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Today: December 05, 2025
Today: December 05, 2025

Economy

Business|Economy|Environment|Finance

Chevron to spend up to $19 billion next year in focus on US, Guyana oil production

Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and

Chevron to spend up to $19 billion next year in focus on US, Guyana oil production
Business|Economy|Finance|Political|US

A California Republican faces long odds after redistricting. Will he seek a safer seat in Texas?

In heavily Democratic California, one prominent Republican U.S. House member is considering an audacious maneuver — moving to Texas to run for Congress

A California Republican faces long odds after redistricting. Will he seek a safer seat in Texas?
Business|Economy|Environment|Health|Political|Science

Twelve former US FDA commissioners express deep concern about agency's vaccine change

Twelve former U.S.

Twelve former US FDA commissioners express deep concern about agency's vaccine change
Business|Crime|Economy|Finance|Stock Markets|US

Virtu, a large market maker, to pay $2.5 million SEC fine over client trading data

Virtu Financial will pay a $2.5 million fine to settle U.S.

Virtu, a large market maker, to pay $2.5 million SEC fine over client trading data
Arts|Business|Economy|Entertainment|Sports

NASCAR owner Bob Jenkins 'hurt' by 'take-it-or-leave-it' charter offer made with hours to sign

Front Row Motorsports owner Bob Jenkins has testified in a federal antitrust case against NASCAR

NASCAR owner Bob Jenkins 'hurt' by 'take-it-or-leave-it' charter offer made with hours to sign
Business|Economy|Finance|Political|US|World

US lawmakers want war powers vote after Trump pledges Venezuela attack 'soon'

A group of Democratic and Republican U.S. senators filed a resolution on Wednesday that would block U.S. military action against Venezuela without

US lawmakers want war powers vote after Trump pledges Venezuela attack 'soon'
Business|Economy|Political|US

Bessent under discussion to also lead US National Economic Council, Bloomberg News reports

U.S.

Bessent under discussion to also lead US National Economic Council, Bloomberg News reports
Business|Economy|Environment|Political|Technology

Trump proposes slashing fuel economy rules in boost for gas vehicles

President Donald Trump on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in a push to

Trump proposes slashing fuel economy rules in boost for gas vehicles
Business|Economy|Finance|US|World

US Census Bureau says implementing strategies to bring economic data releases back on track

The U.S.

US Census Bureau says implementing strategies to bring economic data releases back on track
Economy|Education|Sports

Changing face of college football results in blue-chip prospects making some surprising choices

The changing landscape of college football means the nation’s premier recruits are no longer signing with the same handful of programs

Changing face of college football results in blue-chip prospects making some surprising choices
Business|Economy|Finance|Technology

Snowflake's product revenue outlook falls short of investor ambition, shares fall

Snowflake forecast fourth-quarter product revenue above analysts' estimates but falls short of lofty investor expectations for stronger growth, sending its shares

Snowflake's product revenue outlook falls short of investor ambition, shares fall
Business|Economy|Finance|Stock Markets|US|World

Trading Day: Fed hopes fire risk rally

Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood

Trading Day: Fed hopes fire risk rally
Business|Crime|Economy|Education|Environment|Travel|World

NTSB describes final moments of flight that killed missionary father and daughter in Florida crash

The National Transportation Safety Board described the fatal Nov. 10 flight that killed a Christian missionary father and his daughter in its preliminary report

NTSB describes final moments of flight that killed missionary father and daughter in Florida crash
Arts|Business|Economy|Entertainment

A string of awards makes it clear: 'One Battle After Another' is the Oscar front-runner

If there were any doubt, the first few days of Hollywood’s year-end awards has already made it abundantly clear

A string of awards makes it clear: 'One Battle After Another' is the Oscar front-runner
Business|Economy|Finance|Stock Markets|World

Morgan Stanley exec expects broad surge in M&A

Morgan Stanley is seeing a strong deal pipeline next year for mergers, acquisitions and IPOs, its co-head of investment banking, Mo

Morgan Stanley exec expects broad surge in M&A
Business|Economy|Finance|Stock Markets|Technology

Intel says it will keep networking and communications unit

Intel said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit.

