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A picture shows a view of the U.S. Embassy in Kyiv on May 18, 2022. Sergei Supinsky | AFP | Getty ImagesThe U.S. closed its embassy in Kyiv on Wednesday, warning that it has "received specific information of a potential significant air attack" amid soaring tensions with Russia.The U.S. Embassy said in a statement that it was closing the building "out of an abundance of caution" and instructed embassy employees to shelter in place."The U.S. Embassy recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced," it added.Air alerts in Kyiv are a common occurrence, as the Ukrainian capital suffers frequent drone and missile attacks from Russia. But the latest alert comes amid rising tensions between Moscow and Washington, after reports that the White House...

One of the main faces of Hong Kong's pro-Democracy scene, British citizen and media tycoon Jimmy Lai, has started testifying in court.It is the first time he has spoken in court in a case that has been delayed for years. Lai, 77, has been charged under Hong Kong's national security law with two counts of conspiracy to commit foreign collusion and one count of publishing seditious material.He is accused of asking the US and other foreign countries to impose sanctions on Hong Kong and mainland China. Lai has denied all charges.The publisher's testimony began with an explanation about why he started the Apple Daily newspaper in the city. He said the publication represented the "core values" of Hong Kong.Read more:Son of Jimmy Lai calls for 'urgent' UK interventionCalls for Starmer to condemn ...

There's an old Wall Street phrase, "news follows the tape." It means that stock price movements often occur before news is widely known. That's been happening to stocks. The S & P 500 has been drifting lower for a week. It's been drifting lower on valuation concerns, concerns on potentially fewer rate cuts, stickier bond yields, and concerns about President-elect Donald Trump's tariffs and potential appointments. Now, with geopolitical issues around Russia/Ukraine , there is another log on the fire. This definitely puts the nuclear threat squarely on the table. Geopolitics has finally inserted itself into the market. So why are stocks, particularly cyclical sectors like industrials, rallying mid-morning? Bulls seem to want to believe this most recent Russian threat will lead to a deal ...

U.S. President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via ReutersPresident-elect Donald Trump attended Tuesday's launch of the SpaceX rocket Starship with company CEO Elon Musk."I'm heading to the Great State of Texas to watch the launch of the largest object ever to be elevated," Trump wrote on Truth Social, wishing Musk luck along with all the "great patriots" involved in the launch ahead of the event.Trump's presence at the SpaceX facility underscores his increasingly close relationship with the mega-billionaire Musk, whose political action committee heavily backed the Republican in the recent election.Trump has tapped Musk to c...

The Garden City Port Terminal in Savannah, Georgia.Sean Rayford | Getty ImagesUncertainty among U.S. shippers is escalating into 2025 with the expectation of new Trump tariffs and the possibility of a new ports strike that could begin in mid-January. Supply chain and logistics executives tell CNBC that shippers are now trying to game out the snafus that could be coming in the global supply chain and how much inventory to order against a consumer backdrop that remains strong, but subject to macroeconomic risks, and an early start to Lunar New Year, a holiday period in Asia during which manufacturing operations halt for as long as a month.In an advisory to clients, Honour Lane Shipping said it did not expect a volume spike in November because it took two to three weeks for production cycles ...