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U.S. Cyber Monday Online Sales Surge Past $9.1 Billion as Holiday Shopping Momentum Builds

Dec 02, 2025 02:38 am UTC| Economy

U.S. consumers pushed online spending to new heights this Cyber Monday, generating more than $9.1 billion in sales by early evening, according to Adobe Analytics. The strong performance highlights how shoppers across...

U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses

Dec 02, 2025 02:33 am UTC| Economy Politics Governance

The U.S. Transportation Department has warned Minnesota that it could lose up to $30.4 million in federal highway funding after an audit found the state had improperly issued commercial driver licenses (CDLs) to non-U.S....

Dollar Slips as Weak U.S. Manufacturing Data Increases Pressure for Fed Rate Cuts

Dec 02, 2025 02:05 am UTC| Economy

The U.S. dollar extended its decline on Tuesday as disappointing manufacturing data intensified expectations that the Federal Reserve will cut interest rates at its upcoming policy meeting. The U.S. dollar index fell to...

U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts

Dec 02, 2025 02:02 am UTC| Economy

U.S. stocks closed lower Monday as Wall Street opened the final month of the year with caution ahead of an expected interest rate cut from the Federal Reserve. The SP 500 dipped 0.4%, the Nasdaq Composite fell 0.4%, and...

Intel Boosts Malaysia Operations with Additional RM860 Million Investment

Dec 02, 2025 01:23 am UTC| Business Technology Economy

Malaysia is set to strengthen its position as a regional semiconductor hub after Prime Minister Anwar Ibrahim confirmed that Intel will invest an additional 860 million ringgit (about $208 million) to expand its assembly...

U.S. to Reduce Import Duties on South Korean Autos Under New Trade Agreement

Dec 02, 2025 00:27 am UTC| Politics Economy Governance

The United States will lower import tariffs on South Korean automobiles to 15%, a change that will apply retroactively to November 1, according to Commerce Secretary Howard Lutnick. The adjustment aligns U.S. duties with...

Reeves Rejects Claims of Misleading Public Ahead of UK Autumn Statement

Dec 01, 2025 08:37 am UTC| Politics Economy

UK Chancellor Rachel Reeves has pushed back strongly against accusations that she misled the British public in the weeks leading up to the autumn statement, following scrutiny over a pre-budget speech she delivered on...

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Economy

Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes

Oil prices fell on Friday, ending a two-day rally as traders weighed reports that the United States and Iran were discussing a phased agreement that could eventually reopen the Strait of Hormuz and ease disruptions to...

Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens

The Canadian dollar could remain under pressure through the end of 2026 as diverging monetary policy between the Federal Reserve and Bank of Canada weighs on the currency, according to CIBC Capital Markets. CIBC expects...

Japanese Yen Rebounds as Trump Flags Currency Weakness

The Japanese yen ended a five-day losing streak on Friday, rebounding from the closely watched 160-per-dollar level after Tokyo disclosed that U.S. President Donald Trump had raised concerns about the currencys weakness...

US Comfortable With Canada Trade Standoff as Import Bans Loom

President Donald Trumps administration is prepared to maintain its escalating trade dispute with Canada as new import restrictions approach and Washington threatens additional tariffs on key Canadian industries. U.S. Trade...

Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals

The U.S. dollar weakened on Friday as oil prices retreated, although the currency remained headed for a second consecutive weekly gain as expectations for another Federal Reserve rate hike increased. The Japanese yen,...

Politics

Colombia Extradites FARC Dissident Leader ‘Spider’ to US

Colombia has extradited Geovany Andres Rojas, a senior commander of a dissident faction linked to the former FARC rebel movement, to the United States, where he is wanted on drug-trafficking charges. Rojas, widely known by...

Evan Gershkovich Says FSB Set Trap for 2023 Russia Arrest

Wall Street Journal reporter Evan Gershkovich says Russias Federal Security Service orchestrated an elaborate sting operation that led to his 2023 arrest on espionage charges, according to his first detailed published...

Saudi Arabia Seeks Military Support as Houthi Attacks Escalate

Saudi, Turkish and Pakistani military chiefs were expected to discuss support for Saudi Arabia as escalating Houthi attacks intensify security concerns across the Middle East, while new restrictions on Iranian flights add...

Putin Says Ukraine Peace Proposals Remain on Table

Russian President Vladimir Putin said Friday that proposals aimed at ending the 4-1/2-year war in Ukraine remain under consideration, although Moscow must determine which options best serve Russias interests. Speaking to...

Iran Rejects Nuclear Concessions in Hormuz Deal

Iran will not compromise on its nuclear rights even if the United States accepts Tehrans proposal for reopening the Strait of Hormuz, according to a senior Iranian official, underscoring major obstacles to ending the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...

Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push

SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday. The...

Meta Found Liable in New Mexico Facebook Data Privacy Case

A New Mexico jury has found Meta Platforms liable for misleading consumers about Facebook user privacy and data-sharing practices in a case tied to the Cambridge Analytica scandal. The verdict followed a two-week trial in...

DaVoice Sues Perplexity AI Over Trade Secrets

AI technology startup DaVoice has filed a lawsuit against Perplexity AI in California federal court, accusing the artificial intelligence company of misappropriating trade secrets connected to wake word technology used in...
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