Monday, December 9
Trump requests dismissal of criminal case in New York after election victory
Politics

Trump requests dismissal of criminal case in New York after election victory

Donald Trump announced in a New York court Tuesday that he is pursuing dismissal of the criminal case against him, which involves 34 counts related to alleged hush money payments to an adult film actress. The development comes in the wake of his victory in the November 5 presidential election. Judge Juan Merchan, who had previously scheduled Trump's sentencing for Nov. 26, agreed to delay the deadline indefinitely, allowing the former president to file his motion to dismiss. Trump's legal team argued that the charges could create "unconstitutional impediments" to his ability to govern as president. These arguments underscore the challenges of handling a criminal case during Trump's next term, which begins Jan. 20. Manhattan District Attorney Alvin Bragg's office acknowledged the ...
Frontier Airlines will introduce first-class seating in the competitive round
Business

Frontier Airlines will introduce first-class seating in the competitive round

Frontier Airlines, one of the world's leading low-cost airlines, is poised to introduce first-class seating as part of a strategic shift aimed at attracting customers seeking greater comfort and personal space. The move reflects growing competition in the airline industry to satisfy passengers willing to pay for premium experiences. Starting in September, Frontier plans to overhaul the cabin layout by replacing the first two rows of the standard three-by-three economy seating configuration with four first-class seats arranged in a spacious two-by-two arrangement. The Denver-based airline is also enhancing its loyalty program to incentivize frequent flyers, offering free seat upgrades for Gold-level members and above when available, and introducing free companion tickets for Plati...
Lake-effect snow blankets the Great Lakes region as winter intensifies
Politics

Lake-effect snow blankets the Great Lakes region as winter intensifies

As U.S. travelers braved wintry conditions to return home after the Thanksgiving holiday, residents in the Great Lakes region braced for more snow and freezing temperatures in the coming days, meteorologists said. The National Weather Service (NWS) indicated that Monday's snowfall, combined with gusty winds and dropping temperatures, was just the beginning of what is expected to be a prolonged winter storm. The combination of these elements is likely to intensify in some areas, creating dangerous conditions. Lake-effect snow warnings, caused when cold, dry air moves over the warmer waters of the Great Lakes, producing narrow, intense bands of snow, remained in effect across parts of Ohio, Pennsylvania and New York until Tuesday night. This type of snow can bring significant accum...
Job postings rise in October as hiring slows, signaling a cooling job market
Business

Job postings rise in October as hiring slows, signaling a cooling job market

The U.S. job market showed mixed signals in October, as job postings increased while hiring fell, according to data released Tuesday by the Bureau of Labor Statistics (BLS). The report, part of the Job Openings and Labor Turnover Survey (JOLTS), revealed a complex picture of the jobs landscape during a month in which overall job growth hit its lowest point in nearly four years. Employers reported 7.74 million job postings in October, an increase of 372,000 from September and beating estimates by 7.5 million. This increased the job vacancy rate to 4.6%, up from 4.4% the previous month. Despite the increase in job offers, the labor market continued to rebalance, with the ratio of vacancies to unemployed falling to 1.1. This marks a significant shift from the peak in 2022, when the ...
Stellantis CEO Carlos Tavares resigns due to internal disagreements
Recent news

Stellantis CEO Carlos Tavares resigns due to internal disagreements

Carlos Tavares, the esteemed CEO of Stellantis, resigned unexpectedly, citing "increasingly different opinions" between him and the automaker's board of directors. The announcement, made Sunday, marks the end of Tavares' tenure with immediate effect, leaving the world's fourth-largest automaker searching for a new leader during a difficult period. In a statement, Stellantis confirmed that its board of directors accepted Tavares' resignation and that the search for a new CEO is already underway. The trial is expected to conclude in the first half of next year. Meanwhile, an interim executive committee will be established under the leadership of President John Elkann to oversee the company's operations. Henri de Castries, senior independent director at Stellantis, explained the circumstance...
Anthony Edwards demands accountability as Timberwolves face ongoing struggles
Recent news

