Finance
AI Summary
- The U.S. has postponed additional tariffs on Chinese semiconductors until 2027, citing ongoing investigations into unfair trade practices by China.
- Major oil blockades by the U.S. are stifling Venezuela's economy and pushing Cuba closer to a collapse, due to its reliance on Venezuelan oil supplies.
- Durable goods orders in the U.S. showed a decline in October which could indicate shifting economic trends and concern over consumer spending.
- Big U.S. banks have collectively added $600 billion in market value, driven by recent deregulation efforts that have allowed for higher leverage and modified stress tests.
- Gold and silver prices have surged to new highs amid increasing demand; this trend is attracting significant trading interest from banks and traders in the commodities market.
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Sources
Wall Street Journal
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U.S. Delays New Tariffs on Chinese Chips Until 2027
3 hours ago
by Sabrina Siddiqui
The Trump administration accused China of employing unfair trade practices in the semiconductor industry but said it would hold off on imposing additional tariffs.
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U.S. Sanctions Former EU Official Over Digital-Content Law
6 hours ago
by Kim Mackrael
The travel restrictions target Thierry Breton and four others deemed “agents of the global censorship-industrial complex.”
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Zelensky Proposes Demilitarized Zone in Eastern Ukraine as Way to Peace
6 hours ago
by Anastasiia Malenko
The Ukrainian president said he would be willing to pull troops from Donetsk provided Russia did the same.
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Christmas in Ukraine Approaches With Power Grid in Crisis
16 hours ago
by Ian Lovett
Moscow has launched far more drones and missiles than in previous years, leaving energy supplies at a tipping point.
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The U.S. Offered Putin’s Closest Ally Sanctions Relief—and a Weight-Loss Drug
18 hours ago
by Annie Linskey
Engaging one of the world’s most repressive regimes, Trump envoy bonded with Belarusian dictator over Zepbound and obtained the release of hundreds of prisoners.
Financial Times
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Tech groups shift $120bn of AI data centre debt off balance sheets
15 hours ago
by FT Client Support
Creative financing helps insulate Big Tech while binding Wall Street to a future boom or bust
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‘The gap is widening’: inside Donald Trump’s K-shaped economy
15 hours ago
by FT Client Support
In the president’s second term the rich have got richer and the poor are getting poorer
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Subscription overload is exhausting Americans
15 hours ago
by FT Client Support
The battle for Warner Bros could be the last straw for cash-strapped viewers
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No, you can’t tell when something was written by AI
15 hours ago
by FT Client Support
Context matters as much as content in determining whether text is machine generated or not
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Zelenskyy open to demilitarised zone as part of peace deal if Russia pulls back
7 hours ago
by FT Client Support
Ukraine’s offer comes as Putin insists his hardline demands must form the basis for any end to the war
CNBC
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These 5 infrastructure stocks have more than tripled this year on the AI trade
4 hours ago
While Nvidia has been the biggest infrastructure winner during the AI boom, other data center stocks have performed better this year.
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Amazon faces 'leader's dilemma' — fight AI shopping bots or join them
4 hours ago
Agents like OpenAI's Instant Checkout and Perplexity's Instant Buy threaten to reshape the e-commerce landscape.
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Free streaming service Tubi is rivaling major players for viewership. Here's how it's winning
3 hours ago
Fox's Tubi outpaced Peacock and HBO Max for share of streaming minutes in Nielsen's November Gauge report.
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'Witch hunt': Ex-EU commissioner Breton denounces U.S. visa ban targeting 'censorship'
6 hours ago
The former EU commissioner and four anti-disinformation campaigners were the subject of U.S. travel sanctions.
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It's too late for some last-minute tax moves — but these can be tackled with days to go in 2025
6 hours ago
There's still time to boost your refund or reduce your tax bill for 2025. But your last chance is Dec. 31.