MARKETS

SailPoint IPO Generates $1.38 Billion in U.S. Market Debut

Cybersecurity firm SailPoint attracted investor attention with its debut in the first quarter of 2025, but it faces concerns about the pace of its growth and its reliance on enterprise customers. Supported by private equity giant Thoma Bravo, the identity security provider is aiming for a valuation of up to $11.5 billion in its New York initial public offering. The company plans to sell 47.5 million shares, with an additional 2.5 million shares offered by its selling stockholders, bringing the

Dogecoin’s Potential in 2025: Key Factors Shaping Its Growth

As we look ahead to 2025, the future of Dogecoin (DOGE) remains a subject of much speculation within the cryptocurrency space. Born in 2013 as a lighthearted joke based on the famous “Doge” meme, DOGE has defied expectations to become one of the most recognized cryptocurrencies in the world. Its unique blend of humor, community engagement, and solid backing from influential figures like Elon Musk has made it a favorite for retail investors and speculators. However, as the digital currency

Nissan Abandons Plans for Merger with Honda

Japan’s Nissan will end merger discussions with its competitor Honda, according to the Nikkei newspaper. This decision halts plans for a partnership that would have formed the world’s third-largest automaker, raising doubts about Nissan’s ability to achieve a successful turnaround on its own. In December, the two Japanese automakers had agreed to explore a potential merger, with the goal of launching a joint holding company as soon as 2026, which would also integrate smaller alliance partner Mitsubishi Motors under this

PayPal Projects Strong 2025 Profit Outlook as Turnaround Accelerates

On Tuesday, PayPal projected full-year profits exceeding estimates, driven by efforts to revitalize growth in branded products, optimize pricing, and enhance cost efficiency. Under the leadership of CEO Alex Chriss, the company’s new management team has shifted its focus toward sustainable, profitable expansion rather than sheer scale. Innovations such as Fastlane, which enables seamless checkouts without entering payment details, along with strategic partnerships with merchant service providers like Global Payments and Fiserv, are strengthening PayPal’s competitive edge against tech giants

EU Struggles to Keep Auto Sector Competitive in the Electric Era

European Commission President Ursula von der Leyen will convene auto industry leaders, labor unions, and other stakeholders on Thursday to discuss strategies for electrifying EU car fleets while remaining competitive against more advanced Chinese and U.S. manufacturers. The industry, already grappling with factory shutdowns and job losses—including 54,000 layoffs among auto suppliers last year—also faces economic challenges such as U.S. trade tariffs and heavy dependence on China for essential minerals and batteries. As the sector navigates these hurdles, automakers are

Kia Announces Recall of 80,000 U.S. Cars Over Airbag Safety Issue

When a vehicle manufacturer issues a recall, it’s typically because a safety concern has been identified in a car or truck. Fortunately, recall repairs are free (though your vehicle may be out of use while in the shop). If you own a newer vehicle included in a recall, you’ll receive a notice from the automaker with details on where to take it for repairs. Airbags and seat belts play a crucial role in protecting you and your passengers during a

Hyundai Enters Japanese Market with $18,000 Electric Vehicle

On Friday, South Korea’s Hyundai Motor Company announced plans to launch Japan’s most affordable compact electric car, aiming to break into a market dominated by domestic automakers known for their advanced petrol and hybrid technologies. The launch of the Inster follows Tesla’s efforts to pave the way for foreign brands in a country where EV adoption has been relatively slow. Priced at 2.85 million yen ($18,000) for the base model, the Inster significantly undercuts the 3.63 million yen price of

Alibaba Finalizes $1.6 Billion Sun Art Stake Sale to DCP

China’s leading e-commerce giant is scaling back its brick-and-mortar operations. Intime’s department store chain will be sold to the textiles and apparel company Youngor Fashion for 7.4 billion yuan ($1.02 billion), as the company refocuses on its core e-commerce business. The decision comes amid growing competition from Chinese rivals like Pinduoduo and ByteDance. Alibaba said the sale will give it more flexibility to invest in online retail, logistics, and cloud computing and help it cut costs by focusing on those

Gold on Track for Record Gains Not Seen Since 2010

The gold market is set to end a record-breaking year on a positive note, with the precious metal boosted by a confluence of factors, including escalating geopolitical tensions and rising national debt. The bullion has been the best-performing commodity of 2024, outperforming base metals and equities while also regaining investor interest following a sharp sell-off in November. Investors are seeking safe-haven assets amid global economic uncertainties. Escalating geopolitical tensions are also boosting gold demand, particularly from central banks, which have

December Sees Slower Decline in Japan’s Manufacturing Activity

Japan’s manufacturing activity contracted at a slower pace in December as declines in production and new orders moderated, according to a private-sector survey released on Monday. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) improved to 49.6 in December, marking the mildest contraction in three months. This was slightly above both the preliminary reading of 49.5 and November’s 49.0 but remained below the 50.0 mark, which separates expansion from contraction. A lack of incoming new orders weighed

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