CNBC Daily Open: Record high U.S. stocks as investors rotate out of tech

Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.

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Reddit challenges Australia’s under-16 social media ban in High Court filing, says law curbs political speech

Reddit filed a legal challenge seeking to either declare the law invalid, or exclude the platform from the provisions of the law

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Trump signs order to block states from enforcing own AI rules

California’s governor Gavin Newsom issued a strongly-worded statement in response to the executive order.

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Honolulu police shut down illegal gambling operation, seizing cash and machines

The Honolulu Police Department has taken to social media to share they have shut down an illegal gambling operation on Kawaiaha’o Street in Honolulu, Hawaii.
They say officers executed a search warrant on what they describe to be an ‘illegal gambling establishment’ on Tuesday (December 9), which saw two people arrested along with the seizure of multiple gaming machines, cash and drug-related paraphernalia.

HPD Shuts Down Illegal Gambling Operation on Kawaiahaʻo Street
Read more here: https://t.co/EWkRsE4qa8
To report illegal gambling, call the Narcotics/Vice 24-hour hotline at (808) 723-3933 or use the online form: https://t.co/YmaRluhyZV. pic.twitter.com/fA2g5Xzw8y
— Honolulu Police (@honolulupolice) December 11, 2025

A 58-year-old woman from the Kāneʻohe area and a 29-year-old male from the Aiea area have been arrested on suspicion of “Promoting Gambling in the Second Degree and Possession of a Gambling Device.” The police say the arrests were made without incident.
Honolulu illegal gambling machines seizure comes just days after another
At around 5 pm, the Narcotics/Vice Division Gambling Detail, with assistance from the District 1 Crime Reduction Unit, Forfeiture Detail, Airport Operations Group, and the Specialized Services Division, served a search warrant on an alleged illegal game room located on the street.
During the search operation, the police department says “officers recovered 16 gambling machines with an estimated combined value of $135,000, along with $3,910 in cash.”
Within the social media post, the Honolulu Police Department say they remain committed to addressing illegal gambling operations that negatively impact the safety and quality of life in our communities.

Ewa Beach Gambling Bust: 18 Machines, Cash Seized, and One Arrested
To report illegal gambling, call the Narcotics/Vice 24-hour hotline at (808) 723-3933 or use the online form: https://t.co/YmaRluhyZV.
Read more: https://t.co/Fhf2Flx3C5 pic.twitter.com/zBPCcxBrzm
— Honolulu Police (@honolulupolice) December 5, 2025

This announcement comes just days after 18 gambling machines were seized following a search warrant in Ewa Beach, which were reported to have an estimated combined value of $155,000. This happened on December 3, 2025, with the HPD officers from the Narcotics Vice Division, assisted by the District 8 Crime Reduction Unit and the Specialized Services Division, having executed a search warrant on Old Fort Weaver Road.
During the search, the gambling machines were seized along with over $5,000 in cash. A 46-year-old man was also arrested on suspicion of “Promoting Gambling in the Second Degree and Possession of a Gambling Device, according to a police update.
Featured Image: Via Honolulu Police Department Facebook post
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Australian ACMA blocks 12 illegal gambling websites

The Australian Communications and Media Authority (ACMA) has requested that internet service providers in the country block more illegal online gambling sites.
A total of 12 sites have been requested to be blocked, as the ACMA says investigations found these services to be operating in breach of the Interactive Gambling Act 2001.
The latest sites to be blocked include: Abu King, BetAlice, Dragon Slots, Nova Jackpot, Power Up Casino, QuickWin, Roby Casino, Rocketspin, Rooster Bet, Vegasino, Vegas Now, and Winbay.
This enforcement strategy, website blocking, is one of the options the ACMA uses to protect Australians against illegal online gambling. Since the authority made its first blocking request in November 2019, 1,455 illegal gambling and affiliate websites have been blocked.
Since ACMA started enforcing new illegal online gambling rules in 2017, around 220 illegal services have also pulled out of the Australian market.
ACMA in Australia warns consumers against illegal gambling websites
The ACMA wishes to remind consumers that even if a service looks legitimate, it is unlikely to have important customer protections. They explain that this means Australians who use illegal gambling services risk losing their money.
The regulator has an online register where people can check if a wagering service is licensed to operate in the country.
It was only last month, in November, when the ACMA announced it had requested for a further nine websites to be blocked. These included Cashed, King Maker, Posido, Spinight, Spinsy, next2go-au.com (which was described as being an imitation of the licensed Next2Go service), The Pokies Reviews, Topio Networks, and wizbet.app which is also an imitation of the licensed WizBet service.
Going back further, in October 2025, seven websites were announced to be blocked and five were named in the September announcement. The ACMA posts regular updates relating to website blocking of illegal gambling websites.
Featured Image: Via ACMA tweet
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Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market

As OpenAI turns 10, the former nonprofit AI lab is at the center of a roughly $1.4 trillion bet on AI infrastructure.

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Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call

Investors were apparently not satisfied with Broadcom CEO Hock Tan’s answer to an important question.

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CNBC Daily Open: U.S. stocks hit records despite AI-led tech slide

Even though the AI theme seems to be under scrutiny, other sectors are performing well on the back of a resilient U.S. economy and buoyed by interest-rate cut.

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World launches its ‘super app,’ including crypto pay and encrypted chat features

Tools for Humanity, the company behind the app, is seeking to expand its “real human network.”

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Trump Signs Executive Order That Threatens to Punish States for Passing AI Laws

The order creates an Justice Department task force to challenge state AI laws, and directs the Commerce Department to pull future broadband funding from states that pass “onerous” legislation.

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