Business news
- Trump slams Rob Reiner after killing; director's son Nick in custody - Rob Reiner was a staunch Trump critic, recently saying, "we have a year before this country becomes a full-on autocracy, and democracy completely leaves us."
- Hassett's Fed chair candidacy received pushback from high-level people close to Trump, sources say - There's concern that the National Economic Council director is too close to the president.
- Palantir CIO Jim Siders leaves to become head of Thrive Capital's new IT services business - Siders spent more than 12 years at Palantir, recently overseeing its global IT operations, business applications and infrastructure.
- High cost of goods is causing consumers to spend less for the holidays, CNBC survey finds - The latest CNBC All-America Economic Survey found the "high cost of goods" has emerged as a major factor affecting how much shoppers spend and where they spend.
- FDA approved a $250,000 Singapore work trip during government shutdown, records show - The FDA sent 31 staffers to a Singapore conference during the shutdown, records show, raising questions of optics, spending and the agency's strained resources.
- Ukraine gives up joining NATO in bid to shift the dial in Russia peace talks - Russia's opposition made NATO membership unlikely for Ukraine, but it's a major policy shift to publicly abandon the goal.
- Hong Kong court finds pro-democracy activist Jimmy Lai guilty of sedition and collusion with foreign forces - The 78-year-old was charged under Hong Kong's controversial national security law, enacted by Beijing in 2020.
- China's retail sales growth sharply misses estimates in November, deepening consumption worries - China's retail sales growth and industrial production missed estimates in November while investment declined more than expected.
- Asia-Pacific markets set for lower open ahead of key data from China and Japan - China will release its November retail sales, fixed asset investment and industrial output numbers, while Japan will announce its fourth-quarter Tankan survey.
- Broadcom and Costco's rich valuations leave little room for error as battleground stocks - In his Sunday column for Investing Club subscribers, CNBC's Jim Cramer writes about the issues facing Broadcom and Costco.