US Trade Deficit Unexpectedly Shrinks to Smallest Since 2020

Eli Lilly's new obesity treatment shot has demonstrated a significant weight loss of 23% among patients in a recent study, positioning it as a potentially leading option in the weight-loss medication market. This development was reported by Madison Muller on Bloomberg Television.

Hungary's dollar bonds and the forint have declined following a Bloomberg report indicating that Prime Minister Viktor Orban is considering a shift to a presidential system after the upcoming parliamentary elections in April. This speculation has raised concerns among investors regarding the stability of Hungary's political landscape.

US initial jobless claims rose by 44,000 to 236,000 for the week ending December 6, marking the largest increase since the pandemic began. This surge in unemployment benefit applications contrasts with a narrowing trade deficit, which unexpectedly shrank to its smallest level since mid-2020 due to increased exports.

OPEC has maintained its forecasts for global oil supplies and demand in 2026, indicating a balanced market despite widespread expectations of a surplus. This stability suggests that OPEC is confident in its ability to manage production levels effectively.

European stocks have risen, showing resilience against a backdrop of declining markets in the US driven by concerns over artificial intelligence (AI) valuations. This upward movement in Europe comes despite a challenging week for the region's stocks, which had recently suffered their worst performance since August.

The U.S. has seized an oil tanker off the coast of Venezuela, a move that poses significant risks to over 30 sanctioned ships operating in the region. This action reflects escalating tensions between the U.S. and Venezuela, particularly amid ongoing political turmoil and economic challenges faced by the Maduro regime.

The U.S. has seized an oil tanker near Venezuela that was reportedly flying a false Guyana flag, escalating tensions in the region. This action comes amid ongoing political turmoil in Venezuela and highlights the U.S. government's increasing military presence in the area.

Former President Donald Trump has introduced a new immigration initiative, offering $1 million 'gold card' visas to individuals who can demonstrate a substantial benefit to the United States. This program aims to attract skilled immigrants who can contribute positively to the economy and society.