Wharton's Jeremy Siegel says stock sell-off is 'healthy' as cautious Fed gives investors a 'reality check'

The Bank of England decided to keep interest rates unchanged at its last meeting of the year, citing concerns about stubborn services inflation and wage growth, despite U.K. inflation reaching an eight-month high. While three members of the Monetary Policy Committee voted to reduce rates, six opted for a hold, surprising economists who had predicted only one member to vote for a cut. Sterling initially rose against the U.S. dollar following the announcement, but later...

out of the summary. Four days after a powerful cyclone struck Mayotte, survivors in the French territory recalled the devastation as French military personnel worked to clear debris ahead of President Macron's visit. The storm left at least 31 dead, with fears of a higher toll due to hasty burials and poor conditions. Aid efforts were underway, with concerns of disease outbreaks and a state of extraordinary natural disaster declared to expedite assistance and reconstruction....

Before the fall of the Assad regime in Syria, a luxury villa outside Damascus was used as a factory to produce the highly addictive drug Captagon. The regime trafficked the drug to countries in the region, earning billions of dollars to prop up the collapsing economy during the civil war. Captagon, originally created as a legal pharmaceutical, became a popular illicit party drug known for its energy-boosting effects. The evidence of this extensive drug operation...

The UK's youngest knife murderers, two 13-year-old boys known as BGI and CMB, had their minimum life sentence terms increased to 10 years for fatally stabbing 19-year-old Shawn Seesahai with a machete in Wolverhampton. The Court of Appeal ruled that the initial eight-and-a-half-year terms were unduly lenient, making them the youngest defendants convicted of murder since the James Bulger case. The boys were found guilty of murder, with one admitting to buying the murder weapon...

Nick Wright discusses the racism overshadowing a groundbreaking WNBA season, with Caitlin Clark's comments on White privilege sparking backlash. WNBA legends Sue Bird and Megan Rapinoe address the issue, highlighting the importance of elevating Black women in the league. Bird questions whether the outrage would be the same if Clark were Black, emphasizing the need to acknowledge racial disparities in sports and society. Full Article

Richard Tice, deputy leader of Reform UK, has been shown to have changed his stance on foreign involvement in British politics, welcoming the possibility of Elon Musk donating up to $100 million to the party. In the past, Tice criticized Hungarian-American billionaire George Soros for funding anti-Brexit campaigns, questioning his right to interfere in UK democracy. Tice, along with party leader Nigel Farage and treasurer Nick Candy, met with Musk to discuss potential financial support,...