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Alex Pretti: Protests in Minneapolis after man shot dead by immigration agents
BBC News
Featured Story•

Alex Pretti Shot by Federal Agents: Protests in Minneapolis

National protests erupt in Minneapolis after federal immigration agents fatally shoot Alex Pretti. Eyewitness video contradicts federal self-defense claims.

  • •The Big Picture: Minneapolis has become the epicenter of a national firestorm following the fatal shooting of 37-year-old intensive care nurse Alex Pretti by federal immigration agents on Saturday morning. The incident, which occurred during a high-stakes confrontation amidst ongoing immigration raids, has sparked mass demonstrations across major U.S. cities and a bitter war of words between state leaders and the federal government.
  • •The Catalyst: Pretti was reportedly filming federal agents with his smartphone as they engaged with other protesters.
  • •The Escalation: Video evidence shows a federal agent pushing one woman and shoving another to the ground. Pretti appeared to intervene by moving between the agent and the women, raising his arm defensively.
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Latest News

Market Splits: Lilly & Tech Fall, Housing Stocks Rise

Wall Street is divided as a tech selloff hits Eli Lilly and Nvidia, while investors find cautious optimism in housing stocks on new affordability plans.

•CNBC Top News•5 min read

Trump's SALT Deduction Plan: Who Benefits from a Higher Cap?

A potential Trump proposal to raise the $10,000 SALT deduction cap could mean larger tax refunds for high-income households in states like NY and CA. Learn more

•CNBC Top News•5 min read

China Threatens Panama Over US-Linked Canal Port Ruling

Beijing threatens Panama after a court voids a Hong Kong firm's control of strategic canal ports, escalating a U.S.-China rivalry over global infrastructure.

•CNBC Top News•5 min read

AI Disruption Rocks Software Stocks: Jim Cramer's Guide

AI disruption fears are causing a major sell-off in software stocks. Learn why Wall Street is worried and how Jim Cramer is navigating the market rout.

•CNBC Top News•5 min read

Gold & Silver Prices Rebound Amid Volatility Concerns

Gold and silver are extending their rebound after a historic selloff, but investor caution remains high due to market volatility and an uncertain outlook.

•CNBC Top News•5 min read
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Top Stories

AMD shares drop as forecast comes up short of some expectations
© CNBC Top News
CNBC Top News

AMD Shares Drop Despite Strong Earnings on AI Forecast

AMD stock fell despite beating Q4 earnings estimates. The chipmaker's forward guidance for its AI business failed to satisfy the market's high expectations.

  • ▸SAN FRANCISCO – Advanced Micro Devices posted fourth-quarter results that comfortably beat Wall Street estimates, but its shares tumbled in after-hours trading as the chipmaker’s forward guidance, while strong, failed to satisfy the market's towering expectations for the artificial intelligence boom.
  • ▸Q4 Earnings Per Share (EPS): $1.53, handily beating the LSEG consensus estimate of $1.32.
•5 min read
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Match beats estimates, but issues weak guidance on higher spending
© CNBC Top News
CNBC Top News

Match Group Beats Q4 Estimates, Offers Weak 2024 Outlook

Match Group (MTCH) reported Q4 earnings and revenue that beat estimates but issued a weak 2024 forecast due to heavy spending on a Tinder and AI-focused overhau

  • ▸NEW YORK – Match Group delivered a mixed and complex message to Wall Street on Tuesday, reporting fourth-quarter earnings and revenue that surpassed analyst expectations but simultaneously issuing a weaker-than-expected forecast for the year ahead. The dating-app giant is embarking on a costly strategic overhaul, centered on its flagship brand Tinder, to reignite user growth through significant investments in product and artificial intelligence.
  • ▸Earnings Per Share (EPS): 83 cents, comfortably beating the 70 cents expected by analysts. This indicates strong operational efficiency and profitability management during the quarter.
•5 min read
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Senate Banking Democrats demand delay on Warsh nomination until Powell and Cook investigations end
© CNBC Top News
CNBC Top News

Dems Demand Warsh Fed Nomination Delay Amid Investigations

Senate Banking Democrats demand a halt to Kevin Warsh's nomination until federal investigations into Fed Chair Jerome Powell and Governor Lisa Cook are closed.

  • ▸WASHINGTON – A high-stakes political showdown is brewing over the future leadership of the Federal Reserve, as Democrats on the Senate Banking Committee are demanding a halt to all confirmation proceedings for nominee Kevin Warsh until federal investigations into two of the central bank's top officials are concluded. The move threatens to derail President Donald Trump’s pick to run the Fed and injects a new level of uncertainty into the institution responsible for guiding the U.S. economy.
  • ▸The Committee Split: The panel is composed of 13 Republicans and 11 Democrats.
•4 min read
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U.S. could issue general license for oil companies to produce in Venezuela this week, source says
© CNBC Top News
CNBC Top News

US to Issue License for Venezuela Oil Production: Source

The U.S. is expected to issue a general license this week allowing American companies to resume crude oil exploration and production in Venezuela, sources say.

