As Myanmar continues to grapple with the aftermath of a civil war ignited by a military coup in 2021, the nation is now navigating the tumultuous waters of its general elections. The ongoing conflict not only raises questions about the legitimacy of the electoral process but also underscores the resilience and aspirations of the Myanmar…
The US labor market appears to be running on fumes under President Donald Trump, as the latest jobs report revealed that the American economy added just 50,000 jobs in December, below economists’ consensus estimate of 55,000 jobs. The report, released on Friday by the Bureau of Labor Statistics (BLS), also found that the US economy…
Goldman Sachs sees big opportunities in two real estate stocks that it says will benefit from the booming senior population. On Friday, the firm initiated coverage of Ventas, whose portfolio includes senior housing communities, skilled nursing facilities and medical office buildings, with a buy rating and $94 price target. That target implies 25% upside from…
On a week where the mortgage market was most likely to experience volatility due to Friday’s jobs report, Thursday afternoon’s surprise announcement of $200bln in GSE MBS (mortgage-backed securities) buying stole the show. This was already juicing the underlying MBS market yesterday afternoon, but traders took the surge to the next level this morning. This…
Market Basket is America’s No. 2 grocery store chain for a second year in a row, a new ranking finds. The Tewksbury, Massachusetts-headquartered supermarket with nearly 100 stores in New England is runner-up on the list of best grocery retailers compiled by customer data science company dunnhumby. Topping the ranking once again was H-E-B, a…
Grok users aren’t just commanding the AI chatbot to “undress” pictures of women and girls into bikinis and transparent underwear. Among the vast and growing library of nonconsensual sexualized edits that Grok has generated on request over the past week, many perpetrators have asked xAI’s bot to put on or take off a hijab, a…
Micron shares sell for a tiny P/E ratio — but a gigantic valuation on P/FCF. Micron (Nasdaq: MU) stock resumed marching higher Friday, gaining 4.1% through 1:25 p.m. ET after Mizuho analyst Vijay Rakesh issued a 2026 outlook for semiconductor stocks and raised his price target on Micron to $390 per share. Image source: Getty…
Photographer: Jim Spellman/WireImage (Bloomberg) — Michael Burry, the famed investor who has drawn attention in recent months for criticism of the artificial intelligence boom, is betting against Oracle Corp. Burry owns put options on Oracle shares, he said in a Substack post after markets closed on Friday. Puts typically increase in value as the price…
Danielle KayeBusiness reporter Getty Images On a recent January morning, tourists admired the rows of Balenciaga and Burberry handbags on display at Saks Fifth Avenue’s flagship midtown Manhattan location. But a conversation on the second floor hinted at financial troubles at one of America’s most iconic luxury department stores. Penelope Nam-Stephen, a longtime customer, approached…
As tensions rise in the Horn of Africa, Somalia’s defense minister, Ahmed Moalim Fiqi, has leveled serious accusations against Israel regarding an alleged plan to forcibly relocate Palestinians to Somaliland, a self-declared independent region of Somalia. Fiqi’s statements not only highlight the complexities of international diplomacy but also underscore the importance of sovereignty in regional…
Windscreen wiper blades. Car parts maker First Brands fell into bankruptcy in September, sparking billions of dollars in losses for Wall Street groups © Bloomberg First Brands Group has sued the brother of its founder and its largest creditor, Onset Financial, for allegedly conspiring “in an unlawful scheme to defraud creditors out of billions of…
Macy’s is set to close over a dozen stores in the coming months. The department store chain told Axios on Thursday that it will close 14 stores across the country to focus resources on stronger-performing locations. The closures span 12 states, including one New York location: the Macy’s at Boulevard Mall in Amherst. Macy’s 2026…
Site of the $500bn Stargate project in Texas © Bloomberg OpenAI and SoftBank have agreed to invest $1bn in SB Energy, an infrastructure company part-owned by the Japanese conglomerate, in a further deal to help fuel the AI start-up’s build-out of massive data centres. The deal announced on Friday will entail OpenAI and SoftBank each…
Elon Musk’s xAI responded to criticism by saying it was limiting the use of its Grok image-generator to paid subscribers only © FT montage/Bloomberg Elon Musk’s Grok AI model lacked safeguards to stop users generating sexualised deepfakes of women and children, according to experts who warn that many AI systems are vulnerable to producing similar…
President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap to come into effect on January 20, the one-year anniversary of his return to the White House. But he did not…
As the evolving dynamics in Aleppo continue to reshape the region, the withdrawal of the last fighters of the Kurdish-led Syrian Democratic Forces (SDF) marks a significant shift in the control of the city. This development not only highlights the ongoing complexities of Syria’s conflict but also sets the stage for potential changes in governance…
Mortgage rates on Friday fell below 6% for the first time in years, after President Donald Trump ordered his “representatives” to begin buying $200 billion worth of mortgage bonds, his latest push to lower costs for Americans grappling with the high cost of living. The average interest rate for a 30-year fixed residential mortgage hit…
