President Donald Trump has expressed his opinion that CNN should be sold or restructured as part of the acquisition of its parent company, Warner Bros. Discovery. The company is currently the focus of two competing takeover bids from Netflix and Paramount Skydance. Trump's remarks about CNN, a network he often criticizes, have led to concerns about political influence over these media transactions.
Key Facts
President Trump wants CNN to be sold or changed as part of Warner Bros. Discovery's sale.
Netflix and Paramount Skydance are bidding to buy Warner Bros. Discovery.
Trump often accuses CNN of bias against him, calling it "fake news."
His comments have raised concerns about political pressure on media transactions.
Netflix has offered $83 billion for Warner Bros. Discovery but would exclude CNN.
Paramount Skydance's $108.4 billion bid includes CNN and other cable channels.
Speculation surrounds the influence of Trump's associates in these transactions.
Trump has mentioned concerns about Netflix's market dominance in this context.
Read the Original
Want the full story? Tap a source to open the original
article.
The U.S. Federal Reserve has cut interest rates by 0.25 percentage points to boost the slowing job market, marking the third rate cut this year. The current rate range is between 3.50% and 3.75%, the lowest in three years, reflecting divisions among policymakers on how to balance growth and inflation concerns.
Key Facts
The Federal Reserve cut its key interest rate by 0.25 percentage points.
This is the third time this year the Fed has lowered rates.
The new interest rate range is 3.50% to 3.75%, the lowest in three years.
Divisions exist among Fed policymakers about the best course of action.
Three Fed officials disagreed with the decision, wanting a different rate change.
The U.S. unemployment rate increased slightly to 4.4% in September.
Inflation was at 3% in September, above the Fed’s 2% target.
President Trump is expected to announce a new Fed chair nominee soon.
Read the Original
Want the full story? Tap a source to open the original
article.
The U.S. Federal Reserve has lowered its key interest rate by 0.25%, marking the last rate cut of the year. This decision comes amid slow job growth and rising inflation, with ongoing government data collection challenges affecting economic assessments. Political dynamics also influenced the decision, as President Trump sought more aggressive rate cuts.
Key Facts
The Federal Reserve cut interest rates by 0.25%, setting them between 3.50% and 3.75%.
Job growth in the U.S. has slowed, and unemployment has slightly increased.
Inflation has risen since earlier in the year, which influenced the rate cut.
An 89% probability of a rate cut was predicted by the CME Fed Watch tool.
Government data collection was affected by a 43-day shutdown, impacting economic reports.
New economic data showed labor costs increased by 0.8% in the third quarter, less than expected.
President Trump has pressured the Federal Reserve for larger rate cuts.
Fed board member Stephen Miran pushed for a bigger rate cut than was implemented.
Read the Original
Want the full story? Tap a source to open the original
article.
The Federal Reserve lowered interest rates for the third time this year, amidst disagreement among officials. The target range for the federal funds rate is now set between 3.5% and 3.75%. Some members wanted to keep rates steady, while others advocated for larger cuts.
Key Facts
The Federal Reserve cut interest rates to a range of 3.5% to 3.75%.
This is the third rate cut of the year.
There was significant disagreement among Fed officials about the rate decision.
Three Fed officials did not agree with the rate cut.
The Fed plans to purchase short-term Treasury securities to ensure enough reserves in the financial system.
Fed Chair Jerome Powell's term ends in May 2026, and President Trump is considering replacements.
New projections show differing opinions on future rate changes among Fed officials.
The Fed updated its 2026 economic forecasts, predicting higher GDP growth and lower inflation than previously expected.
Read the Original
Want the full story? Tap a source to open the original
article.
The Federal Reserve reduced interest rates for the third consecutive time. The rate now ranges from 3.5% to 3.75%. There's uncertainty about whether more cuts will happen in the future.
Key Facts
The Federal Reserve is the central bank of the United States.
It cut the interest rates by 0.25 percentage points.
This is the third interest rate cut in a row.
The new interest rate range is between 3.5% and 3.75%.
There are mixed opinions within the Federal Reserve about future rate cuts.
The Federal Open Market Committee made the decision.
Interest rates influence borrowing costs for consumers and businesses.
Read the Original
Want the full story? Tap a source to open the original
article.
Toffee Crisp and Blue Riband bars, made by Nestle, can no longer be labeled as chocolate in the UK because changes in their recipes lowered cocoa and milk solids below required levels. These recipe changes, due to rising ingredient costs, have led to several products being relabeled as "chocolate-flavored."
