Investments and Business

The NBA All-Star Game is set to undergo another major transformation, as the league announced a new three-team mini-tournament format for this year's event in San Francisco. Featuring the league's top 24 players alongside the team that wins the Rising Stars Challenge, this format marks the third significant change to the All-Star format since 2020. The objective of the championship? To make the event more competitive or, at the very least, more entertaining for the fans watching from home. “I think we've reached a point where the modern All-Star Game is as much about entertainment as it is about competition,”…

The US Supreme Court has announced that it will hear arguments on January 10, 2025 on the constitutionality of a federal law that could ban TikTok in the US unless its Chinese parent company, ByteDance, sells the platform. The case raises significant questions about free speech and national security, with implications for TikTok's 170 million U.S. users and its content creators. The law, passed in April with bipartisan support and signed by President Joe Biden, set a Jan. 19 deadline for ByteDance to divest TikTok or face a nationwide ban. TikTok has argued that the law violates the First Amendment…

The U.S. auto market is poised for its strongest performance in years, with new vehicle sales expected to rise to levels not seen since 2019. Industry analysts expect a recovery in 2025, driven by improved affordability, lower interest rates and a gradual normalization of the vehicle market. stocks after years of supply chain disruptions and inflated prices. Cox Automotive expects new light-duty vehicle sales to reach 16.3 million units in 2025, slightly ahead of forecasts from S&P Global Mobility and Edmunds, which call for sales of about 16.2 million. These estimates represent a modest increase from this year's expected range…

A judge has ruled against President-elect Donald Trump's attempts to throw out his guilty plea in a case involving allegations of falsifying business records, a case linked to a controversial payout during his 2016 presidential campaign. The ruling comes in context of a recent U.S. Supreme Court decision on presidential immunity, raising questions about the case's broader implications. Judge Juan M. Merchan of Manhattan rejected Trump's bid to overturn his guilty plea, delaying any potential resolution until he takes over the presidency next month. Trump's legal team has argued that the charges should be reconsidered, citing his imminent return to…

Donald Trump, the president-elect of the United States, has announced two major diplomatic appointments ahead of his inauguration. In a statement shared on his Truth Social account, Trump revealed that Lou Rinaldi has been named the next US ambassador to Uruguay, while Leah Francis Campos has been selected to serve as chief of mission in the Dominican Republic. “I am thrilled to announce Lou Rinaldi as the next United States Ambassador to Uruguay,” Trump wrote. “Lou, a successful entrepreneur and lifelong friend, brings a wealth of experience and a unique perspective to this important role.” Trump highlighted Rinaldi's connection to…

For decades, María Amparo Carvajal in Bolivia and Juana Ruiz in Colombia have dedicated their lives to defending human rights and supporting survivors of violence and oppression. Their tireless efforts were recognized this week when the US State Department awarded them the prestigious Human Rights Defender Award. Carvajal, originally from Spain, has been a central figure in Bolivia's human rights movement since 1971, the year Hugo Banzer took power in a coup. Banzer's regime, which lasted until 1978, was characterized by widespread human rights violations, motivating Carvajal to take action. In 1976 he founded the Permanent Assembly for Human Rights…

US Defense Secretary Lloyd Austin expressed optimism about the growing collaboration between the United States, Japan and Australia as the three nations continue to strengthen their military capabilities. Speaking during a joint observation of the military exercises on Wednesday, Austin highlighted the importance of this enhanced cooperation in addressing growing tensions in the Indo-Pacific region. Austin's visit to Japan underlined Washington's commitment to its alliances in the region and its dedication to maintaining stability. Observing the Yama Sakura 87 exercises at Japan's Asaka camp, just outside Tokyo, Austin stressed the critical importance of readiness. “Having the right equipment, ammunition and…

In an effort to address expected challenges to U.S.-China relations under President-elect Donald Trump, Chinese Vice Premier He Lifeng recently met with several top U.S. financial executives. These meetings come as Beijing prepares for the possible imposition of tariffs on Chinese goods, a key part of Trump's campaign rhetoric. He Lifeng, one of China's four vice premiers and a leading figure in the country's economic and financial policy, has actively sought to establish connections with influential players in American financial circles. In the past month, he had talks with Larry Fink, chief executive of BlackRock, on December 5, and John…

Alaska Airlines is targeting significant growth, with a goal of increasing profits by $1 billion by 2027. The airline is banking on growing demand for premium travel and its recent acquisition of Hawaiian Airlines to achieve this ambitious goal. The $1.9 billion purchase of Hawaiian Airlines, finalized in September, opened up new opportunities for Alaska Airlines, granting it access to cross-Pacific routes and wide-body aircraft such as the Boeing 787 Dreamliner and Airbus A330. Although both Alaska and Hawaiian Airlines continue to operate as separate brands, the acquisition positioned Alaska for a major expansion of its international network. Starting in…

Just a week after Donald Trump secured victory in the US presidential election, Elon Musk hinted at his increasingly important role in shaping the political landscape. The billionaire businessman made headlines by suggesting that his political involvement would serve as “a significant obstacle in the primaries,” signaling his willingness to challenge Republican lawmakers who deviate from Trump's agenda. Musk's intentions became clearer shortly thereafter, when he took to X (formerly known as Twitter), the social media platform he owns, to respond to a suggestion that he might financially support challengers to Republican members of the Congress who opposed Trump's policies.…