S&P 500 eyes 7,000 mark as investors look for upbeat end to strong 2025

In Today’s News

Russia likely placing new hypersonic missiles at former airbase in Belarus, researchers find

WASHINGTON, Dec 26 (Reuters) – Moscow is likely stationing new nuclear-capable hypersonic ballistic missiles at a former airbase in eastern Belarus, a development that could bolster Russia’s ability to deliver missiles across Europe, two U.S. researchers have found by studying satellite imagery.The resea …

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New York to require social media platforms to display mental health warnings

Dec 26 (Reuters) – Social media platforms with infinite scrolling, auto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users’ mental health under a new law, New York Governor Kathy Hochul announced on Friday.”Keeping New Yorkers safe has been my …

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Featured Article

Apple’s Cook doubles Nike stake, endorses CEO Hill’s turnaround push

Dec 24 (Reuters) – Apple chief Tim Cook bought shares worth about $3 million in Nike, a move that nearly doubled his personal stake in the sportswear maker and signaled confidence in the turnaround strategy laid out by CEO Elliott Hill.Shares of the company closed 4.6% higher on Wednesday after a regulatory f …

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Other Headlines

Insight-‘Not a happy Trump supporter’: Cattle ranchers hit by push for lower beef prices

Fifty-five years later, after surviving bouts of extreme weather, changing consumer tastes and global trade disruptions, the Westside, Iowa, farmer faces an unexpected risk from the man he backed for U.S. president: Donald Trump.Facing intense frustration from voters over rising everyday costs, Trump declared …

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S&P 500 eyes 7,000 mark as investors look for upbeat end to strong 2025

Major U.S. indexes were on course to end December higher after stocks shook off turbulence earlier in the month driven by weakness in technology shares over worries tied to spending on artificial intelligence. The S&P 500 posted a record close on Wednesday, ahead of the Christmas holiday on Thursday, and w …

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Target faces activist investor pressure amid sales decline, FT reports

Dec 26 (Reuters) – Activist investor Toms Capital Investment Management (TCIM) has made a significant investment in Target, the Financial Times reported on Friday, intensifying pressure on the struggling retailer after years of lagging performance compared with its rivals.The size of the stake was not disclos …

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China hits US defence firms with sanctions over arms sales to Taiwan

The measures freeze any assets the companies and individuals hold in China and bar domestic organisations and individuals from doing business with them, the ministry said.Individuals on the list, including the founder of defence firm Anduril Industries and nine senior executives from the sanctioned firms, are …

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Nvidia, joining Big Tech deal spree, to license Groq technology, hire executives

By Stephen NellisDec 24 (Reuters) – Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday.The deal follows a familiar pattern in recent years where the world’s biggest technology firms pay large sums in deals …

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