China’s Falling Corn Imports Show Hit to Consumer Confidence
USDA cuts import forecast for 2024/25 season by around 13% Purchases likely to be less than half of levels in 2020/21 China’s corn imports are expected to total just 14 million tons in the current season, less than half of their peak during a buying spree a few years...
US Small-Business Optimism Soars to Three-Year-High After Trump Win
NFIB’s November index jumps 8 points, the most on record Business conditions outlook surges to more than four-year high US small-business optimism surged in November to a more than three-year high in anticipation of more favorable economic policies after Donald Trump...
Defense Startups Palantir, Anduril to Save Data From Battlefield to Train AI Models
Deal signals growing importance to military of AI technology Startups say they’re open to other companies joining effort Software company Palantir Technologies Inc. and weapons maker Anduril Industries Inc. plan to accelerate the use of artificial intelligence in the...
US Orders Nationwide Testing of Raw Milk for Bird Flu Virus
First round of testing at milk silos to begin week of Dec. 16 Dairy industry will be required to share samples on request The US will begin testing raw milk supplies across the country for the presence of the highly pathogenic bird flu virus that’s been spreading in...
China Warns Against ‘Worship’ of Chasing Faster Economic Growth
Chinese state media warned against blindly chasing faster growth and signaled more focus on boosting consumption in a flurry of articles setting the stage for a key economic meeting next week. While officials have made every effort to hit this year’s expansion goal,...
JPMorgan, AT&T Pull Twitch Ads Following Antisemitism Claims
Exiled contributors mount campaign that includes edited clips Their targets are pro-Palestinian streamer and Twitch staffers Three major brands have halted their advertising on Amazon.com Inc.’s Twitch online service, according to people with knowledge of the matter,...
BlackRock’s Boivin Says Global Bonds Favored Over US Treasuries
Sticky inflation suggests Fed has little room to ease below 4% Persistent deficits warrant more yield to own Treasuries: BII Investors should favor global bonds over longer-dated US Treasuries, with sticky inflation forcing the Federal Reserve to the sidelines next...
OpenAI Partners With Anduril to Build AI for Anti-Drone Systems
The deal marks the ChatGPT maker’s biggest push yet into the defense sector. OpenAI is partnering with Anduril Industries Inc. to incorporate its artificial intelligence technology into the weapons maker’s anti-drone systems, marking the AI developer’s most...
French government faces collapse as left and far-right submit no-confidence motions
Far-right, left say they will vote government down No-confidence vote likely to take place on Wednesday Investors punish French stocks and bonds Fragile coalition relied on far-right RN support The French government is all but certain to collapse later this week after...
Biden Offers $7.5 Billion for Samsung SDI-Stellantis Hub
A joint venture between Samsung SDI Co. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.5 billion in financing from the Biden administration. The conditional loan to StarPlus Energy LLC would fund as many as two lithium-ion...
Trump Weaponizing Dollar Seen as Needless BRICS Provocation
Comments by Trump suggest lack of confidence in dollar: Setser Greenback accounts for almost 90% of all currency trades: BIS Donald Trump’s fresh pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks...
Trump Demands ‘Commitment’ From BRICS on Using US Dollar
Trump has said he wants US dollar to remain reserve currency US president-elect reiterates threat to impose ‘100% tariffs’ US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new...
Trump’s Plans Risk Inflating Bullish Stock Market Into a Bubble
Equities at new records despite inflation, trade wars in play ‘One of my top concerns is extreme bullishness,’ Diton says The new Trump administration is coming in hot, with mass deportations of undocumented immigrants and threats of triggering a global trade...
Brazil Markets Cap Week of Losses After Spending Plan
Real erased Friday drop as Congress heads push for constraint Spending package disappointed, adding to fiscal concerns Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to...
