Today
‘Ridiculous amounts of money’: Bezos gets serious in Musk space race
Jeff Bezos and Amazon are set to launch a massive rocket and a set of satellites that could take on SpaceX’s dominance.
- 7 mins ago
- Karen Weise
This Month
Bill Clinton admitted to hospital after developing a fever
The former US president is in “good spirits” after being admitted to hospital in Washington DC.
- Justin Sink
ASX to edge higher as US big tech rallies
Wall Street slid briefly before recovering after data showed US consumer confidence unexpectedly sank for the first time in three months.
- Rita Nazareth
Mangione pleads not guilty to murder of UnitedHealthcare CEO
An attorney told the court that officials, including New York Mayor Eric Adams, had turned the accused into a political pawn, depriving him of a fair trial.
- Michael Sisak and Jake Offenhartz
Biden commutes sentences for 37 out of 40 inmates on federal death row
The move will frustrate Donald Trump’s plan to expand executions. Unlike executive orders, clemency decisions cannot be reversed by a president’s successor.
- Nandita Bose
Trump threatens to take back Panama Canal
The president-elect argued that ships were charged “ridiculous” fees to pass through the vital transportation channel linking the Atlantic and Pacific Oceans.
- Bill Barrow and Will Weissert
US shoots down its own F/A-18 over Red Sea
The American military’s Central Command said that the two pilots had been safely recovered after they ejected from their fighter jet.
- Yan Zhuang and Matthew Mpoke Bigg
Trump hints at change of heart on TikTok ban
The role of the popular social media app in last month’s election victory may have convinced the president-elect to give parent company ByteDance a reprieve.
- Gram Slattery
Republican revolt shows limits of Trump’s power
The rebellion over the funding bill cast doubt on whether the US president-elect will be able to fulfil his election campaign promises.
- Benedict Smith
- Opinion
- Inside China
China’s staggering manufacturing muscle needs to be seen to be believed
Since Trump was last in office, Beijing has doubled down on its efforts to gain global supremacy in electric cars, robots and rare materials. America could be toast if it doesn’t respond.
- Thomas Friedman
US funding bill passes hours before government shutdown
Hours before a midnight US government shutdown, the House approved a new plan that would temporarily fund federal operations.
- Lisa Mascaro, Farnoush Amiri and Matt Brown
Wall Street leaps, cutting losses after a dismal week
US stocks rallied on Friday to more than halve their losses in what had been one of their worst weeks of the year.
- Stan Choe
- Updated
- Trump's White House
‘President Musk’ draws first blood as government shutdown looms
The billionaire led the charge to kill a bipartisan deal to avert a freeze on federal funding, leaving Congress with just 24 to avert a government shutdown.
- Michael D. Shear and Ryan Mac
How long will Donald Trump’s dream run last?
The president-elect returns to Washington with a huge stock of political capital and a big to-do list.
- Matthew Cranston
- Analysis
- Trump's White House
Autocrats rise as Trump scorches the land of the free
Strongman leaders have lit a bonfire of the orthodoxies: the role of the state, neoliberalism, globalisation and the international “rules-based” order.
- James Curran
Mangione could face death penalty in fresh charges
The suspect in the killing of UnitedHealthcare’s CEO was whisked to New York by plane and helicopter to face new federal charges of murder and stalking.
- Nicholas Bogel-Burroughs
- Opinion
- Government debt
I’m the guy Barron’s called the Bond King. Here’s why US debt is a problem
There is the real possibility of a quasi-default by the Treasury and few are likely to be spared from the resulting upheaval.
- Jeffrey Gundlach
Trump torpedoes funding bill, triggering government shutdown fears
The president-elect has intervened in a bipartisan deal to continue government funding for programs, raising the odds of a federal shutdown before the holidays.
- Lisa Mascaro and Kevin Freking
‘What choice do they have?’: US CEOs bend the knee to Trump
From Hollywood to Silicon Valley and Wall Street, senior executives have been bending over backwards to meet Donald Trump since he won the election.
- James Politi and James Fontanella-Khan
- Opinion
- Trump's America
Why Musk has hit payday even before Trump takes office
The Tesla chief executive and other super-wealthy entrepreneurs could benefit from deregulation with the new president, but some are already reaping rewards.
- Edward Luce
Mangione charged with terrorism act over UnitedHealthcare CEO shooting
The district attorney said Brian Thompson’s death on a midtown Manhattan street “was a killing that was intended to evoke terror. And we’ve seen that reaction”.
- Jake Offenhartz and Jennifer Peltz
The transformation of Tulsi Gabbard, Trump’s intelligence tsar pick
The once rising-star of the Democratic party is now a MAGA champion with unorthodox views on Russia’s invasion of Ukraine and ousted Syrian ruler Bashar al-Assad.
- Amy Mackinnon
US November retail sales rev higher on new motor vehicles
Retail sales jumped 0.7 per cent last month, more than expected, and October’s sales were revised higher, consistent with the economy’s underlying momentum.
- Lucia Mutikani
‘Libel warfare’: ABC payout to Trump sends chill across US media
There are now fears that Trump, who has threatened libel lawsuits against news media for decades, could use presidential power to muzzle the press.
- Anna Nicolaou, Christopher Grimes and James Politi
US backs Oz firm’s graphite factory to loosen China’s EV grip
The energy department has offered Novonix a $1.2 billion loan to underwrite construction of the first large-scale synthetic graphite facility in North America when complete.
- Nic Fildes and Harry Dempsey