Markets
- Fed's main gauge shows inflation at 2.8% in November, edging further away from target - Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.
- Trump's latest tariffs U-turn is sparking a global market rally — and reviving talk of the 'TACO trade' - "Donald Trump’s TACO bell has rung once again, much to the joy of financial markets," one investor said on Thursday.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- European markets set to rocket on Trump's Greenland 'deal,' tariffs retreat - European stocks are expected to open higher after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.
- Fossil fuels are a 'crutch': How AI's unlikely winner could be renewable energy - The IEA revised its 2025-2030 growth forecast for renewables downward by 5% compared to 2024, reflecting the changing sentiment and policy.
- Asia-Pacific markets set to rebound after Trump climbs down from Europe tariff threats - Trump also said that he would not use force to acquire Greenland.
- South Korea grows 1.5% in fourth quarter, missing forecasts as domestic demand weakens - South Korea's economic growth slowed in the final quarter of last year amid weakening domestic demand as the impact from fiscal stimulus disspated.
- OpenEvidence, the 'ChatGPT for doctors,' doubles valuation to $12 billion - OpenEvidence, based in Massachusetts, has topped a $12 billion valuation in a funding round led by Thrive and DST.
- Gold breaks new record on Greenland tariff threats, with forecast of $7,000 on the cards - Gold prices climbed to another record of over $4,800 on Wednesday, extending its sharp rally.
- Asia markets fall after Trump’s Greenland rhetoric spark Wall Street rout - Asia-Pacific markets fell, mirroring overnight losses on Wall Street after President Donald Trump escalated rhetoric over Greenland.