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Markets stay mixed ahead of US jobs data with S&P 500 hitting new highs amid rate cut bets. Asian stocks cautiously rise after tariff adjustments, while tech stocks rally on AI chip deals. Lululemon’s guidance cuts weigh on retail shares, offset by gains in semiconductor and defense sectors.
Russia intensifies threats as Putin declares any Western troops in Ukraine legitimate targets, escalating tensions and complicating diplomatic efforts for peace.
63% – Broadcom’s year-over-year AI revenue growth in Q3 2025
The U.S. military boosts its missile capabilities near China, deploying advanced anti-ship weapons to protect critical waterways and counter Chinese naval influence.
Trump administration announces tariff reductions on Japanese autos, marking political and trade developments impacting US-Japan economic relations and automaker stocks.
Broadcom Reports 22% Revenue Surge Led by 63% AI Sales Growth
Broadcom beats estimates with strong Q3 revenue and forecasts robust Q4 growth fueled by escalating enterprise investments in AI custom chips.
More on bloomberg.com
OpenAI and Broadcom partner to mass-produce a proprietary AI chip for internal use, highlighting a strategic shift towards custom AI hardware in the competitive tech landscape.
Lululemon slashes earnings outlook amid tariff pressures and slowing sales, signaling growing headwinds for the retail sector and impacting investor sentiment.
Lululemon Slashes Full-Year Outlook on Tariff Headwinds and Slowing Sales
Retailer Lululemon cuts annual sales and profit forecasts amid rising US tariffs and slowing consumer demand, signaling challenges ahead for the apparel sector.
More on theglobeandmail.com
Federal Reserve nominee Stephen Miran faces skeptical Senate questioning amid concerns over Fed independence and his dual role at the White House.
Health Secretary Robert F. Kennedy Jr. undergoes contentious Senate hearing amid CDC shakeups and vaccine policy controversies, drawing bipartisan critique.
Trump administration rebrands Department of Defense to ‘Department of War’ and cuts Japanese auto tariffs to 15%, reshaping defense and trade policy dynamics.
Broadcom delivers strong quarterly earnings beat with AI revenues soaring 63%, and forecasts robust Q4 sales amid enterprise investments in custom AI chips.
American Eagle stock surges sharply after successful marketing campaigns featuring celebrities, boosting customer growth and investor confidence.
Independence is crucial to the Federal Reserve’s mission, even while serving in public office.
— Stephen Miran, Trump’s Fed Nominee
Trump administration aggressively pursues tariffs and trade policies, including controversial proposals, Supreme Court appeals, and negotiations with key allies to reshape global trade.
UK faces transportation strikes and official data challenges, with tube workers planning walkouts amid disputes and retail sales data undergoing revision.
North Korean hackers intensify crypto sector attacks using fake job offers, raising security alarms for cryptocurrency firms globally.
Putin and Xi Jinping discuss significant infrastructure and strategic ties, including progress on gas pipelines, deepening Russia-China cooperation amid geopolitical shifts.
Ukraine repels intense Russian drone attacks and strikes enemy fuel facilities amid ongoing conflict, underscoring continued military engagement and escalating warfare.
Bitcoin and cryptocurrencies face volatility with price drops and bearish sentiment amid uncertain market conditions and regulatory scrutiny.
Amazon advances satellite broadband deployment with major airline partnerships promising high-speed inflight Wi-Fi services starting in 2027.
Fashion icon Giorgio Armani passes at 91, leaving behind a lasting legacy and a multibillion-dollar empire influencing modern style and luxury fashion.
U.S. job growth slows down with private sector adding fewer jobs than expected, signaling a cooling labor market and impacting market rate cut expectations.
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