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Japan Core Machinery Orders Rise, Signalling Capital Expenditure Recovery

Japan's core machinery orders rose 3.4% in November, indicating a recovery in capital expenditure ahead of a central bank interest rate review.

Oil Prices to Fall in 2025, Handing Trump Early Economic Win

Oil prices are set to fall in 2025, providing a potential early economic win for President-elect Donald Trump. US production is near peak levels, OPEC+ has spare capacity, and slowing demand growth from China is expected to keep a lid on prices. Bank of America analysts predict Brent will fall to $73 per barrel in 2025, while JPMorgan analysts see it tumbling to $65 per barrel. Gasoline prices are also expected to trend lower, with the Energy Information Administration forecasting that drivers will pay an average of $3.20 per gallon in 2025.

Elon Musk's Newest Toy: Streamlining the Government

Elon Musk leads a new government commission to improve efficiency, with the goal of cutting at least $1 trillion in annual spending through deregulation, agency streamlining, and cost-cutting.

FTC approves Chevron's purchase of Hess, but Exxon Mobil challenge remains

Chevron's $53 Billion Hess Takeover Approved by FTC with Conditions, Exxon Challenge Remains

GM Faces NHTSA Probe Over Potential Engine Failure in 877,000 SUVs and Trucks

GM faces investigation over engine failure in 877,710 SUVs and trucks, potentially leading to a large recall.