Business

Watchdog Finds 9 Large US Banks Actively Engaged in Debanking

An OCC review found nine major banks engaged in debanking activities, according to preliminary findings in a report released Dec. 10.

USA Rare Earth Accelerates Plans for Commercial Rare Earth Production

USAR says early pilot results prompted faster plans to begin commercial rare-earth mineral production at its Round Top mine in West Texas.
MAGA Business MAGA Business

GE Vernova Moves to Boost Yttrium Stockpiles as China’s Rare Earth Controls Bite

GE Vernova is partnering with the U.S. government to strengthen domestic yttrium reserves amid global shortages tied to China’s export restrictions.

Netflix to Acquire Warner Bros. Entertainment Assets in $72 Billion Deal

Netflix will acquire Warner Bros. Discovery’s streaming and entertainment assets, ending a competitive bidding process between major media companies.

EU Slaps Elon Musk’s X With $140 Million Fine Over Content Rules

The EU fined Elon Musk’s X platform €120 million after a two-year Digital Services Act investigation announced on Dec. 5.

Amazon Tests ‘Ultra-Fast’ Delivery Service in Seattle, Philadelphia

Amazon tests ‘Ultra-Fast’ delivery service in Seattle and Philadelphia, delivering groceries and essential household items in 30 minutes or less.

Silver Hits New Record High, Gold Edges Up

Spot silver prices hit a new record high in early-morning trade on Dec. 1, while gold also rose amid the possibility of interest rate cuts in December.

Despite Record Nvidia Earnings, Stock Analysts Urge Caution on the ‘AI Trade’

Investors saw Nvidia’s record earnings as proof the AI boom is real, yet some insiders still chose to sell shares despite the upbeat outlook.