Core Viewpoint - The Federal Deposit Insurance Corporation (FDIC) has approved deposit insurance applications from Ford Motor Company and General Motors Company, facilitating their entry into the banking sector [1] Group 1: Company Developments - Ford Motor Company has received approval for deposit insurance, allowing it to expand its financial services [1] - General Motors Company has also been granted deposit insurance approval, enabling similar financial service expansions [1] Group 2: Industry Implications - The approval of deposit insurance for major auto manufacturers like Ford and General Motors indicates a trend of diversification within the automotive industry, as these companies seek to enhance their financial service offerings [1]

U.S. airlines have rolled out sweeping travel waivers as Winter Storm Fern, forecast to spread heavy snow, sleet and dangerous ice across two dozen states, threatened to disrupt air travel across a wi... ...

Core Viewpoint - The Trump administration is permitting China to purchase Venezuelan oil, but it has set conditions to prevent purchases at prices that are deemed "unfair" or "undercut" compared to previous sales before the U.S. intervention [1] Group 1 - The U.S. administration's decision reflects a strategic approach to manage the pricing of Venezuelan oil in the global market [1] - The context of this decision is tied to the U.S. removal of Venezuelan leader Nicolas Maduro, which has impacted the country's oil sales [1] - The administration aims to balance economic interests with geopolitical considerations in allowing China to engage in oil purchases [1]

Core Insights - Netflix co-CEO Ted Sarandos is scheduled to testify in February at a U.S. Senate committee hearing regarding the company's proposed acquisition of the streaming and studio operations of Warner Bros. Discovery for $82.7 billion [1] Group 1 - The planned testimony by Sarandos indicates the regulatory scrutiny surrounding large mergers in the streaming industry [1] - The proposed acquisition amount of $82.7 billion highlights the significant financial stakes involved in the competitive streaming market [1]

Tesla CEO Elon Musk said on Thursday that the company has started Robotaxi rides in Austin without safety monitors in the car. ...

Core Insights - Major Northern European investors are increasingly cautious about the risks associated with holding U.S. assets due to rising geopolitical tensions, indicating a significant shift away from the U.S. financial market [1] Group 1 - The sentiment among pension chiefs reflects a growing wariness towards U.S. investments [1] - This trend suggests a broader movement among investors to reassess their exposure to the world's largest financial market [1]

Core Insights - BitGo shares opened 24.6% above their offer price during their debut on the New York Stock Exchange, indicating strong market interest and demand for the company's stock [1] - The valuation of BitGo at the time of its debut was $2.59 billion, reflecting the company's position in the crypto custody sector [1] Company Summary - BitGo is a crypto custody firm that has successfully launched its shares on the New York Stock Exchange, marking a significant milestone for the company [1] - The initial trading performance suggests a positive reception from investors, which may indicate confidence in BitGo's business model and growth potential in the cryptocurrency market [1]

U.S. President Donald Trump is suing JPMorgan Chase and its CEO, Jamie Dimon, in a $5 billion lawsuit, Fox Business reported on Thursday. ...

Core Viewpoint - Bank of America and Citigroup are exploring options to introduce new credit cards with a 10% interest rate cap to meet President Donald Trump's requirements [1] Group 1 - Bank of America is considering the introduction of new credit cards [1] - Citigroup is also evaluating options for new credit card offerings [1] - The interest rate cap of 10% is a direct response to demands from President Donald Trump [1]

U.S. banking giant JPMorgan Chase has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday. ...