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China's ByteDance agrees deal to hand control of TikTok US app to new joint venture
ByteDance retains 19.9% stake in new joint ventureOracle, Silver Lake, MGX among the major investorsDeal aims to address national security concerns, ensures US data protection, TikTok saysBy David Shepardson WASHINGTON/HONG KONG, Dec 19 (Reuters) - TikTok's Chinese owner, ByteDance, on Thursd...Reuters
37 minutes ago
Japan holds economic view steady in monthly report
TOKYO, Dec 19 (Reuters) - The Japanese government revised down its view on public investment but largely kept its overall outlook on the economy intact in a monthly report published on Friday.In its monthly economic assessment, the government reiterated a cautiously optimistic view that the worldReuters
3 hours ago
US launches review of advanced Nvidia AI chip sales to China, sources say
Trump administration move could pave way for Nvidia H200 chip sales to ChinaCommerce Department sends license applications for interagency reviewConcerns remain over chips boosting China's military and AI capabilitiesBy Alexandra Alper WASHINGTON, Dec 18 (Reuters) - U.S. President Donald Trum...Reuters
4 hours ago
Nike’s China conundrum deepens as turnaround stagnates
Nike's China sales decline for sixth consecutive quarterCEO Hill admits need to reset China strategyCompetition from domestic brands Anta and Li-Ning intensifiesNike's stock down 13% this year, facing fourth consecutive annual declineBy Nicholas P. Brown and Juveria Tabassum Dec 18 (Reute...
Reuters
5 hours ago
Japan's 10-year bond yield hits 1999 high as BOJ hikes rates; tech leads Nikkei rally
TOKYO, Dec 19 (Reuters) - Japan's 10-year government bond yield jumped to a 26-year peak on Friday after the Bank of Japan raised interest rates to a three-decade high and signalled more policy tightening.The Nikkei share average .N225 rose, led by gains in artificial intell...Reuters
5 hours ago
Yen slips after BOJ raises rates in widely anticipated move
BOJ raises rates as expected, yen easesFocus turns to BOJ Governor Ueda's press conference at 0630 GMTEuro under pressure on lack of ECB outlookBoE cut much closer run than market expected; sterling steadyBy Tom Westbrook SINGAPORE, Dec 19 (Reuters) - The yen fell slightly on Friday after the...
Reuters
5 hours ago
Are Bears Still in Control? Bitcoin’s (BTC) Shows Downside Signals Despite Fresh Inflows
Bitcoin’s (BTC) price action has entered a conflicted phase, with renewed institutional inflows clashing against clear signs of market stress. After peaking above $126,000 earlier this year, the world’s largest crypto has retreated sharply and is now trading more than 30% below its all-time high.Bitcoinist
10 hours ago
Elon Musk’s NASA chief ally says SpaceX rival Blue Origin might be picked for US lunar project Artemis
NASA’s new boss Jared Isaacman walked into the job on Thursday and wasted no time shaking both SpaceX and Blue Origin, saying the agency will choose the company that builds a working moon lander first.Cryptopolitan
10 hours ago
TikTok Says It Signed Agreements for New US Joint Venture, Bloomberg Reports
TikTok Chief Executive Officer Shou Chew told employees that the social media company and its parent, ByteDance Ltd., signed binding agreements to create a US joint venture majority-owned by American investors.Tiger News
10 hours ago
Meta's Mark Zuck announces new AI model Mango to compete with Sundar Google, Sam OpenAI
Mark Zuckerberg is pushing Meta straight back into the AI fight with Mango, a new image and video model that sits beside Meta’s next text model, Avocado, all built to take on Google’s new Gemini tools and OpenAI’s image systems. Meta wants both models in the first half of 2026, according to Alexandr Wang, the […]Cryptopolitan
10 hours ago
White House czar says crypto CLARITY Act set for Senate markup in January
The White House’s chief crypto and artificial intelligence policy official says that the Digital Asset Market Clarity (CLARITY) Act — historic legislation intended to clarify the regulatory authority applicable to digital assets — is slated for Senate markup early next year, representing a significaCryptopolitan
10 hours ago
Nike fails to contain margin bleed amid tariffs, turnaround, as shares fall
Nike NKE.N on Thursday reported a drop in gross margins for the second consecutive quarter, as poor sales in China and efforts to reset its product mix continued to vex the struggling sportswear giant, sending shares down 10%.Reuters
10 hours ago
Oil prices settle slightly higher as market assesses mounting supply risks
US preparing more Russian energy sanctions in case Moscow rejects peace deal, Bloomberg reportsVenezuela's state-run oil firm resumes loading after cyberattack, most exports on hold Enforcement of Trump's blockade of tankers under sanctions unclearBy Arathy Somasekhar ...Reuters
14 hours ago
METALS-Copper steady after soft US inflation data in quiet trade
Dec 18 (Reuters) - Copper struggled to find direction on Thursday as a soft inflation reading in the United States was offset by a slightly firmer dollar, while traders trimmed their exposure ahead of the Christmas holiday.Benchmark three-month copper on the London Metal Exchange CMCU3 was little ch...Reuters
17 hours ago
Wheat holds near 8-week lows after China cancels purchases from US
CANBERRA, Dec 18 (Reuters) - Chicago wheat futures found their footing on Thursday but remained near eight-week lows after China cancelled purchases from the U.S. and as large harvests in Argentina and Australia poured new grain into a well-supplied market.Soybean futures were flat after falling onReuters
23 hours ago
British stocks rise as investors await Bank of England rate cut
FTSE 100 up 0.3%; FTSE 250 up 0.36%Investors await BoE rate cut amid cooling inflation FTSE 350 retailers lead gains; Currys up 10.7% Dec 18 (Reuters) - London stocks extended gains on Thursday, as investors anticipated a Bank of England interest rate cut later in the day amid a sharp slowdown inReuters
23 hours ago
