business News

Oil Prices Supported by Geopolitical Tensions - The Wall Street Journal

Starbucks doesn’t want to be on every street in New York and Los Angeles anymore - CNN

Starbucks spent years trying to become an inescapable storefront on the streets of New York, Los Angeles and other big cities in America. Now that’s coming to an end.

10-year Treasury yield dips as investors assess interest rate outlook for 2026 - CNBC

The moves come as traders digest the latest economic data and assess the Federal Reserve's monetary rate path.

No one's happier about calls for a 'backseat Fed' than Fed insiders who were targeted by the White House this year - Fortune

After a year of noise from the White House directed at independent federal agencies, a diversion of Trump's attention can't come soon enough.

Luxury goods were once built to last. Now, some fall apart as easily as fast fashion - CNN

A growing number of shoppers are questioning the value of luxury goods, as videos criticizing the poor quality of high-end products go viral.

China signals tolerance for stronger renminbi - Financial Times

Central bank fixes currency at highest level against dollar in 15 months

European defense stocks slide amid Ukraine peace talks; Leonardo falls 4%, Rheinmetall slips 2% - CNBC

European stocks start the last trading week of the year in flat territory.

Payment giants are preparing for a world where AI agents book flights and shop for you - CNBC

Major payment and tech companies are racing to build the infrastructure to enable agentic commerce, a trend they expect will transform global shopping.

From data center spas to servers in space: How the energy crunch is reshaping cloud computing - CNBC

Data centre developers and designers are starting to get creative.

Copper prices rise by most in over a decade - Financial Times

Analysts expect demand for industrial metal to outstrip mined supply by 2030s

Trump-linked crypto venture retains auditor with chequered history - Financial Times

Alt5 Sigma’s accounting firm lacks licence and has failed an inspection under industry’s peer review process

China sets yuan fixing rate at 15-month high amid offshore gains - South China Morning Post

The move follows offshore yuan briefly breaching seven-per-US-dollar mark, with analysts citing dollar weakness, seasonal factors for rally.

PG&E power outage impacts thousands in San Francisco's Golden Gate Park, Richmond areas - CBS News

Another power outage in San Francisco has left thousands of Pacific Gas and Electric customers in the dark Sunday night.

End of newspaper JOA heralds new era of competition in Detroit - The Detroit News

Dave Hunke: 'Good journalism, in the end, I swear it will win. I just wish somebody could find a way to unlock the economics.'

American Airlines announces significant changes to operations at DFW Airport to "improve passenger experience" - CBS News

The airline said the moves are designed to improve the passenger experience at the carrier's largest hub.

Sneaker retailer files Chapter 11, closes most of its stores - thestreet.com

The chain shutters the majority of its locations after taking on unsustainable debt, highlighting the challenges in the sneaker market.

Sauron, the high-end home security startup for “super premium” customers, plucks a new CEO out of Sonos - Yahoo Finance

Sauron is appearing on the scene as concerns rise about crime among the most wealthy.

Asian stocks rise, precious metals hit records on Fed rate cut bets By Reuters - Investing.com

Stocks head for year-end record on Fed rate cut bets

Wall St futures muted after strong week; markets in holiday mode - Investing.com

South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach - CNBC

The company said in a statement Monday local time that it planned to provide customers with purchase vouchers totaling 50,000 won for various Coupang services.