Reuters

?? K-pop music may be South Korea's buzziest export but critics say the industry needlessly creates mountains of plastic in its home market by churning out CDs that most fans don't even listen to. ? #Reuters #news #Kpop #SouthKorea #CD #music #pop?

The federal judiciary on Nov. 20 reported that most complaints by employees of abusive behavior, discrimination or other forms of workplace misconduct were lodged not against judges but against other court staff. Jay Clayton, President-elect Donald Trump's pick for U.S. Attorney in Manhattan, said the office is well-positioned to focus on national security and combating terrorism financing and money laundering. U.S. Senate Democrats on Nov. 20 secured the confirmation of two more of President Joe Biden's judicial nominees as they race against the clock to fill as many court vacancies as possible before Republican President-elect Donald Trump takes office in January. Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and reduce regulations the two call unnecessary, costly and inefficient. Here’s your legal file:

?? A volcano near Iceland’s capital Reykjavik erupts for the tenth time in three years, spewing fountains of lava and smoke. ? Iceland's Reykjanes peninsula has seen a string of?volcanic eruptions?since 2021 when geological systems dormant for around 800 years became active again. ? Experts say the region, just south of the capital Reykjavik and home to 30,000 people, could experience so-called fissure eruptions repeatedly for several centuries. Read more ?? https://reut.rs/490fYCk ? #Reuters #news #volcano #Iceland #Reykjanes #lava #eruption?

LIVE: White House briefing with Karine Jean-Pierre White House Press Secretary Karine Jean-Pierre holds a briefing after former US Representative Matt Gaetz withdrew his candidacy as President-elect Donald Trump's attorney general. #Reuters #News #Live #WhiteHouse #JoeBiden #DonaldTrump #UnitedStates #Politics #MattGaetz #attorneygeneral #DOJ Keep up with the latest news from around the world: https://www.reuters.com/

From my colleague Nick Carey: A painful day for Ford in Europe. The automaker said it would cut 14% of its European workforce -- about 4,000 jobs -- blaming losses on weak electric vehicle demand, poor government support for the EV shift and competition from subsidized Chinese rivals. https://lnkd.in/g_wcVtPD

Target?forecast?holiday-quarter?comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling 21%. The results are in contrast to the world's no. 1 retailer Walmart, which?raised?its annual sales and profit forecast for the third consecutive time a day earlier, as it took marketshare in groceries and merchandise. "We're seeing a strong response to promotions than we've seen in some time yet," CEO Brian Cornell said on a post-earnings call. For instance, Target saw a "more pronounced sales dip" both the week before and a week after its Circle Week event between Oct.6 and Oct. 12 as consumers remained intensely promotion focused. Meanwhile, the company's efforts to pull forward holiday inventory in preparation for the?U.S. ports strike?in the East and Gulf Coast led to additional costs in its supply chain, Target's executives said. Target said it "acted quickly and decisively to reroute select shipments ... that came with additional cost" which hurt its profit in the reported quarter. For Reuters #holidayshopping #retailer #US #demand #spending #inventory #walmart

Google shares are down around 6% today after the U.S. Department of Justice and state antitrust enforcers said it should be ordered to sell its Chrome browser to open up competition in online search. But prosecutors aren't approaching the sale as a silver bullet -- they also want Google to back out of AI investments, license search results, end payments to Apple to be the default search engine, and show users choice screens. Not to mention fund a mini regulator to enforce the regime. Google calls the proposals staggering. My story for Reuters:

AI chip leader NVIDIA's sales are surging, but it's revenue outlook wasn't quite as high as Wall Street had hoped, sending shares down a bit today. Does that mean the AI boom is waning? So far, the answer appears to be no - there's plenty of demand, but Nvidia is facing supply constraints that make it difficult to keep up. Read the full story with Max A. Cherney and Arsheeya Bajwa over at Reuters - https://lnkd.in/g7t-ng2v

LIVE: Iceland volcano erupts for the tenth time in three years A volcano near Iceland's capital Reykjavik erupted late on Wednesday for the tenth time in three years, spewing fountains of lava and smoke, the country's meteorological office said. #Live #volcano #lava #smoke #eruption #Iceland #Reykjanes #Reykjavik #environment #science #news #Reuters Keep up with the latest news from around the world: https://www.reuters.com/

?? Gulf states wedge AI efforts between superpowers: In this Viewsroom podcast, Breakingviews columnists talk about how the region is muscling its way into a technology arms race between China and the US https://reut.rs/4eBcwzm