U.S. indices climbed into Thanksgiving, with the S&P 500 and Nasdaq leading gains and the Dow rising alongside. The rally was driven by renewed AI momentum and growing odds of a December Fed rate cut; volatility eased but sector rotation remains active, tech outperforming while energy and financials lag amid mixed geopolitical cues.
A shooting near the White House has triggered a security surge in Washington, with officials moving to deploy more National Guard troops. The incident has immediate political and operational implications for federal security and downtown DC travel.
90,000 – Bitcoin retook the $90,000 level as crypto markets staged a sharp rebound.
A catastrophic high-rise fire in Hong Kong’s Tai Po district has produced large death and missing tolls, straining emergency services and raising fresh questions about building safety. The disaster compounds a downbeat day for the city amid property sector stress.
Leaked transcripts show U.S. envoy coaching a Kremlin aide on how Putin should pitch a Ukraine plan, intensifying scrutiny of back-channel diplomacy. Washington signals it will pursue a peace deal before finalizing security guarantees for Kyiv.
Amazon Spending Billions to Win Christmas – Shares Seen as Bargain
Amazon is accelerating AI and logistics investments ahead of the holiday season, positioning the company to capture market share as shoppers spend—an upbeat signal for retail and cloud businesses.
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The IMF and Ukraine clinched a staff-level agreement for a multi-year $8.2 billion program, a major lifeline amid war and reconstruction needs. The deal comes as Kyiv juggles funding gaps and ongoing security risks.
Equity markets rallied as traders pushed bets that the Fed will cut rates in December, extending a pre-holiday advance. Major banks revised forecasts, shifting positioning across rates and risk assets.
Sanofi Stock Tumbles After Paris Raid, Tax Probe
French authorities raided Sanofi’s Paris headquarters in a tax fraud probe, spooking investors and triggering a sharp share sell-off as regulatory scrutiny spreads across pharma.
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New analyses and company projections are spotlighting OpenAI’s massive funding needs even as the firm outlines aggressive subscriber targets. The debate around how to finance AI growth is becoming a core market question.
High-profile investors and critics are publicly clashing with Nvidia as debate over AI valuations intensifies. Short bets and public rebukes raise stakes for the company and broader semiconductor leadership narratives.
Major moves: U.S. negotiated price cuts for 15 Medicare drugs; UK budget raises £26bn via tax changes; Australia to cap high DTI home loans from February; U.S. de minimis tariff rule ended, hitting small importers.
S&P Global cut its assessment of Tether’s ability to maintain the USDT peg, citing risky asset exposure and disclosure gaps. The moves fuel fresh worries about stablecoin resilience amid volatile crypto markets.
HP announced a large workforce reduction tied to an AI-driven restructuring, signaling cost-cutting across legacy tech vendors. The moves underscore how AI adoption is reshaping corporate payrolls and guidance.
OpenAI’s expansion is no longer just a product wager—it’s an industrial-scale financing challenge.
— HSBC analyst
The U.S. Navy canceled the Constellation frigate program after cost and schedule overruns, reshaping shipbuilding priorities. Separately, Boeing secured a major $4.7 billion foreign military helicopter contract, highlighting defense spending shifts.
China’s property sector faces renewed strain as Vanke seeks bond payment extensions and Evergrande liquidators strengthen control of overseas assets. The developments extend pressure on developers and offshore creditors.
Chancellor Rachel Reeves unveiled tax rises and budget choices that aim to shore up public finances but risk political backlash. Independent forecasters flagged longer-term vulnerability despite short-term market relief.
Warner Bros reopened its sale process, pushing bidders to return with stronger offers and signaling a noisy M&A auction. The studio’s move could reshape media consolidation dynamics.
Cross-border trade shifts and tariff uncertainty are squeezing small overseas sellers ahead of the holiday season. Retailers and shoppers face potential price pressure and logistical hurdles as de minimis rules change.
Bitcoin staged a sharp rebound above $90,000 as institutional ETF flows and market positioning improved. Major crypto platforms are launching services to court wealthier TradFi clients amid renewed interest.
The administration announced negotiated price cuts for 15 high-cost drugs under Medicare, promising large savings for taxpayers and pressure on pharma margins. The move marks a significant policy shift in drug pricing.
Crude markets moved on renewed talk of a ceasefire in Ukraine and uneven supply signals, leaving oil choppy ahead of the holiday. Traders balanced geopolitical headlines with inventory data and demand forecasts.
Amazon doubled down on AI infrastructure with major investments and new sites, signaling a deep push into the cloud-AI stack. The company’s data-center footprint is expanding as it vies with hyperscalers for AI workloads.