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Asian Markets Set to Open Lower After Trump Tariffs Pledge

Asian markets are set to open lower after President Trump's announcement of tariffs on steel and aluminum imports. Commodity currencies and Asian stocks are expected to decline. Keep up-to-date on the latest market developments with Bloomberg.

Freyr Abandons Plan for Atlanta Battery Factory, Shifts Focus to Texas Solar Plant

Freyr Battery abandons plans for Atlanta electric battery factory, focusing on Texas solar panel plant. The $2.6 billion factory would have been the second-largest battery factory worldwide, but Freyr has shifted its focus to a newly opened solar panel factory in Texas.

January Jobs Report: Unemployment Falls to 4%, Wages Rise More Than Expected

The unemployment rate fell to a five-month low of 4% in January, while wages grew more than expected and job gains were revised higher.

Franklin Templeton Plans Crypto ETF to Tap Trump Bitcoin Boost

Franklin Templeton seeks regulatory approval to launch a new crypto index exchange-traded fund, as asset managers hope to cash in on the crypto wave amid Donald Trump's victory in U.S. presidential elections.

Palantir (PLTR) Stock Soars as AI Giant Delivers Strong Financials

Palantir's stock surges as analysts debate its valuation and growth potential. Some see its AI software dominance and improving financials as justification for its premium valuation, while others question its sustainability and high volatility.

January Jobs Report: Hiring Slows, Unemployment Rate Flat

The January jobs report is expected to show that hiring slowed to start 2025, with non-farm payrolls rising by 170,000 and the unemployment rate holding steady at 4.1%. Economists say the report will likely send a positive signal about the health of the economy despite recent tariff concerns.

Cemex Sees US Cement Demand Recovery After Hurricane Impact

Cemex shares rally as the cement maker sees improving demand in the US, its largest market, despite lower volumes impacting 2024 sales. The company announces a $350 million cost-cutting plan and expects a boost from infrastructure projects under the Biden administration's Infrastructure Investment and Jobs Act.

Fed Likely to Cut Rates if Labor Market Weakens, Wall Street Says

The Fed's next move uncertain as investors navigate Trump's trade policy and search for clarity on the labor market.

Boeing Forecasts India, South Asia Airlines to Add 2,835 Aircraft Over 20 Years

Boeing forecasts that Indian and South Asian airlines will add 2,835 aircraft over 20 years, driven by rising middle class and economic growth.

Corpay Reports 18% Jump in Quarterly Profit on Corporate, Lodging Spending

Corpay reports an 18% Q4 profit jump, driven by strong corporate and lodging segments. Revenues increased by 38% for corporate payments and 1% for lodging payments.