Business news
- World's most vital oil chokepoint back in focus amid possible U.S. action against Iran - In an extreme escalation scenario, where tankers are unable to pass or energy infrastructure is damaged, oil prices could surge by double digits, said analysts.
- What a U.S. intervention in Iran could look like as Trump weighs options - President Donald Trump could seek to replicate the Venezuela shock tactic in Iran, but analysts are skeptical of effectiveness of such intervention.
- China's AI and robotics push isn't enough to kickstart its economy, leaving growth more exposed to trade risks - New tech sectors still account for a far smaller portion of China's economy than the gap left by the real estate slump.
- Japan plans to dissolve parliament with possible snap election in February: NHK - The snap election, if called in Feburary, would be just about five months into Takaichi's term as prime minister.
- Fed Chair Powell under criminal probe by federal prosecutors: Report - President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.
- Asia-Pacific markets set to open higher, tracking Wall Street gains on U.S. jobs data - Investors will be keeping an eye on oil prices as protests continue in Iran and U.S. President Donald Trump reportedly is weighing options to intervene.
- Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal - Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.
- Here are the 3 big things we're watching in the stock market in the week ahead - The new year on Wall Street officially kicks into high gear this week.
- Trump is weighing options against Iran: Reports - Iran has said it will retaliate if the U.S. intervenes amid political unrest in the Middle East country.
- ICE Minneapolis shooting: Noem calls Good's actions ‘domestic terrorism’ - Democrats have called for Homeland Security Secretary Kristi Noem to be impeached over the ICE shooting that killed a U.S. citizen.