Business news
- Google wraps up best year on Wall Street since 2009, beating megacap peers as AI story strengthens - Shares of Alphabet rallied in 2025 as the company responded to skepticism of its position in artificial intelligence with new products that excited investors.
- Trump’s first vetoes of his second term hit bipartisan infrastructure projects, draw accusations of retribution - Trump promised retribution after Colorado refused to release Tina Peters, who was convicted by a state court last year.
- Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026 - Markets and Fed officials themselves see only modest easing in the year ahead.
- Gold, silver prices fall after CME raises precious metals margins — again - The moves come at the end of a blockbuster year of annual gains for the precious metals.
- How $160 million worth of export-controlled Nvidia chips were allegedly smuggled into China - The scheme involved falsifying shipping documents to misclassify the GPUs and hide their true destinations, including China and other prohibited locations.
- Nike shares move higher on big insider purchases by CEO Elliott Hill, director Tim Cook after down year - The retailer's insiders picked up shares near the end of a rough year.
- Retail investors close out one of their best years ever. How they beat Wall Street at their own game - Mom-and-pop investors bought the dip at key points, giving them outsized benefits from the market's run this year.
- 'Big Short' investor Michael Burry says he's not shorting Tesla - In a social media post on X, the Scion Asset Management founder responded to a user asking if he would bet against Tesla by saying: "I am not short."
- Champagne sales surge at New Year — but labor abuses and tariffs have clouded the industry - Reports of human trafficking and the mistreatment of workers, and even several deaths during the 2023 harvest, provoked scandal around the Champagne industry.
- 10-year Treasury yield dips as investors await final economic data of 2025 - The U.S. 10-year Treasury was slightly lower on Wednesday as investors take stock ahead of the new year.