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Fri, Jan 09, 2026 05:23 AM All times are UTC

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GM Takes $6 Billion EV Write-Down as Electric Vehicle Demand Slows in the U.S.

Jan 09, 2026 05:20 am UTC| Business

General Motors announced it will take a $6 billion charge related to scaling back its electric vehicle investments, highlighting the growing challenges facing the U.S. EV market. The charge, disclosed in a regulatory...

Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer

Jan 09, 2026 05:18 am UTC| Technology Business

Nvidia (NASDAQ: NVDA) has taken a significant step in strengthening its leadership team by appointing a senior Google (NASDAQ: GOOGL) executive as its first-ever Chief Marketing Officer, signaling a strategic move as the...

Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S.

Jan 09, 2026 05:14 am UTC| Business Politics

Johnson Johnson (NYSE: JNJ) announced on Thursday that it has reached a significant agreement with the Donald Trump administration to reduce drug prices for American consumers in exchange for an exemption from U.S. trade...

Rio Tinto–Glencore Merger Talks Spark Investor Debate Over Value, Strategy and Coal Exposure

Jan 09, 2026 05:06 am UTC| Business

Rio Tinto has confirmed it is in early-stage discussions with Glencore about a potential acquisition that could create the worlds largest mining company, with a combined market valuation approaching $207 billion. The news...

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

Jan 08, 2026 12:33 pm UTC| Business Technology Governance

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...

Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks

Jan 08, 2026 04:35 am UTC| Business Politics

U.S. oil major Chevron is reportedly in discussions with the U.S. government to expand a crucial license that would allow it to increase crude oil exports from Venezuela, according to sources close to the negotiations. The...

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Jan 08, 2026 04:28 am UTC| Business Technology

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

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Economy

China CPI Inflation Hits Near Three-Year High as Consumer Spending Shows Signs of Recovery

Chinas consumer price index (CPI) inflation rose to a near three-year high in December, signaling a gradual recovery in private consumption as Beijing continues to roll out stimulus measures to support the economy. Data...

Asian Stock Markets Edge Higher as Investors Await U.S. Jobs Data, Nikkei Outperforms

Asian stock markets traded mostly higher on Friday, taking cues from a mixed close on Wall Street overnight as investors remained cautious ahead of the closely watched U.S. nonfarm payrolls report. The upcoming U.S. jobs...

Oil Prices Climb in Asian Trading as Geopolitical Risks Fuel Supply Concerns

Oil prices edged higher in Asian trading on Friday, extending a strong rebound from the previous session as investors weighed mounting geopolitical risks and potential supply disruptions involving major oil producers....

Asian Currencies Trade Narrowly as Dollar Firms Ahead of Key U.S. Jobs Data

Most Asian currencies traded within a tight range on Friday as the U.S. dollar strengthened ahead of the closely watched U.S. nonfarm payrolls report, a key data point expected to shape expectations around U.S. interest...

U.S. Stock Futures Slip as Investors Await Key Jobs Data; Premarket Movers in Focus

U.S. stock futures edged lower on Thursday as investors remained cautious ahead of the release of crucial U.S. unemployment data. Market participants are closely watching the labor market figures for signals on the Federal...

Politics

Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S.

Trump Administration Launches New DOJ Division to Fight Nationwide Fraud

The administration of U.S. President Donald Trump announced the creation of a new division within the U.S. Department of Justice aimed at combating what the White House described as widespread and systemic fraud across the...

Senate Vote Looms on Blocking Trump’s Military Action in Venezuela

The U.S. Senate is preparing for a closely watched vote on a war powers resolution that would prevent President Donald Trump from taking further military action against Venezuela without explicit congressional...

Greenland Weighs Direct U.S. Talks as Trump Renews Push for Control

Greenlands political debate over independence and its relationship with the United States has intensified after a senior opposition leader called for direct talks with Washington, bypassing Denmark, amid renewed pressure...

Trump Proposes $1.5 Trillion U.S. Military Budget for 2027, Fueling Defense Stock Rally and Fiscal Concerns

President Donald Trump said Wednesday that he wants the 2027 U.S. military budget to reach $1.5 trillion, a dramatic increase from the $901 billion defense budget approved by Congress for 2026. The proposal immediately...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...

Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations

Ford Motor Company has announced plans to bring Level 3 driver-assistance technology to market by 2028, marking a significant step toward hands-free and eyes-off driving on select highways. The advanced system will allow...