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Stocks rise on Wall Street as AI stocks turn higher again
US stocks rose Friday, with tech and AI shares lifting the S&P 500 and Nasdaq to weekly gains, even as investors weighed inflation, tariffs and slowing growth.
Georgia regulators approve huge electric generation increase for data centers
Georgia regulators approved a $16.3 billion Georgia Power expansion to supply electricity to data centers, a move critics say could leave customers paying higher bills if demand projections fail.
Head of workplace rights agency urges white men to report discrimination
The head of the EEOC urged white men to report alleged race or sex discrimination linked to DEI programs, sparking criticism over agency priorities and civil rights enforcement.
Sony buys a majority stake in the ‘Peanuts’ comic for $457 million from Canada’s WildBrain
Sony is buying a 41% stake in the Charles M. Schulz comic “Peanuts” and its characters including Snoopy and Charlie Brown from Canada's WildBrain in a $457 million deal.
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.
