Today, the Antitrust Division of the Department of Justice filed a statement of interest in the U.S. District Court for the Eastern District of Pennsylvania in the case of Davis et al. v. Hanna Holdings Inc. The lawsuit, brought by homebuyers, alleges that real-estate brokerages and their trade association, the National Association of Realtors, entered…
Rocket Lab’s largest contract to date solidifies its position as a disruptive force in national security space, redefining the speed and efficiency of satellite production and challenging legacy aerospace primes. Long Beach, California. December 19, 2025 – Rocket Lab USA, Inc., a wholly owned subsidiary of Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”),…
Chip Somodevilla / Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. President Donald Trump has faced no shortage of criticism over his sweeping tariff policy — much of it focused on the risk of higher inflation. But the latest consumer price index report delivered a…
Congressman Pat Ryan Demands FTC Investigation into Collectors Holdings’ Attempt to Monopolize Trading Card Grading Through acquisitions of PSA (2021), SGC (February 2024), and now Beckett (announced December 2025), Collectors has consolidated over 80% of grading volume, leaving only one significant independent competitor Collectors’ dominance is compounded by vertical integration; it controls grading capacity, pricing…
Ford is recalling more than 270,000 electric and hybrid vehicles in the U.S. because of a parking function problem that could lead to them rolling away. The Detroit automaker said that the recall includes certain 2022-2026 F-150 Lightning BEV, 2024-2026 Mustang Mach-E, and 2025-2026 Maverick vehicles. At issue is the integrated park module, which may…
The ousted chair of Ben & Jerry’s has accused the company which owns the brand of threatening to launch a public smear campaign against her. Anuradha Mittal, who chaired Ben & Jerry’s independent board for seven years, told the BBC that Magnum had threatened to publish “defamatory statements” about her if she did not step…
In summary For generations it’s been a near article of faith that homeownership beats out being a renter. In California in 2025, having a landlord has its perks. Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to receive the latest news and commentary on the…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. December 19, 2025 Federal Reserve Board requests public input on “payment account,” which eligible financial institutions could use for the limited purpose of clearing and settling their payments For release at 10:00 a.m. EST The Federal…
By Echo Wang, Joey Roulette and Milana Vinn NEW YORK, Dec 19 (Reuters) – Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering, as the bank’s close ties to CEO Elon Musk give it an edge in his decision, according to three people familiar with the…
In a blog post, Instacart emphasized that it has admitted no wrongdoing and elected to settle to “move forward.” The app defended its “$0 delivery fees” claim by reminding customers that “we clearly and consistently distinguish delivery fees from service fees, which are always shown as a separate, itemized line.” Instacart also noted that subscribers…
U.S. President Donald Trump speaks during an event in the Roosevelt Room of the White House December 19, 2025 in Washington, DC. Trump delivered remarks on lowering prescription drug prices during the event. Alex Wong | Getty Images Several of the largest U.S. and European-based drugmakers inked deals with President Donald Trump on Friday to…
NOHO, Manhattan (WABC) — The MTA has unveiled its latest attempt to crack down on subway fare beaters, which includes a brand new design. We’ve all seen people jumping over the turnstiles to avoid paying, but it’s soon going to be more difficult for fare beaters to do that. The MTA has installed smart fare…
Cursor is buying code review startup Graphite in a deal that brings together two popular tools in AI-powered software development. The companies declined to disclose financial terms of the transaction, but said it involves a mixture of cash and equity. They said Graphite will continue operating as an independent product, but with deeper integration into…
Members of American Airlines’ loyalty program will no longer earn miles or other travel rewards when purchasing a basic economy ticket. People enrolled in the carrier’s AAdvantage program previously earned two miles and loyalty points for each dollar they spent on a regular fare. Now they will only earn points if they buy a more…
Utkarsh Amitabh says he definitely wasn’t in the market for a new job in January 2025, when data labeling startup micro1 approached him about joining its network of human experts who help companies train artificial intelligence models. The U.K.-based, 34-year-old entrepreneur already had a busy schedule as an author, university lecturer, founder and CEO of…
LOWERING DRUG PRICES FOR AMERICAN PATIENTS: Today, President Donald J. Trump announced nine new agreements with major pharmaceutical companies to lower prescription drug prices for Americans in line with the lowest prices paid by other developed nations (known as the most-favored-nation, or MFN, price). The nine manufacturers include Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech,…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Witching hour A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on December…
