Business news
- Palantir beats fourth-quarter estimates on the strength of AI and defense demand - Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.
- Elon Musk's SpaceX reportedly combining with xAI ahead of potential IPO - Musk is combining rocket maker SpaceX with his AI startup, xAI, according to reporting from Bloomberg, which cited people familiar with the matter.
- New York AG issues warning around prediction markets ahead of Super Bowl - New York Attorney General Letitia James is cautioning all New Yorkers about placing trades on prediction markets ahead of the Super Bowl.
- Friday's jobs report will be delayed because of the partial government shutdown - Following last year's record shutdown, the BLS also was forced to delay a number of its releases.
- Trump says U.S. and India reached trade deal, will lower tariffs immediately - The U.S. and India have reached a trade deal, President Donald Trump announced.
- Disney signals its next CEO will take over a company with strong momentum - Disney CEO Bob Iger touted the company's growth in its last three years as the company prepares to announce his successor.
- Strategy slides after bitcoin briefly dips below crypto firm's key breakeven level - Bitcoin fell as low as about $74,500 early Monday, dipping below Strategy's average purchase price of $76,052 per token.
- Nvidia shares are down 2% after a report that its OpenAI investment stalled. Here's what's happening - Nvidia's Jensen Huang criticized OpenAI's business strategy as the chip giant plans to invest up to $100 billion into the AI startup, per reports.
- Disney beats Wall Street expectations propelled by theme parks and streaming - In the background of Disney's earnings report on Monday is the question of who will be named the successor to CEO Bob Iger.
- Bitcoin is under pressure after a brutal week. Here's why - Cryptocurrency markets fell as global equities and precious metals sold off while bitcoin liquidations exacerbated downside moves.