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States Suing Over Trump's $100,000 H-1B Visa Fee

A group of states are suing the Trump administration over its $100,000 application fee for a new H-1B visa.

A group of states are suing the Trump administration over its $100,000 application fee for a new H-1B visa. It lets skilled foreign workers into the US. The suit says the fee creates a costly and illegal barrier for employers. The White House calls the fee lawful and necessary. Jeanne Sheehan Zaino and Rick Davis discuss on "Balance of Power." (Source: Bloomberg)
Bloomberg Politics • Dec 12, 7:42 PM
RUMOR

Price predictions 12/12: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, LINK

Bitcoin and several major altcoins have turned down from their respective overhead resistance levels, indicating that the bears are still very active at the range highs.

Bitcoin and several major altcoins have turned down from their respective overhead resistance levels, indicating that the bears are still very active at the range highs.
Cointelegraph - Altcoin News • Dec 12, 7:26 PM
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Illegal Miners Are Digging Gold at a $4.8 Billion Newmont Site in Peru

A multi-billion-dollar gold project owned by the world’s biggest bullion producer has been invaded by illegal diggers in northern Peru, according to a top government official.

A multi-billion-dollar gold project owned by the world’s biggest bullion producer has been invaded by illegal diggers in northern Peru, according to a top government official.
Bloomberg Markets • Dec 12, 7:19 PM
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China Plans Tougher Regulations Amid Carmaker Price War

As US car prices rise, China is facing the opposite problem.

As US car prices rise, China is facing the opposite problem. China's market regulator has issued new draft guidelines aimed at stopping automakers from pricing vehicles too cheaply and curbing cutthroat competition. Bloomberg's Auto Reporter Keith Naughton discussed the story on "Bloomberg Markets" with Matt Miller. (Source: Bloomberg)
Bloomberg Markets • Dec 12, 7:18 PM
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Trump Expected to Label Pot a Less Dangerous Drug

President Donald Trump is expected have his administration move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter.

President Donald Trump is expected have his administration move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter. This has been good news for pot stocks. Nathan Dean of Bloomberg Intelligence has more. (Source: Bloomberg)
Bloomberg Politics • Dec 12, 7:16 PM
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Treasury to Scrutinize Cash for Somalia as Trump Slams Nation

Treasury Secretary Scott Bessent said his department will enhance scrutiny of funds heading to Somalia outside of the traditional banking system, potentially stepping up pressure on a nation President Donald Trump has regularly disparaged.

Treasury Secretary Scott Bessent said his department will enhance scrutiny of funds heading to Somalia outside of the traditional banking system, potentially stepping up pressure on a nation President Donald Trump has regularly disparaged.
Bloomberg Politics • Dec 12, 7:12 PM
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Treasury to Scrutinize Somalia Money as Trump Slams Nation

Treasury Secretary Scott Bessent said his department will enhance scrutiny of funds heading to Somalia outside of the traditional banking system, potentially stepping up pressure on a nation President Donald Trump has regularly disparaged.

Treasury Secretary Scott Bessent said his department will enhance scrutiny of funds heading to Somalia outside of the traditional banking system, potentially stepping up pressure on a nation President Donald Trump has regularly disparaged.
Bloomberg Politics • Dec 12, 7:12 PM
REG

Five Crypto Firms Get Coveted US Bank-Charter Nod

Five cryptocurrency firms received preliminary approval to perform certain banking functions from a US regulator on Friday, marking the latest step in the White House‘s embrace of what was once viewed as a risky, fringe industry.

Five cryptocurrency firms received preliminary approval to perform certain banking functions from a US regulator on Friday, marking the latest step in the White House‘s embrace of what was once viewed as a risky, fringe industry. The Office of the Comptroller of the Currency offered conditional approval for national trust bank charters that Circle Internet Group Inc., Ripple, BitGo Inc., Fidelity’s digital assets arm and Paxos had requested, according to a press release. Nathan McCauley,...
Bloomberg Politics • Dec 12, 7:09 PM
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Trump Is Willing to Help With Ukraine's Security

President Donald Trump says he's willing to help with Ukraine's security if there's a deal to end the war with Russia.

President Donald Trump says he's willing to help with Ukraine's security if there's a deal to end the war with Russia. “Yeah, we would help,” Trump told reporters Thursday in the Oval Office. “We would help with security, because it’s, I think, a necessary factor in getting it done.” Oliver Crook has the latest. (Source: Bloomberg)
Bloomberg Markets • Dec 12, 7:02 PM
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Budgets are tight — but Gen Z and millennial shoppers can’t stop buying perfume

Sales of beauty products have grown faster in recent months than earlier in the year and are expected to shine during the holiday quarter.

Sales of beauty products have grown faster in recent months than earlier in the year and are expected to shine during the holiday quarter. And among these classic last-minute gifts and stocking stuffers, sales of fragrances are growing most of all.
MarketWatch - Top Stories • Dec 12, 7:02 PM
RUMOR

Bitcoin swings above $94K as crypto faces ‘Netscape’ moment: Finance Redefined

Bitcoin briefly topped $94,000 following Strategy’s largest investment since July, but investor risk appetite remained muted even after the widely expected US interest rate cut.

Bitcoin briefly topped $94,000 following Strategy’s largest investment since July, but investor risk appetite remained muted even after the widely expected US interest rate cut.
Cointelegraph - Altcoin News • Dec 12, 7:00 PM
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You’ve just won the $1 billion Powerball jackpot. Here are the 5 money moves you need to make next.

But even if you’re not a big lottery winner in Saturday’s Powerball drawing, it’s still worth heeding this advice for managing a significant sum of money.

But even if you’re not a big lottery winner in Saturday’s Powerball drawing, it’s still worth heeding this advice for managing a significant sum of money
MarketWatch - Top Stories • Dec 12, 6:34 PM
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White House AI Czar Defends Trump Push to Rein in State Rules

White House AI czar David Sacks defended President Donald Trump’s push to rein in state-level regulation of artificial intelligence over objections from Democrats, saying the move seeks to ease a growing compliance burden for companies.

White House AI czar David Sacks defended President Donald Trump’s push to rein in state-level regulation of artificial intelligence over objections from Democrats, saying the move seeks to ease a growing compliance burden for companies.
Bloomberg Politics • Dec 12, 6:32 PM
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The Fed Is Trying Something It’s Never Done Before

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it's contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
Bloomberg Markets • Dec 12, 6:24 PM