Asia-Pacific markets set for mixed open as AI sell-off on Wall Street continues
Markets in Australia started the day higher, while futures data for Japan and Hong Kong indexes indicate some pessimism.
Merriam-Webster declares ‘slop’ its word of the year in nod to growth of AI
Slop refers to the low-quality content created by artificial intelligence that’s showing up across social media.
PayPal applies to form bank that can offer small business loans and savings accounts
PayPal has applications pending with the state of Utah and the Federal Deposit Insurance Corporation to establish PayPal Bank.
Frontier Airlines replaces CEO Barry Biffle with carrier’s president
Frontier Airlines is replacing its CEO, Barry Biffle, with the carrier’s president.
Trump says he’s ‘strongly’ considering reclassifying pot via executive order
Pot stocks fell on Monday as investors took profits following a record-setting session.
Pentagon takes big stake in new Korea Zinc smelter in Tennessee, will get 10% of company
The U.S. government is ramping up its investment in critical minerals partnerships not reliant on China.
Union Pacific will be a double-digit earnings story in 2026, Hightower’s Stephanie Link says
Transport company Union Pacific has seen shares rise just 5% this year but could get a boost on its upcoming acquisition of Norfolk Southern, according to Link.
Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
Tesla CEO Elon Musk said in a social media post that his company is testing driverless cars in Austin without a safety driver in the vehicle.
Ford to record $19.5 billion in special charges related to EV pullback
The charges are related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, Ford announced Monday.
New Trump tariffs collection hits $200 billion, Customs says
President Donald Trump this year unilaterally imposed, without congressional authorization, what he calls reciprocal tariffs and fentanyl tariffs on imports.