Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Southwest Airlines Close to Settlement with Elliott Investment to Avoid Proxy Fight
Southwest Airlines (NYSE: LUV) is reportedly nearing a settlement with Elliott Investment Management to avoid a proxy battle over the airline's board control. According to Bloomberg, negotiations are in progress to grant Elliott several board seats, though fewer than a majority, potentially resolving the standoff by Thursday.
Elliott, holding a 10% stake in Southwest, has been pushing for significant changes, including replacing eight directors and shrinking the board from 15 to 12 members by next year. The activist investor has also advocated for a shift in strategy to enhance financial performance and boost share prices. It has sought to oust CEO Bob Jordan and held discussions with other shareholders to garner support.
While the potential settlement may provide Elliott with board representation, it remains unclear whether CEO Bob Jordan’s position will be impacted. The talks are ongoing, and a final agreement has not been confirmed, with the possibility that negotiations could break down.
Both Southwest and Elliott declined to comment on the matter.
Southwest has been facing profitability challenges since the COVID-19 pandemic. In response, the airline has implemented measures such as increasing legroom and reconsidering its open seating system to improve passenger experience and drive revenue growth.
