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Court allows Trump-backed cuts to Planned Parenthood's Medicaid funding in 22 states
Appeals court lifts injunction on Medicaid funding cutsLaw applies almost exclusively to Planned Parenthood health centersDemocratic-led states alleged law was unconstitutional retroactive conditionBy Nate Raymond BOSTON, Dec 30 (Reuters) - A U.S. appeals court on Tuesday allowed President Donald...Reuters
Wed, Dec 31
SoftBank completes $41 billion investment in OpenAI, deepening bet on AI
By Krystal Hu Dec 30 (Reuters) - SoftBank Group 9984.T said it completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds that would give the Japanese firm a stake of about 11% in the ChatGPT maker. SoftBank Chief Executive Masayoshi Son has made an " ...Reuters
Wed, Dec 31
Zelenskiy discusses US troop presence in Ukraine with Trump
Says he also brought up 'faked attack' on Putin residence with Trump; no White House commentRussia accuses Kyiv of drone attack, threatens to toughen negotiation stanceFrench source dismisses claims of attack on Putin's residenceUkraine has said report is baseless, meant to prolong warPo...Reuters
Wed, Dec 31
S&P 500, Nasdaq end slightly down in holiday-thin trade, Meta gains on deal
Indexes down: Dow 0.2%, S&P 500 0.14%, Nasdaq 0.23%Meta shares up after it buys AI startup ManusEnergy, communication services stocks outperform peersCiti shares down after Russia sale triggers currency-related hitBy Saeed Azhar, Purvi Agarwal and Nikhil Sharma NEW YORK, Dec 30 (Reuters) - Th...Reuters
Wed, Dec 31
China mandates 50% domestic equipment rule for chipmakers, sources say
Beijing's new chip self-sufficiency mandate to benefit domestic suppliersChinese chipmakers must use 50% domestically made equipment for adding new capacity China has long been dependent on foreign chipmaking equipmentBut US export curbs have forced Chinese fabs to go domestic SINGAPORE, Dec ...Reuters
Wed, Dec 31
Fed officials showed deep divisions at December meeting, minutes show
Minutes covered December 9-10 meetingMost policymakers supported rate cut amid broad debateSome rate cut supporters noted "finely balanced" decisionBy Howard SchneiderDec 30 (Reuters) - The U.S. Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced ...Reuters
Wed, Dec 31
Fed policymakers judged 'ample' levels of reserves warranted bill-buying -minutes
Dec 30 (Reuters) - The Federal Reserve's decision earlier this month to start buying short-dated government bonds came after a recommendation from staff to do so and a judgment by policymakers that the level of reserves had fallen to a targeted "ample" range, minutes of the central bank&...Reuters
Wed, Dec 31
Wall Street closes slightly lower near the end of a banner year; gold rebounds
Fed minutes reveal deep divisions, nuanced debate regarding monetary policyEuropean shares set fresh all-time closing highSilver, gold find footing after startling slump Oil muted as Ukraine peace hopes fade, Middle East tensions flareBy Stephen Culp NEW YORK, Dec 30 (Reuters) - U.S. stocks slumpReuters
Wed, Dec 31
Warner Bros likely to reject Paramount's latest hostile bid, source says
By Dawn Chmielewski Dec 30 (Reuters) - Warner Bros Discovery WBD.O will likely reject Paramount Skydance's PSKY.O amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according ...Reuters
Wed, Dec 31
Ukraine drone attack damages port, gas pipeline in Tuapse, Russia says
Dec 31 (Reuters) - A Ukrainian drone attack damaged port infrastructure and a gas pipeline in a residential area in Russia's Black Sea port of Tuapse, the regional administration said on Wednesday, adding no injuries were reported.Emergency crews were dispatched to repair the damage, the operati...Reuters
Wed, Dec 31
Oil flat as Russia-Ukraine peace hopes fade, Yemen tensions rise
Russia-Ukraine peace talks face setbacks, impacting oil pricesMiddle East tensions rise with Saudi airstrikes in YemenGlobal oil market oversupply may limit price increasesBy Georgina McCartney HOUSTON, Dec 30 (Reuters) - Oil was steady after a choppy session on Tuesday as investors weighed d...Reuters
Tue, Dec 30
Meta to buy Chinese founded startup Manus to boost advanced AI
Manus valued at $2 billion to $3 billion, source saysMeta to integrate Manus into its products, including Meta AIManus raised $75 million this year, led by Benchmark Dec 30 (Reuters) - Meta META.O said on Monday it would acquire Chinese-founded artificial intelligence startup Manus, as the techno...Reuters
Tue, Dec 30
Stocks ease, but eye double-digit gains in 2025 on AI-driven inflows
KOSPI on track for best year since 1999Thai baht up 0.3%Ringgit eyes best year since 2017By Rajasik Mukherjee Dec 30 (Reuters) - Asian stocks pulled back slightly on Tuesday as investors held off big bets at the end of 2025, though most of them remained on track for robust double-digit annual gai...Reuters
Tue, Dec 30
Chicago wheat falls as traders assess Ukraine peace talks developments
BEIJING, Dec 30 (Reuters) - Chicago wheat futures slipped for a third straight session on Tuesday, as traders assessed developments surrounding the Ukraine peace talks and abundant global supplies kept the market under pressure.Corn prices remained steady in light trading, while soybeans posted slig...Reuters
Tue, Dec 30
Gold rebounds as safe-haven flows support demand
Gold price (XAU/USD) edges higher above $4,350 during the Asian trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was gold's largest single-day loss since October.
Fxstreet
Tue, Dec 30
Stocks poised for strong end to year; silver, gold stabilise after sharp slump
Asian shares steadied on Tuesday as investors counted bumper gains heading into year-end trade, while silver and gold found their footing after a sharp pullback from record highs took some froth off the precious metals' searing rally.Reuters
Tue, Dec 30
Novo and Lilly cut prices of weight-loss drugs in China
Dec 29 (Reuters) - Novo Nordisk NOVOb.CO and Eli Lilly LLY.N are lowering prices of their top-selling obesity drugs Wegovy and Mounjaro in China, according to the Danish drugmaker and Chinese drug suppliers. Novo did not give details on the new prices, but media outlet Yicai reported earlier tha...Reuters
Tue, Dec 30
WRAPUP 5-Peace hopes dented as Russia says Ukraine tried to attack Putin residence
Russia says Ukraine attacked one of Putin's residencesUkraine denies accusation as fabrication to block peaceTrump says he was 'angry' when Putin told him about alleged attackUkraine says territorial issue remains unresolved MOSCOW/KYIV, Dec 29 (Reuters) - Russia accused Ukraine on Mo...Reuters
Tue, Dec 30
