Aminul Haque Chowdhury Rony

Hamad I Mohammed/Reuters
The Delaware Supreme Court has restored a massive pay package awarded to Tesla CEO Elon Musk in 2018 that had twice been voided by a lower court judge.
The package awarded Musk the option to purchase 303 million split-adjusted shares, a package worth $139 billion at Friday’s closing share price. Delaware Chancery Court Chancellor Kathaleen McCormick, who oversaw the bench, had found that even though Tesla shareholders twice approved the compensation plan, the size of the package was unfair to shareholders.
She wrote that the Tesla board “bore the burden of proving that the compensation plan was fair, and they failed to meet their burden.”
Even after shareholders voted again in favor of the package, McCormick rejected the package as unfair a second time.
But the Delaware Supreme Court ruled Friday that the lower court erred in its opinion and that tossing out the 2018 pay package was “inequitable” and that doing so “leaves Musk uncompensated for his time and efforts over a period of six years.”
Musk is already the richest person in the world, with an estimated net worth of $644 billion, according to Bloomberg’s billionaire tracker. A large chunk of that wealth comes from the 413 million shares of Tesla he owns outright, shares worth $199 billion at Friday’s closing price. Tesla’s stock is near the record high it reached earlier this week.
He was recently awarded a new pay package by Tesla that could be worth $1 trillion if the value of Tesla stock climbs as much as he and the company project.
And Tesla is only part of Musk’s net worth. He also is the primary shareholder of SpaceX, a company he is planning to take public sometime next year at a valuation that would also massively increase his wealth further.
“Thank you for your unwavering support,” Musk replied on X Friday evening in response to someone who had posted about the Delaware Supreme Court’s decision.
This story has been updated with additional developments and context.
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Doug Mills / The New York Times / Bloomberg via Getty Images
Key Takeaways
Grocery prices have climbed during President Donald Trump's administration, contrary to his claim this week that they are "falling rapidly."
Although overall food prices are rising, they are doing so more slowly than they did earlier in the year.

President Donald Trump says grocery prices are "falling rapidly" under his economic policies, but the government's own data says otherwise.

On Wednesday evening, Trump took to the airways to defend his economic policies, responding to criticism from Democrats and others that the cost of living has risen too quickly under his administration, and has been exacerbated by his tariff campaign.1 Trump said he is tackling inflation, blamed his predecessor, Joe Biden, for the problem, and singled out groceries as an example of his success.

"Democrat [sic] politicians also sent the cost of groceries soaring, but we are solving that too," Trump said. "The price of a Thanksgiving turkey was down 33 percent compared to the Biden last year. The price of eggs is down 82 percent since March and everything else is falling rapidly and it's not done yet, but boy, are we making progress."
Reports on the price of turkey are mixed. An annual report on Thanksgiving prices from the American Farm Bureau lobbying group showed frozen turkey cost $1.34 a pound in 2025, down 16% from 2024.2 However, the Consumer Price Index category that includes turkey ("Other uncooked poultry including turkey") was up 0.8% in November compared to 2024.3

Egg prices are one category that is down, after jumping sky-high in 2024 due to a bird flu pandemic that is now fading.

Still, other items are clearly up quite a bit. Ground beef is up 16% compared to last year, while coffee has risen 35% according to the Bureau of Labor Statistics.45
Bureau of Labor Statistics via Federal Reserve Economic Data. “Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000717311).”

But grocery inflation is typically measured by combining prices for many products rather than singling out individual items. And overall grocery prices were up 1.9% over the 12 months ending in November, according to the Consumer Price Index.6 That's down from 2.7% in September, but still above the 1.6% annual growth for grocery prices in November 2024.
In other words, grocery prices are not in fact falling. However they are climbing at a slower pace than earlier in the year.

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The White House. “President Trump Delivers an Address to the Nation.” 5:41American Farm Bureau Federation. “Cost of Thanksgiving Dinner Declines.”Bureau of Labor Statistics. “Data.” Use data tool to look at CPI data.Bureau of Labor Statistics via Federal Reserve Economic Data. “Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average.”Bureau of Labor Statistics via Federal Reserve Economic Data. “Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000717311).”Bureau of Labor Statistics via Federal Reserve Economic Data. “Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average.”

