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Markets turned cautious as AI-related jitters hit tech names: S&P 500 and Dow flirted with record territory while the Nasdaq underperformed after Broadcom and Oracle rocked sentiment. Volatility ticked up, with selling concentrated in chip and cloud suppliers. Investors tracked Fed divisions over rate cuts and a surge in Treasury yields, while energy and financials provided some support.
President Trump issued an executive order aimed at preempting state-level AI regulations, centralizing federal authority over AI rules. The moves set up immediate legal and political battles over federalism and tech oversight.
25B – Estimated one-day drop in Larry Ellison’s net worth after Oracle shares plunged.
The White House directed the attorney general to create an AI litigation task force while critics argue the executive order may be unlawful. Legal fights and consumer-group challenges are expected to follow rapidly.
Investors dumped Broadcom after earnings failed to quiet AI-growth concerns, extending angst across semiconductors. The selloff underscored mounting skepticism about the sustainability of the AI valuation trade.
Costco profits beat estimates as shoppers hunt for deals
Costco beat quarterly profit expectations as members ramped up holiday spending, reinforcing the warehouse club’s resilience amid consumer price sensitivity.
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Reports of delays to Oracle-built data centers for OpenAI rattled markets and knocked Oracle shares lower. Investors are fretting over execution risk at a key AI infrastructure supplier.
Disney committed $1 billion to OpenAI and licensed characters for AI-generated video tools, a major media-tech pivot. The deal raises industry questions about content control and monetization.
Oracle stock crash slashes $25B from Ellison’s net worth
Oracle shares plunged on execution worries tied to OpenAI data-center timelines, erasing an estimated $25 billion from founder Larry Ellison’s wealth and stoking broader AI-supply concerns.
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U.S. regulators granted conditional approvals for several crypto firms to start national trust banks, signaling mainstreaming of digital-asset players. The shift could reshape custody and payments infrastructure for crypto.
Do Kwon received a lengthy prison term after being convicted in one of crypto’s most notorious collapses. The sentence is a major milestone in U.S. enforcement against crypto fraud.
Trump signed an executive order preempting state AI regulations and directed the Justice Department to form an AI litigation task force; administration officials signaled moves to reclassify marijuana at the federal level, shifting enforcement and licensing regimes.
Tensions at sea rose after Iran seized a tanker in the Gulf of Oman amid broader maritime disputes. U.S. and allied actions to counter shadow-fleet smuggling around Venezuela are adding regional strain.
Washington intensified economic pressure on Caracas with sanctions and seizures targeting Maduro’s network. The moves aim to choke revenue streams and heighten diplomatic leverage.
“You’ll have plenty of jobs if you master these skills.”
— Jamie Dimon
The EU moved to keep Russian sovereign assets frozen indefinitely to bolster support for Ukraine, prompting legal retaliation from Moscow. The dispute escalates the political and judicial battle over frozen funds.
Federal Reserve officials signaled internal divisions after a recent rate cut as policymakers weigh inflation risks against a cooling labor market. The split raises uncertainty about the path for 2026 monetary policy.
U.S. indices wobbled as AI-related selling rippled through tech and futures fell after chip and cloud suppliers disappointed. Markets reassessed AI hype amid mixed macro signals and earnings noise.
The administration approved Nvidia chip sales to China, provoking bipartisan unease on Capitol Hill. Nvidia is also considering local production to meet surging H200 demand, underscoring global supply-chain complications.
Banks and lenders are racing to finance a data-center boom even as analysts warn of an oversupply risk. Market players fear a glut if demand and monetization lag projections.
Lululemon’s CEO announced his departure, prompting calls from the founder for board changes as the firm seeks a strategic reset. The leadership upheaval coincides with shareholder pressure and a challenging retail backdrop.
Interactive Brokers opened retail account funding via stablecoins, another sign of crypto plumbing entering brokerages. The move broadens deposit options and highlights growing institutional acceptance of stablecoins.
The DTCC received authorization to offer tokenization services, and regulators issued supportive no-action guidance, clearing a regulatory path for security token pilots. The developments mark a major step toward crypto-asset integration into mainstream capital markets.
Wealthfront priced and listed its IPO as the fintech market digests another robo-advisor debut. The offering tests investor appetite for retail-focused wealth platforms after a volatile year for fintech stocks.
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