Business news
- Homeowners are losing thousands in equity thanks to weakening prices - Weaker prices mean homeowners are starting to lose equity after several years of huge gains.
- Fed's Goolsbee explains vote against rate cut, says central bank should have waited - Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
- Cannabis stocks surge on reports Trump will reclassify marijuana; Tilray jumps 28% - President Donald Trump will significantly ease federal restrictions on marijuana, according to the Washington Post.
- ‘The next protein’: Fiber is shaping up to be the latest grocery obsession - As consumers find their next grocery obsession in fiber, food and beverage companies are racing to keep up with the trend.
- AI shopping could drive $263 billion in holiday sales. Walmart and Target are racing to get in - Consumers are turning to AI chatbots like ChatGPT for gift discovery, reviews and price matching, potentially driving billions in sales this holiday season.
- India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam - India's inflation in November rose after touching an all-time low in October due to rise in prices of food items, fuel.
- AI-led tech slide extends into third day as Oracle, Nvidia, fall in premarket trading - AI-related names have made losses since Oracle's mixed results on Wednesday.
- Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market - As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.
- UK economy unexpectedly shrunk before Budget - The U.K. economy unexpectedly contracted in the three months to October, according to official figures released Friday.
- Asia-Pacific markets trade higher after Wall Street notches fresh record - Asia-Pacific markets traded higher on Friday, tracking Wall Street gains.