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Markets swung from record highs to risk‑off as AI names took a hit. The S&P 500 slipped, the Nasdaq underperformed amid tech losses, while the Dow held nearer its record as investors rotated into value. Volatility rose as bond yields edged up and headlines — Broadcom, Oracle, BOJ policy and geopolitical risks — set the tone.
Broadcom’s earnings and guidance stoked fresh AI valuation fears, triggering a sharp market reaction. The sell-off rippled across US equities as investors re-priced AI growth expectations.
11% – Intraday drop in Oracle shares, erasing roughly $25 billion from Larry Ellison’s net worth.
Oracle faces execution and timing questions after reports of OpenAI data-centre delays. The stock’s plunge erased billions from founder Larry Ellison’s fortune and deepened AI-selloff anxieties.
President Trump’s executive order seeks to pre-empt state AI rules and centralize enforcement in federal hands. The White House also directed the Justice Department to create a litigation force to challenge state laws.
Costco profits beat estimates as members hunt value
Costco topped quarterly profit expectations as price‑sensitive shoppers kept spending, showing resilience in retail and underpinning the consumer staples trade into the holidays.
More on financialpost.com
Disney struck a major strategic investment and licensing deal with OpenAI, betting $1 billion on generative AI for entertainment and fan content. The pact opens hundreds of iconic characters to AI tools and shifts industry dynamics.
OpenAI rolled out GPT‑5.2 in a fast-response to competitive pressure, aiming to sharpen accuracy and professional capabilities. The move escalates the model race between OpenAI, Google and other AI rivals.
Home Depot exposed internal systems for a year, researcher says
A security lapse left Home Depot’s backend repositories exposed for months, raising fresh questions about enterprise cloud security and potential operational and reputational costs.
More on techcrunch.com
Nvidia is weighing increased H200 production to meet surging Chinese demand while Taiwan accelerates sovereign AI capacity. The moves underline Asia’s race to secure AI compute and geopolitical technology autonomy.
EU ministers moved to lock Russian frozen assets to prevent vetoes from member states, as Brussels seeks funds to back Ukraine. Russia retaliated with lawsuits, escalating a legal and political battle over the assets.
President Trump’s executive order pre‑empts state AI laws and orders a federal litigation task force; EU ministers agreed to lock Russian frozen assets for Ukraine loans; US regulators cleared preliminary paths for crypto firms to open trust banks and the DTCC won tokenization no‑action relief.
European leaders plan urgent talks with Ukraine as Kyiv presses for support and fast-tracked EU entry. Officials will debate security guarantees and peace proposals amid intensifying diplomatic activity in Berlin.
Military strikes and geopolitical warnings marked a volatile day: a Ukrainian drone attack hit a major Russian refinery while Moscow signalled hardline responses. The incidents raise risks to energy flows and regional stability.
“We want to have one central source of approval for AI — one rulebook for the nation.”
— President Donald Trump
US regulators moved to permit crypto firms to form trust banks while major crypto players consider tokenizing equity after large fundraises. The steps mark a shift toward mainstream banking structures in digital assets.
The high-profile sentencing of a crypto founder capped years of fallout from one of the industry’s biggest collapses. The case underscores rising legal risks and regulatory scrutiny in crypto markets.
A major tenant pull hit Fermi’s flagship Texas data-center project, triggering a dramatic plunge in shares. The episode underlines financing fragility in the AI datacenter boom and contagion risk for specialised real estate plays.
Markets retraced after AI-related disappointments, with index volatility driven by chip and cloud names. Investors rotated toward value as bond yields rose and AI-expectation risk re-priced equities.
The Bank of Japan is poised to end its pause, with a rate hike expected that would mark a policy inflection. Markets are pricing higher short-term rates as global central banks adjust to inflation dynamics.
Divergent signals on inflation and labor markets have split Fed officials, complicating the path for further rate cuts. Disagreement centers on the pace of easing and the risk of re-accelerating inflation.
Creative-sector groups warned that Disney’s OpenAI deal threatens jobs and standards for writers and artists. The pact reignited a debate over IP control, compensation and ethical guardrails for AI content.
Clearinghouses and the DTCC moved to legitimise tokenised securities infrastructure, receiving regulatory relief and filing guidance. The steps aim to bridge legacy markets and blockchain rails for institutional use.
A high-stakes bidding contest over Warner Bros. signaled renewed consolidation in media, with cash-heavy suitors circling and shareholders weighing rival proposals. The battle tests financing pledges and antitrust contours.
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