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TradeBriefs Editorial

From the Editor's Desk

Big Oils Favorite Climate Change Solution

This year’s United Nations climate summit will be the biggest in history–and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil. Continued here

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Pharmacies Shared Patient Records Without a Warrant, an Inquiry Finds    
Pharmacies Shared Patient Records Without a Warrant, an Inquiry Finds
“People think HIPAA has broader protection than it does,” Professor Mello said. “It wasn’t designed to enable health care providers to resist very misguided, in my view, attempts to enforce laws that impact patients in a negative way.”


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So Far, No Major Fallout for M.I.T. President After Contentious Testimony    
So Far, No Major Fallout for M.I.T. President After Contentious Testimony
Professor Mary Fuller, the faculty chair at M.I.T., referred a reporter to her letter of support for Dr. Kornbluth, signed by more than a dozen past chairs. “Let me point you to something solid,” she wrote in an email, “rather than trying to describe the mood of thousands of people on the cusp of finals (and winter break).”


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QAnon Supporter Pours Cash Into a Legal-Defense Fund for Trump Allies    
QAnon Supporter Pours Cash Into a Legal-Defense Fund for Trump Allies
Shane Goldmacher is a national political correspondent, covering the 2024 campaign and the major developments, trends and forces shaping American politics. He can be reached at [email protected]. More about Shane Goldmacher


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Mastercard and Visa face post-Brexit card fee cap    
Mastercard and Visa face post-Brexit card fee cap
Last month a UK government-commissioned report said Britain needs a \"digital alternative\" to relying on the US payments giants, echoing longstanding ambitions in the EU for a \"home grown\" alternative.


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Oil Companies Are Fine With Call to Move Away From Fossil Fuels    
Oil Companies Are Fine With Call to Move Away From Fossil Fuels
“Demand for affordable, reliable energy will continue to rise as global population increases, and the world will need more sources of energy, not fewer,” said the American Petroleum Institute, a trade group based in Washington that represents a wide range of companies, said on Wednesday.


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GM's Cruise robotaxi unit dismisses nine 'key leaders' amid safety investigation    
GM's Cruise robotaxi unit dismisses nine 'key leaders' amid safety investigation
But thus far, Cruise has cost GM more than $8 billion since the company acquired it in 2016, according to public filings. The losses have been increasing annually, including $1.9 billion through the third quarter of this year.Don\'t miss these stories from CNBC PRO:


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Appeals court rejects Trump presidential immunity challenge to E. Jean Carroll case    
Appeals court rejects Trump presidential immunity challenge to E. Jean Carroll case
In a related civil lawsuit case tried in Manhattan federal court earlier this year, Trump was found liable for sexually abusing Carroll in a New York department store in the mid-1990s after a chance encounter there, and defaming her in late 2022 when he again denied her allegation.


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Armie Hammer Shares Cryptic Passage About ‘Annihilation’ After Rape, Abuse Accusations    
Armie Hammer Shares Cryptic Passage About ‘Annihilation’ After Rape, Abuse Accusations
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Families Of American Hostages In Gaza Say Biden Reaffirms Commitment To Freeing Their Loved Ones    
Families Of American Hostages In Gaza Say Biden Reaffirms Commitment To Freeing Their Loved Ones
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Here's why bringing down inflation has been different this time, according to Jerome Powell    
Here's why bringing down inflation has been different this time, according to Jerome Powell
While many economists and Wall Street forecasters entered the year projecting a recession in 2023, the U.S. economy has instead proven surprisingly resilient. The stock market has also rallied after a deep sell-off in 2022, with the Dow Jones Industrial Average closing at a record high on Wednesday.


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Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%    
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
Projections released by the Fed showed the central bank would slash rates to a median 4.6% by the end of 2024, which would be three quarter-point reductions from the current targeted range between 5.25%-5.5%. 


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Billionaire Bill Ackman argues his antisemitism crusade against Harvard is totally unrelated to his 'unfortunate experience as a donor'    
Billionaire Bill Ackman argues his antisemitism crusade against Harvard is totally unrelated to his 'unfortunate experience as a donor'
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Labor MP Josh Burns says Australia's UN Gaza ceasefire vote not relevant to 'people on the ground'    
Labor MP Josh Burns says Australia's UN Gaza ceasefire vote not relevant to 'people on the ground'
The Australian Palestine Advocacy Network (APAN) welcomed the Albanese government's shift in position as "testament to the hundreds of thousands of Australians who marched, rallied and chanted demanding an immediate ceasefire".


