Markets - U.S. stocks closed higher on Dec 6, with the Dow gaining 100 points. All three major indices posted weekly gains. - Top 20 U.S. stock movers: Nvidia noted most large model developers are its indirect clients. - Popular Chinese ADRs mostly rose: Baidu up 5.85%, Tencent Music down 0.72%. - Oil futures climbed Thursday as rate cut expectations and stalled Ukraine talks supported prices. - Silver prices hit record highs. - European stocks extended gains for a second week amid Fed rate cut optimism.
Macro - U.S. officials confirmed Trump met with Mexican and Canadian leaders. - Brazil's former President Bolsonaro backed his son's presidential bid, widening asset declines. - The U.S. Supreme Court will hear Trump's birthright citizenship case. - October U.S. consumer credit rose $9.178B, below forecasts. - Hassett endorsed regional Fed reform, predicting 2024 economic boom. - Kremlin seeks U.S. analysis on Ukraine talks. - ECB's Villeroy sees greater inflation downside risks. - September U.S. spending barely grew while core PCE met expectations.
Corporate - SpaceX in talks for share sale at $800B valuation. - Netflix acquires Warner Bros. Discovery assets in cash-stock deal. - OpenAI rushed GPT-5.2 launch post-Google Gemini's debut. - Musk hinted at future text messaging during full self-driving. - Citi's price-to-book ratio topped 1 for first time in 7 years. - Senator Warren called Netflix-Warner deal an antitrust "nightmare." - Switzerland may ease some UBS capital rules. - Meta plans Reality Labs cuts, potential layoffs by January. - SoftBank in talks to buy DigitalBridge. - U.S. relaxed fuel standards with Detroit automakers' support.
Commentary - Economists project Fed rate cut next week, two more by 2026. - Rate cuts may provide limited sectoral relief amid structural economic issues. - USD dipped slightly; CAD surged on strong jobs data. - U.S. Treasuries fell ahead of Fed meeting. - German yields near March highs amid global bond selloff. - U.S. layoff announcements surpassed 1.1M this year. - Bitcoin showed first annual divergence from stocks in a decade.