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Business News

Location American Business News for 16 December 2025
Tesla's board has earned a staggering £2.5bn from stock awards, far eclipsing tech rivals and reigniting debate over governance, pay and shareholder oversight.
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Volkswagen to End Production at German Plant, a First in Company History The auto giant stopped making cars at the plant in Dresden, which opened in 2001, as it faces weaker demand and steep U.S. tariffs.
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Visa Targets Banks and Fintechs With Stablecoin Advisory Launch as Adoption Pressure Tightens Visa is moving deeper into stablecoin-powered payments as adoption surges, launching a new advisory practice to help banks, fintechs, and enterprises design, assess, and deploy stablecoin strategies across global payment...
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Too close to Trump? Hassetts Fed chair path gets rougher The White House is leaning on the Fed to deliver bigger rate cuts.
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'Big Short' investor Michael Burry sold GameStop weeks before it skyrocketed: 'I had no idea what was coming' Michael Burry of "The Big Short" fame wrote on Substack that a "crappy business" became the "belle of the ball."
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Pump prices stuck despite cost of oil falling amid prospect of peace in Ukraine, say expertsFuel retailers are under pressure to cut their pump prices after oil prices fell below $60 a barrel for the first time in more t...
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The US added 64,000 jobs in November, more than expected

Business Insider - 16 Dec 2025 13:32
The US added 64,000 jobs in November, more than expected The US added more jobs than expected in November, and unemployment rose from September, the last month with unemployment data.
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Ford is pulling back on EVs and getting in on the AI boom with data center battery storage The Detroit auto giant said on Monday it would pull back from electric vehicles in a move that would cost the company nearly $20 billion.
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Why a Data Deluge Is Unlikely to Settle the Rates Debate

The New York Times - 16 Dec 2025 13:00
Why a Data Deluge Is Unlikely to Settle the Rates Debate A backlog of government economic data is set to ease, but disagreement on the countrys economic outlook could linger.
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Ben & Jerry's directors removed in fresh twist to Magnum row A co-founder of Ben & Jerry's has accused its owners of a fresh attempt to "silence" its social mission through the departures of three members of its independent board.
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Brooklyn man, 23, is charged in $15 million Coinbase 'customer-care' scheme Ronald Spektor, 23, has been charged with impersonating a Coinbase customer care representative to trick victims into turning over their passwords.
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South Africa Crypto Sector Gains Regulatory Lift as 248 Providers Secure Licenses South Africas crypto market is accelerating into a higher-confidence phase as the FSCA confirms 420 CASP license applications, approvals stacking up, compliance pathways clarifying, and institutional-grade oversight rein...
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Trump sues the BBC for $5 billion, alleging defamation over January 6 documentary The defamation lawsuit's allegations focus on the footage of President Donald Trump's January 6, 2021, speech.
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Stock Market News: New York City gets casinos, Palantir and Databricks The nonfarm payroll, also known as the jobs report, was released on Tuesday, December 16. Although it did not change significantly from September, the October report was delayed due to the government shutdown, it still p...
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Victoria Beckham has reportedly adopted a tough love strategy as her son Brooklyn threatens to drop his surname amid a deepening festive feud with Nicola Peltz.
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Parsing Trumps Venezuela Claims: The Oil Case Behind The Rhetoric President Trumps Venezuela blockade threat sparked confusion. This article explains the overlooked legal and energy context behind his claims-and why it matters now.
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Women Are Moving Into Ukraines Frontline Roles From drone units to evacuations, Ukrainian women are filling critical frontline and volunteer roles as the war grinds on.
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GOP senators weigh penalties, fault for debanking

American Banker - 16 Dec 2025 23:42
GOP senators weigh penalties, fault for debanking In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
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The Trump administration's proclamation added five countries to the travel ban, with 15 more facing restrictions, underscoring its hardline stance on immigration and travel policy.
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Warren Buffett's Berkshire Hathaway warns U.S. on mortgage rates Berkshire Hathaway HomeServices clarifies what potential homebuyers might expect in 2026.
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Consumer tech pioneer's Chapter 11 bankruptcy impacts millions of customers Here's what customers, shareholders, and workers should know.
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An influencer keeps her Leavenworth Christmas plans despite severe flooding, sparking debate over tourism, safety and local livelihoods.
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