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South Australia to hold royal commission into domestic violence after 'horrendous' deaths    
South Australia to hold royal commission into domestic violence after 'horrendous' deaths
"This commitment is a demonstration of our resolve to make sure that we have the best possible systems in place - to prevent violence before it starts, provide the best possible support for all women, and empower them to walk new journeys, understand and address children's experiences of domestic violence and tackle gender inequality."


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Trump Once Accused Warren Buffett Of Tax Evasion, Despite His Own Refusal To Release Tax Returns — Buffett Fires Back: 'I Have Copies Of All 72 Of My Returns'    
Trump Once Accused Warren Buffett Of Tax Evasion, Despite His Own Refusal To Release Tax Returns — Buffett Fires Back: 'I Have Copies Of All 72 Of My Returns'
This article Trump Once Accused Warren Buffett Of Tax Evasion, Despite His Own Refusal To Release Tax Returns — Buffett Fires Back: \'I Have Copies Of All 72 Of My Returns\' originally appeared on Benzinga.com


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Facts vs. Feelings: Limping our way into the fantasy playoffs    
Facts vs. Feelings: Limping our way into the fantasy playoffs
Trying to project Washington\'s usage trees has been a maddening endeavor. Thomas, however, has had his opportunities. He\'ll get another one when he takes on the Rams this Sunday. Los Angeles has allowed the third-most fantasy points to tight ends. More specifically, the Rams have given up the third-most yards, third-most yards per reception, and seven TDs (tied for the most in the NFL) to the position. Fact is, Thomas hasn\'t found pay or cleared 10 fantasy points since Week 8, so maybe -- and this is just a feeling -- he\'s due!


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A New Playbook for College Donors: Power Politics    
A New Playbook for College Donors: Power Politics
Their pressure campaigns have resembled winner-take-all Wall Street investment strategies, threatening to pull their money from schools that have become increasingly beholden to their largest donors.


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Abortion Ruling Keeps Texas Doctors Afraid of Prosecution    
Abortion Ruling Keeps Texas Doctors Afraid of Prosecution
“The reason that the difference matters is that it opens up the gate for bringing in competing expert witnesses,” said Ms. Portuondo, the law professor. “The state has its Rolodex of pro-life physicians who will say ‘I don’t think it is reasonable to perform this abortion.’”


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Texas Woman Sentenced For Fatally Stabbing Tourist In Bed With Her Boyfriend    
Texas Woman Sentenced For Fatally Stabbing Tourist In Bed With Her Boyfriend
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Senate Passes Defense Bill, Steering Clear of Far-Right Policy Dictates    
Senate Passes Defense Bill, Steering Clear of Far-Right Policy Dictates
Republican and Democratic leaders in the Senate have championed the bill as a fair compromise that prioritizes competition with adversaries and demonstrates support for allies. Some argued that was a particularly important message to send the world at a time when global threats are mounting — particularly considering that Republicans have blocked congressional efforts to approve tens of billions of dollars in emergency military aid for Ukraine and Israel, insisting it be paired with a crackdown on migration at the U.S. border with Mexico.


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Inside the Border Talks That Could Decide the Fate of Ukraine Aid    
Inside the Border Talks That Could Decide the Fate of Ukraine Aid
Zolan Kanno-Youngs is a White House correspondent covering a range of domestic and international issues in the Biden White House, including homeland security and extremism. He joined The Times in 2019 as the homeland security correspondent. More about Zolan Kanno-Youngs


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Pentagon Starts Outreach Program on Blast Risks From Weapons Use    
Pentagon Starts Outreach Program on Blast Risks From Weapons Use
The Veterans Affairs Department’s under secretary for veterans’ benefits, Joshua Jacobs, said in an interview that it was important to find veterans like Mr. Johnson and get them the help they need.


