ServiceNow Deal for Armis Done; Stock Declines Again
5 minutes ago
Eight days ago, ServiceNow (NOW) sank following a report the the AI-driven enterprise software provider was close to purchasing Internet of Things security startup Armis. Now that it’s a done deal, it’s declining again.
ServiceNow shares fell 2.5% Tuesday afternoon after it bought Armis for $7.75 billion in cash.
On Dec. 15, ServiceNow stock sank more than 11% after Bloomberg reported the two companies were in advanced acquisition talks.
ServiceNow said it made the deal to expand its “security workflow offerings and advance AI-native, proactive cybersecurity and vulnerability response across all connected devices.”
ServiceNow stock has lost more than a quarter of its value this year.
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Nvidia’s H200 AI Chips Get Trump’s Nod for China Sales. Will Political Hurdles Derail the Plan?
48 minutes ago
Nvidia finally won President Donald Trump’s approval to sell its H200 AI chips in China, but will it be able to seal the deal?
The company looks to sell the chip in China as soon as February, Reuters reported Monday, after President Trump greenlighted the chip earlier this month in exchange for a 25% revenue-sharing agreement. But uncertainty over whether U.S. lawmakers or China’s government will allow the sales has weighed on investor confidence that the sales will happen.
The H200 chip, which is a generation behind Nvidia’s Blackwell line, had been banned for sale to China on national security concerns, and its export to the country still faces vocal bipartisan opposition in the U.S., along with potential challenges in China.
Patrick T. Fallon and Mandel NGAN / AFP / Getty Images
Since Trump announced the H200 deal in early December, U.S. lawmakers from both parties have pushed back with demands for more oversight and bills that could block sales. On Friday, House Republicans introduced a bill that would allow Congress to block advanced AI chip exports, a day after House Democrats proposed a bill that would prohibit sales of America’s most advanced chips to China and other countries of concern.
Chinese officials also have yet to approve H200 sales in the country, with analysts warning China’s government could discourage firms from buying the chips, as it has with the H20, a weaker chip that Trump approved for export earlier this year.
Read the full article here.
The Bachelor’s Degrees Most Likely to Get You a High-Paying Job
1 hr 34 min ago
If you’re looking to get a high-paying job with security, you may need to look to the sky when considering what to major in.
Aerospace engineering graduates earn a median of $125,000 mid-career and face just 1.4% unemployment, making it the bachelor’s degree most likely to land you a high-paying, stable job, according to Federal Reserve data.
andresr/Getty Images
Computer engineering and chemical engineering follow close behind, both topping $120,000 at mid-career.
But the outlook isn’t uniform across STEM. Computer engineers earn $122,000 mid-career yet battle the highest unemployment rate of any field at 7.5%. Finance and economics round out the top 10, offering six-figure mid-career salaries without requiring an engineering background.
Read the full article here.
Mapped: Which States Are Raising the Minimum Wage in 2026—And Which Will Still Be at $7.25 an Hour
1 hr 59 min ago
For workers in many states, 2026 will bring a higher minimum wage, though the timing isn’t the same everywhere. Most of the states making changes will boost pay beginning New Year’s Day, while a smaller group has increases scheduled for later in the year.
In total, 19 states are set to raise their minimum wage on January 1, reflecting either scheduled increases or inflation-based adjustments. California stands out for making two changes in 2026, with an increase at the start of the year followed by another on July 1. Three other states—Alaska, Florida, and Oregon—will raise their minimum wages later in the year, with increases taking effect on either July 1 or September 1.
Some states won’t see minimum wage changes in 2026 because they already raised pay in earlier years. In many cases, those increases were the result of multiyear schedules approved by lawmakers or voters, designed to lift wages gradually rather than all at once.
Four of those states—California, Illinois, Maryland, and Massachusetts—already require employers to pay at least $15 an hour statewide, putting them among the highest minimum-wage states in the country. Each reached that level through phased increases over several years, with some states adjusting pay in line with inflation.
Read the full article with maps here.
Used Car Prices Are Changing as 2025 Winds Down—Here’s What’s Getting Cheaper (and What Isn’t)
3 hr 29 min ago
If you’ve ever shopped for a car in December, you may have noticed that dealerships are more willing to negotiate. Year-end is one of the most volatile periods in the auto market, especially for used vehicles. This happens because dealers are trying to clear aging inventory before the new year while hitting annual sales targets and making room for incoming trade-ins tied to end-of-year buying. At the same time, many buyers pull back on major expenditures during the holidays, which naturally softens demand.
