1 / 18S&P 500 closes lower ahead of Thanksgiving holiday: selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s cautious stance on rate cuts.Equities halted a seven-day rally that drove the S&P 500 to all-time highs. A Bloomberg gauge of the “Magnificent Seven” megacaps slid about 1%. Dell Technologies Inc. and HP Inc. tumbled at least 11% after their results disappointed investors. The US Federal Trade Commission has opened an antitrust investigation of Microsoft Corp., drilling into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products.
2 / 18Dollar, bond yields dip as investors digest implications of Trump policies: MSCI’s global equities index edged lower and the dollar slipped with Treasury yields on Wednesday as investors digested the latest economic data and the potential impact of policies from the incoming U.S. administration, including tariff threats.
3 / 18Bitcoin bounces back above $96,000: Bitcoin on Wednesday climbed back above $96,000, recovering slightly from a pullback this week that knocked it from record levels. The price of the flagship cryptocurrency was last higher by nearly 6% at $96,676.70, according to Coin Metrics, while ether jumped more than 9% to $3,636.46.
4 / 18US PCE rises 2.3% annually, in-line with expectations: Annually, the PCE price index rose 2.3%, matching the market estimate but above the September gain of 2.1%. The core rate, which excludes food and energy, gained 0.3% m/m, the same as September and in line with the market estimate.
5 / 18US FTC launches broad antitrust investigation into Microsoft: Microsoft is set to go under the microscope of the nation’s top antitrust watchdog, the Federal Trade Commission, which is launching a sweeping investigation into the tech giant’s practices. The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told CNN.
6 / 18Microsoft denies training AI models on user data: Microsoft on Wednesday denied claims that it uses customer data from its Microsoft 365 applications, including Word and Excel, to train artificial intelligence models. The response came after some users pointed out on social media that the company requires users to opt-out of its “connected experiences” feature, which they argued was used to train AI models.
7 / 18BlackRock in preliminary talks to buy private credit group HPS for $12 billion: BlackRock Inc has entered a preliminary deal to buy HPS Investment Partners as the world’s largest asset manager looks to further grow its scope, the Financial Times reported on Wednesday. BlackRock has a “handshake deal” with the firm, FT reported, with general terms of the deal to be announced after the Thanksgiving Holiday. A final price will be around $12 billion. (Image: Reuters)
8 / 18OpenAI gets $1.5 bn from Softbank via tender offer: OpenAI is allowing employees to sell about $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup and allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC.
9 / 18Nifty ends with small gains in ranged trade: The consolidation phase continued as the benchmark Nifty 50 index and S&P BSE Sensex ended around 0.3% higher at 24,274.90 and 80,234.08, respectively.
10 / 18Rupee weakens further to 84.44 v $: The Indian rupee weakened by 15 paise on Wednesday, closing at 84.44 (provisional) against the US dollar, driven by uncertainties surrounding US President-elect Donald Trump’s trade policies and a surge in crude oil prices. The rupee opened lower at 84.38 and dipped further to an intra-day low of 84.48 before recovering slightly. It ultimately settled at 84.44, 15 paise lower than Tuesday’s close of 84.29.
11 / 18Adani Group stocks climb after Adani Green says Gautam Adani not charged under US FCPA: Shares of Adani Green Energy, along with other Adani Group stocks surged up to 10% on Wednesday, November 21, after the company clarified on the DoJ charges on chairman Gautam Adani, Sagar Adani and Adani Green MD & CEO Vneet Jaain. Adani Green, in an exchange filing said that Gautam Adani, Sagar adani and Vneet Jain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US Department of Justice or the civil complaint of the US Securities and Exchange Commission (SEC).
12 / 18NTPC Green Energy makes a strong debut on the bourses: Shares of NTPC Green Energy made their debut on the bourses at over 3 per cent premium to the issue price and gained steam during the day to end 12.2 per cent higher with a market capitalisation of over ₹1 lakh crore. The stock listed at ₹111.50 on the NSE, went to a high of ₹122.65 and closed at ₹121.65 on the NSE.
13 / 18Godrej Properties launches a Rs 4000 cr QIP: Godrej Properties seeks to raise up to Rs 4,000 crore through a Qualified Institutional Placement (QIP) with indicative price at Rs 2,595 per share, reported CNBC-TV18 on November 27. Earlier on November 27, the real estate firm announced a QIP at floor price of Rs 2,727.44 per share.
14 / 18Moody’s upgrades the credit rating of Vedanta Resources: Moody’s Ratings on Wednesday said it has upgraded the corporate family rating of Vedanta Resources Ltd (VRL) following its successful liability management exercises. The rating agency has upgraded the corporate family rating of the company from B3 to B2
15 / 18Honda Motors India enters the EV segment, launches Activa models: Honda, on Wednesday, introduced two new electric scooters in India — the ACTIVA e: and the QC1 — aiming to provide sustainable and efficient commuting options for Indian consumers. The scooters cater to different needs, with features designed to make electric mobility more accessible.
16 / 18PLI disbursements may pick up in the new year, sources tell CNBC-TV18: The new year may bring positive developments for companies benefiting from the Production-Linked Incentive (PLI) schemes, with disbursement claims expected to gain momentum. According to sources, more companies are likely to file claims for PLI disbursements after finalising quarterly figures through December 2023. Sources added that lower disbursements till now aren’t a concern and are expected to pick up in the coming months.
17 / 18Adani row rocks parliament, both houses adjourned for the 2nd day: Parliament did not conduct any business for the second day on Wednesday as the government refused to accede to the Opposition demand for discussion on Adani issue, Manipur and violence in Uttar Pradesh’s Sambal. Both Lok Sabha and Rajya Sabha witnessed no business except for laying of official papers on the table of the House, as Opposition MPs defied the presiding officers’ appeal to allow the functioning of the Houses, which were adjourned twice in the morning session. On Monday too, Parliament did not function while there was no sitting on Tuesday.
18 / 18“I’m not a hurdle,” says Shinde, will stand by NDA decision on CM: Amid the deadlock over who will become the next Maharashtra chief minister after the Mahayuti’s landslide victory in the state, caretaker Chief Minister Eknath Shinde on Wednesday announced that the Shiv Sena would accept and support the decisions taken by Prime Minister Narendra Modi and Union Home Minister Amit Shah on the issue and that there would be “no obstacle” from their side.
