We're downgrading a retail stock – plus, Evercore initiates 2 stocks with buys

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will…

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

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US green card holder sues ICE over claims of ‘violent assault’

When they arrived at the courthouse four unmarked ICE vehicles “surrounded and blocked” Ramirez Sanan’s car, according to the lawsuit. “ICE officers questioned the shaking, crying 13-year-old about his legal…

When they arrived at the courthouse four unmarked ICE vehicles “surrounded and blocked” Ramirez Sanan’s car, according to the lawsuit. “ICE officers questioned the shaking, crying 13-year-old about his legal status, age, and who he lived with. Her lawyers said she suffered a concussion, bruising, and a radial nerve palsy from her arm was twisted while ICE officers handcuffed her. “My family is broken and will never be the same,” Ramirez Sanan said. “The ICE officers did not even identify themselves, let alone provide an explanation or warrant, before violently assaulting the family.

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Exam board Pearson fined £2m for ‘serious’ breaches in standards

One of the world’s biggest providers of educational services has been fined more than £2m for a range of serious breaches related to examination standards that could have affected tens…

One of the world’s biggest providers of educational services has been fined more than £2m for a range of serious breaches related to examination standards that could have affected tens of thousands of students. The cases concerned GCSE English language exams, A-level spoken Chinese and an online English proficiency test. In the case of the English proficiency test, Pearson was fined £750,000 when it emerged that in 2023 it had allowed about 5% of candidates to take the test online at home, rather than at a secure centre. The GCSE English breach concerned the risk of inconsistent grading standards. Ofqual fined Pearson £1.2m in 2022 for failures with reviews of marking arrangements between 2016 and 2019.

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Trinidad and Tobago to give US access to its airports as Venezuela tensions grow

The government of Trinidad and Tobago has announced it will allow the US military access to its airports in coming weeks as tensions build between the US and Venezuela. The…

The government of Trinidad and Tobago has announced it will allow the US military access to its airports in coming weeks as tensions build between the US and Venezuela. The announcement follows the recent installation of a radar system at the airport in Tobago. But critics of the government say Trinidad and Tobago risks being drawn into Donald Trump’s pressure campaign against Venezuela’s dictator, Nicolás Maduro. It has two main airports: Piarco international in Trinidad and ANR Robinson international in Tobago. In October, a US warship docked in Trinidad’s capital as the administration of Donald Trump increases military pressure on Venezuela.

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Any Russia-Ukraine deal is doomed without security guarantees, says Starmer

A peace deal between Russia and Ukraine will fail unless it is backed up by “robust” security guarantees from western powers, the UK prime minister has said. Starmer said: “European…

A peace deal between Russia and Ukraine will fail unless it is backed up by “robust” security guarantees from western powers, the UK prime minister has said. Starmer said: “European history is full of peace agreements that failed and sometimes led to even greater conflict. Starmer hosted the Ukrainian president along with the French president, Emmanuel Macron, and the German chancellor, Friedrich Merz, at Downing Street last week in a coordinated show of support. In return Zelenskyy and his European allies are pushing for “article-5-like” security guarantees from Europe and the US, referring to Nato’s founding principle that an attack on one member country should be seen as an attack on all. Starmer has said the UK is willing to commit troops to defend Ukrainian sovereignty as part of a multinational force.

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Morrisons becomes first UK supermarket to delay net zero targets

Morrisons has become the first UK supermarket chain to postpone its net zero carbon emission targets, delaying them by 15 years to 2050. Britain’s fifth-biggest grocer said its new targets…

Morrisons has become the first UK supermarket chain to postpone its net zero carbon emission targets, delaying them by 15 years to 2050. Britain’s fifth-biggest grocer said its new targets would cover the entire supply chain, as well as Morrisons stores, including emissions from agriculture and land-use sources. The Bradford-based company said it had achieved a 22% reduction in total carbon emissions since 2019, its baseline, through operational changes, energy-efficiency projects, lower-carbon logistics and collaboration with its suppliers. The government, under energy secretary Ed Miliband, has a target of reaching net zero in the UK by 2050, with interim carbon budgets for 2030 and beyond. The German discounter Lidl has moved closer to overtaking Morrisons as the UK’s fifth biggest supermarket chain, behind Tesco, Sainsbury’s, Asda and Aldi.

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No news whatsoever as Keir bores everyone to death. He’s a natural | John Crace

An afternoon with Keir Starmer isn’t necessarily many people’s idea of fun. To be fair, Keir also gives the impression he would rather not spend the afternoon with himself. He’s…

An afternoon with Keir Starmer isn’t necessarily many people’s idea of fun. To be fair, Keir also gives the impression he would rather not spend the afternoon with himself. He’s a man who has no trouble putting himself to sleep with his tortured use of English. Mind you, he isn’t the first prime minister to have worked out that boring the committee to death is the best strategy. This farm tax wasn’t targeting farmers.

