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Economic indicators could get ‘foggier,’ a Fed Bank president says

Chicago Fed President Austan Goolsbee, who joins the central bank’s voting panel this year, sees the economy stabilizing at a strong level but warned of “muddled” data that could complicate the Fed’s job.
Brendan McDermid/Reuters

Tesla eyes Saudi market entry

Saudis have so far been reluctant buyers of electric cars but that is anticipated to change if more infrastructure is installed.
A Tesla car is parked in the Meatpacking District of New York.Adam Gray/Reuters

Corporate M&A, like the economy, is all about vibes

A dealmaker is back in the White House. Will the deals follow?
Donald Trump shakes hands with Senior chairman of Sullivan & Cromwell H. Rodgin Cohen at the Economic Club of New York in September 2024.Brendan McDermid/Reuters

Defense contractor L3Harris CEO Kubasik makes appeal to Musk and Ramaswamy

Chris Kubasik said in a letter that the new Department of Government Efficiency, the quasi-official group tasked with cutting federal spending, offers a “once-in-a-lifetime opportunity” for change.
Chris Kubasik, president and COO of L3Harris, is interviewed by CNBC on the floor of the New York Stock Exchange in 2019.Brendan McDermid/Reuters

Investor interest in defense grows

Asset managers debuted 15 defense-focused funds in Asia last year, compared to six in the four years prior.
A soldier stands guard next to a house set on fire by police in a search operation in Ecuador.Cesar Munoz/Reuters

Trump, Musk dined with Microsoft CEO at Mar-a-Lago

Satya Nadella is the latest corporate chief to visit the president-elect before he takes office.
Ajeng Dinar Ulfiana/Reuters

US finance watchdog SEC faces potential dilemmas over Musk, crypto suits

A new lawsuit filed against Elon Musk Tuesday is one of the last actions the agency will take under Joe Biden, setting a potential challenge for the incoming Trump administration.

Key US inflation metric cools, in welcome news for markets

The cooling boosted expectations of an interest rate cut this year, leading US bond yields to slide.

Cleveland-Cliffs’ Goncalves says he has money lined up for US Steel bid

Bank commitments add teeth to his year-long effort to bust up the company’s sale to Japan’s Nippon.

China reports record global trade surplus as threat of Trump tariffs looms

US President-elect Donald Trump has vowed to impose tariffs of as high as 60% on China.

China, UK resume economic talks after 6-year hiatus

Critics said the Labour government shouldn’t have prioritized outreach to Beijing over market turmoil at home.

US sanctions on Russian oil to hit China and India hard

China and India became the largest buyers of Russian crude after the European Union pulled back following the 2022 invasion of Ukraine.

Hershey, under pressure, to search for a new CEO

Michele Buck, CEO since 2017, is out after poor earnings, soaring commodity costs, and a spurned takeover bid from a rival that highlighted Hershey’s weaknesses.

The US jobs market roared to life in December

Nonfarm employment rose by 256,000, blowing past expectations.

Cost of LA wildfires mounting for insurers, likely to spur more exits

The fires could cost insurers as much as $20 billion in losses, JPMorgan said, more than double an earlier estimate.

China inflation figures spark worry

Sky-high debt, concerning levels of unemployment, and a flailing real-estate market have weighed on overall economic growth.

Canadian corporates breathe sigh of relief with Trudeau departure

The deeply unpopular outgoing prime minister had a fraught relationship with Canadian corporate leaders.

Rival Cleveland-Cliffs staying on the sidelines at US Steel, for now

CEO Lourenco Goncalves’ past interest in a deal is boosting US Steel’s stock price — but making it too expensive for him to buy.