HSBC is set to fully acquire Hang Seng Bank after minority shareholders overwhelmingly backed the $14 billion buyout offer. The deal, a 30% premium, is a big wager on Hong Kong’s economic resurgence.
Intel has announced the date for its fourth-quarter and full-year 2025 earnings report. The chipmaker will reveal its financial performance on January 22, 2026, after the market closes.
Cea Weaver, appointed by NYC Mayor Zohran Mamdani to lead the Office to Protect Tenants, was confronted by reporters about her mother’s home. This came after her old tweets, calling homeownership “a weapon of white supremacy,” resurfaced online.
Alphabet’s market capitalization closed at $3.88 trillion on Wednesday, edging past Apple’s $3.84 trillion. The change underscores a major shift in investor sentiment, driven largely by the two tech giants’ contrasting approaches to artificial intelligence.
Character.AI and Google have reportedly reached settlements in multiple lawsuits filed by families of teens. The suits alleged the AI chatbots encouraged self-harm and suicide. The settlements avoid a public trial.
Microsoft is reportedly planning another major round of layoffs for January 2026. Between 11,000 and 22,000 roles could be cut, primarily in Azure, Xbox, and sales. The move is linked to the company’s massive spending on AI infrastructure.
According to a new report, terrified investors are bracing for a potential AI bubble collapse. Some funds have sold all their “Magnificent Seven” tech stocks, while others remain bullish on 2026. The debate over a market reckoning is heating up.
Pax8 has named tech veteran Avery Moon as its new Chief Technology Officer. Moon, who has held leadership roles at LinkedIn, Indeed, and Wealthfront, will lead the company’s engineering strategy as it pushes deeper into agentic AI and managed intelligence for MSPs.
The stock market saw some wild swings in specific sectors. Data-storage companies like Sandisk and Western Digital surged on Nvidia’s AI plans, while AIG dropped on a surprise CEO change.
Hyundai Motor’s stock jumped nearly 15% to a record high on January 7, far outpacing the broader market. Analysts point to investor excitement over a potential expanded tie-up with Nvidia, beyond just chips.