Key Facts
Toffee Crisp and Blue Riband bars cannot be labeled as chocolate in the UK anymore.
Nestle changed recipes to use more vegetable fat due to rising ingredient costs.
UK law requires at least 20% cocoa solids and 20% milk solids in products labeled as milk chocolate.
Nestle's recipe changes are a response to increased costs for cocoa and other ingredients.
McVitie's Penguin and Club bars have also changed recipes and are now "chocolate flavor."
Rising cocoa prices were caused by poor harvests and droughts over the past three years.
The practice of altering ingredient proportions to save on costs is sometimes called "skimpflation."
Read the Original
Want the full story? Tap a source to open the original
article.
Leon, a chain of restaurants, plans to close some locations and reduce its workforce as part of a major reorganization. The company has brought in Quantuma, a firm specializing in managing financial issues, to help with this process. Leon is working to offer affected employees opportunities in stores that will remain open and has a partnership with Pret A Manger for additional job placements.
Key Facts
Leon will close some restaurants and cut jobs in a major reorganization effort.
The company has appointed Quantuma as administrators for this process.
John Vincent, Leon's co-founder, recently reacquired the company from Asda.
No specific store closures have been confirmed yet.
Leon employs around 1,000 people but hasn't said how many jobs will be lost.
The focus is on closing the restaurants that perform the worst financially.
Leon has a job placement program with Pret A Manger for affected staff.
Read the Original
Want the full story? Tap a source to open the original
article.
The U.S. stock market moved closer to its highest point ever after the Federal Reserve reduced its main interest rate. The move was expected and mainly aimed at improving the job market. Investors are curious about further rate cuts in 2026 as the Federal Reserve tries to manage economic growth and inflation.
Key Facts
The S&P 500 index increased by 0.4% and is nearing its record high from October.
The Dow Jones Industrial Average went up by 386 points, or 0.8%.
The Federal Reserve cut its main interest rate to help the job market, which was widely anticipated.
Interest rate cuts can stimulate the economy and increase investment prices but may also lead to higher inflation.
Federal Reserve officials were divided on the need for the rate cut, with two opposing it and one favoring a larger cut.
The 10-year Treasury yield dipped slightly from 4.18% to 4.16%.
Some companies, like GE Vernova and Palantir Technologies, reported gains, while GameStop experienced a drop due to lower-than-expected revenue.
Wall Street traders pay close attention to interest rate changes as they influence economic growth and investment choices.
Read the Original
Want the full story? Tap a source to open the original
article.
The Federal Reserve cut its key interest rate again, reducing it to about 3.6%, but hinted it might pause more cuts soon. This decision contrasts with President Trump’s desire for faster rate reductions. The Fed is balancing inflation concerns, slowing job growth, and a potential change in its leadership.
Key Facts
The Fed lowered the interest rate by a quarter-point to around 3.6%.
This is the third consecutive meeting where the Fed has cut rates.
President Trump wants the Fed to cut rates more sharply.
The Fed has indicated there might be just one more rate cut next year.
Inflation remains above the Fed’s target, although it has decreased from previous highs.
The job market is showing signs of slowing, with unemployment at 4.4%.
There is a split within the Fed on the pace and need for rate adjustments.
President Trump may choose a new Fed chair soon, impacting future rate decisions.
Read the Original
Want the full story? Tap a source to open the original
article.
Elon Musk discussed his involvement in the Department of Government Efficiency, saying it was only somewhat successful and caused difficulties for his businesses. He expressed that he would not repeat the experience and acknowledged challenges with transforming the government quickly.
Key Facts
Elon Musk said his work with the Department of Government Efficiency was "somewhat successful."
He would not choose to do this government work again.
Musk is the CEO of Tesla and SpaceX and owns the social media platform X.
He defended President Trump's temporary government agency, which Musk left in the spring.
The agency officially closed last month.
Musk mentioned that working on DOGE had a negative impact on his other businesses.
He found changing the federal government quickly to be difficult.
Read the Original
Want the full story? Tap a source to open the original
article.
Chancellor Rachel Reeves reported too many unauthorized leaks about the Budget before its official announcement. An investigation is underway to find the source of these leaks, which included incorrect information. The leaks have resulted in a review of Treasury processes and a cybersecurity check of IT systems.
