United States:

  • Google has launched a new quantum computing chip with 105 qubits, significantly advancing its computing capabilities, while also facing multiple investigations by the European Commission for advertising violations involving minors and a scrutiny over its payment processing practices by the US Consumer Financial Protection Bureau.
  • Tech stocks showed mixed performance with Nvidia under investigation and AMD facing stiff competition, while controversies and regulatory challenges mounted for Meta over its content moderation in Ethiopia, a secretive ads deal in Europe, and tax evasion allegations in Italy, alongside ByteDance's legal maneuver to block a law threatening TikTok's ownership.
  • Luigi Mangione was arrested and charged with the murder of UnitedHealth executive Brian Thompson, showing visible signs of nervousness during his arrest.
  • Oracle's fiscal Q2 earnings slightly exceeded EPS expectations but missed revenue forecasts, leading to a decline in share prices due to intense competition in the cloud sector and overall market reactions to the revenue shortfall.
  • MongoDB reported better-than-expected Q3 earnings with an EPS of $1.16, surpassing estimates of $0.69, and raised its fiscal 2025 outlook while projecting Q4 EPS between $0.62 and $0.65 on revenues of $515-$519 million.
  • Amazon has secured exclusive rights from Games Workshop for film and TV adaptations of the Warhammer 40,000 universe, plans to trial 15-minute grocery deliveries in India, and has partnered with Intuit to provide financial management services to sellers, while also facing new UK regulations requiring contributions to recycling costs.
  • C3.ai reported a narrower fiscal Q2 loss and higher revenue than expected, raised its FY revenue guidance due to strong demand for enterprise AI software, and saw its shares rise in after-hours trading.
  • Comcast is projected to lose over 100,000 broadband customers in Q4, while its stock price dropped after announcing the extension of its partnership with Warner Bros Discovery through a multi-year distribution deal, amidst a broader context of mixed performance in consumer stocks.
  • Nvidia Corporation China's State Administration for Market Regulation is investigating Nvidia for potential anti-monopoly law breaches, while Arthur J. Gallagher is set to acquire AssuredPartners for approximately $13.45 billion in an all-cash transaction.
  • Vail Resorts reported a wider fiscal Q1 loss despite higher revenue of $260.3M that exceeded expectations, raised its net income forecast for fiscal 2025, maintained its quarterly dividend, and saw its shares rise in premarket trading, although UBS predicts a decline in pass sales by year-end.

Europe and Asia:

  • Stellantis and CATL are investing 4.1 billion euros to establish a joint venture for a large-scale lithium iron phosphate battery plant in Spain, while Stellantis also plans significant investments in Italy, aiming to make it the second-largest auto producer in Europe by 2029.
  • Allianz has raised its financial targets for 2024-2027, aiming for an operating profit of 18.5 billion euros, 7-9% annual EPS growth, a return on equity of at least 17%, and plans to return at least three-quarters of its net profit to shareholders through dividends and share buybacks.
  • Canal+ has chosen London for its IPO while Ashtead Group plans to move its primary listing from London to New York, alongside cutting its fiscal 2025 guidance and announcing changes in its dividend and buyback plans.
  • GSK and Relation Therapeutics have entered into agreements to develop novel treatments for fibrotic diseases and osteoarthritis, involving an upfront payment of $45 million and potential milestone payments up to $200 million, while GSK also reported positive phase 3 trial results for its multiple myeloma treatment, Blenrep, showing a significant overall survival benefit.
  • TeamViewer has acquired 1E, a company specializing in automatic IT problem detection and resolution, for $720 million, aiming to enhance its enterprise business and expand its offerings in remote assistance and digital employee experience management.
  • TotalEnergies completed the acquisition of SapuraOMV Upstream assets and sold Middle East crude oil to Hengli Petrochemical, while INEOS plans to invest in a pioneering EU CO2 storage project off Denmark, amidst challenges from slow permitting processes in France affecting renewable energy investments, alongside a Moody's upgrade of TotalEnergies' senior unsecured ratings.
  • Nokia has extended its partnership with Iliad to support mobile networks across France, Italy, and other regions, while also launching a new 5G-compatible camera and experiencing a rise in share value following a JPMorgan upgrade.
  • China's disappointing economic data led to a decline in European stocks, while Moonpig Group PLC reported a half-year loss of £10.80 million despite a revenue of GBP 158 million, maintaining its annual guidance and announcing its first dividend.
  • JM, a Swedish real estate developer, has expanded its operations by acquiring building rights and land for new residential projects in Sweden and Finland, including a significant investment in Vaxholm for 40 million SEK.
  • EQT and KKR are vying to purchase Topcon, a Japanese ophthalmic equipment maker, while KKR also navigates tax challenges in its acquisition deal with Perpetual.
  • Macquarie Asset Management purchased a 40% stake in Dow's US Gulf Coast infrastructure assets for $2.4 billion, while the Bank of Canada is anticipated to cut interest rates by 50bps in December, with four additional 25bps reductions to follow.
  • BYD is set to surpass its 2024 sales goals as it concentrates on plug-in hybrid cars for its expansion into the European market.
  • Chinese beauty company Mao Geping had a successful IPO in Hong Kong, while JD.com's shares surged following an upgrade by Bernstein from market perform to outperform, along with a raised price target.
  • Reliance Industries Ltd India will mandate the use of locally manufactured solar cells in government projects starting June 2026, while Reliance Industries is seeking a loan of up to $3 billion to refinance debt maturing next year.
  • Sony Group shares reached a new record high for the first time in 24 years, fueled by optimism in its gaming and entertainment sectors.
  • Nippon Life, a Japanese insurer, is nearing the completion of a deal to acquire U.S.-based Resolution Life Group Holdings for approximately $8.2 billion.
  • Mitsubishi UFJ Financial Group, Inc Japan's megabanks are strategizing to utilize their surplus cash for global expansion.
  • The cast of Netflix's 'Squid Game' has revealed that the upcoming second season will be packed with unexpected twists.
  • The Government Investment Corporation (GIC) is contemplating the sale of its 50% stake in India's Greenko Energy to JPMorgan Chase.