News As part of the tentative agreement, the utility agreed to put ‘downward pressure’ on rates, but lower bills from customers are not guaranteed. Georgia Power’s Plant Bowen in Cartersville is shown. The utility wants to add about 10,000 megawatts of power supplies in just five years, mainly to serve data centers. (Hyosyb Shin/AJC 2015)…
At the Fed’s press conference, Fed Chair Jerome Powell acknowledged that many consumers are struggling with higher inflation. “We hear loud and clear” the concerns about affordability, Powell said. But what Powell and the Fed can do about affordability is a different story. “There’s actually not much they can do about that,” Apollo chief economist…
AP — The fiancée of a man who died on a cruise ship has filed a wrongful death lawsuit against Royal Caribbean, alleging it negligently served him at least 33 alcoholic drinks and was liable for his death after crew members tackled him to the ground and stood on him with their full body weight….
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in October. Text removed from the October statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
Donald Trump weighed in again on the potential sale of Warner Bros. Discovery, this time by saying that he opposes any plan in which the company continues to own CNN. Trump told reporters Wednesday that there were “some good companies bidding on it.” “I think the people that have run CNN for the last, long…
David Ellison, the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery, is urging WBD shareholders to tender their shares and “register their view with the WBD board of directors that they prefer the superior Paramount transaction,” the company said. Paramount sent a letter from Ellison Wednesday addressed to…
In this article KO Follow your favorite stocksCREATE FREE ACCOUNT Henrique Braun to become the next CEO of The Coca-Cola Company. Courtesy: The Coca-Cola Company Coca-Cola Chief Operating Officer Henrique Braun will succeed James Quincey as CEO next year, the company said Wednesday, as Coke and its rivals navigate tepid consumer demand for soft drinks….
LOADINGERROR LOADING “The Late Show” audience erupted in cheers on Tuesday — and even chanted Stephen Colbert’s name — after the host delivered a pointed line about Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery. Paramount launched its $108 billion offer this week, days after Warner announced plans to sell to Netflix in an…
It’s official—we finally have a total figure for MacKenzie Scott’s donations this year: an eye-popping $7.2 billion. That brings the billionaire philanthropist’s total gifts since 2020 to $26 billion and more than 2,700 gifts. This squarely places Scott among the most generous philanthropists, alongside fellow billionaires Bill Gates, Melinda French Gates, and Warren Buffett—all of…
Mega billionaire Elon Musk, in a friendly interview with his aide and conservative influencer Katie Miller, said his efforts leading the Department of Government Efficiency were only “somewhat successful” and he would not do it over again. The Tesla and SpaceX CEO, who also owns the social media platform X, still broadly defended President Donald…
Some have questioned how much thought was put into the policy, as the US confusingly continues restricting less advanced AI chips (like the A100 and H100) while green-lighting H200 sales. Trump’s Justice Department also seems to be struggling to keep up. The NYT noted that just “hours before” Trump announced the policy change, the DOJ…
On December 10, 2025, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to increase System Open Market Account (SOMA) securities holdings to maintain an ample level of reserves through purchases in the secondary market of Treasury bills (or, if needed, of…
It’s probably not going to be like last time. Back in September, when Oracle reported that its AI-related sales backlog had more than quadrupled to $455 billion — largely due to deals with OpenAI — the stock exploded, rising more than 20%, creating billions in wealth within minutes. The celebration lasted into the next day,…
YouTube TV says it will begin offering cheaper, more targeted packages of programming starting early next year. YouTube TV Plans, a collection of 10 different packages, are designed to offer “more choice and flexibility to our subscribers,” the company said Wednesday in a blog post. Individual plans can be combined, allowing heavy viewers of sports…
US Trade Representative Jamieson Greer testifies during a US Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on 2026 funding priorities, on Capitol Hill in Washington, DC, Dec. 9, 2025. Saul Loeb | AFP | Getty Images U.S. Trade Representative Jamieson Greer told a Senate Appropriations subcommittee on Tuesday that the deadline…
The US Food and Drug Administration is looking into whether deaths “across multiple age groups” have been related to Covid-19 vaccines, a spokesperson said Tuesday, weeks after a senior agency official claimed — without offering evidence – that Covid-19 vaccinations resulted in the deaths of 10 children. Andrew Nixon, a spokesperson for the US Department…
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BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount’s revised filing with the U.S. Securities and Exchange Commission of its takeover bid said the Chinese company had dropped its $1 billion financing…
Bloomberg (Bloomberg) — SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time. The Elon Musk-led company is targeting a valuation of about $1.5 trillion…
Elon Musk says he would not lead the Department of Government Efficiency (Doge) if he had his time again, but has maintained that its tumultuous efforts to shrink the size of the US government under President Donald Trump was “a little bit successful”. The billionaire boss of Tesla and SpaceX gave his reflections during a…
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Construction company Alquist 3D worked with Walmart last year to build a nearly 8,000-square-foot 3D printed addition to its store in Athens, Tennessee. Alquist A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and…
McDonald’s Netherlands has taken down a Christmas advert made with Artificial Intelligence (AI) following online backlash. The 45-second advert was produced with generative AI clips and released publicly on McDonald’s Netherlands YouTube channel on 6 December. Viewers on social media denounced the use of AI in the film, with one commenter calling it “the most…
Thrive Market headquarters at Fast Company Creativity Counter-Conference in Los Angeles. Araya Doheny | Getty Images Thrive Market is officially going dry. The online health and grocery marketplace will become the first major online grocer to remove all alcohol products when it takes them off its subscription service. The company plans to replace the category…
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For Immediate Release: December 09, 2025 This press release was updated on 12/10/25 to include the name of the sponsor. The U.S. Food and Drug Administration today approved Augmentin XR (amoxicillin-clavulanate potassium) under the Commissioner’s National Priority Voucher (CNPV) pilot program, marking the first approval achieved through this review pathway. The approval was completed in…
(LeoPatrizi) How we did this Pew Research Center conducted this study to better understand teens’ use of social media, the internet and artificial intelligence (AI) chatbots. The Center conducted an online survey of 1,458 U.S. teens from Sept. 25 to Oct. 9, 2025, through Ipsos. Ipsos recruited the teens via their parents, who were part…
If you paid to download an app through the Google Play Store over a lengthy, seven-year period, a slice of a massive $700 million settlement may be coming your way. But here’s the catch: It could be a very small slice. Like $2. That, however, is at a minimum. Consumers could receive more depending on…
Huntsville site will focus on domestic production of small molecule synthetic and peptide medicines, including Lilly’s oral GLP-1, orforglipron Company plans to create 3,450 manufacturing and construction jobs at Lilly’s ninth U.S. manufacturing site announced since 2020 INDIANAPOLIS, Dec. 9, 2025 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced plans to invest more than…
A Mega Millions player from Hudson County claimed the $90 million jackpot from the Dec. 2 drawing and opted for the cash value of nearly $42 million, lottery officials announced Tuesday. The winner purchased the ticket at Garden State News on Bergenline Avenue in Union City and chose to remain anonymous as permitted by New…
Donald Trump’s decision to carry on with additional interviews suggests that the selection of Kevin Hassett as Fed chair is not guaranteed © Kevin Lamarque/Reuters Donald Trump will soon launch a final round of interviews for Federal Reserve chair, pitting White House economic adviser Kevin Hassett against a trio of other candidates to replace Jay…
WASHINGTON (AP) — Food and Drug Administration officials have opened a safety review of two injectable drugs used to protect babies and toddlers from RSV, the respiratory virus that sends thousands of American children to the hospital each year. The long-acting drugs from Merck and Sanofi are not vaccines, but the government review comes as…
A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Dec. 10, 2025. Brendan McDermid | Reuters The Dow Jones Industrial Average jumped on Wednesday after the Federal…
Warner Bros Discovery shareholders have until January 8 to accept Paramount’s bid, while its board has to respond by December 22 © Cheng Xin/Getty Images Warner Bros Discovery investors met Paramount chief executive David Ellison in New York on Tuesday as he tried to convince them that his company was a better bet than Netflix…