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Piotr Swat | Lightrocket | Getty ImagesKorea Zinc shares nosedived on Tuesday, as its largest shareholder is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of its equity stake in the South Korean company. Shares of the world’s largest zinc smelting company had climbed over 26% on Monday, before paring gains to 5%, as it announced a $7.4 billion mineral smelter project in Tennessee. The stock ended Tuesday down 13.94%. The company’s largest shareholder alliance is opposing the move and would seek a court injunction to stop the company from issuing new shares. The…

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 15, 2025. Brendan McDermid | Reuters U.S. stocks of late have been shaky as investors turn away from artificial intelligence shares, especially those related to AI infrastructure, such as Oracle, Broadcom and CoreWeave. The worry is that those companies are running into high levels of debt to finance their multibillion-dollar deals.Oracle, for instance, said Wednesday it would need to raise capital expenditure by an additional $15 billion for its current fiscal year and increase its lease commitments for data centers. The company is…

MANCHESTER, England — The half of the Manchester United team that was strengthened in the summer played well against AFC Bournemouth. The other half — the one the club hope to put right next summer — didn’t.The result was a chaotic 4-4 draw at Old Trafford, which showcased everything Ruben Amorim’s side are good at, but also highlighted all the work that still needs to be done. United made a conscious effort to remedy their chronic lack of goals last season by buying some.But with most of the budget spent on attacking players, it meant that the defensive part of…

Kobbie Mainoo’s brother was pictured wearing a T-shirt which read “Free Kobbie Mainoo” as Manchester United drew 4-4 with Bournemouth in a chaotic game at Old Trafford on Monday.Mainoo has struggled for game-time under head coach Ruben Amorim this season and has been linked with a move away from the club in January.Editor’s Picks2 RelatedThe England midfielder was introduced off the bench to loud cheers from the home fans in the second half against Bournemouth.Amorim watched his team lead three times before having to settle for a point.Only two late saves from Senne Lammens prevented Bournemouth from finding a late…

President Donald Trump filed a defamation lawsuit against the BBC in Miami federal court on Monday night, seeking $10 billion in damages.The civil complaint accuses the British Broadcasting Corporation of producing a “false, defamatory, deceptive, disparaging, inflammatory, and malicious depiction of President Trump” in a Panorama documentary aired one week before the 2024 election.Trump’s suit alleges the documentary was produced as part of “a brazen attempt to interfere in and influence the Election’s outcome to President Trump’s detriment.”The suit notes that the documentary, titled “Trump: A Second Chance,” was edited to make it appear that during his Jan. 6, 2021,…

Dec 15, 2025, 07:05 PM ETUnited States midfielder Tyler Adams has possible medial collateral ligament damage after limping out of Bournemouth’s 4-4 draw with Manchester United in the Premier League on Monday.In the second minute of the match at Old Trafford, Adams was injured while challenging Matheus Cunha. He came off after treatment on the pitch.Editor’s Picks1 Related”He’s the worst news from the game, definitely,” Bournemouth coach Andoni Iraola said. “The knee twisted, I think the MCL. We’ll have to check and see if it is a small sprain or bigger.”To lose a player like Tyler for us is massive,…

In a Monday interview with CNB’s Jim Cramer, Affirm CEO Max Levchin reviewed his company’s strategy, suggesting the buy now, pay later outfit benefits from not charging its customers late fees.”We have total alignment with our consumers. If they don’t pay us back, we just lose money,” Levchin said. “There’s no magic in the business model, and that transparency aligns us fully with that person.”According to Levchin, late fees aren’t necessary “if you get really good at underwriting.” He advocated for more clarity and transparency across the lending space. He said he wishes the industry would gravitate towards simple interest,…

CNBC’s Jim Cramer reviewed recent market action and made the case for Procter & Gamble. He drew a distinction between companies like the consumer giant, which makes use of new technology, and tech hyperscalers that spend billions on artificial intelligence to compete with each other.”My favorite tech stocks right now are the business-to-business users of technology,” he said. “I think these companies will increasingly be given a chance to buy amazing tech that will help them cut costs and bring new products to market much faster than ever, and that we never even knew we needed.”Procter & Gamble owns many…

Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.Mongkol Chuewong | Moment | Getty ImagesAsia-Pacific market fell across the board Tuesday, tracking Wall Street declines as investors continued to rotate out of the artificial intelligence trade in the U.S.Shares of AI plays, like Oracle and Broadcom, slipped more than 5% and 2% respectively, while Microsoft also saw some losses.Over in Asia, South Korea’s Kospi lost 2.24%, leading losses in Asia and closing at 3,999.13, while the small-cap Kosdaq fell 2.42% to 916.11. This is the first time…

President Donald Trump’s contentious relationship with news organizations has led to a host of disputes and legal battles, the latest a lawsuit accusing the BBC of defamation and deceptive and unfair trade practices. The president is seeking $10 billion in damages from the British broadcaster.The lawsuit filed Monday accuses the BBC of “splicing together two entirely separate parts of President Trump’s speech on January 6, 2021” in order to ”intentionally misrepresent the meaning of what President Trump said.” It calls the BBC’s “false” depiction of Trump “a brazen attempt to interfere in and influence” the 2024 U.S. presidential election.The BBC…