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Major US financial firms are expanding into Texas, with Goldman Sachs building a Dallas campus and JPMorgan Chase opening a new Manhattan headquarters. Fort Lauderdale is developing a new office district, reflecting a broader shift in the US financial landscape amid political and economic changes.
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Leading companies including Microsoft, JPMorgan, Walmart, and Goldman Sachs are rapidly expanding their AI initiatives. They focus on in-house model development, workforce training, and integrating AI into operations, amid ongoing debates about job impacts and strategic advantages. The story highlights recent investments, partnerships, and workforce transformations as of November 2025.
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HSBC reported a drop in third-quarter profits to $5.5 billion amid legal provisions related to a Madoff lawsuit. The bank set aside $1.1 billion following a Luxembourg court ruling. Despite legal costs, HSBC remains focused on strategic growth and regional opportunities.
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New documents reveal JP Morgan flagged over $1bn in transactions linked to Jeffrey Epstein in 2019, including wire transfers to Russian banks. The reports also mention connections to prominent figures, raising questions about regulatory oversight and bank accountability following Epstein's death and subsequent legal actions.
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European governments are increasingly restricting Chinese investments in strategic sectors amid US-led tensions with Beijing. The Netherlands seized a Chinese-owned chipmaker, Nexperia, citing national security concerns, reflecting broader efforts to safeguard critical assets amid rising geopolitical rivalry and recent US and Chinese export restrictions.
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Global EV sales hit record highs in September, driven by Chinese consumer interest and European popularity. Meanwhile, China’s EV growth is expected to slow in 2026 due to subsidy reductions, with domestic automakers expanding internationally and challenging Tesla in premium segments. The Chinese government aims to double EV charging capacity by 2027.
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As of December 2025, the WHO has issued its first guidelines recommending long-term use of GLP-1 medications like Wegovy and Mounjaro for obesity treatment, recognizing obesity as a chronic disease. The US government has negotiated significant price cuts for these drugs, expanding Medicare and Medicaid coverage to more patients. However, concerns remain about drug accessibility, side effects, and weight regain after stopping treatment.
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In a social media post today, former President Trump demanded the Justice Department investigate his political opponents and associates, including Bill Clinton, Larry Summers, and Reid Hoffman, over alleged links to Jeffrey Epstein. The move follows recent releases of Epstein-related emails suggesting deeper connections with prominent Democrats and financial institutions.
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Recent developments include US asset managers returning to private markets amid AI-driven valuations, UK regulators proposing a second operator for private company trading platforms, and ongoing reforms to improve liquidity transparency in UK equity markets. These shifts reflect a broader move towards private investments and market transparency.
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US employment increased by 119,000 jobs in September, exceeding forecasts, but underlying weaknesses persist. Rising layoffs, hiring decoupling, and economic risks continue to shape the labor market outlook as analysts debate AI's impact and recession signals.
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Senator Jim Justice and his wife Cathy agreed to pay over $5 million to settle unpaid federal income taxes from 2009, following a lawsuit filed by the Justice Department. Justice, a former governor and current senator, faces ongoing financial challenges including liens and property disputes.
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Economists and international organizations project a modest slowdown in global growth for 2026, influenced by trade tensions, tariffs, and AI investment. The US economy is expected to grow around 2%, with risks from trade policies and AI market speculation. Forecasts remain cautious amid ongoing uncertainties.
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Fuel prices in the UK and US remain high amid falling oil prices, with UK pump prices not reflecting recent oil cost declines. US gas prices are also low but are expected to rise due to increased exports and inflation. Experts highlight industry profit margins and policy impacts as key factors.
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TUI, Europe's largest tour operator, announced record annual earnings of €1.46 billion for 2024-25, driven by summer demand and AI investments. The company forecasts continued growth despite macroeconomic uncertainties, while cutting costs and expanding AI partnerships. Meanwhile, UK cinema chain Everyman faces weaker box office performance amid challenging economic conditions.
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President Trump delivered a 19-minute speech emphasizing economic growth and border security, while blaming Biden for inflation and high prices. He claimed recent successes in foreign policy and domestic issues, but some data and regional realities suggest a more complex picture. The speech coincided with rising international tensions.
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On December 24, 2025, the US Justice Department announced the discovery of over one million additional documents related to Jeffrey Epstein's sex trafficking case, days after missing the legal deadline to release all files. The department is reviewing the materials to protect victims' identities before public release, amid bipartisan criticism over delays and redactions.
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As of January 14, 2026, gold, silver, and copper prices have surged to historic highs amid geopolitical tensions following the U.S. capture of Venezuelan President Nicolás Maduro. Markets reacted with mixed moves: Asian stocks mostly rose, oil prices fluctuated, and precious metals soared due to safe-haven demand and expectations of U.S. interest rate cuts. Supply constraints and industrial demand linked to AI and electrification underpin metals' rallies.
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Greg Abel officially became Berkshire Hathaway's CEO on January 1, succeeding Warren Buffett, who remains chairman. Abel faces challenges managing Berkshire's record cash reserves and maintaining its investment philosophy, with expectations of a more hands-on leadership style and strategic shifts in capital allocation.
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Since early January 2026, US forces captured Venezuelan President Nicolás Maduro and assumed control over parts of Venezuela's oil production. President Trump announced plans for US oil companies to invest billions to restore Venezuela's oil infrastructure and exploit its vast reserves. This has triggered a drop in global oil prices below $60 a barrel, easing fuel costs in import-dependent countries like Kenya amid ongoing geopolitical tensions and sanctions.
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Recent U.S. actions may not immediately impact oil prices but could significantly alter Venezuela's oil output. Analysts see potential for Venezuela to double or triple current production levels, depending on political stability and investment. Market reactions show optimism, especially among refineries and oil service companies.
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Recent articles detail how AI is transforming jobs, hiring practices, and corporate strategies. Firms like McKinsey are integrating AI agents to boost productivity and redefine roles, while experts warn of potential workplace challenges and uneven impacts across industries and regions. The future of work hinges on policy, skills, and adaptation.