News from the economy, politics and the financial markets
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It's too late for some last-minute tax moves — but these can be tackled with days to go in 2025
There's still time to boost your refund or reduce your tax bill for 2025. But your last chance is Dec. 31.
Oil giant BP to sell 65% stake in $10 billion Castrol unit
The oil giant is looking to divest $20 billion of its assets by the end of 2027.
European markets poised for lackluster open ahead of shortened trading session
The Stoxx 600 notched a new record closing high, buoyed by Copenhagen-listed Novo Nordisk.
Japan's Sapporo Holdings to sell real estate business for $2.6 billion to KKR-led consortium: NHK
The move is because Sapporo wants to concentrate management resources on its core beer business.
This ex-doctor faced ‘incredible burnout’ and left medicine to build an AI tool – now, it’s worth over $460 million
Thomas Kelly, 33, left medicine to build an AI tool to help doctors with their heavy workloads. Today, his company is worth over $460 million.
Asia markets mostly up in Christmas Eve trading; gold crosses $4,500 for the first time
Asia-Pacific markets traded mostly higher Wednesday as several indexes are set to close early in lieu of the Christmas Eve holiday.
Asia’s year in review: Who had it best — and who had it worst — in 2025
What a year this has been. Understandably for many, it could not be over soon enough.
Wednesday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 climbed to a fresh record close on Tuesday, propelled by gains in the tech sector.
China’s mineral dominance gives Western magnet makers a moment in the sun
"Frankly, we were the solution to the problem that the world didn't know it had," Rahim Suleman, CEO of Canadian group Neo Performance Materials, told CNBC.
Emerging markets had a bumper year — here’s what could be in store in 2026
Many emerging markets indexes drastically outperformed rivals in developed markets, including the S&P 500.
Libyan army's chief dies in plane crash in Turkey
The Libyan army's chief of staff, Mohammed Ali Ahmed Al-Haddad, died in a plane crash on Tuesday after leaving Turkey's capital Ankara, the prime minister of Libya's internationally recognised government said, adding that four others were on the jet as well.
Supreme Court rejects Trump's bid to send National Guard to Chicago
In an unsigned decision released on Tuesday, the court said Trump lacked the authority to federalize troops in Chicago.
BlackRock thinks these bonds could be winners for income investors in 2026
Next year could be the best fixed-income environment BlackRock's Russ Brownback has ever seen.
Tesla's charts look attractive as the new year approaches. Here's why
Jay Woods of Freedom Capital Markets breaks down the charts on Tesla ahead of of 2026.
Buy these three stocks as part of your ‘set-it & forget it’ 2026 portfolio, says Evercore ISI
Evercore ISI's standout technology stocks for the new year include Amphenol, Apple and Arista Networks.
Epstein files: Latest batch from DOJ includes a personal letter, emails and heavily redacted documents
The release comes amid intense scrutiny from congressional lawmakers and victims over the DOJ's handling of the Epstein files.
Tanger CEO says retailers are 'discounting to meet the consumer' this holiday season
Tanger CEO Stephen Yalof says shoppers kept spending this holiday season as promotions and value offset weaker consumer confidence.
Fed chair candidate Hassett says U.S. is way behind the curve on lowering interest rates
Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation.
U.S. GDP grew much faster than expected in the third quarter. What that means for rate cuts in 2026
The third quarter’s U.S. GDP reading came in stronger than anticipated, raising questions of what the findings might mean for rates in 2026.
27-year-old boosted his income from $50,000 to $432,000 at Amazon in 5 years—it allowed him to quit and start his own business
Nabeel Khan was methodical in building his career at Amazon, rising the ranks quickly from operations manager to project manager to product manager.
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