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Business

Broadcom stock is becoming Wall Street’s favourite AI trade for 2026: here’s why

Broadcom stock (NASDAQ: AVGO) has emerged as a rare consensus pick among major Wall Street houses for 2026. Bank of America, JPMorgan, and Jefferies all point to custom AI chips and high-speed networking as the company’s growth runway. The semiconductor giant sits at an inflection point as hyperscalers shift away from pure GPU dependence toward

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Business

Bank of Japan set for landmark rate hike in 30 years; markets to focus on BoJ’s comments

Japan’s central bank on Thursday began its final policy meeting of the year, with investors widely expecting a landmark interest rate increase that would take borrowing costs to their highest level in three decades. The Bank of Japan’s decision, due on Friday, is seen as another step in its long-awaited shift away from ultra-loose monetary

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US CPI comes in below forecasts, boosting hopes of faster Federal Reserve rate cuts

Consumer prices in the United States rose less than expected in November, adding to investor optimism that with inflationary pressures easing, the Federal Reserve might cut interest rates more aggressively than Wall Street has pencilled in. The consumer price index increased at a 2.7% annual rate, according to a delayed report from the Bureau of

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From Europe to the world: WhiteBIT reinforces its position among leading global crypto platforms

In 2025, WhiteBIT expanded its international presence, entered new markets, and developed its product and institutional offering. The year focused on geographic expansion, partnerships, and operational development across retail and institutional segments, alongside ongoing compliance and security efforts. Building a global crypto platform In 2025, WhiteBIT announced the launch of W Group, a fintech global

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Business

US initial jobless claims drop by 13,000 to 224,000, signaling low layoffs

US initial jobless claims fell by 13,000 to a seasonally adjusted 224,000 for the week ending December 13. The development comes as a reversal to the previous week’s sharp spike and points to continued restraint in corporate layoffs. The reading is slightly better than consensus expectations of 225,000 and provided reassurance that labor market conditions

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Business

Tilray stock prints bullish candle ahead of Trump cannabis executive order

Tilray stock price popped by nearly 30% on Tuesday as Donald Trump prepared to sign an executive order that would reschedule cannabis into a lower drug classification. It jumped to a high of $14.40, up by 110% from its lowest level this month, bringing its market capitalization to $1.62 billion. It has also formed a

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Business

India opens insurance sector to 100% foreign investment in landmark reform

India’s parliament has approved raising the foreign ownership cap in Indian insurance companies from 74% to 100%. The move marks a historic financial-sector liberalisation. The Lok Sabha passed the bill on Tuesday, followed by Rajya Sabha approval on Wednesday, clearing the way for global insurers to establish fully owned operations in India without needing domestic

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Business

What Trump’s National Security Strategy is really about

The most consequential national security move President Donald Trump has made this year came in two documents released late this year. One redefined how the White House sees power, allies, and threats. The other decides who is allowed to enter the United States and who is not. Taken together, Trump’s National Security Strategy and his

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US stocks open mixed: Dow up 150 points, S&P, Nasdaq mostly flat

US stocks rose modestly on Wednesday, looking to snap a three-session losing streak for major benchmarks as investors digested newly released labour market data and comments from Federal Reserve officials. The S&P 500 traded about 0.1% higher, while the Nasdaq Composite also edged up by roughly the same amount. The Dow Jones Industrial Average outperformed

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Business

Brazil’s Flavio Bolsonaro courts markets as presidential bid faces skepticism

Brazilian Senator Flavio Bolsonaro, the son of jailed former President Jair Bolsonaro, is meeting with business and finance figures this week as he prepares to run for president next year, according to persons familiar with his intentions. The outreach comes as investors question the seriousness of his candidacy and the lack of clarity surrounding his

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