China consumption shows ‘no sign’ of a strong V-shaped recovery, McKinsey says
China’s consumer isn’t going to be spending big anytime soon, which means companies need to be more strategic to tap the massive market, according to McKinsey.
OpenAI tender offer is on track for January despite leadership fracas, sources say
A round which would value OpenAI at around $86 billion is back on track after Sam Altman returned to the company, offering employees a chance at liquidity.
Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs
The lawsuits come as Novo Nordisk grapples with shortages of Wegovy and Ozempic in the U.S. due to skyrocketing demand.
Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison
Coinbase’s stock had its second-best month since the company’s public market debut, and analysts attribute much of the rally to Binance’s retreat
Mars, accused of using child labor in its supply chain, says it aims to end the practice
Children in Ghana are harvesting cocoa used in Mars’ M&M’s and Snickers, according to a CBS News report.
Google could delete your old Gmail account as soon as Friday
Google accounts that haven’t been used in the last two years will be deleted under the company’s new inactive account policy.
November’s rally has set the 60/40 portfolio on track for its best month since 2020
Keeping diversified and staying the course can pay off.
Brazil set to join the influential OPEC+ oil producers’ alliance
South American producer Brazil will join the influential OPEC+ oil producers’ alliance starting in January.
Trump gag order in fraud case reinstated by New York appeals court
A New York appeals court reinstated a gag order on Donald Trump in his civil fraud trial before Judge Arthur Engoron set closing arguments for mid-January.
Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy
The OPEC+ alliance had already instituted a 2 million-barrels-per-day cut in place until the end of 2024.