Anthony Edwards demands accountability as Timberwolves face ongoing struggles

Anthony Edwards, known for his fearless demeanor on and off the court, didn't hold back after the Minnesota Timberwolves suffered a 115-104 loss to the Sacramento Kings. The young star, now in his fifth NBA season, offered a blunt criticism of his team's performances, pointing to internal problems as the root of their recent decline. “We are soft (heck) as a team, but not in the way we deal with opponents – internally we are soft,” Edwards said. “We don't communicate, we act like a bunch of kids. This is the reality and if we don't face it, we will be going in the wrong direction." The Timberwolves, who made it to the Western Conference finals in 2024, have fallen on hard times. After a promising 6-3 start to the season, they have now lost four straight games and seven of their l...
The Kremlin criticizes potential pressure from the United States to impose the use of the dollar
Politics

The Kremlin criticizes potential pressure from the United States to impose the use of the dollar

The Kremlin has rejected the idea of ​​the United States forcing other nations to rely on the dollar, warning that such actions could be counterproductive. This statement follows remarks by US President-elect Donald Trump, who suggested imposing economic sanctions on BRICS countries if they pursue alternatives to the dollar or attempt to create a shared currency. Over the weekend, Trump expressed concern about BRICS countries – initially Brazil, Russia, India and China, later expanded to include other nations – potentially adopting a unified currency or diverging from the US dollar in international trade. He warned that any move in this direction would face serious economic repercussions. The BRICS bloc currently does not have a shared currency, although discussions on the idea have gaine...
Scott Bessent is poised to lead the Trump administration’s economic policy
Business

Scott Bessent is poised to lead the Trump administration’s economic policy

Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism in financial markets, with stock futures rising and Treasury yields falling early Monday. This reaction followed Friday's announcement that Trump intended to name Bessent, a seasoned Wall Street figure, as his administration's top economic policymaker. The appointment sends a clear signal of Trump's commitment to putting someone with extensive market experience and a shared economic philosophy at the helm of the Treasury Department. Analysts widely praised the decision, noting that Bessent's experience is likely to reassure investors and bolster confidence in the administration's economic strategy....
Zoom shares fall despite strong quarterly results and optimistic outlook
Recent news

Zoom shares fall despite strong quarterly results and optimistic outlook

Eric Yuan, founder and CEO of Zoom Communications Inc., spoke about the company's ongoing transformation at the annual Concordia Summit held in New York on September 25, 2024. The video conferencing giant, formerly known as Zoom Video Communications, reported solid financial results for its fiscal third quarter, but its shares fell 4% in extended trading on Monday amid mixed investor sentiment regarding its future guidance. Zoom posted results that beat Wall Street's expectations, showing steady growth in an evolving market for its services. According to LSEG financials, the company outperformed analysts' projections in both earnings per share and revenue. Adjusted earnings per share came in at $1.38, above the expected $1.31, while quarterly revenue reached $1.18 billion, above ...
Trudeau emphasizes dialogue as Trump revisits trade policies
Politics

Trudeau emphasizes dialogue as Trump revisits trade policies

Canadian Prime Minister Justin Trudeau recently traveled to Mar-a-Lago, Florida to meet with US President-elect Donald Trump, aiming to address trade tensions and strengthen bilateral relations. Despite previous friction between the two leaders, Trudeau remains engaged in collaborative discussions, hoping to protect Canadian industries and consumers from potentially disruptive U.S. trade policies. During the meeting, Trudeau sought to address concerns about Trump's proposed 25% tariffs on imports from Canada and Mexico, a move that Trump said would curb drug trafficking and unauthorized immigration across the borders of the United States. However, Canadian officials argue that their country's situation differs significantly from that of Mexico, pointing to the smaller number of n...