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Evening digest: US job numbers, Iran unrest, OpenAI-SoftBank back AI push

US job growth stalled in December, underscoring a labor market losing momentum, while geopolitical and policy uncertainty weighed on global sentiment. Iran’s Supreme Leader warned protests could isolate the country further as security forces tightened controls. In the US, OpenAI and SoftBank moved to secure clean energy for AI infrastructure with a $1 billion renewables

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This $1B OpenAI–SoftBank bet reveals what AI can’t function without

OpenAI and SoftBank announced a joint $1 billion investment in SB Energy on Friday to build and operate a 1.2-gigawatt data centre in Milam County, Texas. On the surface, it reads like yet another megadeal in the booming AI infrastructure arms race. But it signals something more urgent: electricity has become AI’s single largest production

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Kansas crop woes fuel wheat rally ahead of USDA winter acreage estimate

Wheat kicked off the new year with a price surge, as the most actively traded futures contract on the CBOT climbed to 522 US cents per bushel on Thursday, marking its highest level since December 26. At the time of writing, US wheat futures for the March contract were at 518 cents. Wheat prices began

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What to expect from US big banks as they report earnings next week?

US big banks are set to kick off earnings season next week, and experts are bracing for solid results. According to Ken Leon, a senior CFRA analyst, the outlook for these banking giants is “very positive”, with several tailwinds that could lift both profits and stock prices. Note that iShares’ big banks exchange-traded fund (ETF)

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Business

India’s economy looks strong with low inflation—but do people feel it

India heads into 2026 with headline indicators that would be the envy of many major economies. Growth is strong, inflation is subdued, and political stability remains intact. Yet beneath these reassuring numbers lies a widening disconnect between macro performance and lived economic reality, said a Financial Times report. For investors and policymakers alike, this dichotomy

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Bitcoin price risks falling below $90k as rate cut hopes fade, will it crash?

After failing to breach the $94,500 resistance zone, Bitcoin price pulled back towards a key support level as macro conditions and a lack of demand have taken their toll on risk appetite, particularly as sticky inflation data dampens hopes for further aggressive rate cuts. The shift in sentiment is visible across the Fear and Greed

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From LUV to HOG to RACE: do quirky stock tickers influence performance?

Every trading day, three-four or sometimes five-letter stock tickers move steadily up and down on screens. Behind those simple symbols sit the shifting emotions of millions of investors, ranging from hope to fear. Some tickers, however, carry a story. From Southwest Airlines’ LUV to Harley-Davidson’s HOG and Ferrari’s RACE, certain stock symbols have long stood

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LATAM crypto news: Colombia tightens DIAN reporting, Brazil launches BRD

This week in LATAM crypto news, from Colombia to Brazil and Venezuela, the region is witnessing significant advancements in the cryptocurrency field. Some notable examples include: Colombia’s DIAN tightens cryptocurrency transaction reporting laws, Brazil debuts a new government-backed stablecoin with yield sharing, and Venezuelan exchange Kontigo promises to fully recover cash following a security compromise.

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Commodity wrap: gold, silver fall; oil steady as US strikes Venezuelan oil deal

Gold prices started on Wednesday on the back foot as the traders resorted to booking profits after the metal had hit $4,500 an ounce.  Silver also fell sharply, tracking losses in gold. The white metal had gained 8% on Tuesday and gave up most of those gains on Wednesday.  Meanwhile, oil prices were largely steady

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US seizes Russian-flagged tanker amid Venezuelan oil crackdown

The United States captured a Russian-flagged oil tanker on Wednesday following a more than two-week pursuit across the Atlantic, according to US authorities, as part of a continued attempt to halt Venezuelan oil exports. The Marinera, originally known as the Bella-1, has previously avoided US naval blockades in the Caribbean and resisted Coast Guard boarding

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