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US markets stabilized midday as tech stocks rebounded on favorable court rulings for Alphabet and Apple. The S&P 500 edged up 0.3% while the Dow fell 0.37%, dragged by declines in energy firms. Cooling labor data increased speculation about Fed rate cuts. Meanwhile, global bond selloff pressures persisted with 30-year Treasuries near 5% yields.
ConocoPhillips announces major workforce cuts amid plunging oil prices, signaling ongoing challenges in the energy sector.
25% – ConocoPhillips workforce cut announced amid sector downturn.
US military intensifies operations targeting drug trafficking in the Caribbean, including striking Venezuelan vessels.
Federal courts block Trump’s attempts to deport Venezuelans under outdated wartime laws, signaling legal challenges to administration policies.
Anthropic Raises $13 Billion, Valuation Soars to $183 Billion
Anthropic secured a massive $13 billion funding round, nearly tripling its valuation to $183 billion, underscoring strong investor confidence in AI growth potential.
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US Federal Reserve officials signal likelihood of rate cuts beginning this month, reflecting shifting monetary policy amid cooling labor market.
Google avoids breakup in landmark antitrust ruling, but faces significant restrictions on exclusive search deals and data sharing obligations.
ConocoPhillips Stock Plummets as Workforce Cuts Loom
Shares of ConocoPhillips tumble following announcement of up to 25% workforce reduction amid challenging oil market conditions.
More on zerohedge.com
Trump administration appeals court rulings on tariff legality, aiming for Supreme Court review to uphold protectionist trade policies.
Macy’s reports first same-store sales growth since 2022 amid intensified focus on fresh products and improved customer experience.
Federal Trade Commission fines Disney $10 million over children’s data privacy violations on YouTube.
Newsmax files antitrust lawsuit against Fox News alleging monopolistic suppression of conservative competitors.
US military command headquarters relocation underway, transferring Space Command HQ from Colorado to Alabama.
“We cannot deter China in this state of industrial atrophy.”
— Rep. Riley Moore, R-W.Va.
Anthropic secures massive $13 billion funding round, pushing valuation to $183 billion amid AI sector boom.
House Oversight Committee releases over 33,000 pages of Jeffrey Epstein case files increasing congressional scrutiny.
Tesla continues to face significant sales declines in Europe and India, pressing challenges for the automaker’s global growth.
Fentanyl crisis prompts US legislative moves to hold China accountable as overdose deaths fuel government action.
US labor market shows signs of cooling with job openings dipping to pandemic lows, fueling economic uncertainty.
Disney to pay $10 million fine settling FTC allegations of illegal collection of children’s personal data on YouTube.
AI integration leads Salesforce to cut 4,000 customer support roles, emphasizing shift toward automation in enterprise software.
Ryanair cuts over one million winter seats in Spain citing excessive airport fees, sparking industry tensions.
West Virginia lawmaker calls for industrial revival as key to credible deterrence against China’s military threats.
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