European markets head for positive open as traders await latest U.S. inflation data
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S.
SoftBank posts surprise loss in third quarter, revenue also misses estimates
SoftBank Group posted a surprise quarterly loss Wednesday and the Japanese company’s revenue also missed analysts’ estimates.
Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image
Europe is looking to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.
Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market
Baidu plans to release the next generation of its model for powering generative AI applications in the second half of this year, according to a source familiar with the matter.
Battery giant CATL files for Hong Kong listing in what could be city’s largest IPO since 2021
CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.
Trump fires USAID’s inspector general after his office released a report critical of the administration
The inspector general at the U.S. Agency for International Development was fired Tuesday, a day after his office released a report detailing the negative impact of the Trump administration’s dramatic downsizing of the agency.
Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investor Kingsley Jones names his favorite investment bank stocks and says “Wall Street, in general, will do quite well” under Trump.
India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions
“We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it,” the oil minister told CNBC.
California’s insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
Asia-Pacific markets trade mixed after Fed’s Powell signals no urgency to lower rates
India is slated to report its inflation data for January. SoftBank Group will be posting its fiscal third quarter earnings results later in the day.
