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Markets rose on renewed bets for a December Fed rate cut: S&P 500 and Nasdaq climbed while the Dow surged, led by cyclicals even as Nvidia lagged. Volatility eased but investors remain cautious — big catalysts include AI chip competition, Fed signals and fresh drug-pricing policy.
Ukraine has signaled acceptance of core terms in a U.S.-brokered peace proposal while markets reacted to the prospect of reduced hostilities. The shift knocked oil prices lower as traders priced in less wartime demand risk.
$250 billion – Market value erased from Nvidia after Google chip reports.
Reports detail a U.S. envoy’s engagement with Russian officials and an explicit White House directive to meet Putin, raising questions about back-channel diplomacy. These developments spotlight private envoys shaping major foreign-policy moves.
Federal investigators are moving to interview lawmakers featured in a controversial video urging troops to refuse illegal orders. The Pentagon has separately targeted Sen. Mark Kelly for possible action tied to the same episode.
Best Buy Raises Outlook: Holiday Demand Holds
Best Buy lifted its sales and profit guidance as consumers upgrade tech for the holidays, signaling resilient retail spending during a cautious season.
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The race to replace the Fed chair is sharpening as Kevin Hassett emerges as a frontrunner, even as the Fed itself shows internal disagreement over the timing and size of rate cuts. Markets are watching both personnel and policy for signals on future monetary easing.
Nvidia and Google are escalating a chip rivalry as Meta explores shifting purchases, threatening to rewire AI infrastructure spending. The market punished Nvidia after fresh reports pointed to growing competition for GPU dominance.
Nutanix Misses Guidance — Cuts Forecast, Shares Dive
Nutanix missed quarterly estimates and trimmed full-year revenue outlook, prompting a sharp sell-off as investors balk at slowing enterprise software demand.
More on benzinga.com
Google’s Gemini 3 and custom chips have reignited investor interest in Alphabet and reshuffled AI leadership perceptions. Analysts say Gemini’s launch marks a meaningful shift in who controls key AI layers.
U.S. consumer sentiment slid sharply amid shutdown aftershocks and inflation worries, hitting indexes tied to holiday spending. Multiple surveys show Americans growing cautious as the holiday season begins.
Administration unveils negotiated Medicare drug prices and a review of refugee admissions; CFTC expands crypto oversight allowing regulated returns for prediction markets.
Dell’s AI server demand is reshaping its outlook — the company raised guidance on stronger shipments, even as recent quarters showed mixed top-line results. Investors are treating Dell as a bellwether for AI infrastructure health.
Alibaba’s leadership is pushing back on AI-bubble talk while its cloud arm struggles to meet surging demand for AI compute. China’s big cloud providers are racing to scale capacity as enterprise AI adoption accelerates.
AI is going everywhere, doing everything.
— Jensen Huang
Prediction-market startup Polymarket has secured regulatory clearance to resume U.S. operations under CFTC oversight. The decision marks a major regulatory milestone for crypto-native betting platforms.
Families of victims of the Oct. 7 attacks have filed suits accusing Binance of facilitating terrorist financing, escalating legal pressure on the exchange. The litigation adds to a wave of regulatory and civil actions targeting big crypto platforms.
Tests suggest ByHeart’s infant formula may be contaminated across product lots, prompting recalls and regulatory scrutiny. Health agencies and retailers are reassessing inventory as more results emerge.
HP is moving aggressively to reshape its workforce around AI, announcing large cuts and mixed guidance that dented the stock. The company’s restructuring highlights how legacy hardware firms are pivoting to AI while trimming labor costs.
The U.S. has announced negotiated prices for 15 drugs under Medicare’s program as officials push to rein in drug costs. The negotiations include steep discounts on some high-profile medicines, signaling a tougher stance on pharma pricing.
Brazil’s former president Jair Bolsonaro has been ordered to begin serving a multi-decade sentence tied to a coup plot, a major development in Latin American politics. The handover to federal custody marks a decisive turn in Bolsonaro’s legal saga.
AI demand is fueling a big rebound in Silicon Valley office leasing as firms race to secure space for engineers and compute hubs. Brokers report a multi-fold surge in active tenants and renewed development activity.
Global stocks climbed as traders grew more hopeful about Fed rate cuts, while safe-haven gold steadied amid mixed macro signals. Investors tracked tech leadership shifts and energy moves as catalysts for the session.
Warner Music and AI startup Suno reached a settlement that both compensates artists and opens collaboration paths for AI-generated music. The deal is being framed as a template for how labels and AI firms can coexist.
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