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Oil prices settle lower as traders assess impact of winter storm on production
Oil prices edged lower as investors assessed U.S. winter storm production losses and rising geopolitical tensions between the U.S. and Iran.
US pending home sales plunge to five-month low in December
Contracts to buy existing U.S. homes fell sharply in December as labor worries and tight inventory offset lower mortgage rates.
Intel shares tumble as supply chain snarls hamper turnaround
Intel shares fell sharply after the chipmaker warned supply constraints would limit its ability to meet AI-driven demand.
Citigroup to lay off more employees in March, sources say
Citigroup is expected to announce more layoffs in March as CEO Jane Fraser presses ahead with cost cuts and restructuring.
Amazon plans thousands more corporate job cuts next week
Amazon plans another round of corporate job cuts next week as it moves toward eliminating about 30,000 roles companywide.
Trump sues JPMorgan, CEO Jamie Dimon for $5 billion over alleged political debanking
Trump filed a $5 billion lawsuit accusing JPMorgan Chase and CEO Jamie Dimon of debanking him for political reasons.
Spirit Airlines in talks with Castlelake for a potential takeover, CNBC reports
Spirit Airlines is in takeover talks with Castlelake as the bankrupt carrier faces mounting uncertainty after failed merger bids.
Paramount extends deadline on hostile Warner Bros bid to February 20
Paramount Skydance extends its Warner Bros Discovery tender offer as investors weigh a rival all-cash bid from Netflix.
Oil slides as Trump tones down threats against Greenland and Iran
LONDON, Jan 22 (Reuters) – Oil prices fell on Thursday, reversing the previous sessions’ gains, after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply and demand outlook. Brent crude was down $1.25 cents, or 1.92%, at $63.99 a barrel at 1301 GMT. West Texas[...]
Dollar edges up after Trump rules out military action in Greenland
The dollar firmed against the euro and Swiss franc as markets digested Trump’s Davos remarks amid trade tensions.
Dimon warns credit card rate cap would be ‘disaster’
JPMorgan CEO Jamie Dimon says Trump’s proposed 10% credit card rate cap would slash access to credit and hurt consumers.
Intel results to spotlight turnaround efforts as AI data centers boost chip demand
Intel shareholders are increasingly optimistic as CEO Lip-Bu Tan’s turnaround plan boosts data center demand and shares.
