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Markets traded nervously as the Supreme Court’s skepticism on Trump’s tariffs and a surprise jobs rebound muddied the outlook. The S&P 500 and Dow showed tentative gains while the Nasdaq lagged amid AI valuation worries; Treasury yields rose and volatility spiked, with energy and defensive sectors leading the rotation.
The Supreme Court is grilling the legality of President Trump’s sweeping tariff program. Oral arguments suggest justices are skeptical that emergency powers allow the president to bypass Congress on trade.
36 days — Length of the U.S. government shutdown, now the longest on record and costing roughly $15 billion per week.
The U.S. government shutdown has become the longest in history and is inflicting rising economic pain. Markets, travel and federal programs are feeling immediate strains as lawmakers spar.
A UPS cargo jet crash near Louisville has killed crew and disrupted a major logistics hub. The incident threatens short-term supply chain disruptions as the company and regulators respond.
Amgen surges on broad‑based beat — investors cheer obesity play
Amgen beat Q3 expectations and rallied as investors focus on its obesity pipeline, boosting confidence in diversified biotech winners.
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Ripple has closed a major funding round that signals institutional confidence in stablecoins and payments rails. The deal draws strategic Wall Street backers and cements Ripple’s expansion plans.
Prominent investors are betting against AI darlings as market skepticism grows. Big tech faces investor pushback over AI spending even as short sellers and contrarians pile on.
Pinterest plunges 20% after weak Q4 guidance — ad weakness bites
Pinterest warned Q4 revenue would miss estimates as retailers cope with tariffs, sparking a sharp sell‑off and investor concern over ad demand.
More on cnbc.com
Agentic shopping and autonomous browser agents are sparking legal fights with retailers. Amazon is escalating enforcement actions against startups that let AI act on users’ behalf.
Apple is lining up a multi‑hundred‑million dollar pact to run Siri on Google’s Gemini AI, marking a new era of cross‑company AI reliance. Sources signal the deal will reshape voice assistant competition.
France moved to suspend Shein’s online access pending product removals; Canada unveiled draft stablecoin rules in its budget; regulators and courts worldwide are sharpening scrutiny of AI, crypto and tariff policy.
Banks and market infrastructures are piloting tokenized collateral and urging regulators to modernize rules. Canada is also moving toward stablecoin legislation to bring issuers under formal supervision.
Unionized Starbucks baristas are preparing strikes that could hit a key holiday promotion. The labor standoff is escalating with authorization votes and strike dates looming.
“We’re making the United States the crypto capital of the world.”
— President Donald Trump
Private payroll data surprised to the upside, muddling the Fed outlook and moving markets. The dollar and equities reacted intraday to stronger‑than‑expected labor prints.
Cryptocurrency markets are volatile as big bitcoin moves and ETF flows reverse. Institutions and traders reassess positions amid sudden price swings and liquidity shifts.
Nvidia continues to expand global AI initiatives while backing India’s tech push. The chipmaker’s moves underline the strategic race to anchor AI ecosystems worldwide.
Canada’s budget and central bank shakeups signal a domestic policy pivot. The Bank of Canada is trimming staff as Ottawa recalibrates fiscal and monetary settings under a new administration.
France is escalating action against fast‑fashion platforms after illegal products were found. Government moves could reshape cross‑border online retail compliance in Europe.
Treasury and bond markets are jittery as legal and macro headlines shift rate‑cut expectations. Sell‑offs in Treasuries pushed yields higher after fresh signals of inflationary risks.
Warner Bros. Discovery is weighing a major strategic decision ahead of the holidays. The company could split, sell assets, or pursue a full sale — a choice that will reshape media M&A dynamics.
Heightened rhetoric on nuclear testing and recent missile activity raise geopolitical risk. Comments from Moscow and U.S. missile tests have amplified concerns about escalation.
Oil markets slipped after a surprise U.S. crude build, extending losses amid record production. The EIA inventory data pressured futures and kept energy markets on edge.
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