News

President Donald Trump knows who he’s going to select as the next Federal Reserve chair but isn’t saying yet.

The Euro (EUR) is trading flat to the US Dollar (USD) while outperforming most of the G10 currencies as it consolidates in a tight range around 1.16, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Platinum price has risen by more than 80% in the year that is coming to an end, putting it on track for its strongest annual gain since exchange trading began 38 years ago.

The White House is confirming that Pres. Trump has pardon former Honduran Pres. Juan Orlando Hernandez.Juan Orlando Hernández was pardoned by President Trump even though he had been convicted in U.S. federal court for helping traffickers move massive quantities of cocaine into the United States.

Prosecutors said he used Honduran police and military forces to protect drug shipments and took millions in cartel bribes, making his case one of the most significant narco-corruption prosecutions in recent years.

The pardon sparks controversy because critics argue it undermines U.S. anti-drug efforts, damages credibility in combating corruption, and appears tied to Trump’s political interests in Honduras. Supporters claim the conviction relied too heavily on cooperating witnesses, but the scale of the evidence has made the pardon a highly debated and consequential decision.

President Trump will hold a cabinet meeting today, Tuesday, December 2, 2025.

• Time: The meeting is scheduled to begin at 11:30 AM ET (which is 9:30 AM in your local Mountain Standard Time).

• Context: Reports indicate this is his ninth cabinet meeting since returning to the White House.

Following the meeting, he is also expected to make an announcement regarding a new “Trump Accounts” savings initiative.

“Trump Accounts” are government-backed investment accounts for children created under the 2025 One Big Beautiful Bill Act. Each eligible child receives a $1,000 starter contribution, and parents, guardians, or employers can add up to $5,000 per year until the child turns 18. The money must be invested in broad U.S. stock-market funds and grows tax-deferred, giving children a financial head start for adulthood. Supporters say the program helps build long-term wealth, while critics argue it may benefit higher-income families more because contributions are voluntary.

This article was written by Greg Michalowski at investinglive.com.

Tesla CEO raises concerns over Trump’s tariff policy and says he does not support closing of the H-1B visa program.

Zafran Security, a startup created by a former cyber spy whose story helped inspire the Apple TV series “Tehran,” has raised $60 million, the company told CNBC.

A good supply of new multifamily units is coming online at a time of much weaker demand.

United States Redbook Index (YoY) climbed from previous 5.9% to 7.6% in November 28