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Markets paused between a tech-led rotation and risk-off moves after gold’s sharp reversal. The S&P 500 traded near flat, the Dow hit fresh highs on industrial and cyclical strength, while the Nasdaq lagged amid profit-taking in growth names. Key drivers: OpenAI’s Atlas launch, an AWS outage, Netflix’s earnings miss and a rapid unwind in precious metals.
The US federal shutdown has stretched into record territory, disrupting services and raising the risk of benefit delays. Lawmakers remain deadlocked as cash-strapped programs and federal pay questions intensify pressure on the economy.
6.3% – One-day plunge in gold, the biggest drop in 12 years.
Russia stepped up aerial and drone strikes on Ukraine, killing civilians and damaging infrastructure. Kyiv reports casualties and appeals for more Western support as attacks threaten winter resilience.
Plans for a Trump-Putin summit have been paused, fueling diplomatic uncertainty around Ukraine and global security. Officials on both sides play down immediate talks while back-channel activity continues.
Adidas Raises Guidance as Sales Surprise
Adidas lifted its outlook after reporting stronger sales and margin improvement, a rare bright spot for consumer names facing softer demand in North America.
More on finance.yahoo.com
OpenAI launched its ChatGPT Atlas browser, moving the AI race directly into users’ web experience. The release intensifies competition with Google and raises questions about search, privacy and ad revenue models.
Warner Bros. Discovery told markets it is exploring strategic options after unsolicited interest, triggering takeover speculation. The move could reshape the media landscape and prompt bidding from streaming and studio rivals.
Amazon Seeks Automation to Replace 600,000 Jobs
Amazon’s internal plan to substitute hundreds of thousands of roles with robots has reignited concerns about mass job displacement and drew sharp political and labor scrutiny.
More on cnet.com
A major AWS outage exposed how dependent businesses and public services are on a single cloud provider. Governments and firms are weighing costs as disruptions highlight systemic risks in internet infrastructure.
Netflix reported a rare earnings miss that it attributed to a tax dispute in Brazil even as revenue rose. Investors parsed a mixed quarter: strong top-line growth but margin pressure and cautious guidance.
U.S. hikes H‑1B visa fees and tightens hiring rules; India proposes strict deepfake labelling for online content; EU advances a Chips Act update for early 2026 — all reshaping tech, trade and labor rules.
Gold’s feverish rally reversed abruptly with one of the largest one-day selloffs in years, jolting miners and ETFs. Traders say profit-taking and a rotation into risk assets drove the swift unwind.
Meta and private-credit manager Blue Owl agreed a landmark financing joint venture to fund a massive AI data center campus. The deal highlights the scale of private capital backing for AI infrastructure.
“We’re reinventing the web — the browser becomes the AI.”
— Sam Altman, OpenAI
Japan’s conservatives installed Sanae Takaichi as prime minister, shifting policy toward reflation and a stronger security posture. Markets reacted to promises of stimulus and higher defence spending.
Novo Nordisk’s board upheaval culminated in multiple resignations after a governance clash with the controlling shareholder. The shake-up raises questions about strategy and the future focus on U.S. consumers.
Tesla faces a pivotal earnings print while recalling nearly 13,000 vehicles on safety grounds. Investors weigh growth expectations against quality controls and regulatory scrutiny.
Auto makers are juggling regulatory headaches and tariff relief as Ford issues a massive recall. GM raised its outlook as tariff pressures eased, underscoring the uneven recovery in the sector.
Central banks are sending mixed signals as emerging-market and developed economies grapple with inflation and growth. Indonesia surprised markets by holding rates while economists expect BOJ tightening later this year.
Trade and strategic mineral policy are climbing political agendas as tensions over rare-earths intensify. Brussels pressed Beijing for an urgent resolution even as the U.S. signs a new rare-earths pact with Australia.
Prominent AI researchers, business leaders and public figures ramped up calls to slow or pause development of superintelligence. The debate adds regulatory and ethical urgency as tech firms race to scale AI capabilities.
Anthropic is in advanced talks with Google about a massive cloud deal to fuel model training and scaling. The potential pact underscores how AI startups are negotiating multibillion-dollar infrastructure arrangements with hyperscalers.
The U.S. has formalised a $20bn stabilization package for Argentina as Washington steps in to calm markets. The Biden-era bailout-style intervention raises domestic debate about costs and geopolitical calculation.
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