Top 20 Business International News

• SoftBank Sells Nvidia Stake: Japan's SoftBank sold its entire stake in Nvidia for $5.83 billion, shifting its focus toward OpenAI. (Source 2, Source 3, Source 4)
• Asia Market Performance: Asia markets mostly rose following mixed trading on Wall Street, though SoftBank shares fell over 7%. (Source 2)
• US Market Movement: The Dow rallied to a record high, but the Nasdaq slipped as investors rotated out of technology stocks. (Source 2, Source 3)
• AI Hyperscaler Accusations: 'Big Short' investor Michael Burry accused AI hyperscalers of artificially boosting earnings. (Source 2)
• AMD's AI Growth Forecast: AMD's CEO, Lisa Su, projects 35% annual sales growth driven by "insatiable" AI demand. (Source 2)
• China App Store Removals: Chinese regulators forced Apple to remove popular gay dating apps from the local iOS store. (Source 2, Source 3)
• Sonder Bankruptcy: The collapse of the Marriott-backed hotel chain Sonder was announced, resulting in guests being told to vacate hotel rooms mid-stay. (Source 2, Source 9)
• US-Switzerland Tariff Deal: The U.S. and Switzerland are working on a deal aimed at slashing 39% tariffs. (Source 2)
• British Assets Wobble: British assets experienced instability as weak jobs data fueled speculation of a Christmas rate cut. (Source 2)
• European Market Close: European stocks closed higher, with Swiss stocks specifically rising due to optimism over potential U.S. tariff reductions. (Source 2)
• Oura Sales Forecast: Smart ring maker Oura expects close to $2 billion in sales in 2026. (Source 2)
• Rocket Lab Revenue: Rocket Lab posted record third-quarter revenue and launch backlog. (Source 2)
• Sony's Profit Soars: Sony's profit increased significantly due to the success of its 'Demon Slayer' animation. (Source 3)
• 50-Year Mortgage Proposal: The White House's 50-year mortgage proposal was highlighted for having one notable benefit but several drawbacks. (Source 3, Source 4, Source 9)
• Trump's Tariff Dividend Plan: Details were released regarding Trump’s plan to give Americans a $2,000 tariff dividend. (Source 3, Source 9)
• Government Shutdown Bill: The Senate approved a bill to end the government shutdown, sending it to the House for a vote. (Source 3, Source 4, Source 9, Source 10)
• Flight Cut Timeline: The FAA, under the Trump administration, refused to provide a timeline for when flight cuts would ease up after the government shutdown ends. (Source 3, Source 4)
• Chinese 'Cryptoqueen' Jailed: A Chinese woman dubbed the 'cryptoqueen' was jailed in the UK over a Bitcoin stash valued at $6.6 billion. (Source 4)
• Coinbase Acquisition Called Off: Coinbase and stablecoin startup BVNK terminated their planned $2 billion acquisition deal. (Source 4)
• China's Youth Frugality: Economic uncertainty is encouraging China's youth to embrace frugality, despite the government's desire for increased spending. (Source 8)