Danish Pension Fund AkademikerPension to Exit US Treasuries
US Treasury dataset on “Long-Term Securities Held by Foreign Residents” (Bloomberg) — The Danish pension fund AkademikerPension is…
China’s $1.2 Trillion Windfall Quietly Seeps Into Global Markets
(Bloomberg) — A record trade surplus racked up by China is washing up around the world, as export…
OpenAI, Microsoft Lose Last Chance to Avoid Trial With Musk
Photographer: Stefani Reynolds/Bloomberg (Bloomberg) — OpenAI Inc. and Microsoft failed to escape a trial over Elon Musk’s claims…
TSMC’s Strong Outlook Fires Up Hopes of Sustained AI Boom
Bloomberg, company filings (Bloomberg) — Taiwan Semiconductor Manufacturing Co. is earmarking as much as $56 billion in capital…
China’s Coal Imports Fall Sharply as Domestic Output and Renewables Rise
China’s coal imports booked a decline last year, at 9.6% from 2024 to a total of 490 million…
Caterpillar Briefly Tops $300 Billion Valuation on AI Rally
Photographer: Bridget Bennett/Bloomberg (Bloomberg) — Caterpillar Inc. shares extended a turbocharged rally fueled by bets on the industrial…
Meta Begins Job Cuts as It Shifts From Metaverse to AI Devices
Photographer: David Paul Morris/Bloomberg (Bloomberg) — Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company’s…
Investor Michael Burry Reveals Options Bet Against Oracle
Photographer: Jim Spellman/WireImage (Bloomberg) — Michael Burry, the famed investor who has drawn attention in recent months for…
Experts believe Washington ‘must break its promise on Social Security’ to protect it from ‘imminent insolvency’
Social Security’s retirement trust fund is projected to run out of money by 2033, with the disability trust…
The World’s Copper Squeeze Is Set to Intensify on AI and Defense Spending, S&P Says
(Bloomberg) — The race for artificial intelligence and surging defense spending are set to intensify a projected shortage…
Samsung’s Profit Triples After AI Supercharges Memory Market
(Bloomberg) — Samsung Electronics Co.’s quarterly profit more than tripled to a record high after global demand for…
US Factory Malaise Continues as Gauge Drops to One-Year Low
(Bloomberg) — US manufacturing activity shrank in December by the most since 2024, capping a rough year for…