Companies & Markets
Six banks seen reaping US$157 billion on Trump’s return
Some banks have already telegraphed the boost from deal flow
Walmart to join Nasdaq 100 on Jan 20 as AstraZeneca exits
The retailer has recently increased its use of AI across internal operations
FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites
The agency is also allowing the company to upgrade the satellites and operate across five frequencies
Amazon has big hopes for wearable AI – starting with this US$50 gadget
Bee’s device can be worn on the wrist or clipped to a shirt
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Stellantis scraps US plug-in hybrid sales, citing weak demand
The automaker’s pullback comes as Detroit carmakers reassess electric-vehicle spending amid policy changes under US President Donald Trump
Rio-Glencore deal closer than ever with premium and CEO in focus
The idea of a combination of the two companies has been discussed several times over more than a decade
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms
Trump calls for one-year cap on credit card interest rates at 10%
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed
Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips
Chevron could see US$700 million-a-year boost from Venezuelan oil
The country is an attractive long-term opportunity for Big Oil
