Breaking News: Markets
- Wall Street braced for a private credit meltdown. The risk of one is rising - Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- Asia-Pacific markets mostly rise ahead of Bank of Japan decision - Asia-Pacific markets mostly climbed, tracking Wall Street gains as geopolitical concerns eased and investors looked ahead to the Bank of Japan's decision.
- Capital One is buying startup Brex for $5.15 billion in credit card firm's latest deal - Capital One's acquisition of Brex is the latest deal under Rich Fairbank, a rare founder-CEO of a major U.S. bank, after its Discover Financial deal last year.
- Fed's main gauge shows inflation at 2.8% in November, edging further away from target - Inflation drifted slightly further from the Federal Reserve's target in November though in line with expectations.
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- European markets set to rocket on Trump's Greenland 'deal,' tariffs retreat - European stocks are expected to open higher after U.S. President Donald Trump said a framework agreement had been reached on Greenland and called off tariffs.
- Fossil fuels are a 'crutch': How AI's unlikely winner could be renewable energy - The IEA revised its 2025-2030 growth forecast for renewables downward by 5% compared to 2024, reflecting the changing sentiment and policy.
- Asia-Pacific markets set to rebound after Trump climbs down from Europe tariff threats - Trump also said that he would not use force to acquire Greenland.
- South Korea grows 1.5% in fourth quarter, missing forecasts as domestic demand weakens - South Korea's economic growth slowed in the final quarter of last year amid weakening domestic demand as the impact from fiscal stimulus disspated.