Eve’s air taxi hovers above a runway on the aircraft’s first test flight that lasted about a minute An electric air taxi start-up spun off from Brazilian aerospace group Embraer has successfully flown a full-scale prototype of its vehicle for the first time, a key milestone in what marks the start of a year-long flight…
When OpenAI declared a “code red” this month to refocus its teams on competing with Google, I couldn’t help but think back to December three years ago when the companies’ roles were reversed. Google was the one blasting the sirens to catch up to OpenAI. What followed the next month, in January 2023, were the…
High home prices, stubbornly high mortgage rates and now less supply are all weighing on potential homebuyers. Sales of previously owned homes rose just 0.5% in November from October and were 1% lower than November 2024, according to the National Association of Realtors. Sales came in at an annualized rate of 4.13 million units. This…
Ford chief executive Jim Farley declared his all-electric F-150 Lightning the “truck of the future” when it was unveiled in 2021. But this week the automaker’s flagship EV pick-up was consigned to the past as part of a spectacular $19.5bn writedown. After its electric “Model e” division amassed more than $13bn in losses since 2023,…
COLUMBUS, Ohio — This week, for the first time, Ohio’s regional power grid operator was unable to buy enough power to meet its own reliability target. “Electricity costs are rising, and reliability is falling because we simply do not have enough supply to meet demand,” said Shayna Fritz, executive director of the Ohio Conservative Energy…
China’s semiconductor manufacturers are upgrading their advanced chipmaking equipment in ways that bypass global export controls, as the country seeks to rival the US in developing artificial intelligence. According to people familiar with the matter, Chinese fabrication plants producing advanced smartphone and AI chips have bolstered the performance of advanced deep ultraviolet lithography (DUV) machines…
In July 2006, The New York Times sent young reporter Alex Berenson to Pfizer to interview me about the company’s future R&D prospects. Given its large R&D budget, it was natural to use Pfizer as a barometer of the pharmaceutical industry, which was in the midst of a productivity slump. In the 1990s, the Food…
Alexandr Wang—who became the world’s youngest self-made billionaire at 24—is now, at 28, running one of the most ambitious AI efforts in Silicon Valley. In his first 60 days at Meta, he built a 100-person lab he described to TBPN hosts John Coogan and Jordi Hays as “smaller and more talent dense than any of…
Josh MartinBusiness reporter Getty Images Retail sales fell unexpectedly in November as Black Friday discounts failed to boost spending, official figures show. Supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years, the Office for National Statistics…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller had a “strong interview” for the central bank chair position…
In this article UNH Follow your favorite stocksCREATE FREE ACCOUNT UnitedHealthcare sign is displayed at its office building in Minnetonka, Minnesota, U.S., Dec. 11, 2025. Tim Evans | Reuters UnitedHealth Group on Friday released the first results from a sprawling independent audit of its business practices and committed to a wide range of steps to…
Nvidia Corp. (NASDAQ:NVDA) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have quietly become the two most dominant forces inside the Magnificent Seven, riding different paths to the same destination: artificial intelligence supremacy. Nvidia’s GPUs remain the backbone of the global AI buildout, powering everything from data centers to cutting-edge model training. Alphabet, meanwhile, is pushing its own…
A Paris court has rejected an effort by the French government to suspend the website of fast-fashion giant Shein in response to it selling childlike sex dolls on its platform. The court said the request for a three-month suspension was “disproportionate” – but did order age verification for the sale of adult products. The action…
(WSET) — According to the Virginia Lottery, more than 87,000 tickets bought in Virginia won prizes in Wednesday’s Powerball drawing. The Virginia Lottery said that it includes five tickets that each won $50,000. Since no ticket in Virginia or anywhere else matched all six numbers, the jackpot for the Saturday, December 20, drawing grows to…
Bank of Japan governor Kazuo Ueda had given what traders said was unusually clear messaging ahead of the decision to raise interest rates on Friday © Kazuhiro Nogi/AFP/Getty Images Japan’s benchmark government bond yields hit their highest level since 1999 after the central bank pushed up short-term interest rates to address rising prices and wages….
Citi mistakenly sent $900mn to creditors of its client Revlon in 2020 © Bloomberg Citigroup has said a US bank regulator has loosened some compliance burdens imposed on the bank over deficiencies in risk control and data management practices stemming from a $900mn errant payment. Citi mistakenly sent the funds to creditors of its client…