Buy Amazon for a prospective breakout to new 52-week highs. Amazon , as all will know, has been a poor relative performer to the S & P 500 Index for several years. Indeed, the stock’s relative performance peak was in the June of 2020 (Covid related outperformance associated with Covid online shopping)… and ever since,…
LONDON (AP) — Elon Musk’s AI chatbot Grok is preventing non-paying users from generating or editing images after a global backlash erupted over sexualized deepfakes of people, but the change has not satisfied authorities in Europe. The chatbot, which is accessed through Musk’s social media platform X, has in the past few weeks been granting…
Hundreds of new manufacturing jobs are coming to Wilson, Gov. John Stein announced Friday, as Johnson & Johnson has decided to build a multibillion-dollar expansion on their existing operations in town. The pharmaceutical giant has been heavily investing in North Carolina recently, spending billions on its Wilson factory as well as a Holly Springs plant…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. The U.S. has lived with a massive trade deficit for decades. But under President Donald Trump’s sweeping tariffs, that gap is suddenly narrowing — and much faster than many expected. That became clear on CNBC when anchor Rick Santelli…
Recent developments in Latin America highlight the complex interplay between regional politics and U.S. foreign policy, particularly in Colombia’s response to sustained pressure from Washington. Colombian President Gustavo Petro’s handling of U.S. accusations against Venezuelan leader Nicolas Maduro raises important questions about national sovereignty and the future of diplomacy in the region. As Colombia navigates…
In a crucial move revealing the complex dynamics of international security and cooperation, the United States has escalated military actions against ISIL in Syria, following a deadly attack that resulted in the loss of American lives. The operation, dubbed “Hawkeye Strike,” underscores the evolving alliances within the region as the U.S. has increasingly collaborated not…
General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards. Shares slid almost 3% Friday. The charges that will be recorded in the fourth quarter follow an announcement in October that the Detroit…
Capability marks a step forward in BNY’s ambition to tokenize bank deposits for real-time, on-chain settlement between industry participants Key takeaways BNY (NYSE: BK), a global financial services company, has taken the first step in its strategy to tokenize deposits by enabling the on‑chain mirrored representation of client deposit balances on its Digital Assets platform. This launch helps to advance BNY’s ambitions to support programmable, on‑chain cash for institutional market infrastructure. Early participants…
Updated Jan. 9, 2026, 1:54 p.m. ET Jeep and Chrysler will stop making their plug-in hybrid models as Stellantis NV turns its focus to other hybrid powertrains, the automaker confirmed Friday. “With customer demand shifting, Stellantis will phase out plug‑in hybrid (PHEV) programs in North America beginning with the 2026 model year, and focus on…
Meta today announced three deals to provide its data centers with nuclear power: one from a startup, one from a smaller energy company, and one from a larger company that already operates several nuclear reactors in the U.S. Oklo and TerraPower, two companies developing small modular reactors (SMR), each signed agreements with Meta to build…
Colorado state regulators have received more than 200 complaints this week after customers who thought they were getting regular unleaded gasoline filled their tanks with diesel fuel at Costco, King Soopers and Murphy Express pumps. The state’s Division of Oil and Public Safety began receiving complaints Thursday after diesel fuel was loaded from a Sinclair…
In a significant move highlighting the intricate dynamics of regional politics, Nicaragua’s government has announced the release of a number of prisoners, echoing the heightened pressures faced by left-leaning administrations across Latin America. This development comes amid a backdrop of escalating tensions following the recent abduction of Venezuelan President Nicolas Maduro by the United States,…
Last year didn’t go the way Bill Gates hoped. As a philanthropist who has dedicated billions to improving everything from healthcare and education in poor countries to climate change action, Gates could only watch as the Trump administration slashed swathes of foreign aid contracts. The Microsoft co-founder has criticised the cost-cutting regime, much of which…
(Bloomberg) — Chevron Corp. could grow its cash flow by as much as $700 million a year from increasing oil production in Venezuela as the Trump administration seeks to control the South American country’s crude supplies, one analyst says. Chevron, the only US oil major currently operating in Venezuela, has a “differentiated opportunity among peers…
Elon Musk’s controversial Grok artificial intelligence model appears to have been restricted in part on one app, while remaining largely unchanged on another. On Musk’s social media app X, the Grok AI image generation reply bot has been made for paying customers only and has been seemingly restricted from making sexualized deepfakes after a wave…
The Federal Reserve Board on Friday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2026. Each Reserve Bank has a nine-member board of directors, representing a wide range of business and community leaders across each regional district. By law, the Board of Governors in Washington appoints three…