The S&P 500 could hit 7,000 this week, while Trump hints at a Fed chair pick and Washington eyes this special election

South Korea's exports experienced a stronger-than-expected increase in November, driven by robust demand for semiconductors and a favorable trade agreement with the United States. This growth reflects a significant recovery in the nation's export sector, which is crucial for its economy.

Donald Trump has commuted the seven-year prison sentence of David Gentile, the former CEO and co-founder of GPB Capital, who was convicted for his role in a $1.6 billion fraud scheme that defrauded over 10,000 investors. This decision comes after Gentile had begun serving his sentence following a conviction related to the fraudulent activities of his firm.

Former President Donald Trump's renewed focus on the drug war is creating significant opportunities for defense startups, as technologies like drones, sensors, and AI platforms are being repurposed for combating narco-terrorism. This shift indicates a strategic pivot in defense spending towards addressing drug-related violence and crime.

Deutsche Bank has projected that the S&P 500 will reach 8,000 by the end of 2026, indicating a 17% increase from its recent closing value. This optimistic forecast suggests a strong market performance as investors anticipate continued growth in the coming year.

President Donald Trump announced the closure of airspace above Venezuela, coinciding with an increase in U.S. military presence off the Venezuelan coast. This decision is part of a broader strategy to combat drug cartels and support efforts to oust President Nicolás Maduro amid escalating tensions between the two nations.

The Biden administration allocated billions to revitalize former coal communities in Appalachia, aiming to transition the region towards solar and advanced energy technologies. However, this initiative faced a setback when Trump's administration reversed these plans, leaving local leaders like Jacob Hannah feeling demoralized about the future of clean energy in the area.

Since Donald Trump's return to the political arena, stocks and cryptocurrencies associated with him and his family have experienced significant declines, reflecting a broader downturn in riskier assets. This trend highlights the challenges faced by Trump's brand in the current economic climate.

Nicolás Maduro has successfully resisted multiple attempts to remove him from power, showcasing his political resilience in the face of external pressures, particularly from the Trump administration. This ongoing defiance highlights the complexities of Venezuelan politics and international relations.