Stock Market News

Wells Fargo shares fall after Q4 profit miss

Severance costs weigh on quarterly results Wells Fargo reported fourth quarter earnings that fell short of analysts’ expectations after booking $612 million in severance expenses tied to Chief Executive Officer Charlie Scharf’s

US banks close strong quarter as loan demand rises

Loan growth lifts profits at major lenders Major U.S. banks reported stronger

Microsoft pledges to fund AI boom without burdening communities

Rising concern over energy costs and infrastructure As technology companies invest billions

World Bank lifts 2026 growth outlook, warns on imbalance

Global economy shows resilience but remains fragile The global economy is proving

JPMorgan takes over Apple Card from Goldman Sachs

Deal reshapes Apple Card’s banking partnership JPMorgan Chase has reached an agreement

Finance

U.S. Holiday Retail Sales Rise as Shoppers Seek Deals

Spending grows despite tighter household budgets U.S. retail sales have climbed by roughly 4% so far this holiday season, reflecting a consumer base that is spending carefully while still making room for

RBC boosts dividend as record results fuel global ambitions

Strong earnings power a higher payout for shareholders Royal Bank of Canada reported a record fourth quarter, prompting its board

Dollar Weakens Amid Fed Dovishness and Trade Tensions

Dollar drops against euro, pressured by Fed and shutdown fears The U.S. dollar slipped for a third consecutive day against

Gold rises ahead of Jackson Hole and Fed pressure

Gold rebounds after recent lows Gold prices rose 0.9% on Wednesday to $3,344.37 per ounce, boosted by a weakening U.S.

JPMorgan Nears Deal to Take Over Apple Card

Goldman Retreats as JPMorgan Steps In JPMorgan Chase is close to securing a major deal to assume control of the

Business

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported

Nvidia CEO to outline strategy amid rising AI competition

Keynote set for CES in Las Vegas Nvidia chief executive Jensen Huang

Berkshire Hathaway enters new era under Greg Abel

Shares dip as Buffett formally steps aside Berkshire Hathaway shares fell on

BYD overtakes Tesla as top global EV seller

Tesla sales fall for second consecutive year China’s BYD has overtaken Tesla

Boeing Seeks FAA Waiver to Sell More 777F Freighters

Request tied to demand and certification delays :contentReference[oaicite:0]{index=0} has asked the :contentReference[oaicite:1]{index=1}

Technology

China’s tech push fails to offset property slump

High-tech growth falls short of replacing real estate China’s strategy of expanding high-tech industries such as artificial intelligence, robotics and electric vehicles is not sufficient to counterbalance the prolonged downturn in its