Business news
- Gold, silver prices fall after CME raises precious metals margins — again - The moves come at the end of a blockbuster year of annual gains for the precious metals.
- How $160 million worth of export-controlled Nvidia chips were allegedly smuggled into China - The scheme involved falsifying shipping documents to misclassify the GPUs and hide their true destinations, including China and other prohibited locations.
- Nike shares move higher on big insider purchases by CEO Elliott Hill, director Tim Cook after down year - The retailer's insiders picked up shares near the end of a rough year.
- Retail investors close out one of their best years ever. How they beat Wall Street at their own game - Mom-and-pop investors bought the dip at key points, giving them outsized benefits from the market's run this year.
- 'Big Short' investor Michael Burry says he's not shorting Tesla - In a social media post on X, the Scion Asset Management founder responded to a user asking if he would bet against Tesla by saying: "I am not short."
- Champagne sales surge at New Year — but labor abuses and tariffs have clouded the industry - Reports of human trafficking and the mistreatment of workers, and even several deaths during the 2023 harvest, provoked scandal around the Champagne industry.
- 10-year Treasury yield dips as investors await final economic data of 2025 - The U.S. 10-year Treasury was slightly lower on Wednesday as investors take stock ahead of the new year.
- China accuses Netherlands of making 'mistakes' over chipmaker Nexperia - Beijing and Amsterdam are locked in a war of words over technology transfer.
- China to restrict silver exports, echoing rare earths playbook - The U.S. added silver to its nationally designated list of critical minerals in November.
- China manufacturing activity expands for the first time since March, beating expectations - China’s economy ended the year on a slightly less gloomy note as manufacturing, services and construction activity all improved in December.