Bitcoin reached a record price of $100,000 on Wednesday, marking an extraordinary milestone for the once-niche digital currency. The achievement underscores Bitcoin’s evolution from an experimental asset dismissed by Wall Street into a central player in global finance.
San Francisco Mayor-elect Daniel Lurie faces a daunting task as he prepares to address the city’s $876 million budget shortfall when he takes office on January 8. The fiscal crisis stems from pandemic-era decisions, declining tax revenue, and rising costs.
Senator Richard Blumenthal, chair of the Senate Permanent Subcommittee on Investigations, criticized airlines for exploiting passengers with rising fees for luggage, seat assignments, and other services. Blumenthal's remarks came ahead of a Wednesday hearing titled "The Sky’s the Limit — New Revelations About Airline Fees," where executives from major airlines, including American, United, Delta, Spirit, and Frontier, are set to testify.
President-elect Donald Trump has reaffirmed his opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japanese company Nippon Steel. Trump pledged to block the deal, continuing the stance taken by the Biden administration earlier this year. He proposed stronger tariffs and tax incentives to reinvigorate the iconic steel company and prevent it from relocating its operations out of Pittsburgh.
China announced Tuesday a ban on exporting certain minerals and metals to the U.S., escalating the ongoing trade and tech war. The targeted materials—germanium, gallium, antimony, and superhard substances—are vital for manufacturing semiconductors, batteries, and military hardware.
President Joe Biden has announced over $1 billion in humanitarian aid to assist individuals displaced by drought and conflict across 31 African nations. This commitment was unveiled during his recent visit to Angola, where he emphasized the United States' dedication to supporting Africa's humanitarian needs.