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Detroit Man Charged in Stabbing Death of Synagogue President    
Detroit Man Charged in Stabbing Death of Synagogue President
At about 6:30 a.m. on Saturday, police officers responded to a 911 call and found Ms. Woll outside, unresponsive and with multiple stab wounds. A trail of blood led to her home, where the police believe the crime had occurred.


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Should Retail Theft Suspects Benefit From Discount Prices?    
Should Retail Theft Suspects Benefit From Discount Prices?
But the two men, Michael Green, 50, and Byron Bolden, 37, who had pleaded not guilty, contended that the value of the items was $1,856.19, because some of the goods, including at least one of the mixers, were on sale, said Thomas A. Ramunda Jr., Mr. Bolden’s lawyer. That would classify the charge as a misdemeanor.


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Education Dept. Is Investigating Six More Colleges Over Campus Discrimination    
Education Dept. Is Investigating Six More Colleges Over Campus Discrimination
On Saturday, the president of the University of Pennsylvania, M. Elizabeth Magill, resigned four days after she went before Congress and appeared to evade the question of whether students who called for the genocide of Jews should be punished. Harvard’s board has since rebuffed similar calls for its president, Claudine Gay, to step down.


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Mort Engelberg, Producer of Hit Films and Presidential Campaigns, Dies at 86    
Mort Engelberg, Producer of Hit Films and Presidential Campaigns, Dies at 86
Trip Gabriel is a national correspondent. He covered the past two presidential campaigns and has served as the Mid-Atlantic bureau chief and a national education reporter. He formerly edited the Styles sections. He joined The Times in 1994. More about Trip Gabriel


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Democrats Seize on Texas Case in Push for Abortion Rights    
Democrats Seize on Texas Case in Push for Abortion Rights
“It is absolutely unacceptable that women have to ask permission to get lifesaving health care,” said Ashley All, who helped run a campaign for an abortion-rights ballot measure in Kansas and urges Democrats to push legislation codifying abortion rights in federal law. “The fact that we aren’t making some sort of effort nationally to fix that problem is frustrating.”


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Judge Pauses Trump Election Case Amid Appeal of Immunity Issue    
Judge Pauses Trump Election Case Amid Appeal of Immunity Issue
Alan Feuer covers extremism and political violence for The Times, focusing on the criminal cases involving the Jan. 6 attack on the Capitol and against former President Donald J. Trump.  More about Alan Feuer


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Trump and His Allies Descend on Iowa    
Trump and His Allies Descend on Iowa
During his keynote address at a gala for the New York Young Republican Club, Mr. Trump confirmed that he “wanted to be a dictator” for a day, only to build a border wall and drill for oil. He called the suggestion that he would be a threat to democracy Democrats’ “newest hoax.”


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Justices to Decide Scope of Obstruction Charge Central to Trump’s Jan. 6 Case    
Justices to Decide Scope of Obstruction Charge Central to Trump’s Jan. 6 Case
Adam Liptak covers the Supreme Court and writes Sidebar, a column on legal developments. A graduate of Yale Law School, he practiced law for 14 years before joining The Times in 2002. More about Adam Liptak


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Hunter Biden, Defying Deposition Subpoena, Again Offers Public Testimony    
Hunter Biden, Defying Deposition Subpoena, Again Offers Public Testimony
They have pursued Hunter Biden for years, searching for evidence that his father was involved in corruption related to his business dealings with foreign entities, and had stacked boxes of papers on a table inside a deposition room waiting to question him.


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Supreme Court Will Hear Challenge to Abortion Pill Access    
Supreme Court Will Hear Challenge to Abortion Pill Access
But it rolled back regulations governing the pill, to before 2016. In the years since, the agency made changes that broadened access to the drug. Under those pre-2016 rules, mifepristone must be prescribed only by a doctor and picked up in person. Patients also had to visit a doctor three times during the abortion process.


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World Bank Warns Record Debt Burdens Haunt Developing Economies    
World Bank Warns Record Debt Burdens Haunt Developing Economies
“A lot of countries around the world are really suffering, especially with high interest rates from unsustainable debt burdens,” Ms. Yellen said. “They need to restructure their debt and we need to cooperate to do it.”


