Business news
- Shares of KFC and Pizza Hut Indian operator Devyani jump on merger with rival franchisee Sapphire - Two major franchisee operators for Yum!Brands in India will merge to create a single unified franchisee for KFC & Pizza Hut in the country
- Baidu’s semiconductor unit Kunlunxin files for Hong Kong listing amid AI chip boom in China - Baidu has announced plans to spin off its artificial intelligence chip subsidiary, Kunlunxin, and list the new firm on the Hong Kong Stock Exchange.
- Singapore fourth-quarter GDP jumps 5.7%, beats expectations on strong manufacturing - The advance figure was also up from the 4.2% growth in the quarter before, and pushed the country's full year GDP to 4.8%
- Asia-Pacific markets set to start 2026 on a mixed note - Some Asian markets are still closed for the holidays, including Japan and mainland China.
- Bernie Sanders and Ron DeSantis speak out against data center boom. It's a bad sign for AI industry - Sen. Bernie Sanders has called for a data center moratoriu, while Gov. Ron DeSantis has pushed back on the AI industry in Florida.
- A 5 million percent return in 60 years leaves Warren Buffett’s legacy unmatched - Warren Buffett has handed over the reins after a six-decade run that turned an unremarkable textile mill into one of the most powerful compounding engines in history.
- Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape - Big Tech is remaking the U.S. map into an AI empire — kingdom-scale data centers, unprecedented debt, power constraints, and a near-religious belief in scaling.
- Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens - Shares of Alphabet rallied in 2025 as the company responded to skepticism of its position in artificial intelligence with new products that excited investors.
- Trump’s first vetoes of his second term hit bipartisan infrastructure projects, draw accusations of retribution - Trump promised retribution after Colorado refused to release Tina Peters, who was convicted by a state court last year.
- Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026 - Markets and Fed officials themselves see only modest easing in the year ahead.