion in cash to end 2025.