  • ▸WASHINGTON – The Trump administration is poised to dramatically escalate the reopening of Venezuela's battered oil sector, with plans to issue a general license as soon as this week that would permit U.S. companies to resume oil and gas production, a person familiar with the matter told CNBC.
  • ▸The Bottom Line: The U.S. Treasury Department is preparing to authorize U.S. firms to engage in the exploration and production of crude oil in Venezuela. This would unlock the final, most crucial piece of the energy supply chain after sanctions were eased on downstream activities last week.
•4 min read
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Business

Financial news and market updates

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Nintendo shares sink 10% as gaming giant faces memory shortage concerns
© CNBC Top News
CNBC Top News

Nintendo Shares Sink 10% on Memory Shortage Concerns

Nintendo stock plummeted over 10% despite strong profits as investor anxiety over a global memory chip shortage threatens Switch 2 production and margins.

  • ▸**TOKYO — Nintendo Co. shares took a sharp dive on Wednesday, plummeting more than 10% in a single session as investor anxiety over a global memory chip shortage overshadowed a quarter of otherwise robust profitability. The sell-off highlights a critical challenge for the Kyoto-based company: navigating soaring component costs while trying to maintain sales momentum for its new flagship console, the Switch 2.
  • ▸The Financials: Nintendo posted a 24% year-on-year increase in profit for the quarter, demonstrating strong operational performance. However, it fell short of market revenue expectations, signaling potential softness.
•5 min read
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Novo Nordisk shares tumble 18% as CEO warns it will get worse before it gets better
© CNBC Top News
CNBC Top News

Novo Nordisk Shares Tumble on CEO's 2026 Profit Warning

Novo Nordisk stock plunged after its CEO warned of a 2026 sales and profit decline due to strategic price cuts on its popular weight-loss drug, Wegovy.

  • ▸COPENHAGEN – Novo Nordisk, the Danish pharmaceutical giant behind the blockbuster weight-loss drug Wegovy, saw its market value plummet Wednesday after a surprise forecast for 2026 signaled significant pain ahead, erasing its entire year-to-date stock gains in a single session. The company’s stock plunged by as much as 17% in Copenhagen, mirroring a dramatic slide in its American depositary shares Tuesday evening.
  • ▸The Numbers: Novo Nordisk guided for a 5% to 13% decline in both sales and operating profit for the full year 2026. This was far below consensus estimates and indicated a severe margin compression that the market had not priced in.
•4 min read
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Heard on the Street Tuesday Recap: Code Red
© Yahoo Finance
Yahoo Finance

AI "Code Red": Wall Street Sells Off Software Stocks

Anthropic's new AI tools sparked a "code red" on Wall Street, triggering a brutal sell-off in software and data stocks like Thomson Reuters and Intuit.

  • ▸Market Reaction: The Nasdaq Composite saw pockets of extreme weakness, even as the broader index remained relatively stable. The sell-off was characterized by high volume in the affected stocks, indicating a rush for the exits by institutional investors.
  • ▸Sector-Wide Impact: Beyond the headline victims, other companies in legal tech, financial software, data analytics, and customer service platforms also saw their valuations slide as investors extrapolated the threat from Anthropic's announcement across the entire ecosystem.
•5 min read
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FTSE 100 LIVE: London rises as AI-fuelled software sell-off continues
© Yahoo Finance
Yahoo Finance

FTSE 100 Rises as AI Fears Spark Global Software Sell-Off

London's FTSE 100 climbs as investors pivot from tech. A global software sell-off, sparked by fears of AI disruption from a new Anthropic tool, continues.

  • ▸London, UK – The FTSE 100 surged on Wednesday morning, bucking a global trend of anxiety in the technology sector as a fierce sell-off in software stocks, ignited by fears of AI disruption, rippled from Wall Street through Asia. Investors in Europe appeared to pivot, rotating capital out of growth-oriented tech and into more traditional sectors, propelling London’s benchmark index and its continental peers higher.
  • ▸Global Contagion: The sell-off was not isolated. It began on Wall Street and quickly spread to Asian markets overnight. In Hong Kong, Chinese software firm Kingdee International Software (0268.HK) plummeted over 12%.
•5 min read
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Gold price climbs back near $5,100 as investors buy the dip
© Yahoo Finance
Yahoo Finance

Gold Price Rebounds to $5,100 as Investors Buy the Dip

Gold prices stage a powerful recovery towards $5,100 as investors buy the dip after a historic sell-off, viewing it as a prime buying opportunity.

