Reuters World News Venezuela tanker, Fed, SpaceX and World Cup Pride
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Dec 11, 2025 Howard Schneider, a seasoned journalist known for his insightful interviews with the Federal Reserve Chair, discusses the recent quarter-point rate cut and what it means for the economy. Mike Dolan, a keen markets commentator, analyzes Wall Street's upbeat reaction to the Fed's decision and the impact on corporate earnings. They also touch on the U.S. seizure of a Venezuelan tanker, military tensions in East Asia, Elon Musk's hints at a SpaceX IPO, and the controversy surrounding Pride plans during a World Cup match. It's a whirlwind of global stories!
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Tanker Seizure Heightens U.S.-Venezuela Tensions
- The U.S. Coast Guard seized a sanctioned oil tanker off Venezuela, sharply escalating tensions with Caracas.
- The move sent oil prices higher and prompted Venezuela to call it an act of international piracy.
Opposition Leader Flees To Accept Nobel Prize
- Maria Corina Machado secretly left Venezuela for Oslo despite a decade-long travel ban and long concealment at home.
- She joined well-wishers on a hotel balcony and plans to return to Venezuela despite the risks.
Fed Signals Pause After Narrow Rate Cut
- The Fed cut rates by 0.25% but signaled a likely pause, viewing policy near a neutral rate.
- Jerome Powell and Howard Schneider conveyed an outlook of accelerating growth, steady unemployment, and falling inflation next year.