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Markets rallied on renewed AI enthusiasm and rising odds of a December Fed cut; the S&P 500 and Nasdaq led gains while the Dow lagged as defensive names underperformed. Tech and chip stocks drove the move, gold and Treasuries saw mixed reactions, and catalysts include Fed data due this week and big‑tech chip deal headlines.
Google and Meta are discussing deals that could reshape the AI chip market, triggering knock-on effects for Nvidia and AMD. Markets reacted as investors priced in a broader competitive landscape for datacenter inference chips.
81% – Market-implied odds of a December Fed rate cut.
Alphabet’s AI push has driven a sharp rally in its shares, bringing the company closer to a $4 trillion valuation. Investors are reassessing Big Tech leadership as AI monetization accelerates.
Amazon is committing massive capital to build AI and supercomputing capacity for U.S. government clients. The announcement rippled through tech and crypto markets, lifting risk assets tied to infrastructure demand.
EasyJet posts stronger profits as package holidays lift demand
easyJet raised profit guidance after package holiday sales and cost-saving measures boosted performance, signaling resilience in European leisure travel ahead of peak season.
More on theguardian.com
Ukraine reported a large-scale overnight Russian drone and missile barrage, heightening military pressure on Kyiv. Diplomats say Washington and Kyiv are revising a contentious peace framework amid intense international scrutiny.
Russian strikes hit Kyiv again, causing casualties and fueling tensions across Europe. Ukrainian leaders warn the diplomatic moment is critical as allies weigh concessions and military support.
BlackRock’s iShares bitcoin fund suffers record exodus
BlackRock’s flagship bitcoin ETF saw record outflows in November, underscoring investor retreat from spot BTC products amid volatile macro and crypto-specific selling pressure.
More on cnbc.com
Markets are nervy ahead of a rare December Federal Reserve meeting, with strategists debating the odds of a policy pivot. Internal Fed dynamics suggest a pathway to a cut but execution remains uncertain.
Novo Nordisk’s hopes of extending GLP-1 drugs into Alzheimer’s treatment were dashed by failed trials, triggering steep share declines. The setback recalibrates growth expectations for obesity and diabetes franchises.
EU launches AI whistleblower tool ahead of legal protections under the AI Act; US issues the ‘Genesis Mission’ EO to centralize federal AI data use and procurement. Japan and other regulators are tightening crypto-reserve and exchange oversight.
Revolut completed a large secondary share sale that pushed its private valuation higher, underscoring investor appetite for fintech scale. The raise signals confidence in growth despite broader startup funding headwinds.
U.S. cybersecurity authorities warn that sophisticated spyware is bypassing messaging encryption to target high-value users. Agencies urge urgent patches and defensive measures as zero-click exploits spread.
When people see it, they say, ‘that’s it?… It’s so simple.’
— Sam Altman, OpenAI CEO
X’s new location features have exposed commercial incentives and foreign-based accounts amplifying U.S. political content. The rollout reignited debate over platform transparency and coordinated inauthentic behaviour.
TSMC has launched legal action alleging trade-secret theft linked to a senior executive, escalating talent and IP tensions in the chip race. The suits highlight the industry’s fragility as companies scramble to protect advanced node know‑how.
Amazon is pushing engineers onto its internal AI coding assistant to centralize development and reduce external dependencies. The internal memo and mandate mark a strategic bet on proprietary tooling to ramp AI output.
Anthropic released Opus 4.5, positioning the company to capture coding and agent markets with improved productivity claims. The model’s performance on internal exams is being used to woo enterprise customers.
New crypto ETFs and launches are reshaping flows: memecoin DOGE had a muted debut while XRP-linked funds attracted sizable inflows. The ETF wave is redirecting capital within crypto markets and altering liquidity dynamics.
Tech stocks and chipmakers led a market rebound as AI optimism and rate‑cut expectations returned. Investors are rotating into megacap AI plays even as volatility lingers and defensive sectors pull back.
Boeing and NASA scaled back human flights on the Starliner after a troubled mission, opting for cargo-only launches to restore confidence. The stepback underscores ongoing safety and reliability challenges in commercial crew programs.
The U.S. quietly held and joined diplomatic talks in Abu Dhabi to explore pathways for ending the Russia‑Ukraine war. The meetings reflect an intensified push to reconcile differences as military and political pressures mount.
A federal judge dismissed high-profile indictments tied to the Trump administration’s prosecutorial picks, citing an illegal appointment. The rulings are a major blow to the Justice Department’s recent strategy and reshape the political landscape.
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