Tata Steel to close UK blast furnaces with loss of up to 2,800 jobs
The closures will result in up to 2,800 workers potentially losing their jobs.
S&P 500 rallies 1% to all-time high, surpassing previous record set in 2022: Live updates
The major averages rose Friday, as the S&P 500 traded around the 4,800 level to break its previous record intraday high.
Grim retail sales suggest possible recession for Britain
Sales volumes fell by 3.2% in December, after a poll by Reuters suggested a fall of just 0.5%.
Grayscale CEO says most of the 11 approved bitcoin ETFs won’t survive, defends highest fees in industry
He defended the Grayscale Bitcoin Trust ETF’s 1.5% fee. Most of the approved ETFs have fees of between 0.2% and 0.4%.
European stocks close slightly lower as Davos draws to close; UK retail sales drop
European stock markets closed slightly lower Friday, erasing gains through the morning and previous session.
CNBC Daily Open: Markets in the green, Davos in full swing
The week is wrapping up on a brighter note as U.S. markets snap losing streaks, while across the Atlantic headlines from Davos grab attention.
Amazon’s AWS to invest $15 billion to expand cloud computing in Japan
Amazon Web Services said it plans to invest $15.24 billion in Japan by 2027 to expand cloud computing infrastructure that serves as a backbone for AI services.
OpenAI’s Altman says U.S. and AI will be ‘fine’ no matter who wins White House after Trump’s Iowa landslide
OpenAI CEO Sam Altman said he believes America and AI are both going to be ‘fine’ regardless of the outcome of this year’s presidential election.
China’s working age population is shrinking
China’s working age population is shrinking as a share of the total number of people in the country, according to official data.
Taiwan leads gains in Asia markets; Japan December inflation at its lowest since June 2022
Japan’s December headline inflation rate hit its lowest level since June 2022, cooling to 2.6% from 2.8% in November.
