[ad_1]
Global markets slid as Fed rate‑cut bets faded: the S&P 500 and Nasdaq retreated while the Dow tumbled roughly 800 points. Volatility spiked, led by AI and large‑cap tech losses; bond yields rose on fiscal uncertainty in the UK and stronger-than-expected data in pockets. Key catalysts: Fed speak, weak China prints, and heavy crypto ETF outflows.
Markets are pricing out a December Fed rate cut as officials signal caution. Investors reacted sharply, driving global equities lower and elevating volatility across bond and risk markets.
$869M – Single‑day outflow from spot bitcoin ETFs, the second‑largest on record.
Technology stocks led a global sell-off after AI valuations came under scrutiny. Heavy losses in AI leaders piled pressure on broader indices and triggered risk-off flows into bonds and cash.
China’s economy showed fresh signs of strain with weak factory output and a worsening property slump. The data undercuts global growth hopes and adds pressure on commodity and export-linked markets.
Manulife Shares Spike on Bold Asia Expansion Strategy
Manulife surged after unveiling a strategy to expand in Asia and diversify revenue, lifting shares to fresh highs and signalling investor faith in growth execution.
More on theglobeandmail.com
Kiev was struck in overnight strikes that left civilians dead and wounded, while Kyiv also targeted Russian Black Sea oil infrastructure. The exchanges escalate energy risks and raise geopolitical tensions.
Anthropic says state-linked actors weaponized its AI tools to target dozens of organisations. The incidents spotlight a new class of AI-enabled cyber threats and force urgent vendor and regulator scrutiny.
Northland Power Plunges After Shock Dividend Cut
Northland Power sank after slashing its dividend by 40% and reporting a widened quarterly loss, inflicting heavy losses on yield‑seeking investors.
More on theglobeandmail.com
U.S. cloud and AI players are backing curbs on high-end chip exports to China while industry lobbies push competing policy. The dispute highlights rising tension over semiconductor access and national security.
Crypto funds saw heavy withdrawals as BTC prices slid below key levels. Spot ETF outflows and liquidation pressure deepened the rout across major tokens.
Markets face fresh policy shifts: the EU is fast‑tracking duties on low‑value Chinese parcels and signalling a slower, more lenient AI Act rollout; US lawmakers are debating tighter export controls on advanced AI chips (GAIN Act proposals). The IRS also raised 401(k)/IRA contribution limits for 2026.
UK fiscal U-turn talk and budget uncertainty sent gilt yields sharply higher and sterling weaker. Markets reevaluated borrowing costs as tax plans were reportedly shelved.
BlackRock and Spanish partners moved to scale data-centre capacity in Europe with multi-billion euro deals. The tie-ups underscore investors’ push into AI infrastructure and long-term digital real estate.
The AI bubble will ‘end in tears’ and credit ‘cockroaches’ abound.
— Mohamed El‑Erian
Blue Origin completed a high‑profile flight and recovered its booster, marking a milestone in reusable heavy‑lift rocketry. The success reopens competition with incumbents in commercial space.
EU ministers moved to curb cheap Chinese parcels via new duties, aiming to protect local retailers. The measures signal growing protectionist responses to global e‑commerce shifts.
Energy markets jumped after reports of damage to Russian oil infrastructure and with winter demand rising. Oil rallied on supply risk and dollar weakness amid broader risk moves.
Siemens Energy reported robust demand for gas turbines driven partly by AI and data‑center power needs, lifting the stock after an optimistic outlook. The results reflect industrial lift from infrastructure spending.
The US government reopened but a data blackout from the shutdown will cloud economic readings. Analysts warn the ‘data fog’ could obscure Fed decisions and market signals for weeks.
Unionised Starbucks workers staged coordinated strikes across dozens of U.S. stores, testing momentum in retail labor organising ahead of the holiday rush. The action highlights renewed worker leverage in service sectors.
Verizon prepared sweeping job cuts as the telecom overhauled under new leadership. The planned reductions represent one of the largest U.S. corporate layoffs in tech and telecom this year.
A federal judge allowed X’s antitrust-style suit to survive initial dismissal attempts against Apple and OpenAI. The rulings open a legal battle over competition in emerging AI and app markets.
OpenAI rolled out GPT‑5.1 with new modes and faster prompt caching, aiming to sharpen performance for enterprise and API users. The release intensifies competition among advanced LLM providers.
[ad_2]