Market Snapshot
S&P 500 futures (ESmain) –0.05% at 6,664
Nasdaq 100 futures (NQmain) –0.06%
Dow futures (YMmain) +0.06% (+27 pts)
SPY –0.14% | QQQ –0.08%
Investors are holding steady ahead of the Fed’s rate decision and updated economic projections later today.
Top News
TikTok Ownership Deal Finalized
US and China agreed on a restructuring framework
Oracle, Silver Lake, and Andreessen Horowitz will control 80% of TikTok’s US operations
ByteDance to retain <20% stake; algorithm licensed from ByteDance
Data will be processed by Oracle in Texas
Enforcement delay extended until Dec 16, 2025
Microsoft Expands UK Investment
To invest £22B (~$30B) in data centers, supercomputers, AI labs, gaming
Separate from Stargate project with OpenAI
UK set to host its largest supercomputer
Alibaba Accelerates AI Chip Push
Secured China Unicom as major client
AI accelerators to power new data center in NW China
Reinforces competition with Huawei’s Ascend series
UK Steel Talks Stall
UK pauses push for 0% tariff on steel exports to the US
Crypto Update
Bitcoin: $116,313 (–0.46%)
Ethereum: $4,488 (–0.7%)
US & UK to deepen crypto oversight collaboration
Binance in talks with DOJ to drop compliance monitor from 2023 plea deal
Market Events to Watch
08:30 AM ET: Building Permits, Housing Starts
02:00 PM ET: Fed Interest Rate Decision & Economic Projections
02:30 PM ET: Powell Press Conference
Earnings Watch
Before Market: General Mills (GIS) – revenue est. $4.52B (–6.9% YoY), EPS $0.847 (–17.8% YoY)
After Market: Bullish (BLSH) – revenue est. $55.75M, EPS $0.415
Comments
Post a Comment