Browsing: Business

Novo Nordisk’s amycretin shows up to 22% weight loss in trials, boosting its stock by 6.87% as the drug exhibits safety and potential as a next-gen obesity treatment.

Amazon announced the closure of seven Quebec warehouses, eliminating 1,700 jobs, amid allegations the move is linked to recent unionization efforts at a Montreal-area facility.

Former US President Donald Trump announces a $500B AI initiative with OpenAI, Softbank, and Oracle, launching the Stargate project to maintain US dominance in technology.

UK wages rose 6% in November, defying expectations, but jobless claims rose. The Bank of England faces mixed signals as it considers interest rate cuts amid economic uncertainty.

The Dow surged 244 points as President Trump’s softer tariff approach reassured investors, with major indices rising on tempered fears over potential trade conflicts.

Beijing struggles to stabilize the yuan as Trump tariffs and a strong U.S. dollar intensify pressures on China’s economy, raising global concerns about financial and trade stability.

BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing market challenges and profit pressures.

Quantum computing stocks rallied after Microsoft urged businesses to prepare for a “quantum-ready” era by 2025, sparking optimism and lifting shares of Rigetti, IonQ, and D-Wave Quantum.

Stock futures advanced Tuesday as traders await two key inflation reports, including PPI and CPI, expected to influence the Federal Reserve’s rate decisions and broader market direction.

Nvidia stock dipped 6.2% after CES, but analysts emphasize the company’s AI leadership, highlighting advancements like the Blackwell AI processor and its partnerships in autonomous driving.