Finance

Bessent Gives Rare Verbal Support to Korean Won, Sparking Rally

Bessent Gives Rare Verbal Support to Korean Won, Sparking Rally

Photographer: Ben Brewer/Bloomberg (Bloomberg) — Treasury Secretary Scott Bessent called out excessive declines in South Korea’s won on Wednesday, offering rare verbal support to the cu...

Read More
Oracle sued by bondholders over losses tied to AI buildout

Oracle sued by bondholders over losses tied to AI buildout

NEW YORK, Jan 14 (Reuters) – Oracle (ORCL)was ​sued on Wednesday ‌by bondholders who say they ‌suffered losses because the company led by billionaire Larry Ellison ⁠failed ‌to disclose it ne...

Read More
China’s car exports surged in 2026, but domestic demand slowed

China’s car exports surged in 2026, but domestic demand slowed

HONG KONG (AP) — China’s auto exports surged 21% in 2025, driven by rising shipments of electric vehicles, as domestic demand continued to slow, an industry association said Wednesday. As Chinese ...

Read More
What Big Oil wants in Venezuela

What Big Oil wants in Venezuela

WASHINGTON — American Petroleum Institute President Mike Sommers laid out the next 10 years of U.S. oil as a “demand decade” that oil companies are equipped to meet. The continuing U.S. interventi...

Read More
Delta beats on Q4 earnings, sees more growth due to its ‘K-shaped’ higher-end customers

Delta beats on Q4 earnings, sees more growth due to its ‘K-shaped’ higher-end customers

Delta Air Lines (DAL) posted upbeat fourth quarter results Tuesday morning, saying growth in the premium business, and lack of certain headwinds, would propel its business forward in 2026. For the...

Read More
Gold Steadies After Surging on Worries Over Fed Independence

Gold Steadies After Surging on Worries Over Fed Independence

Bloomberg (Bloomberg) — Gold steadied after surging on Monday on worries over the Federal Reserve’s independence after the Trump administration threatened Chair Jerome Powell with a cri...

Read More