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Biden pardons son Hunter, reversing prior stance

Biden pardons son Hunter, reversing earlier stance amid controversy over perceived selective prosecution and political fallout.

Published

1 year ago

December 3, 2024

ticker NEWS

President Biden has pardoned his son, Hunter Biden, reversing his previous stance against offering a pardon.

The decision came just before Hunter faced sentencing hearings for federal gun and tax charges.

In a statement, President Biden asserted that Hunter had been unfairly targeted by the Justice Department, stating, “he has been treated differently” due to his familial connection. He emphasized Hunter’s recovery, noting his son’s sobriety despite ongoing scrutiny.

The broad pardon encompasses potential offenses dating back to 2014, coinciding with Hunter’s involvement with the Ukrainian gas company, Burisma. White House press secretary Karine Jean-Pierre indicated that Biden’s concerns over continued Republican pursuits of Hunter were a factor in the pardon decision.

Avoiding accountability

The pardon drew immediate backlash from Republicans, with Rep. James Comer criticizing the Bidens for avoiding accountability. Some Democrats, including Governor Jared Polis, expressed apprehensions about the implications of such a precedent.

Hunter Biden had recently pleaded guilty to felonies related to tax evasion, including false deductions for personal expenses post-rehabilitation. He accepted responsibility for his past actions, vowing to dedicate his life to aiding others in similar situations.

Despite Biden’s prior declarations against a pardon, the president explained that after making the decision, there was no reason to wait in announcing it, hoping Americans would understand the father’s rationale in this complex situation.

News

RBA rate hike fears & Fed cuts shake Wall Street

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Published

31 minutes ago

December 12, 2025

Harvey Vargas

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.

Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.

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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews

News

Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

Published

1 day ago

December 11, 2025

Harvey Vargas

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker

News

Elon Musk’s SpaceX plans $25 billion IPO in 2026

Published

1 day ago

December 11, 2025

Harvey Vargas

SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.

Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup