A bipartisan group of US lawmakers moved to stabilise critical mineral markets on Thursday, introducing a bill that would establish a $2.5 billion national stockpile aimed at boosting domestic mining and refining. Washington’s new bill is the latest measure intended to counteract what its policymakers see as China’s price manipulation of critical minerals like lithium,
Spotify is lifting the price of its Premium subscription service by 8%, underlining how major streaming platforms are leaning more on subscription revenue to support sustained profitability. The Swedish audio group said on Thursday that US prices will rise to $13 a month, marking its first increase for American users since 2024. Spotify is also
Goldman Sachs Group Inc. ended 2025 on a high, posting a record-breaking performance in one of its most closely watched businesses. In the final three months of last year, the bank generated $4.31 billion in equities-trading revenue, beating expectations and setting an all-time Wall Street record for any bank. The result underlines how Goldman has
Morgan Stanley capped an exceptional 2025 with a fourth-quarter earnings beat that showcased the power of its diversified business model. The investment bank reported net revenues of $17.9 billion and earnings per share of $2.68, both comfortably surpassing Wall Street expectations. For the full year, the firm delivered record net revenues of $70.6 billion with
Boston Scientific on Thursday announced plans to acquire Penumbra, a US-based thrombectomy specialist, in a cash-and-stock deal valued at about $14.5 billion, marking one of the largest transactions in the global medical technology sector this year. The acquisition is aimed at strengthening Boston Scientific’s cardiovascular and vascular intervention portfolio, as the company looks to capitalise
Airbnb stock price crashed by over 7% on Wednesday as travel companies plunged after a major policy change by the Donald Trump administration. ABNB plunged to a low of $130, down by nearly 8% from its highest point this year. Airbnb stock plunges as Trump stops visas for 75 countries Airbnb share price retreated sharply
According to cybersecurity researchers, a Chinese-linked cyberespionage outfit sent Venezuela-themed phishing emails to US government and policy officials in the days following a US operation to depose Venezuelan President Nicolas Maduro. The previously unknown campaign demonstrates how a long-standing Chinese cyberespionage cell known as “Mustang Panda” continues to exploit big political changes to obtain access
ASML stock (AMS: ASML) surged past a historic $500 billion market capitalization milestone on Thursday as a wave of positive catalysts swept through semiconductor equipment stocks. The Dutch chipmaking equipment maker climbed over 6% in Amsterdam trading, reaching an all-time high of 1,167 euros. The stock’s explosive rally was triggered by TSMC’s blockbuster earnings and
Initial claims for unemployment benefits in the United States fell more than expected in early January, offering fresh evidence that companies are continuing to retain workers even as signs of cooling emerge in the broader labour market. Data released on Thursday showed there were 198,000 initial claims in the week ending January 10, down 9,000
US stocks rose on Thursday as Wall Street attempted to recover from back-to-back losing sessions, with strength in semiconductor shares helping to lift broader market sentiment amid a mixed geopolitical and policy backdrop. The S&P 500 climbed 0.6%, while the Nasdaq Composite advanced 0.9%. The Dow Jones Industrial Average added 165 points, or 0.3%, as