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General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
Mexico announces record drug seizure one week after Trump threatens tariffs
Soldiers and marines discover drugs in Sinaloa, while separately authorities arrest more than 5,200 migrants. Mexican security forces have impounded more than a ton of fentanyl pills in what ...The Guardian - Dec. 4 -
LPGA and USGA announce new eligibility rules for transgender golfers
Two national golf associations announced new gender eligibility policies Wednesday that bar transgender women who have gone through male puberty from participating in elite women’s competitions.NBC News - Dec. 4 -
National Signing Day: The top players, and when they're announcing
When will the nation's top prospects announce this week? Get all the times here.Yahoo Sports - Dec. 4 -
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.The New York Times - Dec. 4 -
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.The New York Times - Dec. 4 -
Johnson rejects Biden request for $24 billion on new Ukraine aid
House Speaker Mike Johnson on Wednesday rejected a White House request to pass $24 billion in additional aid for Ukraine by the end of the year, saying any further assistance for Kyiv would be ...The Hill - Dec. 4 -
EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers
European Union countries are expected to increase their combined defense spending this year, which is likely to boost sales among arms contractors.The Wall Street Journal - Dec. 4 -
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Dead & Company announce new Sphere residency in Las Vegas
The jam band will return to the state-of-the-art dome-shaped venue in March 2025.Los Angeles Times - Dec. 4 -
Global investigation exposes alleged billion-dollar Russian money-laundering network
UK and foreign law enforcement agencies say networks laundered cash and cryptocurrencies for organised crime gangs across the west. Operatives said to be behind a billion-dollar Russian ...The Guardian - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
Kendrick Lamar and SZA announce 2025 North American stadium tour
“Not Like Us,” it’s like themABC News - Dec. 4 -
Patriots WR Kendrick Bourne recreates Kendrick Lamar Super Bowl announcement
The rapper's 2025 tour, which he announced Tuesday, will visit stadiums, including the Patriots' home.ESPN - Dec. 4 -
Billion dollar squirrel: Trump effect fuels crypto’s ‘memecoin’ boom
Tokens based on online viral moments outpace bitcoin over past month but critics say they reflect market frothFinancial Times - Dec. 4 -
Billion-dollar future: Dodgers deferred pay at $1B
New contracts for Blake Snell and Tommy Edman increased the Dodgers' obligations for deferred payments to more than $1 billion owed to seven players from 2028-46.ESPN - Dec. 3 -
Northern Iowa announces Drake's Todd Stepsis as new football coach
Northern Iowa announces Drake's Todd Stepsis as new football coachYahoo Sports - Dec. 3 -
China Announces a Ban on Rare Minerals to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.The New York Times - Dec. 3 -
Paul Millsap, four-time NBA All-Star, announces retirement after 16 seasons
Millsap, a 2006 second-round pick, played for the Jazz, Hawks, Nuggets, Nets and 76ers.Yahoo Sports - Dec. 3 -
Mindy Kaling, Morris Chestnut to announce 2024 Golden Globe nominees
Actors Mindy Kaling and Morris Chestnut will reveal nominees for the 82nd Annual Golden Globe Awards on Dec. 9 during a live announcement on "CBS Mornings" and CBSNews.com.CBS News - Dec. 3 -
Biden administration announces additional $725m in military assistance to Ukraine
The White House is trying to disburse last $7bn in aid approved by Congress before Trump begins second term. The Biden administration is rushing military equipment to Ukraine in a last-ditch ...The Guardian - Dec. 3 -
AT&T plans to plow $20 billion into buybacks in signal of business turnaround
AT&T’s stock is rising as the company will bring back share repurchases alongside an expected $20 billion-plus in continued dividend commitments over the next three years.MarketWatch - Dec. 3 -
SpaceX’s $350 billion private valuation signals an IPO is off the table for now
Elon Musk’s space business is part of a trend of companies staying private, as its private-market valuation jumps by more than $100 billion with a proposed sale of shares.MarketWatch - Dec. 3 -
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Winfrey announces new book club pick and launches 'The Oprah Podcast'
Oprah Winfrey has her next book club pick and a new platform to talk books and other topics of the dayABC News - Dec. 3 -
Death sentence upheld for tycoon — unless she pays $9 billion
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.CBS News - Dec. 3 -
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space.CNBC - Dec. 3 -
ServiceTitan’s planned IPO could come with a more than $5 billion valuation
The Glendale, Calif.-based company could raise up to $500 million in its initial public offering.MarketWatch - Dec. 3 -
Microsoft Faces $1.3 Billion Antitrust Lawsuit Over Cloud Services in U.K.
Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to ...The Wall Street Journal - Dec. 3 -
Real estate tycoon must pay $9 billion to avoid execution in Vietnam
A court in Vietnam upheld a death sentence for real estate tycoon Truong My Lan, rejecting her appeal in a $12 billion embezzlement and bribery case.NBC News - Dec. 3 -
Vietnamese tycoon faces scramble to raise billions to avoid death sentence
Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the country. The Vietnamese property tycoon Truong My Lan has lost her appeal against the death ...The Guardian - Dec. 3 -
U.S. announces new export controls on China's chip industry
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies.NBC News - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
Trent Williams' wife Sondra announces that their son Trenton was stillborn at 35 weeks
The loss of a child was the second for a 49ers player and his family this season. Charvarius Ward lost his 1-year-old daughter, Amani Joy in October.Yahoo Sports - Dec. 3 -
Honeywell announces a new collaboration with Bombardier. But it’ll weigh on this year’s profit.
Shares of Honeywell International Inc. fell in extended trading Monday after the conglomerate cut its outlook for the months ahead, citing the costs of investing in a new tech-focused collaboration ...MarketWatch - Dec. 3 -
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Americans expected to spend $13 billion total on Cyber Monday deals
Consumers are focusing on finding deals on Cyber Monday and American spending is expected to rise compared to 2023. CBS MoneyWatch correspondent Kelly O'Grady breaks down the spending trends for 2024.CBS News - Dec. 2 -
Bears explain Matt Eberflus' awkward press conference that took place hours before his firing, announce coaching changes
Bears decision-makers were still meeting about Eberflus' future during his Friday presser, so they didn't see any reason Eberflus shouldn't meet with the media.Yahoo Sports - Dec. 2 -
Enron Announces Its Return From the Dead With Crypto Patents and a Bunch of Merch
From the people who brought the world ‘Birds Aren’t Real’ comes a sequel befitting 2024’s Bitcoin rallies and general absurdity.Inc. - Dec. 2 -
USC QB Miller Moss announces that he is entering the transfer portal
Moss started the first nine games of the season for the Trojans, but was benched after a series of tough conference losses.Yahoo Sports - Dec. 2
