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The Justice Department has 5.2 million pages of documents related to Jeffrey Epstein in its possession, and the investigation will take several more weeks to complete, multiple news outlets have reported.The New York Times first reported it late Tuesday, citing people familiar with the matter.It will take until at least January 20 to complete the review of the vast number of files, the Times reported. A review process for the remaining records will take place from January 5th to January 23rd, according to a government document reported by Reuters on Wednesday morning.The updated schedule is likely to invite further criticism…

The unemployment rate in November was the highest since 2021, largely due to federal workforce cuts under the Trump administration.Published December 31, 2025December 31, 2025Click here to share on social mediaShare 2shareThe number of U.S. residents applying for unemployment benefits over the past week has fallen to the lowest level in a month, according to new figures from the Labor Department.Wednesday’s weekly figures come at the end of a year marked by a weak labor market, a phenomenon that analysts partly blame on hiring hesitancy caused by President Donald Trump’s tariff policies.Recommended stories list of 3 itemsend of listExperts also…

Concerns about how AI will impact workers continue to grow at a pace that keeps pace with advances and new products that promise automation and efficiency. The evidence suggests the fear is justified. An MIT study in November found that an estimated 11.7% of jobs could already be automated using AI. Research shows that employers are already eliminating entry-level jobs because of technology. Companies are already citing AI as a reason to cut staff. As companies implement AI more meaningfully, some may take a closer look at how many employees they actually need. In a recent TechCrunch survey, multiple corporate…

Mark Zandi, chief economist at Moody’s Analytics, said a weak labor market, uncertainty over inflation and political pressure will lead the Federal Reserve to cut rates aggressively in early 2026.Although markets and Fed officials themselves expect only modest easing over the next year, Zandi expects the central bank to cut rates by a quarter of a percentage point three times by mid-year.”The decision to further ease monetary policy will be driven by the continued weakness in the jobs market, particularly in the first half of 2026,” the economist said in his recently published outlook for the year ahead. “It will…

Traders work on the floor of the New York Stock Exchange (NYSE) on December 30, 2025 in New York City. Spencer Pratt | Getty ImagesUS 10 year treasury Yields rose slightly on Wednesday, but were expected to decline in 2025 due to Federal Reserve interest rate cuts and persistent but declining inflation.The 10-year Treasury yield rose less than 1 basis point to 4.136%. The two-year bond yield also last rose by less than 1 basis point to 3.459%. Yields and prices move in opposite directions. 1 basis point equals 0.01%. Yields reversed and rose after 199,000 new jobless claims were…

U.S. residents will experience significant changes to the country’s tax laws, health care system, and government benefits beginning in 2026.That’s because certain provisions of President Donald Trump’s flagship tax and spending policies are scheduled to go into effect on Thursday.Recommended stories list of 3 itemsend of listThe bill, known as the One Big Beautiful Bill Act (OBBBA), was signed into law in July amid bipartisan opposition.Fiscal conservatives fear it will further increase the nation’s budget deficit, while critics on the left have warned that the changes the policy heralds will leave millions of Americans without health insurance or food assistance.Notably,…

AP — At least three people were killed and dozens injured in clashes between demonstrators from the Alawite religious minority and counter-protesters on the Syrian coast on Sunday, health authorities said. The clashes came two days after a bomb exploded during prayers at an Alawite mosque in Homs, killing eight people and injuring 18 others. Thousands of protesters gathered in places such as Latakia and the coastal cities of Tartus. Officials said preliminary investigations indicate an explosive device was planted inside a mosque in Homs, but authorities have not yet named a suspect in Friday’s bombing. The funeral of the…

Emma Laducanu will make her return to competitive tennis at the United Cup, playing alongside Billy Harris for Great Britain in Australia.Raducanu ended the 2025 season in October after falling ill in China, missing the final two tournaments of the calendar year in Tokyo and Hong Kong. The United Cup, which will be held in Perth and Sydney, will be broadcast live on Sky Sports from Friday 2nd January to Sunday 11th January. image: Raducanu ended his 2025 season in early October due to illness. The 18 participating countries will be divided into six groups of three and will play…

A Bulgarian grape harvester works in the vineyards of Château de Meursault in Meursault, central-eastern France, on August 26, 2025. (Photo by ARNAUD FINISTRE/AFP) (Photo by ARNAUD FINISTRE/AFP via Getty Images) Arnaud Finistre | AFP | Getty ImagesIt’s no surprise that champagne sales peak around Christmas and New Year, with French fizz becoming the drink of choice in many households during the festive season.Every year, around 120,000 seasonal workers come to France to work and harvest grapes from 34,000 hectares of vineyards. Harvest lasts only a few weeks, making this a very busy time for the sector.However, recent reports have…

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Have a nice Wednesday and New Year’s Eve. I have decided that there are three main groups of holiday observers this year. People who go to parties or people who stay home and watch the ball drop in Times Square. People doing late night training classes and races. and those who are about to go AMC Watch the “Stranger Things” finale.This newsletter typically covers five things you need to know before the market opens. That list will now include Federal Reserve minutes showing a contentious December…