Intel says it will keep networking and communications unit
Business|Economy|Technology|World

Wall Street pulls near its all-time high

U.S. stocks rose near their record levels

Wall Street pulls near its all-time high
Business|Economy|Finance|Political

FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree

President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax

FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree
Business|Economy|Finance|Stock Markets|US

Indexes close higher as data keeps Fed rate cut expectations elevated

U.S. stocks advanced to close higher on Wednesday, as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal

Indexes close higher as data keeps Fed rate cut expectations elevated
Economy|Health|Political|US

With Trump’s focus abroad, Republicans push for midterms pivot to economy

With Trump’s focus abroad, Republicans push for midterms pivot to economy

With Trump’s focus abroad, Republicans push for midterms pivot to economy
Business|Economy|Finance|Stock Markets|US

Citigroup promotes 276 employees to managing director in smallest class since 2020

Citigroup said on Wednesday it has promoted 276 employees to managing director roles in 2025, the smallest class in five years.

Citigroup promotes 276 employees to managing director in smallest class since 2020
Crime|Economy|Political|World

Wisconsin Supreme Court to decide whether local jails can hold immigrants for ICE

A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group

Wisconsin Supreme Court to decide whether local jails can hold immigrants for ICE
Africa|Economy|Political|World

Rwanda hopes US-brokered accord will advance peace in eastern Congo

Rwanda’s foreign minister said on Wednesday he hoped an accord set to be signed by U.S.

Rwanda hopes US-brokered accord will advance peace in eastern Congo
Economy|Europe|Political|World

Germany's far left averts potential government crisis over pensions bill

Germany's opposition far-left Left party said it would abstain from voting on a contentious pensions package on Friday, likely indirectly securing its passage through

Germany's far left averts potential government crisis over pensions bill
Business|Economy|Environment|Political|Technology

Trump announces plan to rescind Biden-era fuel-economy standards for vehicles

Trump announces plan to rescind Biden-era fuel-economy standards for vehicles

Trump announces plan to rescind Biden-era fuel-economy standards for vehicles
Business|Economy|Finance|Political|US|World

Bond investors warned of Hassett as potential Fed chair over rate-cut fears, FT reports

Bond investors have expressed concerns to the U.S.

Bond investors warned of Hassett as potential Fed chair over rate-cut fears, FT reports
Business|Economy|World

US retreat from its allies could hurt dollar's status, BoE's Mann says

The U.S. dollar's status as a global reserve currency could be undermined by the country's reduced support for its friends and military allies, Bank of

US retreat from its allies could hurt dollar's status, BoE's Mann says
Business|Economy|World

Nigeria approves fiscal plan proposing $37.7 billion 2026 budget

Nigeria's cabinet has signed off on a medium-term fiscal plan that projects spending of around 54.5 trillion naira ($37.71 billion) in 2026, its minister of

Nigeria approves fiscal plan proposing $37.7 billion 2026 budget
Economy|Finance|Political|Stock Markets|US

Push is on in US Congress to impose ban on lawmaker stock trades

A bipartisan coalition in the U.S.

Push is on in US Congress to impose ban on lawmaker stock trades
Business|Economy|Environment|Science|World

Brazil Amazonian state postpones cattle tracking key to preventing deforestation

Brazil's state of Para has delayed the deadline for the introduction of tracking devices in its cattle herds, a blow to environmental efforts to introduce a

Brazil Amazonian state postpones cattle tracking key to preventing deforestation
Business|Economy|Environment|Technology|World

Cuba reconnects grid, begins restoring power to Havana after partial collapse

Cuba said it had reconnected its electrical grid and was gradually restoring power after a partial collapse on Wednesday left capital Havana and much of

