Breaking News: Markets
- Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
- $208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth - Yieldstreet is attempting to move past a troubled track record by rebranding to Willow Wealth while customers reel from a still-unfolding collapse of its funds.
- 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing - Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.
- Asia-Pacific markets slide after subdued Wall Street session - Asia-Pacific markets slid on Friday following a subdued Wall Street session.
- Asia markets mostly rise after Wall Street gains on rate-cut hopes fueled by weak jobs data - The ADP report is the last jobs picture the Federal Reserve gets before it meets Dec. 9-10. Markets are now pricing in an 89% chance of a cut.
- Bank of Japan faces a policy dilemma as government bond yields keep hitting new highs - Experts said the rise in yields is due to inflation running above target, hawkish remarks from the Bank of Japan and an expansionary fiscal policy.
- How families could get stuck with higher electric bills if the AI data center boom goes bust - Investors and energy analysts question whether the AI race has turned into a bubble, one that would be costly to unravel as major infrastructure gets built.
- Trump administration to announce new fuel economy standards Wednesday, sources say - The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards.
- European stocks set for positive open as global markets push higher - European stocks are expected to open in positive territory on Wednesday as global markets move higher.
- Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.