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Markets finished a volatile week with a rebound Friday but lingering unease. The S&P 500 and Dow recovered from midweek losses while the Nasdaq remains more volatile amid tech and AI swings. Chipmakers led the bounce as investors reassessed rate‑cut odds and ETF outflows in crypto added pressure to risk assets.
The White House has circulated a 28-point Ukraine peace proposal that is prompting urgent diplomatic talks. Washington has convened allies in Geneva to wrestle over terms as Kyiv faces mounting pressure.
1.2B – Weekly outflows from spot Bitcoin ETFs, the third-largest withdrawal in 22 months.
Ukraine is racing to formulate a response to the U.S. proposal while confronting internal problems. President Zelenskyy ordered a defence-industry audit after corruption allegations surfaced.
Violence flared in Gaza despite a fragile ceasefire, leaving dozens dead and dozens wounded. Hamas and mediators are trading denials as the situation remains volatile.
Microsoft raises Azure guidance after winning major government cloud deal
Microsoft reported an outsized Azure contract with a major government client and lifted guidance for cloud services, sending shares higher and validating its enterprise AI strategy.
Crypto products and trading venues are adapting as bitcoin volatility bites. Spot ETF outflows and new exchange trading hours signal stress and product evolution in digital assets.
Nvidia’s earnings dwarfed expectations but left investors nervous about an AI bubble. Management warns the company is trapped between stellar demand and market skepticism.
National discount retailer files Chapter 11 as holiday sales collapse
A large value‑oriented retail chain filed for Chapter 11 after an abrupt sales slump, triggering a severe share plunge and putting hundreds of stores and suppliers at risk.
Alphabet’s stock hit record highs as its Gemini rollout reshapes the AI competitive map. Investors are pricing Google as a top AI beneficiary after recent product gains.
Eli Lilly’s surge into the GLP-1 market has propelled it into the $1 trillion club. The drugmaker’s rise highlights a broader investor frenzy around obesity and diabetes therapies.
New IRS brokerage reporting for crypto takes effect in 2025; U.S. tariff cut to 15% for Switzerland may start in December; White House paused a draft EO to preempt state AI laws after bipartisan backlash.
Bill Ackman is planning a high-profile move to take his firm public, signalling a shift for activist managers. Reports suggest a dual offering of Pershing Square and a separate fund as early as next year.
SpaceX suffered a major test setback with its new Super Heavy booster, prompting an internal inquiry. The company is investigating an anomaly and damage sustained in ground testing.
We’ve been pushed into a no‑win situation by the chatter about an AI bubble — yet the demand hasn’t slowed.
— Jensen Huang, Nvidia CEO
Brazilian authorities moved against former president Jair Bolsonaro amid allegations of an escape plot. Arrests mark a dramatic escalation in accountability for ex-leaders in the region.
Marjorie Taylor Greene’s sudden resignation is roiling Republican ranks and exposing intra‑GOP fractures. Her departure follows a public falling-out with former allies and Trump allies’ backlash.
Health officials confirmed a fatal human H5N5 case in Washington state, triggering investigations and surveillance. The development raises public‑health concerns though officials say public risk remains low.
COP30 concluded without a concrete roadmap to phase out fossil fuels, exposing rifts between wealthy and oil-producing nations. Negotiations stalled on finance and fossil‑fuel language as talks ran into overtime.
Tyson Foods is shutting major beef facilities as the company grapples with heavy losses in beef operations. Closures will disrupt supply chains and strain regional cattle markets.
High‑profile hacks and smart‑contract front‑end attacks are again spotlighting financial system vulnerabilities. Universities and DeFi platforms urged users to take emergency precautions.
A military and civilian aviation tally: the U.S. Navy is seeking to recover downed hardware from the South China Sea while an airshow crash killed a pilot. The incidents raise fresh safety and geopolitical questions.
Government gridlock disrupted key economic data releases while markets rapidly shifted their Fed expectations. The shutdown delayed CPI figures even as investors priced a higher chance of a December cut.
Global markets ended a turbulent week as AI-driven swings rippled across Asia and the U.S. Investors are bracing for continued volatility as tech and chip names remain focal points.
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