That’s why experts often point to late December, even New Year’s Eve, as one of the most buyer-friendly windows of the year. Timing alone can make a noticeable difference in what you pay, especially if you’re flexible on model year or trim level.
Not all used car prices behave the same way as the year winds down, and November’s data highlights those differences clearly. Month over month, several mainstream categories saw price declines as inventory built up and demand cooled. Sedans, smaller SUVs, and some midsize crossovers continued a gradual easing trend, which is good news for practical buyers focused on affordability and reliability.
Hybrids and electric vehicles saw the biggest price drop from October to November, with a decline of 1.8%.2 In addition to seasonal price influences, hybrids and EVs saw a sharp decline in demand due to the elimination of the $4,000 federal tax credit for hybrids and EVs purchased after Sept. 30, 2025.
Read the full article here.
Economy Grew Faster Than Expected in Third Quarter
3 hr 59 min ago
The U.S. economy grew much faster than forecasters had expected in the third quarter, thanks to a drop in imports and a surge in consumer spending.
The inflation-adjusted Gross Domestic Product grew at an annual rate of 4.3% in the third quarter, up from 3.8% growth in the second, the Bureau of Economic Analysis said Tuesday. That blew past the 3.2% growth forecasters had expected, and was well above the 2.6% average annual growth rate over the previous four years.
The surge in economic growth partly reflected a decrease in imports, which are subtracted from the GDP, and have declined as a result of President Donald Trump’s tariff campaign.
Juliana Yamada / Los Angeles Times via Getty Images
Other parts of the economy accelerated, including exports, government spending, and the all-important rate of consumer spending. Consumer spending is the largest factor in the GDP and rose 3.5%. The economy grew rapidly in the second half of the year, after shrinking in the first quarter due to a surge in imports aimed at avoiding the tariffs.
The GDP report had been scheduled to be released in October, but was delayed by the government shutdown. The BEA will revise its GDP estimate and release a final tally next month.
Next Fed Meeting: When It Is in January and What to Expect on Interest Rates
5 hr 23 min ago
The Federal Reserve’s policy committee is scheduled to meet next on Jan. 27 and 28, and officials are expected to hold the central bank’s key interest rate steady after a series of cuts in recent months.
The Federal Open Market Committee will meet to consider whether to cut the federal funds rate from its current range of 3.5% to 3.75%. The Fed cut its interest rate by a quarter of a percentage point at each of the previous three meetings in an effort to prevent the recent job market slowdown from turning into a serious increase in unemployment.
Fed officials have been divided about whether to cut interest rates to help the job market or keep them high to fight inflation. The Fed’s dual mandate from Congress requires it to keep inflation low and employment high, and both have been headed in the wrong direction in recent months, creating a dilemma for the Fed. Lower borrowing costs could help encourage hiring, but could risk stoking inflation.
Andrew Harnik / Getty Images
“A very large number of participants agree that risks are to the upside for unemployment and to the upside for inflation,” Fed Chair Jerome Powell said after the December meeting of the policy committee. “So what do you do? You’ve got one tool. You can’t do two things at once. So at what pace do you move? It’s a very challenging situation.”
Read the full article here.
Novo Nordisk Stock Soars on FDA Approval of Wegovy Pill
6 hr 7 min ago
After the bell Monday, Novo Nordisk (NVO) announced the U.S. Food and Drug Administration had approved its GLP-1 pill. Its stock is soaring in premarket trading Tuesday.
U.S.-listed shares of the Danish drugmaker surged about 8% before the bell after it said that FDA had “approved the Wegovy pill (once-daily oral semaglutide 25 mg) to reduce excess body weight and maintain weight reduction long term and to reduce the risk of major adverse cardiovascular events.”
The firm, which also submitted the Wegovy pill to the European Medicines Agency (EMA) and other regulatory authorities in the second half of this year, expects to launch it in the U.S. in early January. Wegovy already had been approved as a once-weekly injection by the FDA, EMA, and others.
The FDA approval for its blockbuster obesity medication in pill form gives Novo Nordisk a leg up on rival Eli Lilly (LLY), whose weight-loss pill is expected to be approved by the regulatory agency in the first quarter of 2026.
Eli Lilly shares slipped 0.7% before the bell but entered Tuesday up nearly 40% this year. U.S.-listed shares of Novo Nordisk have lost almost 45% of their value in 2025.
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Stock Futures Little Changed Ahead of GDP Data
6 hr 51 min ago
Futures contracts associated with the Dow Jones Industrial Average were near flat.
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S&P 500 futures were fractionally higher.
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Nasdaq 100 futures also were up fractionally.
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