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Wall Street ends mixed as tech dips, defense stocks rally
Jan 8 (Reuters) – Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget. Nvidia, Broadcom and Microsoft declined. A drop in the S&P 500 technology index left it down about 1% so far in 2026, as investors grew […]
Less than zero: Paramount reaffirms Warner Bros offer, dumps on cable spinoff
Paramount reaffirms its acquisition offer for Warner Bros and rejects a planned cable spinoff as strategic focus shifts.
Defense Stocks Jump After Trump Calls for $1.5T Budget
Global defense stocks rallied after President Trump called for a $1.5 trillion U.S. military budget despite buyback concerns.
US October trade deficit lowest since 2009 as imports decline
The U.S. trade deficit shrank to its lowest level since 2009 in October as imports plunged and exports hit records.
Oil rises as market focuses on Venezuela and US sanctions plans
Oil prices climbed after two days of losses as investors weighed Venezuela crude flows and progress on U.S. Russia sanctions.
Trump blocks defense company payouts until arms production speeds up
President Trump says defense contractors should halt dividends and buybacks until weapons production speeds up.
S&P 500 reaches record high as AI trade returns
The S&P 500 hit a record high as Nvidia, Alphabet and other AI stocks climbed, while the Dow fell on JPMorgan losses.
US says it needs to control Venezuelan oil sales indefinitely to drive change
The U.S. aims to control Venezuela’s oil sales and revenue indefinitely to stabilize its economy and rebuild production.
JPMorgan’s asset management arm to end use of proxy advisers in US, memo shows
Jan 7 (Reuters) – JPMorgan Chase’s asset management division no longer plans to use proxy advisers in the U.S., according to an internal memo seen by Reuters on Wednesday, a move the bank described as an industry first. Conservatives and some business leaders have for years leveled complaints about proxy advisers and large fund managers, […]
Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, CNBC reports
U.S. to buy Venezuelan oil indefinitely and roll back sanctions under new deal, beginning with more than 50 million barrels, CNBC reports.
