Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Nvidia Develops New Location-Verification Technology for AI Chips 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Wall Street Futures Gain Amid Inflation Data and Fed Insights
U.S. stock index futures gained ground on Sunday evening as investors shifted their focus to upcoming inflation data and commentary from Federal Reserve officials. This data could further clarify Wall Street’s direction following a recent rally.
Market Surge Post-Election and Fed Rate Cut
Wall Street saw significant gains last week after Donald Trump won the 2024 presidential election, alleviating market uncertainty. A recent interest rate cut by the Federal Reserve has also bolstered investor confidence. As of Sunday, S&P 500 Futures rose by 0.2% to 6,037.25 points, Nasdaq 100 Futures by 0.4% to 21,306.0 points, and Dow Jones Futures by 0.1% to 44,186.0 points.
Key Focus on CPI Data and Federal Reserve Updates
This week, investors are keenly awaiting the October Consumer Price Index (CPI) data to assess inflation trends. Released just a week after a 25-basis-point rate cut, the CPI report is expected to influence the Fed's future rate decisions. With inflation persisting due to a resilient economy and labor market, the data could either confirm a downward trend or signal ongoing inflation challenges.
Additionally, remarks from several Fed officials are expected to shed more light on the central bank's economic outlook. According to CME FedWatch, traders currently see a 65.9% chance of another 25 basis point rate cut in December, with a 34.1% probability of holding rates steady.
Wall Street Rallies on Policy Optimism
U.S. stock futures rose as markets anticipate Trump’s economic policies, including corporate tax cuts and other expansionary measures. The president-elect's agenda, coupled with a Republican majority in Congress, suggests a favorable environment for business growth.
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