[ad_1]
Stocks rallied on renewed Fed‑cut hopes even as Nvidia lagged after renewed Google chip momentum. The S&P 500 rose on rotation into cyclicals, the Nasdaq was mixed with tech weakness offset by gains in retail and AI services, and the Dow led with heavyweight industrials; volatility eased but headline risk from geopolitics and earnings remains.
Ukraine has signaled acceptance of core terms in a U.S.-brokered peace proposal while fighting continues on the ground. Moscow launched strikes on Kyiv even as discussions advance, keeping markets and defence sectors on alert.
1.25 trillion TWD ($40 billion) – Taiwan’s proposed supplementary defence budget for 2026‑33.
Reports that Meta is in talks to buy Google’s AI chips have escalated a monthslong rivalry over AI infrastructure. Markets punished Nvidia as investors weigh the threat to its GPU dominance.
Nvidia pushed back publicly after a volley of negative headlines about a rising rival chip ecosystem. The company and CEO defended the firm’s generational lead in GPUs as analysts parse market share risk.
Best Buy Raises Outlook as Holiday Tech Demand Holds
Best Buy lifted its outlook as shoppers spend on tech upgrades, signaling resilient consumer electronics demand heading into the holiday season and bolstering retail sector sentiment.
More on theglobeandmail.com
Polymarket has secured regulatory approvals to resume a regulated U.S. business model, marking a test case for prediction markets. The CFTC’s amended designation opens a pathway for regulated, intermediated access.
Families of victims from the Oct. 7 attacks have filed lawsuits accusing Binance of facilitating payments tied to terrorism. Multiple legal actions expand scrutiny of major crypto exchanges and their compliance programs.
Nutanix Misses Earnings — Cuts FY26 Guidance, Shares Dive
Nutanix missed quarterly estimates and trimmed full‑year revenue guidance, triggering a sharp selloff as investors reassess AI-related enterprise spending and software billing risks.
More on benzinga.com
OpenAI projects aggressive paid-user targets as it pivots to monetisation. The 2030 subscriber goal signals how competition and scale will shape AI platform economics.
China-backed open AI models are gaining global traction, narrowing the lead held by U.S. developers. Academic and industry download data show a material shift in model adoption worldwide.
U.S. regulators modified bank capital standards to encourage lending while the CFTC expands crypto oversight through an innovation council; UK budget pledges raise prospect of tax and wage changes; Canada paused mandatory climate disclosure work indefinitely.
HP announced a major cost-cutting and AI adoption plan that will eliminate thousands of roles over several years. The company posted mixed results and flagged weaker near-term profit expectations, rattling investors.
Consumer sentiment is weakening ahead of the holidays, with surveys showing falls in confidence across jobs and inflation concerns. Slower household demand could blunt retailers’ seasonal sales momentum.
Nvidia is a generation ahead of the industry.
— Jensen Huang, Nvidia CEO
Chancellor Rachel Reeves faces a high-stakes Budget that aims to tackle the cost-of-living crisis while holding investor confidence. Markets and voters will test whether tax rises and spending shifts are politically sustainable.
Taiwan’s president proposed a substantial supplementary defence budget to deter Chinese pressure. The long-term funding plan underscores heightened cross‑strait tensions and regional security recalibration.
Russia reported intercepting dozens of Ukrainian drones overnight, signalling persistent escalation along the border. The flurry of air-defence activity adds volatility to regional security and energy markets.
U.S. federal regulators altered bank capital standards to encourage lending, while the CFTC is recruiting industry chiefs for a crypto innovation council. The moves indicate a shifting regulatory stance toward growth and crypto oversight.
Oil prices fell on signs a Ukraine peace path could reduce wartime risk premia and on bearish long-term forecasts. Traders and analysts differ on whether the drop is cyclical or structural.
Brookfield and Singapore’s GIC moved to buy National Storage in a large private-equity play for U.S. real-assets. A competing offer elevated takeover dynamics in the REIT sector ahead of a possible auction.
Federal investigators have begun seeking interviews with lawmakers tied to a video urging troops to refuse illegal orders. The probe and Pentagon actions targeting Senator Mark Kelly have widened political and legal stakes.
A settlement and regulatory limits address antitrust concerns over rent‑pricing software used by landlords. The deal seeks to curb opaque algorithmic information sharing that prosecutors said inflated rents.
Lab tests raised the prospect that all lots of ByHeart infant formula could be contaminated, prompting widespread public‑health concern. Regulators and parents are watching recall and testing developments closely.
[ad_2]