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California’s 2023 in Photos    
California’s 2023 in Photos
The Michelin Guide on Tuesday added seven new restaurants to its California guide, including a vegetarian restaurant and wine bar in Koreatown in Los Angeles and an eastern Mediterranean restaurant in the Presidio in San Francisco.


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House Approves Biden Impeachment Inquiry as G.O.P. Hunts for an Offense    
House Approves Biden Impeachment Inquiry as G.O.P. Hunts for an Offense
“They ridiculed my struggle with addiction; they belittled my recovery; and they have tried to dehumanize me — all to embarrass and damage my father, who has devoted his entire public life to service,” he said.


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Starbucks baristas in North Carolina and Rhode Island vote to unionize just as company renews contract talks    
Starbucks baristas in North Carolina and Rhode Island vote to unionize just as company renews contract talks
The Rhode Island Starbucks store that voted unanimously to unionize Tuesday (Dec. 12) will be the first store in the state to become a part of Starbucks Workers United, according to The Providence Journal. The North Carolina store was the third in the state to unionize, The News & Observer reported.


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Starlink traffic skyrocketed in Brazil this year—for better or for worse    
Starlink traffic skyrocketed in Brazil this year—for better or for worse
Starlink will spin off from SpaceX to launch its initial public offering (IPO) late next year, as reported last month. But after the report, Musk took to X (formerly Twitter) dismissed the report as“false.” Billionaire investor Ron Baron pegged the timeline for Starlink’s IPO to be around 2027—a prediction Musk has neither confirmed nor denied.


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Noncompete agreements don’t just hurt the workers who sign them    
Noncompete agreements don’t just hurt the workers who sign them
Four US states—California, Minnesota, North Dakota, and Oklahoma—have banned noncompetes, and New York’s state legislature passed a bill earlier this year outlawing their use. The measure is awaiting the signature of Governor Kathy Hochul, who has until the end of the year to pass or veto it.


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Netflix has released a trove of viewing data, but to what end?    
Netflix has released a trove of viewing data, but to what end?
“Lots of brands want more visibility into the types of program at a genre and title level that are engaging consumers—because that’s what they get from regular TV, and streaming has traditionally been a black box.”


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Ark Invest Bet $600 Million on This Tech Stock. Down 88%, Is It Time to Buy?    
Ark Invest Bet $600 Million on This Tech Stock. Down 88%, Is It Time to Buy?
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.


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Chicken Run: Dawn of the Nugget review – sequel soars above the original    
Chicken Run: Dawn of the Nugget review – sequel soars above the original
There is also a slyly subversive edge to proceedings. The corporate Fun-Land Farms compound is more sinister than the Tweedys\' crumbling farm was, and, for all its wackiness, the film includes frequent reminders of the reality of modern industrialised meat processing. Most viewers should be cock-a-hoop, although shareholders of certain fast-food franchises might wish that plans for a Chicken Run sequel had never been hatched.


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Elon Musk's Tesla recalls two million cars in US over Autopilot defect    
Elon Musk's Tesla recalls two million cars in US over Autopilot defect
According to the NHTSA recall report, the \"over the air update\" will include additional alerts and monitoring \"to encourage the driver to adhere to their continuous driving responsibility whenever Autosteer is engaged.\"


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Facebook encryption risks children's safety, National Crime Agency warns    
Facebook encryption risks children's safety, National Crime Agency warns
The company believes encryption will prevent hackers, fraudsters and criminals from reading private messages and said it had developed other measures to protect children including a restriction on users over 19s sending messages to young people who don\'t follow them.


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Name that whale! How AI aces animal spotting    
Name that whale! How AI aces animal spotting
Back at HappyWhale, it says that the whale tracking data it gets from users\' photos played a key role in persuading members of the International Association of Antarctica Tour Operators to reduce the maximum allowed speed of their ships to prevent whale strikes.


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Interest rates: How the Bank of England's decision affects you and your money    
Interest rates: How the Bank of England's decision affects you and your money
Bank statistics show that in October, the average annual interest rate was 22.52% on bank overdrafts and 21.05% on credit cards. The average rate for personal loans was 8.71%, down very slightly on the previous month.