  • ▸LONDON – Gold staged a powerful rebound for a second straight day on Wednesday, with prices pushing back towards the $5,100 level as investors seized on the recent dramatic sell-off as a prime buying opportunity. The precious metal's recovery was further supported by a softening U.S. dollar, which makes the dollar-denominated commodity more attractive to holders of other currencies.
  • ▸Record High: The precious metal soared to an all-time peak of $5,594.82 last Thursday, driven by a potent mix of macroeconomic uncertainty and inflation fears.
•4 min read
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Politics

Political news and analysis

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Trump: If states can't run elections 'honestly,' then 'somebody else should take over'
© CNBC Top News
CNBC Top News

Trump Suggests Federal Takeover of 'Dishonest' Elections

President Trump says the federal government should "take over" state elections it deems aren't run honestly, creating political risk and a constitutional challe

  • ▸WASHINGTON – President Donald Trump escalated his challenge to the U.S. election framework Tuesday, declaring that the federal government should intervene and "take over" election administration in states it deems are failing to do so "legally and honestly." The remarks, delivered from the Oval Office, signal a doubling-down on his recent calls to "nationalize" voting, a move that ignites a constitutional firestorm and injects a new layer of uncertainty into the upcoming midterm elections.
  • ▸Why it matters: The President's statements represent a direct assault on the centuries-old tradition of state and local control over elections. For financial markets and business leaders, this introduces significant political risk, threatening a protracted battle over the fundamental mechanics of American democracy that could overshadow economic policy and stall legislative action.
•5 min read
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Venezuela tells China oil prices won't be set by the U.S., seeks to reassure investment after Maduro capture
© CNBC Top News
CNBC Top News

Venezuela Reassures China on Oil After Maduro Capture

Following the US capture of President Maduro, Venezuela's ambassador assures China that oil prices will not be dictated by the U.S. and that investments are saf

  • ▸BEIJING – In a direct challenge to Washington's growing influence, Venezuela has publicly assured China that its vast oil reserves will not be subject to U.S. price controls and that Chinese investments remain secure. The critical message was delivered just weeks after the dramatic U.S. capture of President Nicolás Maduro, an event that has thrown the future of the nation's energy sector into turmoil.
  • ▸On Oil Pricing: "Venezuela will not heed the arrangements of the United States or other countries," Ceballos stated. "We have the right to make independent decisions, and oil prices will be determined based on international market prices." This directly refutes a Wall Street Journal report that President Trump was considering forcing prices for Venezuelan crude down to $50 per barrel.
•4 min read
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Trump says India won't buy Russian oil anymore. Moscow insists India hasn't said that
© CNBC Top News
CNBC Top News

Trump Claims India Will Halt Russian Oil; Moscow Denies

Donald Trump claims a trade deal will see India halt Russian oil imports. Moscow refutes the assertion, creating uncertainty as New Delhi remains silent.

  • ▸NEW DELHI/MOSCOW – A major U.S.-India trade deal, hailed by President Donald Trump as a breakthrough that would see New Delhi halt all Russian oil purchases, has been thrown into question by a firm rebuttal from Moscow and a conspicuous silence from India on the energy component of the agreement. The conflicting statements have created a cloud of uncertainty over a key aspect of global energy flows and highlight the delicate geopolitical balancing act India is performing between its Western and Russian partners.
  • ▸Explicit Commitments Unlikely: Evan A. Feigenbaum, vice president for studies at the Carnegie Endowment for International Peace, argued that an open declaration against Russian oil is improbable. "I have a hard time believing the government of India will make any Russian oil-related commitment explicit," he said in an analysis.
•5 min read
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Morning news brief
© NPR News
NPR News

US Shutdown Looms Amid Ukraine & Immigration Policy Fights

Lawmakers face a government shutdown over immigration policy, as Ukraine peace talks and 2024 election news create global economic and political uncertainty.

  • ▸Source: NPR News
  • ▸Byline: A Senior Financial Correspondent
•6 min read
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Epstein Files: Police Launch Investigation Into Mandelson
© BBC News
BBC News

Epstein Files: Police Investigate Lord Peter Mandelson

Police launch a criminal investigation into Lord Mandelson after new Epstein files emerge. He has resigned from the House of Lords amid national security fears.