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Gaza authorities struggle to recover bodies from rubble amid winter storms

Authorities in Gaza have warned that stormy weather could spur more war-damaged buildings to collapse and heavy rains are making it more difficult to recover bodies still under the rubble.…

Authorities in Gaza have warned that stormy weather could spur more war-damaged buildings to collapse and heavy rains are making it more difficult to recover bodies still under the rubble. The bodies were recovered from a multistorey building bombed in December 2023 where about 60 people, including 30 children, were believed to be sheltering. Gaza Civil Defence spokesman Mahmoud Basal called on the international community to provide mobile homes and caravans for displaced Palestinians rather than tents. Nassar went out to buy some necessities on Friday and returned to a scene of carnage as rescue workers struggled to pull bodies from the rubble. Israel’s continuing ban on the entry of heavy machinery into the Gaza Strip is a violation of the ceasefire, he added.

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Zillow shares are getting crushed. Here's why

Zillow shares plunged more than 9% on Monday on worries that the online real estate platform could have a big new competitor: Google Search. Google appears to be running tests…

Zillow shares plunged more than 9% on Monday on worries that the online real estate platform could have a big new competitor: Google Search. Google appears to be running tests on putting real estate sale listings into its search results. Over the weekend, real estate tech strategist Mike DelPrete published mobile phone screenshots of Google Search results showing real estate listings, which appeared to be powered by real estate data company "HouseCanary." The decline in Zillow signals investors are bracing for the eventual impact of Google's foray into the real estate market. We would expect a similar approach in real estate, with Zillow, Homes.com, Realtor.com, etc.

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New York AG sues UPS for allegedly shorting Christmas season workers' wages

New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on December 15, 2025 in New York City. New York Attorney General…

New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on December 15, 2025 in New York City. New York Attorney General Letitia James accused delivery giant UPS of cheating seasonal holiday workers out of millions of dollars in legally owed wages, according to a new lawsuit filed Monday. The suit in Manhattan Supreme Court, filed 10 days before Christmas, alleges that UPS failed to pay seasonal workers minimum wages, promised wages, and overtime wages, in violation of state and federal labor law. The suit notes that during its peak season, which runs from October to January, UPS hires thousands of temporary workers at at least 55 facilities in New York state. UPS, in a statement, said, "We are aware of the news from the New York Attorney's General Office and, as a matter of policy, do not comment on ongoing litigation.

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Labour donor Dale Vince criticised for post following Bondi beach attack

However, he was criticised by Kemi Badenoch, the Conservative leader, who called on Keir Starmer to condemn Vince. A Labour spokesperson said there “can never and should never be any…

However, he was criticised by Kemi Badenoch, the Conservative leader, who called on Keir Starmer to condemn Vince. A Labour spokesperson said there “can never and should never be any excuses made for barbaric acts of terrorism”. It is understood that Vince is not a Labour member, and has not donated to the party since May 2024. In a post sent on Sunday afternoon, the same day as the gun attack at Bondi beach, Vince quoted Benjamin Netanyahu, the Israeli prime minister, saying “antisemitism spreads when leaders stay silent”. 3:22 'We had nowhere to go': eyewitnesses recount Bondi beach mass shooting – videoIn a later statement, Vince said: “To be clear – Netanyahu blamed Australian government policy for the terror attack at Bondi Beach.

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US social media rules for tourists could have ‘chilling effect’ on travel

A group representing the United States travel and tourism industry has warned that a proposal to require millions of foreign visitors to provide social media handles used over the past…

A group representing the United States travel and tourism industry has warned that a proposal to require millions of foreign visitors to provide social media handles used over the past five years could have a “chilling effect” on visits to the US. It would require travellers from countries in the visa waiver programme to submit the social media data. They must complete an Electronic System for Travel Authorization (ESTA) form, which under the change would require the submission of social media handles. The US State Department said earlier this month that effective December 15, it is requiring all H-1B work visa applicants and their dependents to adjust the privacy settings on all of their social media profiles to “public” in order for the department to review social media posts by applicants. US travel businesses are banking on the event to help rebound from a drop in tourism since Trump took office.

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Ukraine peace talks progressing, Russia open to EU membership, U.S. officials say

Ukraine's President Volodymyr Zelensky delivers a press conference with the German Chancellor at the Chancellery in Berlin, on December 15, 2025. President Donald Trump's special envoy Steve Witkoff and his…

Ukraine's President Volodymyr Zelensky delivers a press conference with the German Chancellor at the Chancellery in Berlin, on December 15, 2025. President Donald Trump's special envoy Steve Witkoff and his son-in-law Jared Kushner on Monday joined negotiations with Ukrainian President Volodymyr Zelenskyy in Berlin, which began Sunday. "We believe the Russians, in a final deal, will accept all these things, which will allow for a … strong and free Ukraine," one official said. The official added that the Russians were open to Ukraine joining the European Union. Officials said that about 90% of the issues between Ukraine and Russia have been resolved.

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ICC rejects Israeli bid to block Gaza war crimes investigation

The decision comes amid mounting international pressure over the humanitarian toll of Israel’s genocidal war on Gaza. The appeals chamber of the International Criminal Court (ICC) has rejected one of…

The decision comes amid mounting international pressure over the humanitarian toll of Israel’s genocidal war on Gaza. The appeals chamber of the International Criminal Court (ICC) has rejected one of Israel’s legal challenges seeking to block an investigation into its actions in the genocidal war against the Palestinian people in Gaza, dealing a blow to Israel’s efforts to derail the case. In their decision issued on Monday, judges refused to overturn a lower court decision allowing the ICC prosecutor to investigate alleged crimes in Israel’s war on Gaza following the Hamas-led attack on southern Israel on October 7, 2023. Israel does not recognise the jurisdiction of the Hague-based court and has repeatedly denied committing war crimes in Gaza. Judges rejected that argument, ruling that the original notification issued in 2021 – when the ICC formally opened its investigation into alleged crimes in occupied Palestine – already covered later events.

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OpenAI poaches Google executive to lead corporate development

OpenAI has hired Google's Albert Lee to lead corporate development, a spokesperson for the artificial intelligence startup confirmed to CNBC. Lee previously led corporate development for Google Cloud and Google…

OpenAI has hired Google's Albert Lee to lead corporate development, a spokesperson for the artificial intelligence startup confirmed to CNBC. Lee previously led corporate development for Google Cloud and Google DeepMind. He worked on several of Google's high-profile acquisitions, including its $32 billion purchase of the cloud security startup Wiz, which the company announced in March. Most recently, OpenAI earlier this month announced a definitive agreement to acquire Neptune, a startup that helps with AI model training. Earlier this month, OpenAI announced Slack CEO Denise Dresser will serve as its chief revenue officer.

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Man who documented Uyghur camps in China may face removal from US after ICE arrest

The case could see him taken out of the United States and potentially landing back in China eventually. “I’m really, really worried that things will be very bad for him…

The case could see him taken out of the United States and potentially landing back in China eventually. “I’m really, really worried that things will be very bad for him if he is made to return,” Guan’s mother, Luo Yun, told AFP in Chinese. “If he has a chance to remain in the United States, he’ll at least be safe,” she said. Guan left China after filming the videos, eventually entering the United States following travels through South America. He’s still young, and has a long life ahead,” said Guan’s mother.

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Police face super-complaint in England and Wales over lengthty delays in sexual offence investigations

A super-complaint has been filed against police forces in England and Wales over years-long delays in investigating sexual offences. More than 37,000 sexual offence investigations have taken longer than three…

A super-complaint has been filed against police forces in England and Wales over years-long delays in investigating sexual offences. More than 37,000 sexual offence investigations have taken longer than three years to conclude over the past decade, campaigners said. The super-complaint accuses police of routine de-prioritisation of some sexual offence cases, poor collaboration with the Crown Prosecution Service, and staffing, resourcing and case management issues. The super-complaint highlighted the case of a woman who reported childhood sexual abuse, including rape, to the police in December 2014. The organisations’ complaint comes at a time of unprecedented delays and challenges across the criminal justice system, particularly in sexual offence cases.

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US puts £31bn tech ‘prosperity deal’ with Britain on ice

The US has paused its promised multi-billion-pound investment into British tech over trade disagreements, marking a serious setback in US-UK relations. The £31bn “tech prosperity deal”, hailed by Keir Starmer…

The US has paused its promised multi-billion-pound investment into British tech over trade disagreements, marking a serious setback in US-UK relations. The £31bn “tech prosperity deal”, hailed by Keir Starmer as “a generational stepchange in our relationship with the US” when it was announced during Donald Trump’s state visit, has been put on ice by Washington. As part of the deal, US tech companies pledged to spend billions in the UK, including a £22bn investment from Microsoft and £5bn from Google. At a press conference at Chequers in September, where he unveiled the tech prosperity deal, Starmer said it had “the power to change lives” and “renewed the special relationship for a new era”. The three shortlisted candidates are the prime minister’s business adviser, Varun Chandra, who was central to negotiating the prosperity deal; Christian Turner, the incoming ambassador to the UN; and Nigel Casey, the ambassador to Russia.

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Honduras election official says ‘disturbances’ preventing vote recount

The head of Honduras’s National Electoral Council (CNE) has decried acts preventing the ongoing recount of the Central American country’s presidential election, as a regional body said there was no…

The head of Honduras’s National Electoral Council (CNE) has decried acts preventing the ongoing recount of the Central American country’s presidential election, as a regional body said there was no reason to suspect fraud in the November 30 vote. At least 99 percent of votes have already been counted, but CNE has said that nearly 2,800 ballots will need to be re-examined through a special recount. In a post on X, Hall said disturbances seen in the country’s capital, Tegucigalpa, have “prevented the necessary conditions for the special recount to begin”. The most prominent scandal involved an investigation by the attorney general into a member of Asfura’s National Party for allegedly discussing plans with a military officer to influence the vote. The US president also pardoned former Honduran President and National Party member Juan Orlando Hernandez, who had been convicted in the US of drug trafficking, two days before the vote.

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AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide

In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom , CoreWeave and Oracle , three companies intimately tied to the AI infrastructure buildout,…

In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom , CoreWeave and Oracle , three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. "It definitely requires the ROI to be there to keep funding this AI investment," Matt Witheiler, head of late-stage growth at Wellington Management, told CNBC's "Money Movers" on Monday. "From what we've seen so far that ROI is there." Still, the market was displeased last week with quarterly earnings reports from chipmaker Broadcom and cloud infrastructure supplier Oracle, even though both companies beat on revenue and issued forecasts showing that AI demand is soaring.

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Former Instacart employee says she was fired over her Democratic congressional campaign

A former Instacart employee running for Congress alleges in a lawsuit that the company fired her out of concern that her Democratic political views could lead to backlash from the…

A former Instacart employee running for Congress alleges in a lawsuit that the company fired her out of concern that her Democratic political views could lead to backlash from the Trump administration. Khanna, who goes by Lisa, accuses the grocery delivery giant of reversing its initial approval for her congressional bid after reviewing a copy of her campaign website's policy positions, "specifically support for abortion rights and gun control." Instacart suddenly determined "that the potential risk of Republican backlash to the company outweighed Ms. Khanna's right to run for public office," alleges the lawsuit, which was first reported by The Washington Post earlier Monday. "Less than two weeks later it terminated her because of her stated policy positions," Khanna's attorneys allege. An Instacart spokesperson, in an emailed statement to CNBC, said, "Khanna's claim that her separation from Instacart was somehow politically motivated is flat out false."

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One of our chipmakers has become a tech battleground stock — plus, an update on Linde

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Linde…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Linde update : Don't miss Linde CEO Sanjiv Lamba on "Mad Money" on Monday night. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

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Officials fear NHS will be hit hard after resident doctors reject latest offer

Hospitals are cancelling tens of thousands of appointments and operations after resident doctors voted overwhelmingly to reject a last-ditch government offer to avoid this week’s strike. The Patients Association called…

Hospitals are cancelling tens of thousands of appointments and operations after resident doctors voted overwhelmingly to reject a last-ditch government offer to avoid this week’s strike. The Patients Association called for third-party arbitration after resident doctors voted 83% to 17% against a deal the BMA called “too little, too late”. In a direct appeal to resident doctors, Streeting asked them to work normally this week, despite the union’s stance. In addition, the government’s pay offer to resident doctors for 2026/27 – a 2.5% uplift in their salaries, despite inflation being closer to 4% – represented a “real-terms pay cut”, he added. “Despite NHS leaders working increasingly hard to prepare for these strikes, we are concerned if resident doctors walk out during a record flu surge it could put patient safety at risk,” said Rory Deighton, the NHS Confederation’s acute and community director.

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Australia faces gun control reckoning after Bondi Beach attack

NewsFeed Australia faces gun control reckoning after Bondi Beach attackAustralia’s past gun reform efforts have long been applauded as a gold standard, but after Sunday’s Bondi Beach attack, many are…

NewsFeed Australia faces gun control reckoning after Bondi Beach attackAustralia’s past gun reform efforts have long been applauded as a gold standard, but after Sunday’s Bondi Beach attack, many are asking what went wrong and what more can be done. Al Jazeera’s Jillian Wolf explains.

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Hollywood director Rob Reiner, wife, murdered in Los Angeles home

NewsFeed Hollywood director Rob Reiner, wife, murdered in Los Angeles homeHollywood director and actor Rob Reiner, 78, and his wife Michele were found dead at their Los Angeles home. Investigators…

NewsFeed Hollywood director Rob Reiner, wife, murdered in Los Angeles homeHollywood director and actor Rob Reiner, 78, and his wife Michele were found dead at their Los Angeles home. Investigators are probing their deaths as homicides. Both victims suffered stab wounds. Reiner’s son has been arrested and is being held on $4 million bail.

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Ukraine claims strike on Russian submarine in Novorossiysk with sea drones

Kyiv says Kilo-class submarine is knocked out of operation in the first such attack using Sea Baby drones. Ukraine has carried out a successful underwater drone strike on a Russian…

Kyiv says Kilo-class submarine is knocked out of operation in the first such attack using Sea Baby drones. Ukraine has carried out a successful underwater drone strike on a Russian submarine in the port of Novorossiysk, causing critical damage to the vessel, its domestic security service says. In a statement on Monday, the Security Service of Ukraine (SBU) said the Kilo-class submarine was knocked out of operation in the first such attack by Sea Baby drones. “The Security Service of Ukraine carried out another unique special operation and launched a naval attack in the port of Novorossiysk,” the SBU said on Telegram. The SBU said the submarine “carried four Kalibr cruise missile launchers” used to strike Ukrainian territory.

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Lawyers accuse DoJ of political pressure in University of California antisemitism investigation

Nine attorneys, some of whom requested anonymity, shared insider accounts with the Los Angeles Times of the federal government’s investigation into California’s research university system. But last month a federal…

Nine attorneys, some of whom requested anonymity, shared insider accounts with the Los Angeles Times of the federal government’s investigation into California’s research university system. But last month a federal judge blocked the Trump administration from withholding funding and threatening fines against the UC. The university paid $6.5m to settle a lawsuit by Jewish students and a professor, and said it had “fallen short”. Still, he said: “We believed that such a lawsuit had significant weaknesses.”Another described the UCLA investigation as “fraudulent and [a] sham”. The US Department of Justice and the University of California did not immediately respond to a request for comment.

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Morocco advances to FIFA Arab Cup final after defeating UAE 3-0

Morocco advances to FIFA Arab Cup final after defeating UAE 3-0NewsFeed Morocco advances to FIFA Arab Cup final after defeating UAE 3-0Morocco has earned itself a spot in the FIFA…

Morocco advances to FIFA Arab Cup final after defeating UAE 3-0NewsFeed Morocco advances to FIFA Arab Cup final after defeating UAE 3-0Morocco has earned itself a spot in the FIFA Arab Cup final after soundly defeating the UAE 3-0 in Monday’s semi-final at Khalifa International Stadium in Qatar.

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Judge in Wisconsin, US faces trial over claims of aiding ICE evasion

Trump administration has upped pressure on local officials accused of inhibiting enforcement amid US deportation push. The trial has begun for a Wisconsin judge accused by the administration of US…

Trump administration has upped pressure on local officials accused of inhibiting enforcement amid US deportation push. The trial has begun for a Wisconsin judge accused by the administration of US President Donald Trump of helping a man evade immigration authorities, and therefore obstructing the president’s mass deportation drive. Critics have accused the Trump administration of using Dugan’s case to chill opposition among local officials. Many jurisdictions across the country have policies that prevent local authorities from directly coordinating with federal immigration officials. AdvertisementWhile those policies are not illegal, the Trump administration has vowed to prosecute anyone it considers to be obstructing enforcement.

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New Trump tariffs collection hits $200 billion, Customs says

U.S. President Donald Trump smiles from the field before the 126th America's Game between the Army Black Knights and the Navy Midshipmen at M&T Bank Stadium on Dec. 13, 2025…

U.S. President Donald Trump smiles from the field before the 126th America's Game between the Army Black Knights and the Navy Midshipmen at M&T Bank Stadium on Dec. 13, 2025 in Baltimore, Maryland. The United States has collected more than $200 billion in tariffs this year as a result of new duties imposed by President Donald Trump since the beginning of 2025, the Customs and Border Protection agency said Monday. The $200 billion tally is only for the new tariffs, not for tariffs imposed during Trump's first term in the White House. Those earlier tariffs do not face legal challenges, as the new tariffs do. Trump earlier this year unilaterally imposed, without congressional authorization, what he calls reciprocal tariffs on imports from most of the world's nations.

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Ford to record $19.5 billion in special charges related to EV pullback

DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the…

DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday. The automaker said Monday it was increasing its guidance of adjusted earnings before interest and taxes to about $7 billion in 2025. That's in line with a target from earlier this year, before the company lowered expectations to between $6 billion and $6.5 billion in adjusted EBIT in October. The charges announced Monday, including $8.5 billion in writedowns of EV assets, are connected to major changes to Ford's business plans. The changes are the latest under Ford CEO Jim Farley and his "Ford+" restructuring plan that has taken on many different forms since he initially announced it as an EV growth plan in 2021.

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Pentagon takes big stake in new Korea Zinc smelter in Tennessee, will get 10% of company

Water vapor and smoke rise from a Korea Zinc Co. smelting factory in Ulsan, South Korea, on Monday, Oct. 21, 2024. The Defense Department is getting a 40% stake in…

Water vapor and smoke rise from a Korea Zinc Co. smelting factory in Ulsan, South Korea, on Monday, Oct. 21, 2024. The Defense Department is getting a 40% stake in a $7.4 billion mineral smelter to be built in Tennessee in partnership with Korea Zinc, Reuters reported Monday. The critical minerals smelting and processing facility could produce 540,000 tons of materials in the U.S. per year, according to the U.S. Commerce Department. The deal comes as the U.S. seeks to form critical mineral partnerships that are not dependent on China. The government and investors would then control 10% of Korea Zinc, according to the news outlet.

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How surprise year-end income could derail your tax strategy — and how to plan for it

Akio Maeshima | Digitalvision | Getty ImagesYear-end financial planning is tricky — and surprise portfolio income can derail your tax strategy, experts say. You calculate taxable income by subtracting the…

Akio Maeshima | Digitalvision | Getty ImagesYear-end financial planning is tricky — and surprise portfolio income can derail your tax strategy, experts say. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income. Year-end income from ETFs and mutual fundsWhen calculating taxable income, it's easy to overlook year-end income from exchange-traded funds or mutual funds, experts say. Plan for year-end ETF or mutual fund incomeWhile mutual funds typically provide estimates for year-end payouts, you may not know the exact amount until you receive it. If you exceed the taxable income limit, you'll pay 15% or 20% on the amount you're over the 0% bracket.

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Washington state orders immediate evacuation in three Seattle suburbs

Officials in Washington state ordered immediate evacuations in three south Seattle suburbs on Monday after a levee failed following a week of heavy rains. The evacuation order from King county…

Officials in Washington state ordered immediate evacuations in three south Seattle suburbs on Monday after a levee failed following a week of heavy rains. The evacuation order from King county covered homes and businesses east of the Green River in parts of Kent, Auburn and Tukwila. The levee breach followed a week of record-level flood waters that triggered widespread evacuations. An extraordinarily strong system known as an atmospheric river dropped more than a foot of rain, flooding rivers that stretch across the state toward Canada to dangerous levels. Mudslides tore through communities, washing away homes and stranding families on rooftops as they waited for rescue.

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Trump says he's 'strongly' considering reclassifying pot via executive order

Pot stocks failed to light up for a second day on Monday even after President Donald Trump confirmed he's considering an executive order loosening regulations on marijuana. The Amplify Seymour…

Pot stocks failed to light up for a second day on Monday even after President Donald Trump confirmed he's considering an executive order loosening regulations on marijuana. The Amplify Seymour Cannabis ETF (CNBS) took a leg up in afternoon trading after Trump said he was weighing reclassifying the drug. Still, the fund was down nearly 7% with investors taking profits following a surge of more than 50% on Friday. When asked Monday if he was looking at an executive order on rescheduling weed, Trump responded "We are considering that." A person familiar with the matter told CNBC an order from the White House could come as soon as Monday.

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Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin

A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. The launch of Tesla Inc.'s driverless taxi service Sunday…

A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. The launch of Tesla Inc.'s driverless taxi service Sunday is set to begin modestly, with a handful of vehicles in limited areas of the city. "Testing is underway with no occupants in the car," CEO Elon Musk wrote in a post on his social network X over the weekend. While that still hasn't happened, the company unveiled a Robotaxi-branded ridehail app and service in Austin in June, and a separate car service in the San Francisco Bay Area soon after. Tesla hasn't said when it will be able to operate a ride-hailing service without human safety supervisors or drivers on board.

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Frontier Airlines replaces CEO Barry Biffle with carrier's president

Barry Biffle, president and chief executive officer Frontier Airlines, prior to a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing in Washington, DC, US, on Tuesday, Sept.…

Barry Biffle, president and chief executive officer Frontier Airlines, prior to a Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing in Washington, DC, US, on Tuesday, Sept. 30, 2025. Frontier Group Holdings , the parent of budget carrier Frontier, replaced its CEO, Barry Biffle, with the airline's president, the company said Monday. James Dempsey, the company's president, is taking over as interim CEO, effective immediately. "We believe Jimmy is uniquely qualified to guide our airline into the future." Biffle and Frontier didn't immediately respond to requests for comment.

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PayPal applies to form bank that can offer small business loans and savings accounts

PayPal said Monday that it has applied for approval to form PayPal Bank, which would be able to offer loans to small businesses. "Establishing PayPal Bank will strengthen our business…

PayPal said Monday that it has applied for approval to form PayPal Bank, which would be able to offer loans to small businesses. "Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the U.S.," PayPal CEO Alex Chriss said in a statement. The U.S. Federal Deposit Insurance Corporation will review an application proposing the establishment of PayPal Bank, along with Utah's Department of Financial Institutions, PayPal said. The company, which owns popular payment app Venmo, hopes to also offer interest-bearing savings accounts to its customers, the statement said. In October, PayPal said quarterly revenue increased 7% year over year to $8.42 billion, more than analysts had expected.

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Israel to demolish 25 homes in occupied West Bank’s Nur Shams camp

The Israeli military will demolish 25 residential buildings in the occupied West Bank’s Nur Shams refugee camp this week, according to local authorities. Faisal Salama, the head of the popular…

The Israeli military will demolish 25 residential buildings in the occupied West Bank’s Nur Shams refugee camp this week, according to local authorities. Faisal Salama, the head of the popular committee for the Tulkarem camp, which is near Nur Shams, said the demolition order would affect 100 family homes. Israel launched Operation Iron Wall in the occupied West Bank in January. On Monday, a dozen displaced Nur Shams residents held a demonstration in front of armoured Israeli military vehicles blocking their way back to the camp. ‘Social death’Omer Bartov, a professor of holocaust and genocide studies at Brown University, told Al Jazeera that Israel was “dehumanising” the Palestinian population in the occupied West Bank.

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Merriam-Webster declares 'slop' its word of the year in nod to growth of AI

Merriam-Webster declared "slop" its 2025 word of the year on Monday, a sign of growing wariness around artificial intelligence. Those services, along with TikTok, YouTube and others, are increasingly rife…

Merriam-Webster declared "slop" its 2025 word of the year on Monday, a sign of growing wariness around artificial intelligence. Those services, along with TikTok, YouTube and others, are increasingly rife with AI slop, which can often generate revenue with enough engagement. Spotify said in September that it had to remove over 75 million AI-generated, "spammy tracks" from its service, and roll out formal policies to protect artists from AI impersonation and deception. Just 48% of those surveyed said they had used AI platforms recently, down from 53% in August. WATCH: OpenAI's Sora 2 sparks AI 'slop' backlash

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Trump signs executive order labeling fentanyl ‘weapon of mass destruction’

Label is the latest instance of Trump using militarised, symbolic language to justify US operations against drug smuggling. The administration has repeatedly claimed that international drug smuggling groups are not…

Label is the latest instance of Trump using militarised, symbolic language to justify US operations against drug smuggling. The administration has repeatedly claimed that international drug smuggling groups are not criminal networks bent on profit, but organisations aimed at destabilising the US. The executive order called simply for a series of actions from the heads of executive agencies to “eliminate the threat of illicit fentanyl and its core precursor chemicals to the United States”. Increased threatsThe Trump administration has used efforts to mitigate fentanyl smuggling as a pretext for increasing tariffs on Mexico and China. Trump has repeatedly threatened to begin land attacks on Venezuelan territory to counter drug smuggling.

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Trump says deal to end Ukraine war ‘closer than ever’ after Berlin talks

European leaders say they and the US are committed to working together to provide ‘robust security guarantees’ for Ukraine. US President Donald Trump has said that an agreement to end…

European leaders say they and the US are committed to working together to provide ‘robust security guarantees’ for Ukraine. US President Donald Trump has said that an agreement to end Russia’s war on Ukraine is “closer than ever” after key leaders held talks in Berlin, but several officials said that significant differences remain over territorial issues. “We’re having tremendous support from European leaders. In a statement following the talks, European leaders said they and the US were committed to working together to provide “robust security guarantees” to Ukraine, including a European-led “multinational force Ukraine” supported by the US. German Chancellor Friedrich Merz said Washington had offered “considerable” security guarantees during the Berlin talks.

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Thousands of speeding fines could be cancelled after ‘technical issue’

Thousands of speeding fines could be cancelled after a “technical issue” triggered some speed cameras in England to incorrectly penalise motorists. National Highways has apologised for the error, which meant…

Thousands of speeding fines could be cancelled after a “technical issue” triggered some speed cameras in England to incorrectly penalise motorists. National Highways has apologised for the error, which meant a “very small number” of drivers had been wrongly fined since 2021. Police forces have temporarily stopped issuing fines from variable cameras until they have confidence nobody will be wrongly prosecuted. Safety was never compromised, and we are working with policing to ensure nobody is incorrectly prosecuted in future. If you are affected by this issue, you will be contacted and details of the compensation scheme will be shared in due course.”

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Elon Musk’s net worth hits estimated $600bn as SpaceX prepares for IPO

Elon Musk on Monday became the first person ever worth $600bn, according to Forbes. The news comes on the heels of reports that his SpaceX startup was likely to go…

Elon Musk on Monday became the first person ever worth $600bn, according to Forbes. The news comes on the heels of reports that his SpaceX startup was likely to go public at a valuation of $800bn. Musk, who was the first to surpass $500bn in net worth in October, owns an estimated 42% stake in SpaceX, which is preparing to go public next year. The SpaceX valuation would strengthen Musk’s wealth by $168bn to an estimated $677bn as of 12pm ET on Monday, according to Forbes. Musk, Tesla, SpaceX and xAI did not immediately respond to requests for comment.

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Donald Trump sues BBC for at least $5bn over edit of January 6 speech

Donald Trump has filed a lawsuit against the BBC over its editing of a speech he made to supporters in Washington before they stormed the US Capitol in 2021, requesting…

Donald Trump has filed a lawsuit against the BBC over its editing of a speech he made to supporters in Washington before they stormed the US Capitol in 2021, requesting at least $5bn in damages. The edit, taken from sections of his speech almost an hour apart, suggested Trump told the crowd: “We’re going to walk down to the Capitol and I’ll be there with you, and we fight. We fight like hell.”The BBC did not immediately respond to a request for comment on the lawsuit. Tim Davie, the BBC’s director general, and Deborah Turness, the head of BBC News, resigned over the affair last month. “The BBC has a long pattern of deceiving its audience in coverage of President Trump, all in service of its own leftist political agenda,” the spokesman said.

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‘This has shaken us’: Providence on edge as manhunt for students’ killer goes on

Tension mixed with grief and frustration in Providence on Monday around the Brown University campus, after authorities said they were still searching for a suspect who killed two students. On…

Tension mixed with grief and frustration in Providence on Monday around the Brown University campus, after authorities said they were still searching for a suspect who killed two students. On Monday evening, authorities released video footage of a new person of interest as the manhunt continued and tensions remained high. “It is going to be hard for my city to feel safe going forward. To cope with all that had happened, he went to his job at Rhode Island hospital - the same hospital where injured Brown students are still being cared for – where he is a researcher. She had stopped by with her sister to leave flowers and reflect on the students who were there that day.

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Trump brands fentanyl a ‘weapon of mass destruction’ in drug war escalation

Donald Trump signed an executive order on Monday designating fentanyl as a “weapon of mass destruction” – classifying the synthetic opioid not only a lethal drug, but as a potential…

Donald Trump signed an executive order on Monday designating fentanyl as a “weapon of mass destruction” – classifying the synthetic opioid not only a lethal drug, but as a potential chemical weapon. The US president’s claim that fentanyl could be weaponized for “concentrated, large-scale terror attacks by organized adversaries” has drawn skepticism from drug policy experts. Since early September, the Trump administration has carried out more than 20 strikes against suspected drug vessels in the Caribbean and Pacific, killing more than 80 people. The administration has also falsely blamed fentanyl trafficking on undocumented people, and used fentanyl in its justification for harsher immigration enforcement. Experts have assailed the the Trump administration for cutting staff and resources from key federal agencies that oversee drug addiction treatment and policies.

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US military says deadly strikes carried out on three vessels in eastern Pacific

The US military has launched a fresh round of deadly strikes on foreign vessels suspected of trafficking narcotics. “Intelligence confirmed that the vessels were transiting along known narco-trafficking routes in…

The US military has launched a fresh round of deadly strikes on foreign vessels suspected of trafficking narcotics. “Intelligence confirmed that the vessels were transiting along known narco-trafficking routes in the Eastern Pacific and were engaged in narco-trafficking,” US Southern Command said in a post on X. The US has struck more than 20 vessels in the Pacific and the Caribbean near Venezuela as part of Donald Trump’s escalating campaign against drug trafficking in the region. At least 90 suspected drug smugglers have been killed in the process. The use of the military to attack suspected drug vessels marks a stark departure from historical precedent.

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Højrefløjskandidat vinder valget i Chile

Både Thailand og Cambodja skal overholde den våbenhvile, som de to lande formelt indgik i oktober i en strid om suverænitet over området omkring deres 817 kilometer lange fælles grænse.…

Både Thailand og Cambodja skal overholde den våbenhvile, som de to lande formelt indgik i oktober i en strid om suverænitet over området omkring deres 817 kilometer lange fælles grænse. Det siger en talsperson for præsidenten ved navn Anna Kelly i en udtalelse. Ifølge præsidenten talte han i fredags med både den thailandske premierminister, Anutin Charnvirakul, og den cambodjanske premierminister, Hun Manet, fredag, hvor de angiveligt havde indvilliget i at stoppe kampene. Men i går lød det fra den thailandske leder, at der ikke var nogen våbenhvile. Premierminister Hun Man skrev i går i et opslag på sociale medier, at han hilser et forslag fra den malaysiske premierminister, Anwar Ibrahim, om at stoppe kampene, velkommen.

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