Hospitality
BUSINESS NEWS
- Palestinians Dare to Hope the Fighting Really Stops This TimeGazans are curbing their optimism, having experienced other times throughout the war when a cease-fire was thought to be within reach, only for it to fall apart.
- One Weapon China Is Reluctant to Deploy Against Tariffs: A Weaker CurrencyThe last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has signaled the country should defend its currency.
- Hundreds of Miners Were Trapped for Months---Until an Extraordinary Two-Man Rescue MissionThe volunteers risked their lives to venture thousands of feet underground and retrieve their neighbors. What they found was horrific.
- Israeli Cabinet Approves Gaza Deal as Hostage Release Draws NearNetanyahu’s office says the cease-fire agreement will go into effect Sunday.
- Last-Minute Gaza Negotiations Indicate Tough Road AheadIsrael and Hamas have yet to agree on a host of issues, deferring them to later stages of the multiphase cease-fire deal.
- Inside the Gaza Deal: How a New York Real Estate Developer Took on Netanyahu and HamasEnvoy Steve Witkoff, carrying a message from Donald Trump, broke through the impasse in long-futile cease-fire talks.
MARKET NEWS
- The Man Making Billions From the Wildest Bitcoin BetMicroStrategy’s Michael Saylor is buying as much of the cryptocurrency as he can. Some big-name investors are going along for the ride.
- The WSJ Dollar Index Rises 0.4% To 103.33The WSJ Dollar Index was up 0.4% to 103.33 — snapping a four-trading-day losing streak.
- The Score: Goldman Sachs, Nvidia, UnitedHealth and More Stocks That Defined the WeekHere are some of the major companies whose stocks moved on the week’s news.
- Goldman Sachs Gives Solomon $80 Million to StayRetention bonus and big pay raise quell any remaining questions about the CEO’s ability to stay in place
- U.S. Stock Indexes Advance; Magnificent Seven Tech Shares RiseThe U.S. stock market just notched its best week since the presidential election. All three major U.S. stocks indexes advanced, with each of the Magnificent Seven tech stocks logging gains.
- U.S. Natural Gas Futures Pull Back Ahead of Long WeekendNatural gas futures fell ahead of the holiday weekend. Despite next week looking to bring the coldest temperatures so far of the winter, weather models did not change their forecast significantly, which could be driving prices down, Gelber & Associates said.
- Gold Benefits from Trump TradeFront-month gold futures settled higher, diverging from the February contract ahead of President-elect Trump’s inauguration. Caution swirls among investors amid Trump’s brand of stirring the pot, spurring traders to invest in risk premium to provide some sort of cushion.
TECHNOLOGY NEWS
- How a Little-Known Finnish Company Became One of the World's Hottest Gadget StartupsOura’s smart ring measures heart health and can predict when you may be getting sick
- Tech, Media & Telecom Roundup: Market TalkFind insight on data center real estate investment trusts, Cisco Systems, BCE and more in the latest Market Talks covering technology, media and telecom.
- What Happens to TikTok Now That the Supreme Court Upheld Its Ban?The company says it plans to go dark after the Supreme Court upheld a sell-or-ban law, but Trump could intervene.
- EU Steps Up Probe of Elon Musk's X Ahead of Trump InaugurationThe European Commission has ramped up its investigation into Elon Musk’s X social network after the tech mogul criticized European governments in recent weeks, and just days before President-elect Donald Trump is set to return to the White House.
- Former European Leaders Call for Google Ad-Tech BreakupA group of 18 former European heads of state have called on the European Commission to break up Google’s highly lucrative advertising-technology business, claiming it erodes Europe’s media landscape.
- Nintendo Shares Slump as Switch 2 Announcement UnderwhelmsThe Japanese company’s much-anticipated successor to its Switch console disappointed investors with a lack of specifics and a design that feels more like an update than a reinvention.
- SpaceX Ship Explodes During Test FlightElon Musk’s space company was conducting the seventh flight of its Starship rocket. The explosion temporarily disrupted air travel.