  • ▸Government Action: A spokesperson confirmed that ministers are drafting emergency legislation to strip Lord Mandelson of his title. This is a rare and constitutionally significant action, typically reserved for cases of treason, and would set a modern precedent for how Parliament deals with misconduct by its members.
  • ▸Opposition Demands: The opposition is capitalizing on the moment to apply pressure, demanding the government release all papers related to Lord Mandelson's potential appointment as UK ambassador to the United States. This line of attack aims to uncover the extent of his influence and the vetting processes he was subject to.
•4 min read
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Finance

Banking and investment news

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Asian shares gained and gold and silver climb higher after a retreat on Wall St
© Yahoo Finance
Yahoo Finance

Asian Shares Gain, Gold & Silver Climb After Wall St Dip

Asian markets rise, diverging from a Wall St tech sell-off. Gold and silver prices surge as investors navigate global volatility and geopolitical tensions.

  • ▸HONG KONG – Asian markets demonstrated notable resilience on Wednesday, with most major indices posting gains in a stark divergence from a technology-led sell-off on Wall Street. The risk-off sentiment that plagued U.S. equities appeared to fuel a flight to safety elsewhere, as gold and silver prices surged, and oil advanced on renewed geopolitical tensions in the Middle East.
  • ▸South Korea's Kospi: The index was a standout performer, jumping 1.6% to close at 5,371.10. It has been setting new records on a near-daily basis, reflecting strong domestic sentiment. Tech giant Samsung Electronics contributed to the rise with a gain of nearly 1%, though chipmaking peer SK Hynix saw a slight 0.8% decline.
•4 min read
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Pinterest sacks workers for creating tool to track layoffs
© BBC Business (Finance)
BBC Business (Finance)

Pinterest Fires Staff for Making Layoff Tracking Tool

Pinterest terminated employees for creating an internal tool to track recent job cuts, highlighting tension as the company pivots to an AI-forward approach.

  • ▸FOR IMMEDIATE RELEASE
  • ▸Byline: A Senior Financial Correspondent
•5 min read
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Chris Mason: Mandelson revelations a scandal on another level
© BBC News
BBC News

Chris Mason: Mandelson revelations a scandal on another leve

A major scandal engulfs Lord Mandelson's US ambassador bid over undisclosed financial links to a sanctioned individual, raising national security questions.

  • ▸LONDON – A political firestorm has engulfed Downing Street following a torrent of revelations concerning Lord Peter Mandelson's appointment to the post of UK Ambassador to the United States. The controversy, centred on undisclosed financial links to a sanctioned foreign national, has triggered a frantic damage control operation from the government and raised profound questions about the integrity of the nation's vetting procedures for its most sensitive diplomatic posts.
  • ▸Undisclosed Consultancy Fees: Documents allegedly show a series of payments, totalling a seven-figure sum, made to a consulting firm linked to Lord Mandelson. These payments were for advisory services provided to the industrialist's holding company between 2019 and early 2022.
•4 min read
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Chris Mason: Mandelson revelations a scandal on another level
© BBC Politics
BBC Politics

Mandelson's China Links Spark UK National Security Scandal

A major scandal engulfs Lord Mandelson after leaked documents reveal financial ties to a Chinese-linked tech firm, derailing his appointment as UK ambassador to

  • ▸LONDON – Downing Street is in full crisis-management mode, battling to contain the explosive fallout from a national security and appointments scandal engulfing Lord Peter Mandelson. A proactive and aggressive communications strategy has been deployed to counter what sources inside No. 10 describe as a "scandal on another level," following revelations about the peer's aborted appointment as the UK's ambassador to Washington.
  • ▸Undisclosed Advisory Role: Leaked emails reportedly show Lord Mandelson held a paid advisory position with a subsidiary of InnovateAura from 2021 to late 2023, a role he allegedly failed to declare fully during the initial stages of the vetting process for the Washington post.
•5 min read
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Review & Preview: Another Software Slump
© Yahoo Finance
Yahoo Finance

Tech Selloff: Software Stocks Plunge Amid Growth Fears

A warning from a key software company triggered a major selloff, dragging down the Nasdaq. Learn why investor anxiety over valuations and spending is growing.

  • ▸NEW YORK – Wall Street’s fragile truce with the technology sector shattered on Tuesday as a fresh wave of selling pressure dragged down software stocks, sending a clear signal that investor anxiety over growth, valuation, and corporate spending remains acute. The tech-heavy Nasdaq Composite bore the brunt of the downturn, closing the session down 1.4%, while the broader S&P 500 shed 0.8%. The selloff, indiscriminate in its later stages, found its epicenter in the traditionally stable, high-margin world of legal and data services software, proving no niche is safe from the market's current risk-off mood.
  • ▸The Epicenter: IntelleLex (NASDAQ: ITLX) revised its full-year revenue forecast down to a range of $850-$875 million, a significant cut from its previous guidance of $980 million-$1 billion. The company’s CEO pointed to "macroeconomic headwinds impacting client budget approvals."
•5 min read
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