Business news
- 'Witch hunt': Ex-EU commissioner Breton denounces U.S. visa ban targeting 'censorship' - The former EU commissioner and four anti-disinformation campaigners were the subject of U.S. travel sanctions.
- Oil giant BP to sell 65% stake in $10 billion Castrol unit - The oil giant is looking to divest $20 billion of its assets by the end of 2027.
- Sapporo Holdings to sell real estate business for $2.6 billion to KKR-led consortium: NHK - The move is because Sapporo wants to concentrate management resources on its core beer business.
- Waymo will update driverless fleet after San Francisco blackout to improve navigation during outages - Three days after blackouts in San Francisco brought down Waymo's service, the company said it's implementing changes for when "infrastructure fails."
- Asia markets trade mixed in thin Christmas Eve trading - Asia-Pacific markets traded mixed on Wednesday amid thinner trading as several indexes are set to close early in lieu of the Christmas Eve holiday.
- Motive, an Alphabet-backed fleet management software company, files for IPO - Motive says its products, including a dashboard camera for tracking truckers, have saved over 1,000 lives.
- Supreme Court rejects Trump's bid to send National Guard to Chicago - In an unsigned decision released on Tuesday, the court said Trump lacked the authority to federalize troops in Chicago.
- Gold and silver reach fresh highs for second day running — and could keep climbing - David Neuhauser, CIO at Livermore Partners, told CNBC's "Access Middle East" that gold has more room to run.
- Fed chair candidate Hassett says U.S. is way behind the curve on lowering rates - Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation.
- Citadel to return $5 billion in profit to investors, source says - The firm's flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said.