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Markets swung sharply on mixed signals: the S&P 500 rose on hopes of a Fed rate cut while the Nasdaq and Dow lagged amid AI stock volatility. Nvidia earnings and chatter about easing chip exports to China drove tech swings, bitcoin’s selloff deepened risk aversion, and safe-haven flows lifted Treasuries as traders priced shifting Fed odds.
The U.S. has pushed a 28-point peace proposal for Ukraine that Moscow praises but Western allies and Kyiv view with deep scepticism. Pressure is mounting on President Zelensky as Washington sets deadlines and Kyiv weighs concessions against continued support.
104 – Number of drones Russia launched overnight in the latest assault.
Escalating drone strikes mark another night of heavy attacks between Russia and Ukraine, with Moscow and Kyiv reporting large UAV volleys and substantial interceptions. The intensifying drone warfare raises risks for civilian infrastructure and energy supplies.
Nvidia’s blowout results continue to roil markets even as investors parse whether earnings justify lofty AI valuations. Analysts warn policy shifts and export decisions could reshape revenue forecasts for chipmakers.
Nebius wins $200M AI cloud contract — shares surge
Fast-growing cloud startup Nebius landed a $200m multi-year AI infrastructure contract, sending its private-market valuation higher and signalling robust enterprise demand for AI compute services.
U.S. officials are reportedly considering easing export curbs to allow top-tier Nvidia chips to be sold to China, a move that could reshape the global AI supply chain. Internal White House discussions and Trump-era deliberations have surfaced in multiple leaks.
Cryptocurrency markets plunged in a savage week as bitcoin and altcoins tumbled, wiping out hundreds of billions in value. The rout has triggered liquidations, heightened volatility and calls for caution from institutional investors.
Regional retailer files for Chapter 11 as holiday sales evaporate
A mid‑market retail chain sought Chapter 11 protection after a sharper-than-expected holiday slump and mounting rent pressures, raising concerns for mall landlords and suppliers.
Eli Lilly raced into the trillion-dollar club as demand for GLP-1 drugs sent its market value soaring, reshaping the healthcare sector’s market structure. Investors are weighing whether the rally is durable amid policy and pricing scrutiny.
Rep. Marjorie Taylor Greene announced her resignation, triggering a swift political realignment within the GOP and attention on intra-party discipline. Her planned Jan. 5 exit raises questions about primary battles and House dynamics.
BLS canceled the October CPI release; FCC rescinded telecom cybersecurity rules; DOJ sued California over in‑state tuition for undocumented students; US officials are considering eased export curbs on advanced AI chips.
Former Brazilian president Jair Bolsonaro was arrested and is being held in police custody, a major development with domestic political and market implications. The detention could ripple through Brazil’s politics and investor confidence.
The G20 summit opened in Johannesburg amid a U.S.-Europe rift over Ukraine and a wider debate on global economic priorities. Host South Africa aims to steer the agenda toward developing-country concerns as leaders arrive.
No company will be unscathed if the AI boom collapses.
— Sundar Pichai, CEO of Alphabet
Key U.S. economic data shifted as the BLS canceled October CPI reporting, complicating Fed decision-making ahead of its December meeting. Market expectations swung after Fed officials signalled a possible near-term rate cut.
A major supply-chain hack exposed Salesforce-stored data for hundreds of companies via Gainsight, prompting alarm across enterprise tech. Salesforce has taken immediate steps to sever connections while investigations continue.
A container ship blaze at the Port of Los Angeles disrupted operations and highlighted supply-chain vulnerabilities ahead of the holiday surge. Authorities confirmed crew safety but terminal stoppages threaten cargo flow and shipping schedules.
SpaceX’s latest Starship upgrade suffered failures during ground testing, undercutting the company’s launch timetable and raising engineering questions. The incidents will push back development milestones for the next-gen heavy launcher.
The Justice Department sued California over in-state tuition and scholarship programs for undocumented students, escalating federal-state fights over immigration policy. The litigation signals broader legal clashes ahead on education and immigration.
Air travel chaos prompted a Department of Transportation campaign after regulators reported a surge in disruptive passenger incidents. The FAA disclosed a spike in in‑flight outbursts, pressuring airlines and airports to act before peak holiday travel.
Meta settled a long-running privacy suit and is quietly building an AI-driven energy strategy to secure the power it needs for compute. The twin moves show the company balancing legal risk with aggressive infrastructure bets.
Waymo won regulatory approval to expand its robotaxi footprint across the Bay Area and Sacramento while fresh Zeekr-built vehicles hit public roads. The approvals mark one of the largest robotaxi rollouts and test commercialization at scale.
Bidders including Netflix, Comcast and Paramount formally entered the race for Warner Bros. Discovery, triggering a high-stakes auction with regulatory and political risks. The bids could reshape media distribution but face antitrust scrutiny.
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