Key Facts
Chancellor Rachel Reeves expressed concern over numerous unauthorized leaks about the Budget.
Speaker Sir Lindsay Hoyle criticized the leaks, calling it a "hokey-cokey Budget."
The Financial Times reported a leak suggesting dropped plans to increase income tax; this is under investigation.
The Office for Budget Responsibility (OBR) accidentally published the Budget details online before the official speech.
Richard Hughes, OBR chairman, resigned after the incident.
A pay-per-mile charge on electric vehicles and a tourist tax were among leaked measures.
The National Centre for Cyber Security is examining Treasury IT systems.
An inquiry led by the Cabinet Office is investigating the sources of leaks, including within various government departments.
Read the Original
Want the full story? Tap a source to open the original
article.
KFC is bringing back its Potato Wedges and Hot & Spicy Wings for a short 72-hour promotion. These popular items were previously removed from the menu, but strong customer demand led to their temporary return. KFC is using this promotion to gauge interest in making these items a permanent menu option.
Key Facts
KFC's Potato Wedges first appeared in the mid-1990s and were removed in 2020.
The wedges returned temporarily in August 2025 after strong customer demand and positive test results in Tampa, Florida.
The promotion, starting December 9, lasts for 72 hours.
Customers are encouraged to share their support on social media to influence a possible permanent return.
KFC also brought back Hot & Spicy Wings for the same promotion period.
The Wings & Wedges Promotion offers a combo for $9.99, including six wings and a side of wedges.
A larger Wings & Wedges Box is available for $20 with additional items like chicken nuggets and biscuits.
Read the Original
Want the full story? Tap a source to open the original
article.
Oreo will release two new sugar-free cookie products in the U.S. starting January. The cookies, called Oreo Zero Sugar and Oreo Double Stuff Zero Sugar, have been successful in other regions like China and Europe, leading to their launch in the U.S. This move is part of Mondelez International's strategy to offer more dietary options.
Key Facts
Oreo will introduce the Zero Sugar and Double Stuff Zero Sugar cookies in the U.S. from January.
These products are already available in China and Europe and will now be a permanent addition in the U.S.
The suggested retail price for these cookies is $5.79.
The cookies use sugar substitutes like maltitol and sucralose.
The development of these cookies took four years to match the taste of the original Oreos.
Mondelez wants to provide more choices for consumers with different lifestyle and dietary preferences.
The introduction in the U.S. follows positive feedback from previous trials.
Read the Original
Want the full story? Tap a source to open the original
article.
Dunkin' has partnered with the dog toy company BARK to release a limited-edition collection of dog toys that look like popular Dunkin' menu items. Each toy can be obtained with a $16 donation to the Joy in Childhood Foundation, which supports children facing illness and hunger. The toys are available at Dunkin' locations and online.
Key Facts
Dunkin' and BARK have a charitable partnership focused on raising money for the Joy in Childhood Foundation.
They are releasing two dog toys resembling Dunkin' menu items: Cold Brew and Chocolate Frosted Donut.
The toys are available in Dunkin' stores and online, but only while supplies last.
Each toy requires a $16 donation to the Joy in Childhood Foundation.
The foundation helps children battling illness or hunger and supports programs like Dogs for Joy.
Since their partnership began in 2020, Dunkin' and BARK have raised over $10 million for the foundation.
The Dunkin' Joy in Childhood Foundation has supported 50 facility dogs in 33 hospitals across the U.S.
Read the Original
Want the full story? Tap a source to open the original
article.
In the third quarter of 2025, U.S. credit card debt increased to $1.23 trillion, which is up by $24 billion from the previous quarter. The average credit card debt per household now exceeds $11,000. This rise in debt is happening as household incomes struggle to keep up with higher living costs.
Key Facts
U.S. credit card debt reached $1.23 trillion in the third quarter of 2025.
This is an increase of $24 billion from the previous quarter.
Average household credit card debt is more than $11,000.
Total household debt grew by $197 billion, reaching $18.6 trillion.
The average American's credit card debt was $6,523 at the end of September 2025.
The number of credit cards in use has increased by about 60 million.
Delinquency rates for payments over 90 days late rose to 2.4%.
Washington, D.C. has the highest average credit card balance at $7,684.
Read the Original
Want the full story? Tap a source to open the original
article.
