Business news
- Bessent to propose major overhaul of regulatory body created from financial crisis - EconomyBessent to propose major overhaul of regulatory body created from financial crisisPublished Thu, Dec 11 20258:00 AM ESTSteve Liesman@steveliesmanJeff Cox
- Eli Lilly's next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial - The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill.
- Russia's charm offensive on Trump leaves Europe scrambling to win him back - Russia has tried to make the most of the White House's national security strategy and President Trump's criticism of Europe and Ukraine's leadership of late.
- Oracle shares plummet 11% in premarket, dragging down AI stocks - Shares in Nvidia, Micron and Microsoft were also lower in premarket trade on Thursday.
- AI defense booms in UK and Germany as new wave of billion-dollar startups emerge - The UK and Germany have become key hubs for defense startups in Europe and the U.S.
- Why Big Tech is doubling down on India with billions in investment - Despite being a laggard in some key areas of artificial intelligence, India is becoming a major investment destination for Big Tech companies.
- Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.
- Asia-Pacific markets mostly rise after third Fed cut of the year - Australia started the day higher, while Japan and Hong Kong futures also show a strong open.
- GOP lawmakers seek Trump aid for agricultural equipment after tariff pressure - Top lawmakers signaled that more federal help to farmers could be on the way, which could help tractor sales.
- Here are the five big takeaways from Wednesday's Fed rate decision - The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.