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Markets turned sharply risk-off as tech and AI names led declines: S&P 500 and Nasdaq slipped below key moving averages while the Dow tumbled over 400 points. Volatility spiked, with AI-linked chips and crypto hardest hit; catalysts include Nvidia earnings, delayed jobs data and a bitcoin rout that fed ETF outflows.
A sharp selloff has ripped through crypto markets as bitcoin collapses from its October highs. ETF outflows and risk-off sentiment have accelerated the decline, dragging majors and altcoins to multi-month lows.
27% – Bitcoin’s slide from October’s all-time high, wiping out 2025 gains.
Institutional buyers doubled down even as prices fell, with Strategy buying hundreds of millions in bitcoin. Large accumulation by a flagship holder is adding another layer to market concentration and volatility.
Nvidia’s earnings report is set to be a market-defining event as investors reassess AI valuations. Markets are braced for guidance that could either calm or inflame an already jittery tech sector.
Vita Coco soars after tariff exemption
Vita Coco shares jumped after the coconut-water maker secured a major tariff exemption, lifting near-term margins and investor sentiment for packaged-beverage peers.
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Jeff Bezos is backing a deep-pocketed AI venture that signals renewed billionaires’ bets on next-gen AI. Reports show Project Prometheus has raised multibillion-dollar funding and will be led operationally by Bezos.
Databricks is in talks to raise capital at a sharply higher valuation, underscoring strong investor appetite for enterprise AI plays. Multiple reports suggest talks target a valuation above $130 billion.
Lucid stock tumbles to record low after Stifel cut
Lucid shares plunged to a new all-time low following analyst downgrades and concerns over capital needs, underscoring rising distress among smaller EV makers.
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Capitol Hill is set to move on Jeffrey Epstein files after a dramatic White House reversal. The dispute has roiled both parties and could force release of sensitive DOJ records.
On the eve of a high-profile state visit, the White House signalled approval for major defense sales to Riyadh. The move would mark a historic shift in Middle East arms exports and reopen sensitive strategic ties.
SEC scales back crypto exam emphasis for 2026 while the White House reviews rules to give the IRS greater access to crypto transaction data; UK plans to ban ticket resale above face value and Taiwan tightens dual‑use export controls.
The U.N. green-lit a U.S.-led stabilization plan for Gaza, a key diplomatic step after the recent truce. The resolution paves the way for a multinational security presence but leaves many operational details unresolved.
Diplomatic tensions between China and Japan escalated, with Beijing imposing travel bans and cancelling cultural events. The dispute has already dented tourism flows and hit Japan’s retail and travel stocks.
I’m deeply uncomfortable — a cadre of AI leaders should not be the ones deciding our future.
— Dario Amodei, CEO of Anthropic
Washington is scrambling to reduce dependence on China for critical rare-earth supplies, but officials warn solutions will take years. High-level talks have shown limited progress and supply strains are lifting prices.
Debate at the Fed intensified as some officials signalled support for a December rate cut even as minutes showed hawkish divisions. Markets are parsing every comment for clues on timing and sequencing of policy easing.
Global markets tumbled as risk-off sentiment spread from tech to commodities and crypto. The broad selloff erased recent gains and raised alarms over stretched AI valuations and crowded positioning.
Amazon tapped debt markets to fund an increase in AI and infrastructure spending, selling large US-dollar bonds. The deal underscores how big tech is financing massive capex for the AI arms race.
DoorDash confirmed a data breach caused by social-engineering and faced a legal settlement with Chicago. The incident highlights persistent cybersecurity and regulatory risks for gig-economy platforms.
Major corporate deals reshaped health and industrial sectors as J&J moved to buy an oncology player and private equity pursued large takeovers. The M&A wave reflects strategic consolidation in medicines and packaging.
U.S. regulators and the White House moved to recalibrate crypto oversight, shifting exam focus while expanding tax and reporting scrutiny. The moves signal an evolving regulatory regime that could reshape industry compliance.
Ukraine is accelerating a major air-force upgrade with plans to acquire dozens of Rafale jets from France. The potential procurement would reshape Kyiv’s long-term defense posture and supply planning.
AI industry leaders renewed calls for stricter guardrails even as tech firms race to scale compute. High-profile executives warned about concentration of power and urged clearer regulation to manage systemic risk.
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