Foreclosure rates in the U.S. are increasing as many homeowners struggle with high costs and economic uncertainty. According to data from ATTOM, over 35,000 properties had foreclosure filings in November, indicating ongoing challenges in the housing market. The report shows that certain states have higher foreclosure rates, and this trend has continued for several months.
Key Facts
In November, over 35,000 properties in the U.S. had foreclosure filings.
A foreclosure occurs when a homeowner cannot keep up with mortgage payments, leading to repossession by the lender.
Nationwide, 1 in every 3,992 housing units had a foreclosure filing in November.
Delaware, South Carolina, Nevada, New Jersey, and Florida had the highest foreclosure rates.
The U.S. saw 23,720 foreclosure starts in November.
Florida, Texas, and California had the most foreclosure starts.
Completed foreclosures were highest in Texas, California, and Florida.
Foreclosures in November increased by 26% compared to the previous year.
Read the Original
Want the full story? Tap a source to open the original
article.
In-N-Out Burger has removed the number "67" from its order tickets due to a viral trend causing disruptions in its restaurants. The trend, linked to a meme involving the phrase "6-7," has attracted crowds who cheer when the number is called, prompting the change. The company has not made a formal announcement about this decision.
Key Facts
In-N-Out Burger took the number "67" off its order system.
The change is due to a meme called "6-7" that is popular online.
Crowds were gathering at In-N-Out locations to hear the number "67" called.
The meme is linked to a song and has spread to schools and restaurants.
An employee confirmed the change, saying numbers go from 66 to 68.
In-N-Out has also removed the number "69" from their system.
The viral trend caused disruptions and was a challenge for the stores.
In-N-Out has not officially announced the removal of number 67.
Read the Original
Want the full story? Tap a source to open the original
article.
Newsweek has introduced a weekly feature called New & Noteworthy that highlights new products across various consumer categories. The latest issue includes items such as festive M&M's, a handheld vacuum, new flavored string cheese, and specialty toothpaste.
Key Facts
Newsweek's New & Noteworthy is a weekly feature presenting new consumer products.
The feature covers a wide range of categories including food, personal care, and household goods.
M&M's Winter Blend offers a holiday-themed candy with blue and white shells.
Haribo Ruby Hearts is a new sweet and sour candy inspired by K-pop star Jennie Ruby Jane.
TheraBreath has introduced new toothpaste varieties focused on oral health.
Frigo Cheese Heads released new flavors of string cheese in Pepper Jack and Sharp Cheddar.
A new Black+Decker handheld vacuum is available for easy cleaning in small spaces.
Dot's Pretzels introduced Buffalo Seasoned Pretzel Twists for a spicy snacking option.
Read the Original
Want the full story? Tap a source to open the original
article.
Confidence among small-business owners in the U.S. has decreased due to challenges like inflation and tariffs. Many are increasing prices while expecting lower revenue, which affects their optimism for business growth.
Key Facts
The MetLife and U.S. Chamber of Commerce Small Business Index showed a decline in confidence for the fourth quarter.
45% of small-business owners identified inflation as their biggest challenge.
58% expect to raise prices this holiday season, but 52% expect to earn less revenue.
In a separate survey, 34% of small-business owners reported raising their average selling prices, marking a significant monthly increase.
Small businesses experienced net job losses in November, with some sectors like health care seeing growth.
Tariffs have particularly affected small businesses, especially in retail and manufacturing.
A Supreme Court decision regarding tariffs and trade policies is anticipated soon.
The White House emphasized confidence in President Trump's America First agenda for future economic benefits.
Read the Original
Want the full story? Tap a source to open the original
article.
Glassdoor announced that "fatigue" is the word of the year for 2025. This selection reflects workers feeling tired and worn out due to ongoing stress in the job market. This word captures the overall mood of current workplace culture.
Key Facts
Glassdoor chose "fatigue" as the word of the year for 2025.
The choice reflects ongoing stress and tiredness felt by workers.
Mentions of "fatigue" increased by 41% on Glassdoor.
In previous years, Glassdoor's word choices were "anxiety" (2023) and "return-to-office" (2022).
Other words like "tariff" and "agentic" had higher growth but were less related to work culture.
The job market remains challenging, with both inflation and unemployment affecting workers' feelings.
Oxford and Dictionary.com chose words like "rage bait" and "6 7" for their year-end selections, which focus on different trends.
Read the Original
Want the full story? Tap a source to open the original
article.
