Digital assets and AI infrastructure company Galaxy Digital reported a net loss of $241 million over 2025 and a loss of $482 million in the fourth quarter alone, citing a decline in crypto prices over the year.
U.S. President Donald Trump said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the U.S. and potentially Venezuela.
OpenAI is unsatisfied with some of Nvidia’s latest artificial intelligence chips, and it has sought alternatives since last year, potentially complicating the relationship between the two highest-profile players in the AI boom.
The UK’s FTSE 100 closed at a record high as investors piled into financials and defensive pharma stocks amid a global selloff in energy and metal shares. The blue-chip FTSE 100 index losed up 1.1%, rising for the third straight session.
The pound dropped against the dollar to end last week, with the U.S. currency benefiting from growing expectations that former Fed Governor Kevin Warsh will be unveiled as new Fed chair.
Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion. Alphabet would provide about $13 billion to the autonomous driving firm while the rest would come from other investors.
