US can replicate revenues if Supreme Court rules against IEEPA tariffs, trade chief says

Stocks in the US have experienced a significant drop, driven by ongoing concerns regarding the exuberance surrounding artificial intelligence (AI) valuations, which has also led to a rise in US Treasury yields. This downturn reflects a broader apprehension among investors about the sustainability of AI-driven market growth.

The U.S. has seized a supertanker near Venezuela, which is now reportedly heading to Houston. This action is part of a broader strategy by the U.S. to exert pressure on the Venezuelan government amid escalating tensions between the two nations.

US credit card debt is on the rise as the holiday season approaches, but the pace of increase is slower compared to the same period last year, according to the Federal Reserve and major credit trackers. This trend indicates a shift in consumer behavior as Americans continue to use credit cards but may be more cautious in their spending habits.

The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, a move that threatens to exacerbate the country's already fragile economy, which is on the brink of hyperinflation. This seizure is part of a broader strategy by the U.S. to exert pressure on the Venezuelan government amid ongoing political turmoil.

Broadcom's shares fell after the company's sales outlook for the AI market did not meet investor expectations, despite previously reporting strong earnings and a revenue forecast of $19.1 billion for the upcoming fiscal first quarter. President Trump announced the US's willingness to assist Ukraine's security as part of a peace plan.

The U.S. has seized an oil tanker near Venezuela, which was reportedly flying a false Guyana flag, raising concerns about the implications for oil supply to Cuba. This action has heightened tensions in the region amid ongoing political instability in Venezuela.

Oil prices have risen due to escalating tensions between the U.S. and Venezuela, particularly following the U.S. seizure of an oil tanker near Venezuela, which has led to a temporary increase in oil futures. However, the market is still set for a weekly decline as concerns about oversupply persist.

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.