Last Week’s Market Recap - Dec 13 Close: U.S. stocks fell, with the Nasdaq dropping 400 points; AI stocks broadly declined. - Top 20 U.S. stocks by turnover on Dec 13: Broadcom saw its biggest single-day drop in 10 months. - Popular Chinese stocks mixed: NetEase rose 2.11%, TSMC fell 4.17%. - Friday’s international oil prices dipped slightly on oversupply concerns. - Spot gold rose 0.53%, up ~2.5% for the week. - European stocks retreated from record highs, pressured by U.S. tech declines.
Macro Updates - Trump claims next Fed chair will favor rate cuts. - Hassett says Trump is free to comment on Fed policy. - U.S. envoy reports "major progress" in Berlin talks with Ukraine. - U.S.-Ukraine delegations to continue discussing "peace plan" on Dec 15. - U.S. security expert: Ukraine dropping NATO bid won’t alter peace talks. - House GOP healthcare plan excludes ObamaCare subsidy extension. - Zelensky confirms Ukraine has abandoned NATO membership goal. - U.S.-Mexico reach agreement on Rio Grande water dispute. - Fatal shooting at Sydney’s Bondi Beach; two detained. - U.S.-Syrian forces attacked in central Syria, three Americans killed. - Hezbollah leader vows never to disarm. - Starmer and von der Leyen discuss Ukraine peace plan and frozen Russian assets. - Campus shooting at Brown University.
Corporate News - SpaceX initiates Wall Street bank bids to select underwriters for potential IPO. - SpaceX finalizes internal stock sale at ~$800B valuation. - Reports: SpaceX has deployed over 3,000 satellites this year; Musk congratulates team. - Boeing delays delivery of new Air Force One jets again. - JPMorgan’s Dimon backs Warsh for Fed chair over Hassett. - Visa executive predicts 2026 as the "year of AI shopping assistants." - Tether plans €1.1B bid for Juventus Football Club. - Coca-Cola in final talks to salvage Costa sale, per UK reports. - Engine failure forces United Airlines flight to return to D.C. airport.
Commentary - Wall Street preview: Investors await delayed U.S. economic data. - Nasdaq 100 rebalance: Adds Western Digital, drops GlobalFoundries and Lululemon. - BofA: Fed’s RMP could push 10-year Treasury yields lower. - AI boom enters Year 4—how to invest? JPMorgan picks two tech giants as top plays. - Wall Street weighs in on next Fed chair: JPMorgan’s Dimon backs Warsh. - "Even China might struggle": Texas AI frenzy sees 220+ GW projects seeking grid access by 2030. - Lingering AI bubble fears: U.S. stocks fall, yields spike. - Nasdaq hits two-week low as Broadcom sheds ~$230B in market cap amid renewed AI concerns.
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