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U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards

Wall Street is pointing slightly lower ahead of another U.S. inflation report and an expected interest rate cut by the European Central Bank

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago

Chinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures

The Australian government says it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations

quick commerce platform Blinkit has launched a standalone app Bistro, marking its foray into the 10-minute food delivery space. The service has been rolled out in a few localities of Gurugram. According to the description on Google's app store, the new platform will offer snacks, meals, desserts and beverages, which will be delivered in 10 minutes. The development comes at a time when food delivery and quick commerce platforms are extending the ultra-fast delivery model to food. In 2022, Zomato, through its primary offering, had experimented with 10-minute delivery of food in Gurugram but later discontinued the pilot programme. It later launched Zomato Everyday which offers meals prepared by home cooks from centralised kitchens in relatively shorter timeframes.

draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), through which it is looking to raise Rs 1,000 crore in fresh capital. The IPO also includes an offer-for-sale (OFS) component through which investors such as Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal are looking to divest a total of 24 million shares. ET was the first to report on December 6 about Bluestone’s board approving the company’s plan to go public and raise Rs 1,000 crore through the process.

Kimberly Guilfoyle looked the other way while Don Trump Jr. started dating Bettina Anderson about 6 months ago. Don Jr. started introducing Anderson as his girlfriend months ago and is smitten with her. Regarding Donald Trump Jr.'s alleged affair with Palm Beach socialite Bettina Anderson, new information has surfaced. Don Jr. has been dating Bettina for about six months, but he has not yet disclosed the status of his engagement to Kimberly Guilfoyle, his long-time fiancée. President-elect Donald Trump's 46-year-old son, Donald Jr., allegedly even took her on a trip to Alaska and introduced her around as his girlfriend when he was still very much of a boy, as quoted in a report by People.

AI companies, once Reddit's biggest frustrations, now are a key source of growth for the social-media platform. These companies have an insatiable appetite for online data to train their models and display content in easy-to-digest format, reports The Wall Street Journal. ALSO READ:Inside Boeing's struggle to make its best-selling plane again

Gold prices edged down on Thursday, but held near a five-week peak, as risk appetite increased ahead of a European Central Bank monetary policy decision and investors awaited U.S. PPI data for signals on the Federal Reserve's interest rate outlook, Reuters reported. Spot gold fell 0.3 per cent to $2,709.89 per ounce as of 1210 (GMT). US gold futures fell 0.5 per cent to $2,742.50. Earlier in the session, bullion hit its highest since November 6, supported by bets that the Fed will cut interest rates again next week after Wednesday's consumer prices data, as per a report on Reuters. The report showed a 0.3 per cent rise, the largest gain since April after advancing 0.2 per cent for four straight months.

Trump's children's US citizenship would most likely not be impacted by his birthright proposal. As part of his strict measures to reduce illegal immigration, President-elect Donald Trump has suggested abolishing birthright citizenship. Nevertheless, it is untrue to say that his children with immigrants Ivana and Melania Trump would not be granted citizenship under this proposed amendment; all of them were born in the US, and even if they hadn't, their father would have granted them citizenship, as quoted in a report by AFP. On December 8, 2024, an X post with tens of thousands of interactions states, Trump’s plan to end birthright citizenship would mean 4 of his children wouldn’t be considered US citizens.

Power distribution utilities (discoms) legacy dues have come down by a whopping 82 per cent in over two years to Rs 24,684 crore this month, Parliament was informed on Thursday. Around 13 states reported arrears amounting to Rs 1,39,947 crore as of June 3, 2022, and rescheduled them into EMIs (equated monthly installments), Minister of State for Power Shripad Naik said in a written reply to Rajya Sabha. The minister said after the payment of 29 EMIs by the distribution utilities, including pre-payment of legacy dues by some utilities, the outstanding dues have reduced to Rs 24,684 crore as of December 6, 2024. The discoms have paid Rs 1,15,263 crore outstanding since June 2022, he added.

