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Sat, Jan 17, 2026 09:49 PM All times are UTC

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Honda, Nissan Merger in the Works as Tesla and BYD Crush China’s EV Market Share

Dec 17, 2024 21:51 pm UTC| Economy

Japanese auto giants Honda and Nissan are exploring a merger to combat rising pressure from Tesla and BYD, who continue to dominate Chinas surging electric vehicle market. The talks mark a bold shift amid global EV...

Bank of America Sees Fed Cutting Rates 25bp in December While Slowing Future Policy Adjustments

Dec 17, 2024 21:35 pm UTC| Economy

The Federal Reserve is likely to reduce interest rates by 25 basis points at its December meeting, according to Bank of America strategists, who predict slower cuts in 2025 amid persistent inflation and resilient economic...

Saudi Arabia Warns ‘No Israel Ties’ Unless Gaza War Ends as Trump Allies Pressure for Deal

Dec 17, 2024 19:58 pm UTC| Politics Economy Business Governance

Saudi Arabia has made it clear that it will not normalize diplomatic relations with Israel unless the war in Gaza comes to an end, according to officials familiar with conversations involving U.S. President-elect Donald...

FxWirePro- Major economic events for the day

Dec 17, 2024 01:29 am UTC| Economy

Date Time Currency Indicators Actual Forecast Previous Dec...

OpenAI’s ChatGPT Search Takes on Google With Full Rollout to All Users Worldwide

Dec 16, 2024 22:09 pm UTC| Economy Technology

OpenAI has launched its ChatGPT Search product to all users, intensifying its battle with Google in the AI-powered search market. The feature, now available across mobile apps and the web, aims to revolutionize how users...

Shein’s Bold London IPO Move: Less Than 10% Float Sought Amid Regulatory Hurdles

Dec 16, 2024 20:34 pm UTC| Economy

Shein is challenging UK financial norms with its planned London IPO, seeking approval to float less than 10% of its shares. Valued at $66 billion, the company faces regulatory delays that could redefine how global markets...

Antitrust Watchdog Targets Walmart: $4.6M Fine and 8% Revenue Risk Over Supplier Practices

Dec 16, 2024 19:54 pm UTC| Economy

Mexicos Cofece has imposed a $4.6 million fine on Walmart de Mexico for using its market power to unfairly pressure suppliers. The antitrust body warned of further penalties, including 8% of revenue, if the company fails...

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Economy

Silver Prices Surge as Retail Investors Drive Unusually Strong Rally

Silver has delivered a powerful and unexpected rally in recent months, outperforming most other commodities and precious metals. Prices have climbed at a pace that historically took years to achieve, with silver futures...

Venezuela Prepares to Resume Dollar Sales to Support Bolivar After Oil Disruptions

Venezuela is reportedly moving closer to restarting government-backed dollar sales, a step that could help stabilize the countrys fragile bolivar after weeks of turbulence linked to US sanctions and oil export disruptions....

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

U.S. Denies Plans to Use Venezuelan Oil to Refill Strategic Petroleum Reserve

The U.S. Department of Energy has denied reports that the federal government is considering using Venezuelan oil in an exchange with American oil companies to help refill the Strategic Petroleum Reserve (SPR). On Friday, a...

U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales

The United States is accelerating efforts to grant Chevron an expanded license for oil production in Venezuela, a move that could significantly reshape the countrys energy sector and global oil markets. U.S. Energy...

Politics

DOJ Sues Virginia Over Failure to Provide Full Voter Registration Records

The U.S. Justice Department has filed a lawsuit against the state of Virginia, alleging that state officials failed to comply with federal requirements to provide complete voter registration lists. According to a statement...

Trump Honored With Road Renaming Near Mar-a-Lago as His Name Expands Across U.S. Institutions

U.S. President Donald Trump marked the ceremonial renaming of a major roadway near his private club in Palm Beach, Florida, highlighting the continued expansion of initiatives, buildings, and programs bearing his name...

Trump Expands Investment Portfolio With $100M Bond Purchases Amid Conflict Questions

U.S. President Donald Trump disclosed the purchase of nearly $100 million in municipal and corporate bonds between mid-November and late December, according to newly released financial filings. The disclosures, posted late...

White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability

The White House has urged PJM Interconnection, the largest electric grid operator in the United States, to hold an emergency power auction to prevent rolling blackouts as electricity demand from data centers accelerates...

Trump Announces “Board of Peace” to Oversee Transitional Governance of Gaza

The White House on Friday officially announced the members of the so-called Board of Peace, a new international body proposed under President Donald Trumps plan to supervise the temporary governance of Gaza. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...

Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling

Alphabets Google has asked a federal judge to delay enforcing a key part of a landmark antitrust ruling that would require the company to share valuable search data with rivals, according to court filings submitted on...