January 7, 2025

Business

  • WSJ Business
  • WSJ Markets
U.S. Steel, Nippon Steel Challenge Biden Decision to Kill $14.1 Billion Deal
The companies accuse the president, head of steelworkers union and Cleveland-Cliffs CEO of teaming up to block the transaction.
Disney and FuboTV to Merge Live TV Streaming Services
The deal would combine Hulu + Live with Fubo and end litigation against the Venu Sports joint streaming service.
Financial Services Roundup: Market Talk
Find insight on TruFin, Experian and more in the latest Market Talks covering Financial Services.
Data Centers Need to Look Beyond Green Energy, Siemens Says
Operators must find an alternative solution to the AI energy-consumption conundrum, Siemens’s Smart Infrastructure CEO said.
The Challenge for Made-in-America Bikes? Made-in-China Parts
Two and a half years after Guardian Bikes opened a factory in Indiana, it is trying to find components manufactured in the U.S.
Energy & Utilities Roundup: Market Talk
Find insight on JSW Energy , CSE Global and more in the latest Market Talks covering Energy and Utilities.
ArcelorMittal's South Africa Business to Wind Down Long-Steel Production
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.
Amazon's Prime Video Acquires Melania Trump Film
The project is expected to be released in the second half of this year.
There's a Traffic Jam Forming at U.S. Rocket Launchpads
The nation’s busiest spaceports are fielding record demand, spurring new efforts to develop launch sites in landlocked states and even at sea.
Forklifts Hurt Thousands of Workers Each Year. Factories Are Seeking Alternatives.
Companies say the demand for autonomous versions is growing.
Chinese Shares End Higher; Semiconductor and Tech Stocks Lead Gains
Chinese benchmark indexes closed higher, led by semiconductor and technology stocks, as investors awaited more details on the nation’s trade-in subsidies program expected Wednesday, as part of the government’s efforts to boost consumption.
Government Bond Supply Wave in Eurozone Likely to Push Yields Higher
The upward pressure on eurozone government bonds yields should continue during the day’s supply wave, but the pace is likely to slow further, Commerzbank Research said.
Base Metals Prices May Diverge in Months Ahead
There’s a mixed picture for base metals in the months ahead, according to Morgan Stanley, which sees upside to copper and zinc, is more neutral on nickel and aluminum, and cautious on lead.
Singapore Dollar Likely to Weaken on Potentially Higher U.S. Tariffs
The Singapore dollar could weaken to 1.3800 per U.S. dollar in 1Q on potentially higher U.S. tariffs, MUFG Bank said.
Oil Falls on Likely Technical Correction
Oil fell amid a likely ongoing technical correction. Prices finished lower overnight after posting five straight session gains.
Trump Tariff Risks, Not Trudeau, Driving Canada Dollar Trading
TD Securities said it remains bearish on the Canadian dollar, even with the pending departure of PM Justin Trudeau from office.
Basic Materials Roundup: Market Talk
Gain insight on gold prices, Canada’s economy and more in the latest Market Talks covering Basic Materials.
Fed Vice Chair Michael Barr to Step Down
The Federal Reserve’s top banking regulator said he would step down from his position, but will stay on as a Fed governor.
Chip Stocks Boost Nasdaq; S&P 500 Also Rallies
The Nasdaq rose, boosted by strong earnings of a key assembler of Nvidia and Apple products. The Dow industrials gave back early gains to close down.
U.S. Natural Gas Rebounds as Lasting Cold Weather Seen
U.S. natural gas futures bounced back from Friday’s losses as strong weather-driven demand is seen extending well beyond mid-January, and LNG exports remain buoyant.

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