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Trump Sues BBC for Misleadingly Edited Documentary Footage, Seeks Minimum of $10 Billion

7 hours ago

December 16 (Bloomberg) — Former U.S. President Donald Trump has sued the British Broadcasting Corporation (BBC) for at least $100 billion in damages, alleging a misleading edit in a 2023 documentary falsely portrayed him as directly inciting violence during a pre-January 6, 2021, speech to supporters who stormed the U.S. Capitol. The lawsuit was filed Monday in federal court in Miami. The complaint includes two counts: defamation and violation of Florida’s Deceptive and Unfair Trade Practices Act. For each count, Trump’s team is seeking at least $50 billion in damages, plus reimbursement for related costs.
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The Federal Reserve's probability of a rate cut in January next year has slightly increased to 31%.

On December 16th, CME’s FedWatch data showed that following the release of U.S. employment figures, the probability of the Federal Reserve cutting interest rates by 25 basis points at its January 2026 meeting has edged up from 24.4% to 31%, while the likelihood of holding rates steady stands at 69%. The Fed’s next two FOMC meetings are scheduled for January 28, 2026, and March 18, 2026.

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The U.S. Non-Farm Payrolls and Unemployment Rate for November Both Exceed Expectations

December 16th: U.S. November non-farm payrolls and the unemployment rate both came in above expectations. The November jobless rate hit 4.6%, marking a new high since September 2021. Seasonally adjusted non-farm employment rose by 64,000 in November, exceeding consensus market forecasts. (FX168)

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U.S. October Retail Sales MoM 0%, Expected 0.1%

December 16 – U.S. October Retail Sales (month-over-month) printed at 0%, missing the 0.1% consensus forecast. The prior reading was revised down from 0.2% to 0.1%. (FXStreet)

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US November Seasonally Adjusted Nonfarm Payrolls: +64k, Expectations: +50k

December 16: U.S. nonfarm payrolls rose by 64,000 in November on a seasonally adjusted basis, topping the 50,000 consensus estimate, CNBC reports.

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U.S. unemployment rate was 4.6% in November, expected 4.4%

December 16: U.S. November Unemployment Rate Comes in at 4.6%, Missing Forecast of 4.4% (FXStreet)

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SharpLink received a staking reward of 465 ETH last week on their SharpLink Platform.

On December 16, Ethereum decentralized treasury (DAT) firm SharpLink announced it earned 465 ETH in staking rewards last week. Since launching its staking strategy on June 2, 2025, the firm has accumulated 9,241 ETH in total staking rewards. All of its ETH holdings are currently staked via institutional channels.

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