Cuba reconnects grid, begins restoring power to Havana after partial collapse
Business|Economy|Environment|Lifestyle|Travel

Grand Canyon cancels overnight stays at South Rim lodges because of water-line breaks

Overnight accommodations at the Grand Canyon's South Rim won't be available starting Saturday

Grand Canyon cancels overnight stays at South Rim lodges because of water-line breaks
Business|Economy|Technology

AI investment, M&A poised to increase corporate financing needs next year

Big tech companies' investments in artificial intelligence and busier M&A activity will raise the volume of debt issuance by investment-

AI investment, M&A poised to increase corporate financing needs next year
Business|Economy|Technology|Travel

Longest US government shutdown cost Delta Air Lines $200 million

Delta Air Lines estimates that it lost $200 million due to the longest government shutdown on record

Longest US government shutdown cost Delta Air Lines $200 million
Business|Crime|Economy|Environment|Health|World

UPS put profits over safety before plane crash that killed 14, lawyer alleges

A lawyer who filed two wrongful death lawsuits over a fiery UPS cargo plane crash in Kentucky says the company put profits over safety by continuing to fly older planes

UPS put profits over safety before plane crash that killed 14, lawyer alleges
Business|Economy|Finance|World

HSBC's long-term vision called into question after Nelson appointment

By Lawrence White LONDON, Dec 3 - HSBC's appointment of Brendan Nelson as chairman on a permanent basis raises questions about the Asia-focused bank's succession planning and long-term vision,

HSBC's long-term vision called into question after Nelson appointment
Business|Economy|Finance|Stock Markets|Technology

Citadel debuts new AI tool for equities investors, CTO Subramanian says

Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct

Citadel debuts new AI tool for equities investors, CTO Subramanian says
Business|Crime|Economy|Environment|Lifestyle|Technology

Family escapes house fire, Tesla charging station suspected, firefighters say

Family escapes house fire, Tesla charging station suspected, firefighters say

Family escapes house fire, Tesla charging station suspected, firefighters say
Economy|Europe|MidEast|Political|World

Trump's Ukraine peace effort tests his unconventional diplomacy

The confusion still swirling in Washington over President Donald Trump's latest peace plan for Ukraine has made at least one thing clear:

Trump's Ukraine peace effort tests his unconventional diplomacy
Arts|Business|Economy|Entertainment|Political

Trump-CBS lawsuit settlement was 'right decision', says former Paramount chair Shari Redstone

Media mogul Shari Redstone said on Wednesday that Paramount made the "right decision" by agreeing to pay $16 million to settle a

Trump-CBS lawsuit settlement was 'right decision', says former Paramount chair Shari Redstone
Arts|Business|Crime|Economy|Education|Entertainment|Lifestyle

Woman warns others after $4,000 holiday shipping 'nightmare'

Woman warns others after $4,000 holiday shipping 'nightmare'

Woman warns others after $4,000 holiday shipping 'nightmare'
Business|Economy|Finance

Bessent says Federal Reserve Board could 'veto' future regional presidents

Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency

Bessent says Federal Reserve Board could 'veto' future regional presidents
Business|Economy|Finance|Political|US|World

Lower interest rates would likely eliminate the need for 50-year mortgage, US Treasury adviser says

Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing

Lower interest rates would likely eliminate the need for 50-year mortgage, US Treasury adviser says
Business|Economy|Education|Environment|Health|Lifestyle

Woman transforms carport into humble pantry for neighbors in need

Woman transforms carport into humble pantry for neighbors in need

Woman transforms carport into humble pantry for neighbors in need
Economy|Finance|Political|Stock Markets|US|World

Narrower Republican win in Tennessee House race lifts Democrats' midterm spirits

Democrats were more bullish on their chances of recapturing control of the U.S.

Narrower Republican win in Tennessee House race lifts Democrats' midterm spirits
Arts|Economy|Entertainment|Health|Lifestyle

Shelter launches gingerbread competition to support growing homeless population

Shelter launches gingerbread competition to support growing homeless population

Shelter launches gingerbread competition to support growing homeless population
Business|Economy|Political|World

Lebanon 'far from' diplomatic normalization or economic relations with Israel, prime minister says

Lebanon’s prime minister says his country is “far from” diplomatic normalization or economic relations with Israel

Lebanon 'far from' diplomatic normalization or economic relations with Israel, prime minister says
Business|Economy|Technology|World

Boeing looks to close Spirit AeroSystems merger this year as FTC orders divestitures

Boeing said on Wednesday it could close its $4.7 billion acquisition of wing and fuselage maker Spirit AeroSystems by the end of the year after a U.S. regulator said

Boeing looks to close Spirit AeroSystems merger this year as FTC orders divestitures
Business|Economy|Environment|World

Codelco and Glencore agree to partner on Chilean smelter project

Chile's state-run copper producer Codelco and Glencore, a Swiss trader and miner, have signed an initial agreement to collaborate on a smelter project in Chile, the

Codelco and Glencore agree to partner on Chilean smelter project
Business|Economy|Finance|Stock Markets|Technology

Charles Schwab CEO open to more M&A deals after $660 million purchase

Charles Schwab CEO Rick Wurster said on Wednesday the firm will look for more acquisitions and is confident it can integrate companies well

Charles Schwab CEO open to more M&A deals after $660 million purchase
Business|Economy|Science|Technology

Aeva shares soar after deal with European automaker 

Shares of Aeva Technologies, a Silicon Valley-based maker of lidar units that help autonomous vehicles sense their surroundings, rose more than 18%

Aeva shares soar after deal with European automaker 
Business|Economy|Finance|US|World

Citizens Bank sees resilient consumer finances and spending

U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president

Citizens Bank sees resilient consumer finances and spending
Business|Economy|Finance|Political|US

Bessent plans to push residency requirement for regional Fed bank presidents

U.S.

Bessent plans to push residency requirement for regional Fed bank presidents
Business|Economy|Entertainment|Finance|Lifestyle|Stock Markets

Retailers pull out the stops to neutralize inflation, tariff drag

Retailers are trying various strategies to counter the drag from inflation and tariffs,

Retailers pull out the stops to neutralize inflation, tariff drag
Business|Economy|Environment|World

Oil settles slightly higher as Moscow peace talks fail to reach breakthrough

Oil prices settled higher on Wednesday after the U.S. and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on

Oil settles slightly higher as Moscow peace talks fail to reach breakthrough
Business|Economy|Environment|Political|World

Fired employees file First Amendment lawsuit against EPA

Six former Environmental Protection Agency employees on Wednesday filed a First Amendment legal challenge against EPA Administrator Lee Zeldin for

Fired employees file First Amendment lawsuit against EPA
Economy|Europe|Political|World

Lebanon PM says peace with Israel could bring economic ties, but both far off

Lebanese Prime Minister Nawaf Salam said on Wednesday that a lasting peace with Israel could pave the way to normalising ties with the country and

Lebanon PM says peace with Israel could bring economic ties, but both far off
Business|Economy|Environment|World

Glencore to restart production at Alumbrera copper mine in Argentina

Glencore plans to restart operations at its Alumbrera copper mine in Argentina by the end of next year, it said on Wednesday, after it became the last to produce the

Glencore to restart production at Alumbrera copper mine in Argentina
Asia|Business|Economy|Environment|World

Rescuers race in search for survivors after last week's floods in Indonesia, Sri Lanka and Thailand

Rescue teams are racing to reach communities isolated by last week’s catastrophic floods and landslides in Indonesia, Sri Lanka and Thailand as over 900 people remained missing

Rescuers race in search for survivors after last week's floods in Indonesia, Sri Lanka and Thailand
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets|US

Macy's posts surprise profit with overhaul under new CEO resonating with shoppers

Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers

Macy's posts surprise profit with overhaul under new CEO resonating with shoppers
Business|Economy|Political|US|World

Trump said he’s looking into an Australian-style retirement program for America. Here’s how it works

Trump said he’s looking into an Australian-style retirement program for America. Here’s how it works

Trump said he’s looking into an Australian-style retirement program for America. Here’s how it works
Business|Economy|Finance|Stock Markets|US

Why car prices won’t stop rising

Why car prices won’t stop rising

Why car prices won’t stop rising
Business|Economy|Europe|Political|World

EU aims to improve defences against economic threats, such as China export curbs

The European Commission on Wednesday unveiled plans to boost EU resilience to threats like rare earth shortages by strengthening trade measures and

EU aims to improve defences against economic threats, such as China export curbs
Business|Economy|Finance|Stock Markets|Travel|US|World

Delta sees $200 million profit hit from US government shutdown

Delta Air Lines said on Wednesday it expects a hit of about $200 million to its fourth-quarter pre-tax profit due to the U.S. government

Delta sees $200 million profit hit from US government shutdown
Business|Economy|Finance|Stock Markets|World

Hedge funds double down using near-record leverage in quest to boost returns

Hedge funds are using near-record levels of leverage to trade equities and betting on debt-backed strategies in efforts to juice returns,

Hedge funds double down using near-record leverage in quest to boost returns
Business|Economy|Finance|Political|Stock Markets|US|World

Bessent says Fed rate cuts needed, China making good on soybean purchases

U.S.

Bessent says Fed rate cuts needed, China making good on soybean purchases
Economy|Political|World

Mexican government hikes minimum wage, pushes shorter work week

Mexico on Wednesday announced it would boost the minimum wage next year and push to trim the country's long work week, the

Mexican government hikes minimum wage, pushes shorter work week
Business|Economy|Finance|World

Central Europe's currencies to back off highs in 2026: Reuters Poll

Central Europe's main currencies may be close to a ceiling after hitting fresh multi-month highs in the past month, a Reuters poll of economic analysts showed

Central Europe's currencies to back off highs in 2026: Reuters Poll
Business|Economy|Environment|Finance|World

Israel publishes draft law seeking to boost state revenues from Dead Sea minerals

Israel on Wednesday published a draft law that aims to boost state revenues from a concession for extracting minerals from the Dead Sea as well as

Israel publishes draft law seeking to boost state revenues from Dead Sea minerals
Business|Economy|Finance|Political|World

Ukraine's Parliament approves 2026 budget, focuses on defence

Ukraine's Parliament approved the 2026 budget on Wednesday, planning to allocate nearly a third of the country's gross domestic product to defence as the war

Ukraine's Parliament approves 2026 budget, focuses on defence
Business|Economy|Education|Political

Bessent sees more private contributions flowing into 'Trump accounts' for children

U.S.

Bessent sees more private contributions flowing into 'Trump accounts' for children
Business|Economy|Europe|World

European Rearmament Bank seeks merger with JPMorgan-backed rival multilateral lender

By Maria Martinez and Iain Withers BERLIN/LONDON, Dec 3 - European Rearmament Bank (ERB), an initiative to create a state-backed lender for defence amid the region's worst conflict since World War Two

European Rearmament Bank seeks merger with JPMorgan-backed rival multilateral lender
Business|Economy|Science|Technology

Microsoft denies report of lowering targets for AI software sales growth

Microsoft on Wednesday denied a report from The Information that multiple divisions at the company lowered sales growth targets for certain artificial intelligence products after

Microsoft denies report of lowering targets for AI software sales growth
Business|Economy|Finance|Stock Markets|World

Euro hits almost seven-week high, dollar broadly lower

The euro hit an almost seven-week high against the dollar on Wednesday, boosted by data showing an expansion in euro zone business activity, while weaker

Euro hits almost seven-week high, dollar broadly lower