Surgeon general warns about alcohol’s cancer risk, suggests updates to health labels. Cannabis stocks largely rise while alcohol stocks drop. read more
Nvidia’s AI-centric chips drove its market cap to over $3 trillion, making it the second-most valuable public company. Its success was fueled by acquisitions and investments in AI startups. read more
November sales of foreign-made phones in China plummeted as Apple struggles to maintain market share in the face of China’s government subsidies and support of its domestic brands. read more
U.S. manufacturing sector shows signs of improvement in December. PMI rises to 49.3%, strongest since April 2024. Dollar rebounds on positive data. read more
President Joe Biden blocked the $14.9 billion acquisition of United States Steel Corp. (NYSE: X) by Nippon Steel Corp. (OTC: NPSCY), citing national security risks. Biden emphasized the vital role of domestic steel in supporting U.S. infrastructure and defense. read more
