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Markets are cautious after a shutdown-resolution surge: S&P 500 and Dow held modest gains while the Nasdaq lagged as tech names, led by Nvidia and AI-infrastructure stocks, pulled back. Volatility rose on SoftBank’s Nvidia exit, CoreWeave’s guidance cut and weak ADP jobs, leaving investors focused on delayed government data and earnings.
Lawmakers in the Senate voted to advance a bipartisan funding package that would end the record-long U.S. government shutdown and send the bill to the House. The deal clears a major legislative hurdle but leaves implementation details and political fallout for both parties.
6% – Share of flights expected to be canceled at 40 major U.S. airports as FAA enforces deeper cuts during the shutdown fallout.
Federal Aviation Administration (FAA) staffing and safety moves are triggering deeper cuts to flight schedules across major U.S. airports. Travelers should expect continuing cancellations and delays even as lawmakers scramble to reopen the government.
SoftBank has exited its Nvidia position to reallocate capital into other AI bets, a move that rattled markets and reignited debate about AI valuations. The sale pressured Nvidia shares and added to broader tech volatility.
Warren Buffett Endorses Greg Abel — Smooth Succession at Berkshire
In his farewell letter, Warren Buffett names Greg Abel as successor and urges shareholders to trust the transition, sending a clear signal of stability for Berkshire Hathaway’s future.
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CoreWeave cut guidance after supply and capacity delays, prompting a sharp market sell-off. Investors are reassessing AI-infrastructure risk as revenue growth meets rising interest and operational snags.
JPMorgan warns the AI data-center buildout will be a multi-trillion-dollar debt-market event, highlighting the scale of capital markets demand. Private investors and funds are already moving billions into large data-center projects to capture AI tailwinds.
Gemini Slumps After Missing Earnings — Shares Hit New Low
Gemini reported a big loss and missed expectations, sending its stock to an all-time low despite revenue growth — a blow to crypto-adjacent public listings.
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Private payroll measures show the U.S. labor market weakening, with weekly ADP data pointing to job losses. The reports add to concerns about growth and are feeding market caution ahead of delayed government data releases.
A nationwide recall of ByHeart baby formula expanded after authorities linked batches to infant botulism, prompting health warnings and supply disruption. Regulators and parents face urgent safety and supply questions as the outbreak grows.
Visa and Mastercard agreed to a $38bn swipe-fee settlement that will lower merchant fees and allow card rejections; Brazil’s central bank set new capital rules for crypto firms; IRS issued staking guidance for crypto ETPs.
A suicide bombing outside Islamabad’s court killed and injured multiple people, drawing immediate anti-terror investigations and regional tensions. Pakistani authorities blamed militant groups as international concern rose.
Nebius struck a multi-year deal to supply Meta with AI compute, a strategic win that bolstered the firm despite wider losses. The partnership underlines hyperscalers’ appetite for third-party AI infrastructure and its market impact.
There will be a reckoning around the $38 trillion national debt.
— David Solomon, CEO of Goldman Sachs
Tesla lost senior engineering leaders running its Cybertruck and Model Y programs, raising fresh questions about product execution and delivery timelines. The departures add to a string of high-profile exits at the EV maker.
Yann LeCun plans to leave Meta to found his own AI startup, a sign of continuing talent shifts in the field. Meanwhile, Anthropic says it is on a faster path to profitability than some rivals, intensifying competition in the AI landscape.
Visa and Mastercard reached a sweeping settlement to cut swipe fees and give merchants more flexibility—potentially reshaping card acceptance and retailer economics. Retailers are weighing whether to steer customers away from premium cards under the new terms.
Parker-Hannifin agreed to buy Filtration Group in a major industrial consolidation that investors rewarded with record-high shares. The deal expands the company’s filtration footprint and underscores strength in industrial M&A.
Energy markets reacted to the looming end of the government shutdown and dollar weakness, lifting crude and prompting safe-haven flows into gold. Traders priced improving demand expectations but remain sensitive to macro data due later this week.
Wendy’s will close hundreds of underperforming U.S. restaurants as the chain seeks to shore up margins ahead of the holidays. Hotel rental firm Sonder filed for bankruptcy after its licensing deal with Marriott collapsed, leaving guests stranded and lenders on alert.
Brazil’s central bank moved to tighten oversight of crypto businesses while the IRS issued guidance on staking for crypto ETPs, signaling faster regulatory normalization. The twin moves reduce legal uncertainty and set operational boundaries for digital-asset firms.
BBC executives resigned after a doctored edit of a Trump speech triggered political backlash and a threatened lawsuit. The scandal has roiled the outlet’s leadership and intensified cross-Atlantic tensions over media trust.
U.S. markets held on after an early rally tied to hopes of ending the shutdown, but tech weakness—led by Nvidia—dragged the Nasdaq. Investors are parsing mixed macro signals: a potential reopening, ADP weakness, and fresh AI-sector jitters.
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