Musk’s xAI burned about $8 bln cash in first 9 mths of 2025 - Bloomberg

Investing.com-- Elon Musk’s artificial intelligence startup xAI burned about $8 billion in cash in the first nine months of 2025, Bloomberg News reported, underscoring the heavy costs involved in ...

China’s consumer inflation hits near 3-year high, factory-gate deflation eases

BEIJING, Jan 9 (Reuters) - China’s annual consumer price inflation hit a 34-month high in December while producer price deflation moderated, data from the National Bureau of Statistics showed on ...

BlueScope’s largest investor backs $9 billion takeover rejection

SYDNEY, Jan 9 (Reuters) - BlueScope Steel ’s largest investor, AustralianSuper, said on Friday it supported the Australian steelmaker’s decision to reject a $9 billion takeover offer from SGH and ...

China CPI inflation hits near 3-yr high in Dec, PPI decline eases

The CPI print was China’s strongest reading since February 2023. CPI grew 0.2% month-on-month, reversing course after a 0.1% drop in November. Friday’s reading showed Chinese CPI inflation rising for ...

Johnson & Johnson reaches deal with US government to lower drug prices

Jan 8 (Reuters) - Johnson & Johnson said on Thursday it has reached a agreement with U.S. President Donald Trump’s administration to cut drug prices for Americans in exchange for exemptions from U.S.

Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs

SINGAPORE, Jan 9 (Reuters) - Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, ...

Honduras opposition party condemns attack on lawmaker as election tensions simmer

TEGUCIGALPA, Jan 8 (Reuters) - Honduran opposition lawmaker Gladis Aurora Lopez was injured on Thursday after an explosive ...

CK Hutchison taps Goldman Sachs, UBS for AS Watson IPO, Bloomberg News reports

Jan 9 (Reuters) - Hong Kong-based CK Hutchison has picked Goldman Sachs and UBS Group AG to work on the planned initial ...

Trump orders his ’Representatives’ to buy $200 billion in mortgage bonds

WASHINGTON, Jan 8 (Reuters) - U.S. President Donald Trump said on Thursday he is ordering his representatives to buy $200 ...

Fitness tracker Strava files for IPO- The Information

Investing.com-- Fitness tracking app Strava has confidentially filed for an initial public offering in the U.S., The Information reported on Thursday, citing people with knowledge of the matter. An ...

Subdued Irish consumer sentiment little changed at the end of 2025

DUBLIN, Jan 9 (Reuters) - Irish consumer sentiment finished 2025 on a subdued note as concerns over living costs continued to dampen confidence, despite the economy’s strong growth, a survey found on ...

Japan November household spending unexpectedly rises, up 2.9% year/year

TOKYO, Jan 9 (Reuters) - Japanese household spending unexpectedly grew in November from the year-earlier month, government data showed on Friday, rebounding from a sharp decline in October. Consumer ...