BUSINESS

Asian Markets Drift Lower As US Jobs Data Looms

The pound has come under pressure against the dollar amid worries about the UK economy
Markets have started the year cautiously, with the optimism that characterized most of the past three months dented by concerns about Donald Trump's presidency and the US central bank's hawkish pivot on monetary policy.
Even as Trump ally Elon Musk goaded European leaders, the European Commission -- the EU's digital watchdog -- has tried to stay out of the fray

US Tech Titans Ramp Up Pressure On EU

Barely two weeks before Trump's return to the White House, Zuckerberg dropped a bombshell Tuesday by pulling the plug on fact-checking at Facebook and Instagram in the United States -- and indicated changes could be coming to Europe too.
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Four years ago, Donald Trump was kicked off Facebook -- this time around, Meta's policies are more likely to please conservatives

Big Tech Rolls Out The Red Carpet For Trump

Facebook parent Meta's move into fact-checking came in the wake of Trump's shock election in 2016, which critics said was enabled by rampant disinformation on Facebook and interference by foreign actors, including Russia, on the platform.
Samsung Electronics said it expected fourth-quarter profits to be sharply down from the previous quarter

Samsung Warns Fourth-quarter Profit To Miss Forecasts

The announcement comes after the world's largest memory-chip maker issued a rare apology in October acknowledging it was facing a "crisis" and that questions had arisen about its "fundamental technological competitiveness and the future of the company"
Consumer prices picked up to 2.4 percent in December, in line with forecasts by analysts

Eurozone Inflation Picks Up In December

Consumer prices picked up to 2.4 percent last month, as predicted by analysts for Bloomberg and financial data firm FactSet, and up from 2.2 percent in November.
McDonald's is the latest US organization to rethink its diversity practices following a Supreme Court ruling that reversed affirmitive action in university admissions

McDonald's Rolls Back Some Of Its Diversity Practices

The fast-food giant's announced changes include no longer asking suppliers to commit to certain diversity, equity and inclusion (DEI) targets, withdrawing from external surveys that gauge corporate diversity, and changing the name of its diversity committee.
Brad Garlinghouse

Ripple Is Ready For Trump's Made-In-America Crypto Era: Brad Garlinghouse

Donald Trump's election was widely embraced by the crypto space, and one of the apparent beneficiaries of the President-elect's upcoming re-entry into the White House is Ripple, which overcame a four-year legal struggle with the SEC and is now ready to make crypto great again in its home turf.
Asian markets mostly got the week off to a healthy start, though traders struggled to match the strong lead from Wall Street

Stock Markets Diverge As Traders Eye Trump 2.0

Concerns about China's stuttering economy, the outlook for US interest rates and the wars in Ukraine and the Middle East were causing a sense of uncertainty ahead of Trump's return to the White House on January 20.

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