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US stock futures sank on Thursday after Oracle (ORCL) earnings revived AI overspending worries, denting the Wall Street rally that followed the Federal Reserve’s latest interest-rate cut.
After consternation about whether the Federal Reserve will cut interest rates for a third time this year, the consensus is that the central bank will likely go ahead with a 25 basis point cut on Wednesday - even if it's a split decision.
President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies.
Stocks closed on Friday near record highs, with the S&P 500 sitting just below the 6,900 mark as a twitchy bond market looks ahead.
Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the media industry.
US stock futures were in a holding pattern on Thursday as Wall Street waited for fresh data to test baked-in expectations that the Federal Reserve will deliver a December rate cut.