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World News

Oil major BP to cut thousands of jobs in cost-saving drive

British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.

Published: 2 hours ago

UK Robinhood rival Freetrade snapped up by trading firm at 29% valuation discount

U.K. Robinhood rival Freetrade has been acquired by IG Group for £160 million — a 29% discount to its last valuation.

Published: 30 minutes ago

Europe markets rise; Richemont up 17% on quarterly results, boosting luxury sector

Europe markets were higher Thursday as attention turned to earnings in the region.

Published: 54 minutes ago

UK economy's disappointing November growth fuels the case for Bank of England rate cut

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

Published: 4 hours ago

Who'd buy Ubisoft? Top potential suitors for beleaguered Assassin's Creed maker

Analysts are speculating about whether the French video game publisher may finally put itself up for sale.

Published: 14 hours ago

Stock futures are flat after major averages post best day since November: Live updates

Investors are coming off a strong session after a moderate improvement in core inflation in December's consumer price index spurred a risk-on rally.

Published: 8 minutes ago

Shares of Cartier owner Richemont jump 17% as sales rise in December quarter

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

Published: 4 hours ago

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

Published: 2 minutes ago

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

Published: 57 seconds ago

Cushion your portfolio in 2025 with these fixed income assets. Where to put your cash to work

The prospect of elevated rates isn't all bad news for fixed income investors.

Published: 14 hours ago

Travelers can soon fly from Singapore to the 'gateway' to Komodo National Park

Jetstar Asia said it's launching the first direct route between Singapore and Labuan Bajo, Indonesia, a town near Komodo National Park and its famous "dragons."

Published: 1 day ago

Saudi Arabia vows to be 'fast and furious' in mining as it reveals $100 billion investment

Saudi Arabia has increased the valuation of its unexploited mineral resources from $1.3 trillion to $2.5 trillion.

Published: 19 hours ago

Target says its holiday sales were better than expected — but its profits weren't

The big-box retailer's report indicates that deals and promotional events motivated shoppers.

Published: 25 minutes ago

China's slowing economy is waiting for more stimulus. Here's how the country plans to boost growth

China's slowing economy is still waiting for promised government support to kick in.

Published: 5 hours ago

TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.

Published: 5 hours ago

Israel and Hamas reach Gaza ceasefire and hostage deal

A ceasefire and hostage deal between Israel and Hamas has been reached in the bloody war in Gaza.

Published: 12 hours ago

Why Vanguard likes a 40/60 portfolio to boost returns over the next decade

Investors looking for better risk-adjusted returns over the next 10 years may want to consider increasing their bond allocations, according to Vanguard.

Published: 2 days ago

Asia-Pacific markets track Wall Street gains; South Korea unexpectedly keeps rates unchanged

Korea's central bank surprised market watchers by keeping base rates unchanged at 3%.

Published: 5 hours ago

Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth 'highly likely' to miss forecasts

Economists polled by Reuters had estimated a 25-basis-point cut to 2.75%

Published: 11 hours ago

TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell

Business moguls should be prepared to spend tens of billions of dollars for TikTok's U.S. operations should parent company ByteDance decide to sell. 

Published: 15 hours ago

In farewell speech, Biden warns an 'oligarchy' in America is threatening democracy

The president also called for a constitutional amendment to ensure presidents aren't above the law, an apparent reference to President-elect Donald Trump.

Published: 3 hours ago

Hindenburg Research founder says he's closing short-seller research shop

Hindenburg took on companies including Nikola and Carvana and financial titan Carl Icahn as a short seller.

Published: 14 hours ago

English teacher, server and sommelier are among the fastest-growing roles in Australia, according to LinkedIn

Roles in the education, travel and hospitality sectors are growing in Australia's job market, according to LinkedIn's 2025 "Jobs on the Rise" list.

Published: 3 days ago

JPMorgan Chase is boosting buybacks even after CEO Jamie Dimon called the stock expensive

Fresh off a record year for profit and revenue, JPMorgan is facing questions over what CFO Jeremy Barnum admitted was excess capital.

Published: 16 hours ago

Apple fourth-quarter iPhone shipments in China drop 25% as Huawei closes in, Canalys data shows

Apple's smartphone shipments in China plunged 25% in the fourth quarter of 2024 in the face of mounting pressure from Huawei.

Published: 11 hours ago

Biden administration looks for ways to keep TikTok available in the U.S.

Biden’s administration is considering ways to keep TikTok available in the U.S. if Sunday's ban goes into effect.

Published: 8 hours ago

These Chinese apps have surged in popularity in the U.S. A TikTok ban could stop them in their tracks

A law that could see TikTok shut down in the U.S. threatens to ensnare other Chinese social media apps gaining traction in the country, legal experts say. 

Published: 1 day ago

How VPNs might allow Americans to continue using TikTok

If TikTok does indeed go dark on Sunday for Americans, there may be a tool for them to continue accessing the popular social app: VPNs. 

Published: 15 hours ago

Oil is no longer an energy security challenge as critical minerals take center stage, Saudi minister says

"Countries are racing to access critical minerals and secure their own supply chain," the Saudi energy minister told attendees at the Future Minerals Forum.

Published: 21 hours ago

Europe stocks notch best session for four months following UK and U.S. inflation data

European markets traded higher Wednesday as markets digested cooler-than-expected inflation data from the U.S. and UK.

Published: 5 hours ago