MD Abu Sufian Jewel/NurPhoto/Getty Images
Reuters — 
Bangladesh was rocked by violent protests in several cities after the death of youth leader Sharif Osman Hadi late Thursday, with concerns of further unrest ahead of national elections.
Hadi, a spokesperson for the Inquilab Mancha platform and a candidate in general elections, was shot in the head by masked assailants last Friday while launching his election campaign in Dhaka. He was initially treated at a local hospital before being flown to Singapore for advanced medical care, where he died after spending six days on life support.
In Dhaka, videos circulating on social media showed mobs vandalizing the offices of the country’s largest daily newspaper, Prothom Alo, as well as the Daily Star.
The demonstrations were marked by emotionally charged slogans invoking Hadi’s name, with protesters vowing to continue their movement and demanding swift justice and accountability for the attack that claimed his life. Several areas remained tense late into the night, with additional police and paramilitary forces deployed to prevent further violence.

MD Abu Sufian Jewel/NurPhoto/Getty Images
Police did not immediately comment, while the fire service said the blaze at the Daily Star was under control.
Bangladesh has been governed by an interim administration led by Nobel laureate Muhammad Yunus since August 2024, after Prime Minister Sheikh Hasina fled to India following a student-led uprising. The country’s national election is scheduled for February 12.
#Bangladeshcryptocommunity #TrumpTariffs #USNonFarmPayrollReport #BinanceAlphaAlert

Russia’s wartime economy is getting weaker as the war in Ukraine approaches its fourth anniversary, according to a recent report by PeaceRep, a research group led by the University of Edinburgh. The report, Against the Clock? Why Russia’s War Economy is Running Out of Time, finds that Russia is being forced to spend aggressively on the war, while its earning abilities have dropped significantly.
The funding source used to finance much of this spending, Russia’s sovereign wealth fund, also looks to be dwindling. According to the report, around 76% of the fund’s US$148 billion (£110 billion) pre-war liquid reserves was spent within the first three years of the war.
In an article in May, I argued that Russian leader Vladimir Putin could afford a drawn-out war because he had spent more than 20 years preparing for it. Under Putin’s leadership Russia has consistently posted budget surpluses, amassed foreign currency reserves and reduced its reliance on western debt.
The question now is how far can that preparation carry the Russian economy? For the moment, it appears Russia can still sustain the war. But it can do so only by drawing heavily on earlier buffers, such as foreign reserves and the sovereign wealth fund, while diverting an ever-growing share of national resources towards the military.

The strain on Russia’s economy is being compounded by mounting external pressures. The EU, which is currently the largest buyer of Russian liquefied natural gas (LNG) and pipeline gas, announced in early December that it would end its imports of Russian LNG in 2026. Imports of pipeline gas will end the following year.
But Russia’s revenue streams have remained relatively resilient throughout the war. Russia has diversified its exports of crude oil, with China now accounting for around 47%, India about 38% and Turkey roughly 6%. These revenue flows, together with earlier economic preparation, have helped sustain the three core areas that shape any wartime economy: industrial output, fiscal capacity and social resilience.
According to 2024 analysis by the Centre for Economic Policy Research, war-related output in Russia surged by about 60% in the early years of the conflict. That expansion still underpins Russia’s industrial base today. War-related industries have accounted for almost all of manufacturing growth since the invasion.
Energy revenues also continue to bolster the federal budget, though the government is relying increasingly on domestic borrowing and reserve drawdowns to fund deficits. And on the household side, higher wages in military-linked sectors and targeted government payments to the families of mobilised soldiers have helped soften the impact of inflation. Income from mobilisation has even lifted household savings, particularly in poorer regions of Russia.
Yet this appearance of stability reflects an economy being stretched rather than strengthened. Defence-related activity now dominates manufacturing, drawing labour and capital away from civilian sectors. Civilian industries are losing workers, machinery and investment, which is deepening structural stagnation and will make future economic recovery more difficult. What looks like resilience is, in practice, a system operating under growing strain.
Russia’s unsustainable economy
The central question now is how long can Russia’s remaining buffers support its militarised economy? Labour shortages have become structural rather than temporary, and inflationary pressures have persisted even amid weakening growth. Demographic pressures add to this squeeze, with mobilisation, emigration and long-term population decline shrinking the workforce available to both industry and the military.
Technological limits are tightening too. Export controls have cut Russia off from many advanced components, increasing reliance on parallel imports and domestic substitutes that are often more expensive or less reliable. This is slowing production and constraining the sophistication of new military systems.
A notable shift is also emerging in how the war is financed. With industry and labour close to capacity, and the EU phasing out Russian gas, the government can no longer rely on economic expansion or strong energy revenues to support the budget.
The new three-year budget, submitted to parliament in late September, raises VAT and expands the tax burden on small businesses. This will pass more of the cost of the war on to households and firms, a model that will only remain viable while the public tolerates higher taxes and gradually declining living standards. That makes its long-term sustainability uncertain.

