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Markets trade cautiously into the holiday weekend: S&P 500 and Nasdaq are mixed while the Dow targets its best Thanksgiving week in years. Tech rally and AI reopening underpin gains, but volatility lingers as Fed-cut odds rise. Bitcoin’s rebound above $90k has added risk-on fuel; energy and defense names are acting as safety plays amid geopolitics.
A shooter who previously worked with U.S. agencies has been arrested after two National Guard members were shot near the White House. The attack has prompted urgent security reviews and raised questions about vetting and immigration pathways.
83 – Confirmed deaths in the Hong Kong high-rise fire.
A catastrophic high-rise blaze in Hong Kong has produced a rising death toll and mass insurance losses. Authorities and insurers are bracing for record claims while investigations into renovation works continue.
Diplomatic momentum on a U.S.-proposed Ukraine peace outline meets cautious responses from Moscow and Kyiv. Leaders signal readiness for talks even as strategic disagreements and battlefield dynamics persist.
Boohoo Jumps as All Brands Return to Profit
Online retailer Boohoo reports all brands back in profit, sending shares higher as management signals a sustainable earnings recovery.
More on wsj.com
Global markets show mixed trading as investors digest holiday flows and macro signals; Bitcoin rebounds above $90,000 amid risk-on sentiment. Equity benchmarks are volatile heading into the Thanksgiving weekend.
OpenAI confirmed a data exposure tied to a third-party analytics vendor and moved quickly to sever ties. The incident has triggered customer concerns and vendor reviews across the AI ecosystem.
Morgan Stanley Fined €101m by Dutch Prosecutors
Dutch authorities slapped Morgan Stanley with a €101 million fine for dividend tax evasion, adding legal costs and reputational strain to the bank’s European operations.
More on financialpost.com
New research and market warnings highlight the disruptive force of AI on jobs and asset valuations. Academics and hedge-fund chiefs disagree on timing, but both flag major economic and market implications.
South Korea’s largest crypto exchange suffered a major breach that triggered a platform halt and asset suspensions. Regulators and customers face fallout as withdrawals and services remain frozen.
U.S. moves: immediate immigration curbs and a DHS review of green cards for ‘countries of concern’; UK delays some sanctions on Lukoil and signals phased enforcement; OPEC+ plans to hold output, effectively pausing additional market intervention.
The U.S. immigration response to the DC shooting includes immediate policy moves and vetting reviews. Washington has ordered tighter curbs and a review of certain green cards, sparking legal and political debate.
U.S. regulators have opened inquiries into investment-bank disclosures tied to a collapsed auto-parts supplier. The probe could widen scrutiny of underwriting and disclosure practices across the sector.
“This was an act of terror.”
— President Donald Trump
Intel and Taiwan’s TSMC are locked in a legal and criminal standoff after allegations of leaked trade secrets. Authorities have conducted raids, escalating a high-stakes chip rivalry with potential supply-chain implications.
European dealmaking heats up as Deutsche Börse targets a wealth-tech platform in a multibillion-euro move. The talks mark consolidation in post-trade and fund-distribution infrastructure.
Major bank real estate bets underscore London’s pull for global finance as JPMorgan plans a new HQ and additional mega-office projects. The moves signal long-term corporate confidence in the city despite political uncertainty.
Campbell’s moved quickly after audio circulated of an executive making offensive comments, firing the official and triggering reputational damage. The episode spotlights governance and cultural risk at legacy consumer brands.
The UK budget raises taxes to tackle public finances and draws mixed ratings from markets and agencies. Policymakers defend the package as necessary while watchdogs flag execution risks.
Ottawa and Alberta struck an energy deal aiming to unlock pipeline capacity to the Pacific and include carbon-capture commitments. The pact faces scrutiny from indigenous groups and environmental analysts.
Europe’s space ambitions get a major funding lift as the European Space Agency secures a multi-year budget increase to accelerate missions and industrial investment. The boost aims to narrow gaps with US and Chinese programmes.
OPEC+ delegates signal a pause in reshuffling production as the group is expected to hold output steady into the new year. The stance aims to balance markets amid uncertain demand and geopolitical noise.
Japanese brewer Asahi disclosed that a ransomware attack exposed millions of customer records and dented profits, delaying results. The incident highlights rising cyber risk for consumer groups and supply chains.
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