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Energy firms must help struggling customers under new rules    
Energy firms must help struggling customers under new rules
If you are reading this page and can\'t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at [email protected]. Please include your name, age and location with any submission.


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Ex-BP boss to lose £32m after 'serious misconduct'    
Ex-BP boss to lose £32m after 'serious misconduct'
It is understood that Mr Looney\'s decision to resign meant his long-term performance share awards lapsed along with his annual bonus for 2023, which represented the majority - 87% - of the £32.4m package. The board also decided to halt other payments and bonuses.


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Federal Reserve signals interest rate cuts next year    
Federal Reserve signals interest rate cuts next year
By making borrowing more expensive, higher interest rates encourage saving and reduce borrowing for home purchases and business investments, cooling the economy and easing the pressures pushing up prices.


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Martin Lewis: 'I have dark days mental health wise'    
Martin Lewis: 'I have dark days mental health wise'
If you are reading this page and can\'t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at [email protected]. Please include your name, age and location with any submission.


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Fed Leaves Rates Unchanged and Signals Three Cuts Next Year    
Fed Leaves Rates Unchanged and Signals Three Cuts Next Year
“Inflation keeps coming down, the labor market keeps getting back into balance,” Mr. Powell said Wednesday. “It’s so far, so good, although we kind of assume that it will get harder from here, but so far, it hasn’t.”


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Tesla Recalls Autopilot Software in 2 Million Vehicles    
Tesla Recalls Autopilot Software in 2 Million Vehicles
“N.H.T.S.A. has forced Tesla to focus on the right issues,” said Matthew Wansley, professor at the Cardozo School of Law in New York who specializes in emerging automotive technologies. “But everything depends on the details.”


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Behind the Birth of an Anti-Vaccine Story    
Behind the Birth of an Anti-Vaccine Story
Stuart A. Thompson writes about how false and misleading information spreads online and how it affects people around the world. He focuses on misinformation, disinformation and other misleading content. More about Stuart A. Thompson


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Germany, Roiled by a Court Ruling, Finally Has a Budget    
Germany, Roiled by a Court Ruling, Finally Has a Budget
“It is both good and important that the federal government has reached an agreement,” Bertram Kawlath, the vice president of the VDMA, an industry association of mechanical engineers, said in a statement. “The weeks of uncertainty are now over, clearing the way for important investments,” he said.


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BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues    
BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues
BP has not announced a replacement for Mr. Looney, leaving an uncertain leadership situation at a time when the oil industry is trying to navigate volatile oil prices and the shift to cleaner energy. Murray Auchincloss, the chief financial officer, is serving as interim chief executive.


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Cheating Fears Over Chatbots Were Overblown, New Research Suggests    
Cheating Fears Over Chatbots Were Overblown, New Research Suggests
Natasha Singer writes about technology, business and society. She is currently reporting on the far-reaching ways that tech companies and their tools are reshaping public schools, higher education and job opportunities. More about Natasha Singer


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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024    
Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024
Joe Rennison writes about financial markets, a beat that ranges from chronicling the vagaries of the stock market to explaining the often-inscrutable trading decisions of Wall Street insiders. More about Joe Rennison


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What Car Owners Should Know About the Tesla Autopilot Recall    
What Car Owners Should Know About the Tesla Autopilot Recall
Drivers who have questions about the recall can call Tesla customer service at 1-888-327-4236. They can also call the National Highway Traffic Safety Administration’s vehicle safety hotline at 1-888-327-4236. More information about the recall can be found at www.nhtsa.gov.


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How to Read the Fed’s Projections Like a Pro    
How to Read the Fed’s Projections Like a Pro
Still, it will be notable just how quickly Fed officials think they can guide inflation fully back to target. In their latest forecast, officials didn’t expect to get back to target until 2026. But given recent progress, they may be feeling more optimistic now.


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What the Fed’s Moves Mean for Mortgages, Credit Cards and More    
What the Fed’s Moves Mean for Mortgages, Credit Cards and More
Rates on certificates of deposit, which tend to track similarly dated Treasury securities, have also been ticking higher. The average one-year C.D. at online banks was 5.32 percent as of Dec. 1, up from 4.15 percent a year earlier, according to DepositAccounts.com.




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