WORLD
Marjorie Taylor Greene to resign from Congress after Trump feud
Greene was among the Republicans who led the legislative effort to compel the Justice Department to release the files of sex trafficker Jeffrey Epstein.
BUSINESS
Bill Ackman prepares for 2026 Pershing Square IPO: Report
Bill Ackman, 59, made a name for himself as an activist investor with an outsize presence on social media and a willingness to take concentrated positions in a relatively small roster of stocks
BUSINESS
Oracle slump sends Larry Ellison sliding down ranks of world’s richest
Oracle’s swoon has vaulted Alphabet Inc. co-founder Larry Page past Ellison and into the number two spot on the Bloomberg Billionaires Index for the first time.
BUSINESS
Trump team internally floats idea of selling Nvidia H200 chips to China
Donald Trump had previously floated the possibility of discussing exports of Nvidia’s most advanced chips with Chinese leader Xi Jinping.
BUSINESS
Tesla sued over another fatal crash in growing scrutiny of doors
The lawsuit comes weeks after one was filed against Tesla in Wisconsin over a Model S crash that killed five occupants who allegedly became trapped in a fast-moving inferno when the doors wouldn’t open
BUSINESS
European stocks suffer worst week since August as ASML falls
The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%.
BUSINESS
Lula stares down Trump and scores tariff victory for Brazil
For now, at least, Lula appears to have triumphed without making any major concessions, a feat few others have managed.
BUSINESS
Traders search for clues behind biggest S&P reversal since April
Some traders pointed to resurfacing concern around whether artificial-intelligence projects are generating enough revenue or profits to justify the massive spending on the technology.
CRYPTOCURRENCY
Bitcoin heading for worst month since crypto collapse of 2022
Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022
BUSINESS
China flags off $1.4 billion revamp work on Mao-Era African rail
The line will compete with another — the Lobito Corridor — backed by the US and the European Union, which links the same copper-producing region of Zambia to an Atlantic port on Africa’s west coast
BUSINESS
Intel CEO dismisses concerns about new hire bringing TSMC’s tech
Now valued at more than $1.15 trillion, TSMC has become the undisputed global leader in contract chipmaking, surpassing semiconductor pioneer Intel.
BUSINESS
Japan approves $135 billion stimulus to mitigate inflation pain
Among other measures to counter inflation, about ¥1 trillion was set aside to abolish the gasoline tax, a measure first proposed by opposition parties including the Liberal Democratic Party’s new junior coalition partner Ishin
WORLD
Russian tanker idles near Venezuela after US warship enters path
The Russian vessel, the Seahorse, was en route to Venezuela to deliver a fuel cargo on Nov. 13 when a US destroyer, the USS Stockdale, positioned itself in its path
BUSINESS
‘Baby Shark’ creator’s 62% wipeout sinks stock below IPO price
Pinkfong’s IPO had raised a modest 76 billion won ($53 million), though the debut drew intense interest as investor orders exceeded available shares more than 600 times
BUSINESS
US stocks see big reversal as Nvidia, Bitcoin crushed
Investors remained unsure about the Fed’s scope for policy easing after a mixed — and stale — jobs report. That’s not to mention the continued raft of Fed speakers showing apprehension about further rate cuts.
BUSINESS
Gold set for small weekly decline as rate-cut prospects dwindle
Bullion fell to around $4,065 an ounce on Friday, down about 0.5% for the week
BUSINESS
Traders search for clues behind biggest S&P reversal since April
The S&P 500 has now declined more than 5% from its October record and has fallen below its 100-day moving average for the first time since February.
WORLD
Fed fractures deepen as Michael Barr signals inflation concern
The Fed is, after a long government shutdown, finally receiving new official data, but so far it hasn’t done much to resolve the division among policymakers
BUSINESS
Nvidia downplays bubble fears, though post-earnings rally fades
Nvidia’s third-quarter results also topped analysts’ estimates. Revenue rose 62% to $57 billion in the period, which ended Oct. 26.
BUSINESS
Walmart jumps to Nasdaq in biggest exchange transfer on record
Nasdaq said last year that some 40 members of the S&P 500 have migrated, with 24 of those companies now in the Nasdaq-100 index.
BUSINESS
OpenAI era pushes old-school stock analysts into private markets
Expanding private-asset research comes with challenges, from taking on industry incumbents to figuring out how to monetize insights.
CRYPTOCURRENCY
Crypto world wipes out $1 trillion as Bitcoin plunges anew
The next psychological thresholds lie around $85,000 and $80,000, with the 2025 trough of $74,425 — set during April’s tariff related turbulence — in focus
BUSINESS
Billionaire Muthoot family turns India’s gold obsession into a fortune
Their family-run firm that’s doled out gold loans for almost nine decades is on a roll as consumers take advantage of surging bullion prices to swap jewelry for short-term cash
BUSINESS
Billionaire-backed IndusInd Bank plans sweeping overhaul after probe
IndusInd’s shares have dropped about 12% this year, compared with a 9% rise in the S&P BSE Sensex Index
