Category: business
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US Stock Futures Cautious Ahead of Key Jobs Report and Supreme Court Tariff Ruling
US Stock Futures Muted Ahead of Market-Moving Events U.S. stock index futures traded cautiously on Friday, with investors refraining from significant bets ahead of two major market catalysts: the December nonfarm payrolls report and a Supreme Court ruling on President Donald Trump’s tariffs. At 5:36 a.m. ET, Dow E-minis were up 9 points, or 0.02%,
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OpenAI Launches ChatGPT Health to Analyze Medical Records, Raising Privacy Concerns
OpenAI Introduces ChatGPT Health OpenAI has launched a new feature in the United States called ChatGPT Health, which allows users to share their medical records and health app data for more personalized health insights. The tool can analyze information from apps such as Apple Health, Peloton, and MyFitnessPal, as well as official medical records, to
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OpenAI Allocates $50 Billion for Employee Stock Grant Pool Amidst Skyrocketing Valuation
OpenAI, the pioneering artificial intelligence (AI) research and deployment company, has reportedly set aside a massive $50 billion employee stock grant pool, representing roughly 10% of the company, according to a report by The Information on Wednesday. The move underscores OpenAI’s commitment to incentivizing its employees while navigating a rapidly growing valuation. The report cites
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AI and Defense to Drive 50% Increase in Global Copper Demand by 2040, S&P Global Warns
January 8, 2026 – The global demand for copper is expected to surge by 50% by 2040, fueled by the growth of artificial intelligence (AI), defense, and robotics industries, according to a new report from S&P Global (SPGI). However, the consultancy warns that global copper supplies may fall short by over 10 million metric tons
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China to Investigate Meta’s Acquisition of AI Startup Manus
Beijing, January 8, 2026 – China’s Ministry of Commerce announced that it will assess and investigate Meta Platforms Inc.’s acquisition of artificial intelligence (AI) startup Manus, highlighting increasing regulatory scrutiny over foreign technology investments in the country. Background of the Acquisition Meta, the parent company of Facebook and Instagram, recently acquired Manus, a startup specializing
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India Defends Global Turnover-Based Antitrust Penalty Law in Legal Battle with Apple
In a high-profile legal dispute, India’s Competition Commission (CCI) has defended a 2024 law allowing fines on the basis of a company’s global turnover, pushing back against Apple Inc.’s challenge in New Delhi. The case has far-reaching implications for multinational corporations operating in India, including global giants like Amazon, Publicis, and Pernod Ricard. What the
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Bank of America Accused by SEBI of Insider Trading Violations in 2024 ABSL AMC Deal
In a significant development in India’s financial regulatory landscape, Bank of America (BofA) has been accused by the Securities and Exchange Board of India (SEBI) of violating insider trading regulations and breaching internal “Chinese walls” during a 2024 share sale of Aditya Birla Sun Life Asset Management (ABSL AMC). The allegations stem from SEBI’s investigation
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JPMorgan Chase to Replace Goldman Sachs as Apple Card Issuer: A Major Shift in Consumer Banking
In a landmark move in the U.S. financial sector, JPMorgan Chase (JPM) and Apple Inc. (AAPL) announced on January 7, 2026, a strategic partnership that will see JPMorgan Chase become the new issuer of the Apple Card, taking over from Goldman Sachs (GS). This transition marks a significant expansion for JPMorgan’s credit card portfolio and
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HSBC to Pay $312 Million to Settle Dividend Tax Fraud Case in France
London-based banking giant HSBC has agreed to pay €267.5 million ($312.33 million) to the French Treasury to resolve a legal case related to fraudulent dividend tax payments, according to a statement from the French financial prosecutor’s office on Thursday. Details of the Settlement The settlement concludes an investigation into HSBC’s tax compliance practices concerning dividends
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U.S. Stock Futures Edge Lower as Defense Shares Rally on Trump’s $1.5 Trillion Budget Proposal
U.S. Stock Futures Edge Lower as Defense Shares Rally on Trump’s $1.5 Trillion Budget ProposalU.S. stock index futures moved cautiously lower on Thursday as investors positioned themselves ahead of Friday’s highly anticipated nonfarm payrolls report, while defense companies climbed sharply on expectations of robust government spending following President Donald Trump’s proposal for an expanded military budget
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