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Stocks rose headed into Thanksgiving as S&P 500, Nasdaq and Dow extended gains on growing Fed‑cut odds. Tech led the rally amid renewed AI enthusiasm, while energy and financials lagged; volatility dipped but crypto spiked, with bitcoin rallying above $90k on thinner liquidity.
A targeted attack in downtown Washington has left two National Guard members identified and raised questions about the shooter’s background. Reports link the suspect to prior U.S. military work in Afghanistan, heightening national‑security concerns.
11.7% – Share of U.S. jobs MIT finds could be replaced by AI.
Federal investigators have escalated the case, treating the Washington shooting as an act of terrorism while prosecutors prepare charges. Authorities are moving quickly to file intent‑to‑kill counts amid political fallout over immigration policy.
A massive blaze ripped through Hong Kong residential towers, leaving hundreds missing and triggering criminal probes. Officials have arrested construction staff as the death toll rises and rescue teams continue searching the wreckage.
Apple Reclaims Crown: Tops Samsung in Smartphone Shipments
Apple is projected to overtake Samsung as the world’s top smartphone seller for the first time since 2011, driven by iPhone 17 demand and robust global sales.
More on businessinsider.com
Investor Michael Burry and Nvidia have traded sharp public barbs as AI enthusiasm collides with bearish bets. The row underscores rising skepticism about chip valuations even as bulls argue buy‑the‑dip cases.
OpenAI confirmed a security incident tied to a third‑party analytics vendor, exposing API account names and triggering vendor reviews. The company has already severed ties with the analytics provider as scrutiny mounts.
Asahi Cyberattack Hits Profits, Delays Results
Asahi Group says a September ransomware attack hurt profits and forced a delay to financial results after data exposure and operational disruption.
More on asia.nikkei.com
South Korea’s largest crypto exchange halted withdrawals after $37 million in Solana assets moved to an external wallet. The breach has frozen customer access and prompted emergency security audits.
S&P downgraded Tether’s ability to hold its dollar peg, rattling stablecoin markets. Other banks and analysts are probing Tether’s reserves after large disclosed gold purchases raised transparency questions.
U.S. suspended Afghan immigration applications after the D.C. shooting; EU lawmakers agreed platform liability for financial scams; OPEC+ signals a likely output hold into early 2026.
Deutsche Börse has entered exclusive talks to acquire Allfunds in a deal that would reshape wealth‑tech distribution in Europe. Takeover interest underscores consolidation in fund platforms amid margin pressure.
The UK budget raises taxes sharply, aiming to shore up public finances and calm markets. Critics warn the measures may be politically risky and question whether promised growth will follow.
“It is an act of terrorism.”
— FBI Director Kash Patel
Diplomatic momentum on Ukraine intensified as new U.S.‑backed talks get underway and Moscow signals willingness to negotiate. The parallel developments leave many details unresolved but keep prospects for a deal alive.
Taiwanese authorities have stepped up probes into alleged trade‑secret leaks involving a former TSMC executive. Searches of senior executives’ homes underscore rising tensions in the semiconductor supply chain and legal risk for hires.
OPEC+ delegates signal the group will likely hold output steady into early 2026, tempering near‑term oil volatility. Markets are watching for any change to the voluntary cap mechanism that could alter supply balances.
New studies and reports highlight the scale of AI‑driven job displacement, with leading research estimating double‑digit percentages of roles at risk. The findings are sharpening policy and corporate planning debates about automation.
The European Space Agency secured a record budget to accelerate projects across science, launch and technology as EU states push to close gaps with the U.S. and China. The funding boost supports rocket subsidies and flagship missions.
Wall Street is parsing signs of softening labor markets even as equities rally on Fed cut hopes. Goldman warned of growing weakness while the Fed’s Beige Book logged sliding consumer spending heading into year‑end.
Hong Kong’s financial and property sectors face fallout from the deadly Tai Po fire, with insurers bracing for large claims and developers delaying launches. Markets and policy makers are assessing regulatory and safety consequences.
Brussels moved to hold large platforms liable for financial scams, tightening rules for tech firms operating in Europe. The move comes amid sharp friction with U.S. negotiators over the scope of tech regulation.
European banking and capital markets news saw big moves: a major Dutch fine hit Morgan Stanley while JPMorgan unveiled plans for a massive London HQ. The stories highlight regulatory enforcement and banks’ long‑term real‑estate plays.
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