Nissan and Honda shares rise as report says automakers may call off merger talks

Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources.

Topics

Alphabet shares drop as much as 9% on revenue miss, soaring AI investments

Alphabet reported fourth-quarter earnings on Tuesday after the close of regular trading.
CNBC - 2h
Trump says U.S. will 'take over' Gaza to develop it, and Palestinians should leave

The Palestinian territory Gaza has been destroyed by 15 months of war with Israel. Trump said the United States would make it "the Riviera of the Middle East."
CNBC - 1h
AMD reports profit beat, but misses on data center revenue

AMD reported better-than-expected results on Tuesday, but data center revenue trailed analysts' estimates
CNBC - 5h
USPS temporarily suspends some inbound packages from China, Hong Kong

The change comes after President Donald Trump announced new tariffs that also target a popular trade loophole, called "de minimis."
CNBC - 2m
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates evolving conditions.
CNBC - 4h

USPS temporarily suspends some inbound packages from China, Hong Kong

The change comes after President Donald Trump announced new tariffs that also target a popular trade loophole, called "de minimis."
CNBC - 2m
Nissan reportedly balks at Honda’s terms, putting their merger in doubt

Shares of Nissan Motor Co. and Honda Motor Co. rose overnight following reports that the automakers’ proposed merger may be scrapped.
MarketWatch - 27m
Google goes heavy on investment but light on detail

The absence of guidance on what tech companies are buying as they raise their bets on AI begins to stretch credulity
Financial Times - 27m
U.S. Postal Service Halts Parcel Service From China as Trump’s Trade Curbs Begin

The U.S. has been importing about three million parcels a day with little customs inspection, raising concerns about the ease of sending fentanyl.
The New York Times - 33m
Trump Just Eliminated the $800 Duty-Free Exemption for Imports from China. It Could Be a Disaster for Small Businesses.

The removal of the provision, which benefitted fast-fashion retailer Shein and the marketplace Temu, could lead to higher prices and delays for shipments.
Inc. - 40m