How long Russia can continue fighting will also depend on forces beyond its borders. China and India are essential buyers of Russian oil, slowing the point at which fiscal pressures fully tighten. Meanwhile, tighter US and EU sanctions are constraining Russia’s access to advanced technology and complicating the logistics of foreign trade.
Geopolitics adds another layer of uncertainty. The latest US-drafted peace proposal for Ukraine echoes several longstanding Russian demands, while a major corruption scandal in Kyiv has weakened Ukraine’s political position at a sensitive moment.
These developments do not remove Russia’s economic vulnerabilities. But they do shape the environment in which Moscow navigates them, lowering the political cost of continuing the war even as economic pressures rise.
Russia’s war economy is not collapsing, but neither is it stable. It survives by pushing strain into the future – into labour markets, public finances and the everyday lives of Russian households.
The key question is how long the system can keep absorbing these pressures before they begin to reinforce one another. In that sense, Russia’s wartime economy still has time – but it is increasingly time borrowed from the future.

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In a powerful primetime address to the nation last night from the White House, President Donald J. Trump reflected on the transformative progress achieved in just 11 months — turning the tide on inflation and costs, securing the border, and honoring our military with a special Warrior Dividend — while promising even greater prosperity, tax relief, and renewed respect for America in the year ahead.

Here’s what you missed:
“Over the past 11 months, we have brought more positive change to Washington than any Administration in American history.” (Watch)“For the last four years, the United States was ruled by politicians who fought only for insiders, illegal aliens, career criminals, corporate lobbyists, prisoners, terrorists, and above all, foreign nations… Now, you have a President who fights for the law-abiding, hardworking people of our country — the ones who make this nation run.” (Watch)“We inherited the worst border anywhere in the world and we quickly turned it into the strongest border in the history of our country. In other words, in a few short months, we went from worst to best.” (Watch)“We’re deporting criminals [and] restoring safety to our most dangerous cities… Drugs brought in by ocean and by sea are now down by 94%. We have broken the grip of sinister, woke radicals in our schools… I’ve restored American Strength, settled eight wars in ten months, destroyed the Iran nuclear threat, and ended the war in Gaza.” (Watch)“We’re bringing our economy back from the brink of ruin… Under the Biden Administration, car prices rose 22%, and in many states, 30% or more. Gasoline rose 30% to 50%. Hotel rates rose 37%. Airfares rose 31%. Now, under our leadership, they are all coming down — and they’re coming down fast.” (Watch)“I am also proud to announce that more than 1,450,000 military service members will receive a special Warrior Dividend before Christmas… In honor of our nation’s founding in 1776, we are sending every soldier $1,776 — and the checks are already on the way.” (Watch)“Next year, you will also see the results of the largest tax cuts in American history… Many families will be saving between $11,000 and $20,000 dollars a year, and next Spring is projected to be the largest tax refund season of all time.” (Watch)“On Day One, I declared a national energy emergency. Gasoline is now under $2.50 a gallon in much of the country.” (Watch)“For the first time in 50 years, we are now seeing reverse migration… leaving more housing and more jobs for Americans.” (Watch)“The yearly cost of a typical new mortgage increased by $15,000 dollars under Democrat rule. In 11 months, I have already gotten that annual cost down by $3,000 dollars.” (Watch)“I’ve secured a record-breaking $18 trillion dollars of investment into the United States — which means jobs, wage increases, growth, factory openings, and far greater national security.” (Watch)“I’m also taking on the gigantic health insurance companies that have gotten rich on billions of dollars of money that should go directly to the people… so they can buy their own health insurance, which will give far better benefits at much lower costs.” (Watch)“I’m doing what no politician of either party has ever done — standing up to the special interests to dramatically reduce the price of prescription drugs…” (Watch)“After 11 months, our border is secure, inflation is stopped, wages are up, prices are down, our nation is strong, America is respected, and our country is back… We’re poised for an economic boom the likes of which the world has never seen.” (Watch)
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