Sign In
Free Newsletter
Trump signs order to ease US marijuana regulations, sparking industry hopes
WASHINGTON, Dec 18 (Reuters) – U.S. President Donald Trump on Thursday signed an order directing the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy. Trump’s order instructs the attorney general to quickly move ahead with reclassifying marijuana. If tha[...]
Trump Media bets on fusion energy with $6 billion TAE deal
Dec 18 (Reuters) – U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding. The all-stock deal announced o[...]
US consumer prices increase less than expected in November
U.S. CPI rose 2.7% in November, below forecasts, lifting bets on a January Fed rate cut after shutdown-hit data and markets rallied.
US House Republicans block move for quick vote on health subsidy extension
WASHINGTON, Dec 17 (Reuters) – An expanded U.S. federal healthcare subsidy that grew out of the pandemic looked all but certain to expire on December 31, as Republicans on Wednesday blocked a last-ditch effort by Democrats to maintain it. By a vote of 204-203, the House voted to stop the last-minute move by Democrats, aide[...]
Tariffs have cost U.S. households $1,200 each since Trump returned to the White House, Democrats say
Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.
Fed’s Waller says he ‘absolutely’ would defend US central bank’s independence
NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller, who is on the short list to succeed Fed Chair Jerome Powell next year, said on Wednesday he would “absolutely” defend the central bank’s independence if it were challenged by a U.S. president. Waller, who is set to meet with Preside[...]
Google works to erode Nvidia’s software advantage with Meta’s help
Dec 17 (Reuters) – Alphabet’s Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia’s longstanding dominance of the AI computing market, according to people familiar[...]
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
Oil prices rose more than 1% after Trump ordered a blockade of sanctioned Venezuelan oil tankers, tightening supply risks.
Warner Bros Discovery board rejects rival bid from Paramount
LOS ANGELES, Dec 17 (Reuters) – Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday, saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently mi[...]
PayPal applies to form its own bank to expand small-business lending
PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance coverage, the payments company said Monday. PayPal has submitted applications to authorities in Utah and to the Federal Deposit In[...]
Incoming Kraft Heinz CEO says he endorses split, reserves right to improve it
Incoming Kraft Heinz CEO Steve Cahillane supports the company’s split into two businesses but says plans could still be refined.
Unemployment rate rises, signaling weakness in the economy
The economy is flashing new warning signs, as the U.S. labor market shed jobs over October and November, and the unemployment rate ticked up to 4.6 percent, the highest level since 2021. Job gains of 64,000 in November exceeded expectations but only partially offset the loss of 105,000 jobs in October. Those losses, the sharpest[...]
