Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Southwest Airlines and Elliott in Settlement Talks to Avoid Proxy Battle
Southwest Airlines is reportedly in discussions with Elliott Investment Management to reach a settlement that could prevent a proxy fight over board control, according to Bloomberg. Sources familiar with the situation revealed that Elliott is seeking representation on Southwest’s board, though not full control. However, these discussions are ongoing, and no agreement has been finalized yet.
Elliott officially called for a special shareholder meeting to be held on December 10, proposing to replace eight directors and gain control of the board. The hedge fund, which holds a 10% stake in Southwest, has been advocating for leadership changes, including the removal of CEO Bob Jordan. The fund aims to improve the airline’s financial performance and increase its share value.
Southwest has already introduced initiatives to enhance profitability, such as partnerships, vacation packages, and sale-leaseback agreements for aircraft. Despite these efforts, Elliott remains committed to its boardroom shake-up, with a focus on reshaping the company's long-term strategy.
Elliott has a strong history of activism, having previously targeted major companies like Starbucks, Salesforce, and Twitter.
Both Southwest Airlines and Elliott declined to comment on the ongoing negotiations.
