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5 things to know for Dec. 11: Oil tanker seized, Football coach jailed, Interest rates, Trump Gold Card, Cruise ship death

Yahoo Finance
Dec 11, 2025 at 11:44 AM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

1. US seizes oil tanker off Venezuela, escalating tensions. 2. Former Michigan football coach Sherrone Moore jailed after firing. 3. Federal Reserve cuts interest rates by a quarter point. 4. Trump launches 'gold card' visa for expedited US residency. 5. Lawsuit claims Royal Caribbean passenger died after excessive drinking and restraint.

This image from video posted on Attorney General Pam Bondi's X account, and partially redacted by the source, shows an oil tanker being seized by U.S. forces off the coast of Venezuela on Wednesday. - U.S. Attorney General's Office/X/AP

A World War II hero is set to return home for a proper burial, 80 years after his death. His long-awaited homecoming will finally give loved ones an opportunity to honor his service and pay their respects.

Here’s what else you need to know to get up to speed and on with your day.

1️⃣ Oil tanker seized

The US is stoking tensions with Venezuela after seizing an oil tanker off its Caribbean coast on Wednesday. The move comes as President Donald Trump has ramped up his pressure campaign on the country, escalating strikes on suspected drug boats and issuing repeated threats against President Nicolas Maduro’s regime. US Attorney General Pam Bondi said the tanker was being used “to transport sanctioned oil from Venezuela and Iran.” Satellite imagery reviewed by CNN shows the ship had been concealing its true location, a tactic analysts say is common among tankers hiding illegal activities.

2️⃣ Football coach jailed

Former University of Michigan head football coach Sherrone Moore was jailed on Wednesday night, just hours after he was fired from the job. Police say officers responded to investigate an alleged assault and took a suspect into custody, but did not name Moore or release any additional details. Moore’s arrest comes after the school says he was fired over an inappropriate relationship with a staff member. “This conduct constitutes a clear violation of University policy, and U-M maintains zero tolerance for such behavior,” Michigan’s statement read.

Former University of Michigan head football coach Sherrone Moore on October 25, 2025. - Nic Antaya/Getty Images

3️⃣ Interest rates

The Federal Reserve on Wednesday cut interest rates by a quarter point as expected, lowering borrowing costs for the third time this year. Wall Street rallied after Fed Chair Jerome Powell ruled out the need for any immediate rate hikes, though he said this may be the last reduction for a while. The cut could mean lower rates for mortgages, car loans and credit cards. President Trump, however, said the central bank didn’t go far enough, dismissing the rate cut as “rather small” and saying it “could have been doubled.”

4️⃣ Trump Gold Card

President Trump on Wednesday officially launched his “gold card” visa, a new immigration pathway that will allow foreigners to pay $1 million to expedite their visa application, or have companies pay $2 million to sponsor a foreign worker they want to bring into the US. The visa website, trumpcard.gov, includes a link to the application and promises “U.S. residency in record time.” It also previews that a “Trump Platinum Card” is coming soon and invites foreign nationals to add their names to a waiting list. For $5 million, the administration says eligible applicants will be able to “spend up to 270 days in the United States without being subject to U.S. taxes on non-U.S. income.”

5️⃣ Cruise ship death

A Royal Caribbean cruise ship passenger died after being served at least 33 alcoholic drinks, a lawsuit claims. The fiancée of a 35-year-old man, who died on board Navigator of the Seas in 2024, is seeking unspecified damages and a jury trial. The lawsuit alleges that after receiving more than two dozen drinks from crew members, the man became disoriented and agitated while trying to find his room. Crew members then reportedly subjected him to prolonged prone restraint, compressing his back and torso and restricting his breathing, which the lawsuit claims led to respiratory failure and cardiac arrest. Royal Caribbean did not immediately respond to a request for comment.

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And finally…

▶️ Airport press conference turns into pull-up contest

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Today’s edition of 5 Things AM was edited and produced by CNN’s Andrew Torgan.

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