🤖 Desk
Artificial Intelligence, Machine Learning, Deep Learning breakthroughs
India's foreign exchange reserves reached a new record high, providing the Reserve Bank of India with increased firepower. Exxon Mobil Corp. reported better-than-expected earnings, thanks to higher oil production and improved refining margins. Chevron Corp. plans to finance Venezuelan oil investments with cash from oil sales, rather than committing new capital to the country.
Read latest briefing →Desk archive
The US is set to import the most Venezuelan oil in a year after President Donald Trump's administration moved to control the country's energy supply amid political tensions. The European Central Bank will discuss interest rates for the first time in 2026. UK wind farms are expected to provide the most power in almost four years this month as more turbines and blustery conditions help the country pivot away from fossil fuels.
The US is set to import the largest volume of Venezuelan oil in a year. The Federal Reserve Bank of Atlanta's President Raphael Bostic suggested that the central bank should hold its rates due to current inflation levels. The National Stock Exchange of India Ltd. announced it had received clearance from the securities market regulator to initiate steps for an IPO.
US President Donald Trump threatened to impose a 50% tariff on Canadian jets. A Kenyan court case against Diageo's East Africa deal could delay the deal. South African stocks plunged the most since April due to a selloff across precious metals.
Starbucks CEO Brian Niccol spoke on Bloomberg's "Open Interest" Wasif Latif, president of Sarmaya Partners, discussed the potential impact of energy markets on commodities like gold and silver.
As AI technology advances, the boundaries between reality and fiction are becoming increasingly blurred. From deepfakes of real women to AI-generated videos used by government agencies, the potential for misuse is vast. Meanwhile, researchers are sounding the alarm about the risks of agentic AI, which can be manipulated by hackers and used for malicious purposes.
Starbucks has been under scrutiny due to increasing competition and ongoing supply chain disruptions causing higher costs. Starbucks' commitment to keeping price increases minimal sets it apart from some competitors, who have announced more substantial price hikes.
JPMorgan Chase & Co. has commenced the sale of a substantial chunk of debt from the highly anticipated $20 billion financing supporting Electronic Arts Inc.'s (EA) leveraged buyout. This move comes following the successful completion of the acquisition.
Republican Senator Thom Tillis has announced his intent to block Kevin Warsh's nomination to become the next chairman of the Federal Reserve. Tillis cited an ongoing criminal investigation into renovations at the Federal Federal Reserve Building in Washington D.C. as the reason for his decision.
German officials are advocating for the EU to abandon its gas storage targets upon their expiration in 2027. Instead, they want to adopt a new strategic reserve system. This new system would be managed by individual EU member states.
The Dow Jones Industrial Average dropped 215 points, or 0.8%, to 24,424. The S&P 500 declined 23 points,or 0.9%, to 2,661. The tech-heavy Nasdaq Composite lost 76 points,. or 1%, to 7,119.
Republican Senator Thom Tillis of North Carolina has stated that the nomination of Kevin Warsh to lead the Federal Reserve does not alter his position on the criminal investigation into current Chair Jerome Powell. The investigation, which Tillis considers "frivolous," must come to an end before he approves any nominee for the Fed's top position.
The US producer price index (PPI) climbed 0.5% in December, up from 0.2% in November. The advance was driven primarily by a surge in the costs of services, which experienced a 0.6% monthly increase. Economists had anticipated a more moderate gain of 0.3%.
The opening weeks of 2026 brought an unexpected twist to the oil market, with prices soaring above expectations. This new trend was set in motion by a series of geopolitical tensions and supply disruptions. Some analysts remain skeptical about the sustainability of the current price trend.
Kevin Warsh, a former Federal Reserve governor, is the nominee to be the next chair of the Federal Reserve. The news sent shockwaves through financial markets, with gold prices experiencing a significant sell-off as a result. The US dollar, meanwhile, climbed in value, with the Bloomberg dollar index rising against all major peers.
President Donald Trump announced his intention to nominate Kevin Warsh as the next chair of the Federal Reserve. The announcement drew criticism from an economist who believed Trump had better choices. Meanwhile, Colgate-Palmolive reported stronger-than-expected sales growth in the fourth quarter, thanks to a rebound in Latin America.
President Donald Trump nominated former Federal Reserve governor Kevin Warsh as his pick for the central bank's chair. Warsh is known for his hawkish stance on monetary policy. Meanwhile, travel booking platform GetYourGuide reported €1B in revenue and profitability.
Kevin Warsh is a former governor of the Federal Reserve. He has been nominated by President Donald Trump to be the next chair of the central bank. Warsh's career in finance spans over two decades, including his tenure at the Federal Fed. He was known for his skepticism towards the use of quantitative easing and low-interest rates.
Investors are diversifying their portfolios away from the United States due to growing uncertainty. European markets offer a more stable environment for investors. The shift in investor behavior could have significant implications for the European markets.
The Africa Club is a group of multilateral financial institutions in Africa. The alliance has set up an early-warning network for debt distress. The network uses a range of data and analysis tools to identify potential distress.
MSCI's warning to downgrade Indonesia to a frontier market caused a stock market rout. Investors seeking high yields on debt are driving gains in the naira against the dollar. The Central Bank of Nigeria is expected to cut interest rates, making Nigerian debt less attractive.
President Donald Trump is preparing to announce his pick for the next chair of the Federal Reserve on Friday morning. Sources familiar with the matter indicate that Kevin Warsh is the frontrunner for the position. Warsh, a former member of the Fed Board of Governors, has been a vocal critic of low-interest rate policy.
Pakistan is in talks with the International Monetary Fund over a plan to boost economic growth. Chinese energy drink maker Eastroc Beverage Group has raised HK$10.1 billion ($1.3 billion) through its Hong Kong share sale. Cocoa prices fell below $4,000 per metric ton for the first time since 2023.
The aerospace and defense industry is experiencing an unprecedented surge in IPO activity. Investors are seeking to diversify away from the US, which they now view as an increasingly uncertain environment. Silver prices experienced a sharp decline, with the precious metal falling below the $100 per ounce mark. This came in the wake of a report suggesting that the Trump administration is planning to nominate Kevin Warsh for the position of Federal Reserve chair.