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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.
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[...]
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.
Aktis Oncology secures Lilly as anchor investor for upsized US IPO
Jan 7 (Reuters) – Cancer drug developer Aktis Oncology said on Wednesday it was targeting a valuation of up to $945.4 million in its upsized initial public offering, signaling strong investor demand for 2026’s first U.S. listing. The Boston, Massachusetts-based company has also drawn in Eli Lilly to anchor the IPO, w[...]
US private payrolls miss expectations in December
WASHINGTON, Jan 7 (Reuters) – U.S. private payrolls rebounded less than expected in December, the ADP’s national employment report showed on Wednesday. Private employment increased by 41,000 jobs last month after a revised decrease of 29,000 in November. Economists polled by Reuters had forecast private employment wo[...]
Caracas, Washington in talks to export Venezuelan oil to US, sources say
HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid d[...]
Venezuela loads oil only for Chevron as PDVSA exports stall
Venezuela is exporting crude only to Chevron as PDVSA cargoes for China remain halted amid a U.S. tanker blockade.
Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028
LAS VEGAS, Jan 5 (Reuters) – Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, d[...]