The Insurance Broking Association of India recently published a report on general insurance claims, which includes a simple comparison of various insurers’ claims performance across a range of metrics. The data is also broken down by line of business – health, motor, fire, etc. 

One Nation, One Election" bill, a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.

Prince William and Kate Middleton are preparing to become King and Queen, according to royal biographer Sally Bedell Smith. This preparation has intensified due to King Charles' health challenges. Kate Middleton recently hosted her fourth annual «Together at Christmas» service at Westminster Abbey on December 6. This marked a significant return to public life following a period of chemotherapy treatment, which concluded in September. Her husband, Prince William, and their three children, Prince George, Princess Charlotte, and Prince Louis, also attended the service. During Kate's treatment, Prince William reduced his official duties to support his family. King Charles also scaled back his commitments due to his own cancer diagnosis. This led Prince William to represent the royal family at several events, including the reopening of Notre Dame Cathedral in Paris. King Charles has since announced he is cancer-free.

Bombay High Court has held that not letting a child meet her mother amounts to 'cruelty' under the Indian Penal Code, and refused to quash a First Information Report registered against the in-laws of a Jalna-based woman. A bench of Justices Vibha Kankanwadi and Rohit Joshi at Aurangabad noted in its order of December 11 that the woman's daughter, only four years old, is being kept away from her despite a lower court's order. «Keeping a young child of four years away from her mother also amounts to mental harassment, amounting to cruelty in as much as it would certainly cause grave injury to the mental health of the mother,» the HC said. Such behaviour by in-laws amounts to 'cruelty' as defined under section 498-A of the IPC, the court added. «The mental harassment is continuing from day to day till date. It is a continuing wrong,» the bench observed. It would not quash the FIR as this was not a fit case for the court to interfere, it added. The woman's father-in-law, mother-in-law and sister-in-law had sought quashing of the 2022 FIR registered against them in Jalna district of Maharashtra for alleged cruelty, harassment and criminal intimidation.

PI Industries Ltd. 1.46 per cent to Rs 4043.70 in Thursday's trade as of 02:08PM (IST) even as the benchmark Nifty ruled at 24556.65, 85.15 points. The scrip had closed at Rs 4104.00 in the previous session. The stock quoted a 52-week low of Rs 3060.00 and a high of Rs 4801.40. The company quoted a market-cap of Rs 61231.92 crore on the BSE.

ANI. The Ministry of Labour & Employment is upgrading its IT systems for enhanced services to India's workforce, Dawra said.

Nikkei share average finished at a two-month closing high on Thursday, tracking Wall Street's strength, after an in-line U.S. inflation report boosted expectations of a Federal Reserve interest rate cut next week. The Nikkei climbed 1.21% in fourth straight session of gains to 39,849.14, its highest close since Oct. 15. The index crossed 40,000 for the first time since that day.

Kotak Institutional Equities expects FirstCry operator BrainBees Solutions to benefit from GlobalBees turning profitable and has initiated coverage on the stock with an ‘add’ rating and a target price of Rs 630. GlobalBees is a subsidiary of BrainBees, which is expected to scale up rapidly and support growth for its parent company.

Jensen Huang, Chris Malachowsky and Curtis Priem — gathered at the diner, now the heart of Silicon Valley, to discuss building a computer chip that would make graphics for video games faster and more realistic. That conversation, and the ones that followed, led to the founding of Nvidia, the tech company that soared through the ranks of the stock market to briefly top Microsoft as the most valuable company in the S&P 500 this year. Nvidia has a market cap or net worth of $3.41 trillion as of December 11, 2024, now worth as much as Apple and Microsoft. The poster child of the artificial intelligence boom, Nvidia, whose hardware is now found in all Tesla vehicles, may bring the next industrial revolution in the tech world. It is successful than anybody could have ever imagined because of its charismatic leader. ALSO READ: What is Willow? Google's quantum computing chip explained in 10 points