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Decreasing tariff revenue threatens Trump's goal of using income to slash $38 trillion national debt
Business

Economy

Decreasing tariff revenue threatens Trump's goal of using income to slash $38 trillion national debt

By Fortune ・ Dec 12, 2025

According to the Treasury Department’s monthly statement released on Wednesday, the government colle...

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Ripple, Circle, BitGo Among Five Crypto Firms Set to Become Trust Banks
Business

Economy

Ripple, Circle, BitGo Among Five Crypto Firms Set to Become Trust Banks

By CoinDesk ・ Dec 12, 2025

Five digital asset firms have received conditional approvals Friday to become federally chartered tr...

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EU backs indefinite freeze on Russia's frozen cash ahead of big loan plan for Ukraine
Business

Economy

EU backs indefinite freeze on Russia's frozen cash ahead of big loan plan for Ukraine

By BBC ・ Dec 12, 2025

EU backs indefinite freeze on Russia's frozen cash ahead of loan plan for Ukraine 1 hour ago Paul Ki...

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Russian forces ‘completely cut off’ from Kupiansk, says Ukrainian commander
Business

Economy

Russian forces ‘completely cut off’ from Kupiansk, says Ukrainian commander

By Al Jazeera ・ Dec 12, 2025

Ukraine says it has retaken parts of Kupiansk, a town in the northern region of Kharkiv, which Russi...

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Live updates: Thai and Cambodian leaders agree to renew ceasefire, Trump says
Business

Economy

Live updates: Thai and Cambodian leaders agree to renew ceasefire, Trump says

By AP News ・ Dec 12, 2025

The fighting is rooted in a history of enmity over competing territorial claims. These claims largel...

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Europe Gives Up On Its 2035 Internal Combustion Engine Ban
Business

Economy

Europe Gives Up On Its 2035 Internal Combustion Engine Ban

By Jalopnik ・ Dec 12, 2025

Good morning! It's Friday, December 12, 2025, and this is The Morning Shift, your daily roundup of t...

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Iran arrests Nobel Peace Prize laureate Narges Mohammadi
Business

Economy

Iran arrests Nobel Peace Prize laureate Narges Mohammadi

By AP News ・ Dec 12, 2025

DUBAI, United Arab Emirates (AP) — Iran has arrested Nobel Peace Prize laureate Narges Mohammadi, he...

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Fed's Goolsbee says he's uncomfortable front-loading too many rate cuts
Business

Economy

Fed's Goolsbee says he's uncomfortable front-loading too many rate cuts

By CNBC ・ Dec 12, 2025

Chicago Federal Reserve President Austan Goolsbee on Friday explained why he voted against this week...

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Most Americans see higher prices for groceries and gifts, poll finds
Business

Economy

Most Americans see higher prices for groceries and gifts, poll finds

By AP News ・ Dec 12, 2025

WASHINGTON (AP) — This holiday season isn’t quite so merry for American shoppers as large shares are...

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Tariffs explainer: what are they, how do they work, are they a tax
Business

Economy

Tariffs explainer: what are they, how do they work, are they a tax

By Fortune ・ Dec 12, 2025

Until recently, tariffs rarely made headlines. Yet today, they play a major role in U.S. economic po...

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Democrats publish more photos from Jeffrey Epstein estate, including of Donald Trump, Bill Clinton and former prince Andrew - live
Business

Economy

Democrats publish more photos from Jeffrey Epstein estate, including of Donald Trump, Bill Clinton and former prince Andrew - live

By The Guardian ・ Dec 12, 2025

From 52m ago Oversight Democrats publish new tranche of Epstein estate photos featuring Trump, Clint...

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CNBC Daily Open: Record high U.S. stocks as investors rotate out of tech
Business

Economy

CNBC Daily Open: Record high U.S. stocks as investors rotate out of tech

By cnbc.com ・ Dec 12, 2025

The S&P 500 and Dow Jones Industrial Average advanced on Thursday, with both hitting fresh closing r...

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Thailand dissolves parliament amid escalating border strife with Cambodia
Business

Economy

Thailand dissolves parliament amid escalating border strife with Cambodia

By CNBC ・ Dec 12, 2025

Dario Pignatelli | Bloomberg | Getty Images Thailand's king has approved the dissolution of parliame...

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Major strike in Portugal impacts travel and services
Business

Economy

Major strike in Portugal impacts travel and services

By AP News ・ Dec 11, 2025

LISBON, Portugal (AP) — A strike called by Portugal’s two main trade union confederations brought se...

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Treasury Secretary Bessent wants looser financial regulations
Business

Economy

Treasury Secretary Bessent wants looser financial regulations

By AP News ・ Dec 11, 2025

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel...

