U.S. plans $8 billion arms sale to Israel, official says
Protesters have for months demanded an arms embargo against Israel, but U.S. policy has largely remained unchanged. Read more
Latest Stories by Reuters
Trump complains that flags will be half-staff during inauguration
President Joe Biden ordered flags lowered to half-staff for 30 days from the day of Carter’s death on Dec. 29, as is custom when a U.S. president dies. Read more
Fannie, Freddie shares surge after privatization path revealed
Exiting conservatorship would mark a key milestone for Fannie and Freddie, which were created by Congress to support the housing market by ensuring affordable mortgage financing, but crumbled after being severely bruised during the 2008 financial crisis. Read more
Biden blocks takeover of U.S. Steel by Japan’s Nippon Steel
Pittsburgh-based U.S. Steel had warned that thousands of jobs would be at risk without the deal. Read more
Mike Johnson elected House speaker after GOP unites
Johnson appeared to initially fall short of the majority he would need to retain his job in an hour-long roll-call vote, but two Republican opponents switched their votes to support him after more than half an hour of negotiations. Read more
Agencies worry New Orleans truck attack may inspire copycats
The bulletin was issued a day after the FBI said Shamsud-Din Jabbar, a 42-year-old Texas native, was “100 percent inspired” by the Islamic State militant group to drive a truck into New Year’s Day revelers in New Orleans, killing at least 14 people and injuring dozens of others. Read more
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PayPal accused of racial bias against Asian Americans
Today’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America. Read more
Surgeon General urges cancer warnings for alcoholic drinks
U.S. Surgeon General Vivek Murthy said alcohol consumption increases the risk of at least seven types of cancer, including breast, colon and liver cancer, but most U.S. consumers remain unaware of this. Read more
Hanoi declared world’s most polluted city, authorities seek action
The thick smog is mostly caused by heavy traffic, trash burning and industrial activities. Read more
Supporters of South Korea’s Yoon adopt ‘Stop the Steal’ slogan
As Yoon supporters gathered outside his residence in the pre-dawn hours of Friday in an effort to prevent his arrest, some carried signs in English saying “Stop the Steal,’ a slogan Trump supporters used to question the results of the 2020 U.S. presidential election, which he lost. Read more
Musk’s influence raises questions on U.S. probes of his empire
The billionaire has long railed against government oversight, portraying himself as a victim of bureaucratic zealots stifling his companies’ potentially life-saving innovations. Read more
U.S. begins new year on high alert following attack, explosion
Police in Washington, the site of the Jan. 9 state funeral for former President Jimmy Carter and President-elect Donald Trump’s Jan. 20 inauguration, said in a statement they had raised security across the city “in light of recent events,” and that the community will notice an increased police presence. Read more
Former crypto executive pleads not guilty to fraud charges
Federal prosecutors in Manhattan charged Kwon, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, in March 2023 with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. Read more
Hedge funds deliver double-digit returns in 2024
Hedge funds, which trade several different asset classes from stocks to commodities, navigated volatile markets with some degree of success. Read more
Court blocks Biden effort to restore net neutrality rules
A three-judge panel of the Cincinnati-based 6th U.S. Circuit Court of Appeals said the FCC lacked authority to reinstate the rules initially implemented in 2015 by the agency under Democratic former President Barack Obama, but then repealed by the commission in 2017 under Republican former President Donald Trump. Read more
New Orleans attack suspect acted alone, supported Islamic State, FBI says
The FBI said there appeared to be no link between the attack in New Orleans and the episode in Las Vegas on the same day in which a Tesla Cybertruck exploded in flames outside the Trump International Hotel. Read more
FBI: No definitive link between Tesla explosion, New Orleans attack
Law enforcement officials identified the man inside the Tesla Cybertruck as Matthew Livelsberger, an active-duty U.S. Army soldier. Read more
U.S. weekly jobless claims hit 8-month low
Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 211,000 for the week ended Dec. 28, the lowest level since April. Read more
Apple to pay $95 million to settle Siri privacy lawsuit
A preliminary settlement was filed on Tuesday night in the Oakland, California federal court, and requires approval by U.S. District Judge Jeffrey White. Read more
Virgin Australia crew allegedly raped, robbed in Fiji
The crew members were in the popular tourist destination on a layover before they were supposed to fly off the following day, Fiji Acting Commissioner of Police Juki Fong Chew said in a statement. Read more
Taiwan reports first Chinese ‘combat patrol’ of the New Year
China, which views democratically governed Taiwan as its own territory, sends its military into the skies and waters near the island on an almost daily basis, and holds what Taiwan calls “joint combat readiness patrols” several times a month. Read more
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