Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK Hutchison
Blog
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Judge denies Musk’s attempt to block OpenAI from becoming for-profit entity
A Judge in California on Tuesday said Elon Musk can’t move forward in his legal efforts to stop OpenAI from converting to a for-profit entity.
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Jim Cramer talks Trump tariffs and investor woes after Dow tumbles
CNBC’s Jim Cramer laid out Wall Street’s concerns over a trade war from Trump tariffs and offered his take on how the White House might view the issue.
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US government considers selling FBI and DoJ headquarters
Proposed sale of more than 80mn sq ft of ‘non-core assets’ comes amid aggressive cost-cutting agenda
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CrowdStrike falls 9% on disappointing earnings forecast
CrowdStrike shares dropped more than 9% in extended trading after the cybersecurity software provider issued weaker-than-expected guidance.
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
A growth scare in the economy has accompanied worries over a resurgence in inflation, threatening to potentially rekindle stagflation.
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Trump administration quietly amends government lay-offs directive
Change comes after thousands of workers were fired, causing chaos across the US
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Germany’s Merz strikes ‘game-changing’ deal to boost defence spending
Chancellor-to-be’s moves to relax debt brake marks historic shift in country’s conservative approach to borrowing
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US stocks erase post-election gains on Trump tariff fears
President’s protectionist moves spark concerns about retaliation and damage from escalating trade war
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Trump ‘bump’ disappears as the S&P 500 is now negative since the election
The S&P 500 dropped below its pre-election levels on Tuesday, while small caps and energy stocks are performing even worse since Trump’s victory.