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Why Timothée Chalamet's Marty Supreme' Press Tour Is So Wild
Business

Economy

Why Timothée Chalamet's Marty Supreme' Press Tour Is So Wild

By Variety ・ Dec 11, 2025

On a cool October evening, Timothée Chalamet summoned New Yorkers to arguably the least desirable pa...

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Jerome Powell just made the best affordability argument for Trump
Business

Economy

Jerome Powell just made the best affordability argument for Trump

By CNN ・ Dec 11, 2025

The main reason Americans are upset about the economy: They are still adjusting to high prices that...

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Portugal hit by severe disruption in first general strike for 12 years
Business

Economy

Portugal hit by severe disruption in first general strike for 12 years

By BBC ・ Dec 11, 2025

Severe disruption hits Portugal in first general strike for 12 years 7 hours ago Alison RobertsLisbo...

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Ukraine hands revised 20-point peace plan proposal to US, official says
Business

Economy

Ukraine hands revised 20-point peace plan proposal to US, official says

By ABC News ・ Dec 11, 2025

LONDON -- Russia's Defense Ministry said its forces shot down at least 287 Ukrainian drones overnigh...

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Trump calls affordability crisis a 'hoax.' The data tells a different story
Business

Economy

Trump calls affordability crisis a 'hoax.' The data tells a different story

By NPR ・ Dec 11, 2025

In the spring of last year, then-President Joe Biden tried to convince skeptical voters that the str...

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Trump says the U.S. has seized an oil tanker off the coast of Venezuela
Business

Economy

Trump says the U.S. has seized an oil tanker off the coast of Venezuela

By NPR ・ Dec 11, 2025

WASHINGTON — President Donald Trump said Wednesday that the United States has seized an oil tanker o...

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Trump says US has seized an oil tanker off the coast of Venezuela
Business

Economy

Trump says US has seized an oil tanker off the coast of Venezuela

By AP News ・ Dec 11, 2025

WASHINGTON (AP) — President Donald Trump said Wednesday that the United States has seized an oil tan...

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Trump says Fed could have 'at least doubled' latest interest rate cut
Business

Economy

Trump says Fed could have 'at least doubled' latest interest rate cut

By CNBC ・ Dec 10, 2025

President Donald Trump on Wednesday said the Federal Reserve's latest decision to cut benchmark inte...

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Trump revives slur while discussing immigrants from Somalia and other 'disgusting' nations
Business

Economy

Trump revives slur while discussing immigrants from Somalia and other 'disgusting' nations

By NBC News ・ Dec 10, 2025

President Donald Trump on Tuesday denigrated immigrants from "shithole countries," reviving a commen...

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Eileen Higgins, after win in runoff race, set to be Miami's 1st female mayor, 1st Democrat in almost 3 decades
Business

Economy

Eileen Higgins, after win in runoff race, set to be Miami's 1st female mayor, 1st Democrat in almost 3 decades

By ABC News ・ Dec 10, 2025

Eileen Higgins, the Democratic former Miami-Dade county commissioner set to become Miami's next mayo...

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Fed Meeting Live Updates: Central Bank Is Expected to Lower Interest Rates
Business

Economy

Fed Meeting Live Updates: Central Bank Is Expected to Lower Interest Rates

By The New York Times ・ Dec 10, 2025

When the Fed last released quarterly economic projections in September, most officials penciled in o...

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Here's why Trump is telling parents to buy fewer toys for their children
Business

Economy

Here's why Trump is telling parents to buy fewer toys for their children

By NJ.com ・ Dec 10, 2025

President Donald Trump is repeating his bizarre toy rationing idea as the holiday gifting season is...

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Miami Election Map Shows Major Voter Shift From Trump to Democrats
Business

Economy

Miami Election Map Shows Major Voter Shift From Trump to Democrats

By Newsweek ・ Dec 10, 2025

Democrat Eileen Higgins won Miami’s mayoral race on Tuesday night, defeating her opponent Emilio Gon...

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Using verified video to track Thailand-Cambodia border clashes
Business

Economy

Using verified video to track Thailand-Cambodia border clashes

By BBC ・ Dec 10, 2025

Fact-checking President Trump’s economy speech Lucy Gilder BBC Verify senior journalist Last night,...

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A divided Fed is set to lower interest rates again, in one of its toughest calls
Business

Economy

A divided Fed is set to lower interest rates again, in one of its toughest calls

By CNN ・ Dec 10, 2025

The Federal Reserve on Wednesday is set to lower borrowing costs again, even as stark divisions pers...

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