Business news
- Macy’s posts strongest growth in more than 3 years, but strikes cautious note on holidays - RetailMacyâs posts strongest growth in more than 3 years, but strikes cautious note on holidaysPublished Wed, Dec 3 20256:57 AM ESTMelissa Repko@in/melissa-re
- Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
- India is set to host Russia's Putin, deepening trade ties, unfazed by punitive U.S. tariffs - The two countries are looking to strengthen trade ties and are likely to sign bilateral interdepartmental and business agreements during Putin's visit.
- iPhone 17 will drive record Apple shipments in 2025, IDC says - Apple will ship 247.4 million iPhones in 2025, up just over 6% year-on-year, research firm IDC forecast.
- Russia 'ready' for war with Europe, Putin says, as Ukraine peace talks fail to deliver breakthrough - Russian President Vladimir Putin doubled down on threats toward Europe ahead of peace talks with the U.S., saying Moscow was "ready" for war.
- CNBC's The China Connection newsletter: Three economic flashpoints for 2026 - China's top leaders are expected to discuss economic plans for the year ahead during an annual meeting next week.
- European stocks set for positive open as global markets push higher - European stocks are expected to open in positive territory on Wednesday as global markets move higher.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.
- Asia-Pacific markets rise after Wall Street's tech-fueled recovery - Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier.