South Korea impeaches acting President Han Duck-soo, deepening political turmoil
Han’s predecessor, President Yoon Suk Yeol, was impeached a mere two weeks prior.
Financial News
Nvidia sees ‘remarkable’ influx of retail investor dollars as traders flock to AI darling
Everyday traders bought nearly $30 billion of Nvidia shares on net this year, Vanda data shows.
Nissan could face cost-cutting ‘carnage’ in Honda merger, Carlos Ghosn says
“There is practically no complementarity here,” the former Nissan CEO told CNBC.
Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
Shares of Japanese automaker Honda surged over 15% following its announcement to buy back up to 1.1 trillion yen ($7 billion) of its shares.
Europe’s blockbuster trade deal with South America is deeply controversial. Here’s why
Analysts expect a bumpy ratification process, with farmers and some EU member states warning the deal could create unfair competition for European agriculture.
Government shutdown crisis averted after Biden signs stopgap funding bill
President Joe Biden signed a government funding bill on Saturday that averted a government shutdown.
Government shutdown averted after Senate passes bipartisan House stopgap funding bill
President Biden is expected to sign the bill Saturday.
‘Tariffs all the way’: Trump says European Union must buy U.S. oil and gas in trade ultimatum
Donald Trump made threats of sweeping tariffs on U.S. trading partners a key part of his presidential campaign.
Wharton’s Jeremy Siegel says stock sell-off is ‘healthy’ as cautious Fed gives investors a ‘reality check’
Wharton’s Jeremy Siegel expects the Fed to pare back the number of rate cuts next year, with just one or two reductions.
UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank of England.