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The unemployment rate rose to 4.6%, the highest in over four years, while Tesla's stock surged 3% amid robotaxi developments. Warner Bros. Discovery rejected Paramount's takeover bid, calling it inadequate. The U.S. House will not vote on extending ACA tax credits, risking their expiration. Apple plans to launch an upgraded AI Siri in 2026.
Wedbush analyst Daniel Ives calls Tesla CEO Elon Musk a 'wartime CEO' as Tesla plans to roll out Robotaxis in over 30 U.S. cities by 2026, valuing its AI and autonomy opportunities at $1 trillion. Ives maintains a Buy rating on TSLA with a $600 price target. He projects Tesla capturing 70% of the global autonomous market and hitting a $3 trillion market cap by 2026. However, TSLA stock has a Hold consensus rating on TipRanks.
SBI Shinsei Bank shares surged in their Tokyo debut, marking one of Japan's biggest offerings this year. Market insights include UBS Group and PayPal. Fed's Bostic expects no rate cuts in 2026. Trump to interview Fed's Waller for Chair. High-speed traders dispute over milliseconds. JPMorgan launches tokenized money fund. PayPal applies to establish a bank. Financial market troubles persist. IPO push leads to scams. Danske Bank completes US probation. Australia's ASX criticized for underinvestment. SpaceX seeks banks for IPO. Crypto executives seek investments in Abu Dhabi.
U.S. stock index futures rose slightly as investors awaited economic data and monitored geopolitical tensions in Venezuela affecting oil prices. Netflix gained on buyout speculation, Amazon rose on OpenAI investment talks, and Palo Alto Networks increased after JP Morgan's 'overweight' rating. Silver, gold, lithium, and copper miners saw gains due to various market factors. FedEx's price target was lifted by Deutsche Bank, and biotech sector showed momentum for 2026. Several companies experienced stock movements due to analyst ratings and market developments.
Apple delayed its major Siri AI upgrade to 2026, increasing pressure to reveal its AI strategy. Despite a strong iPhone 17 launch, Apple lags in the AI race, with competitors like Google and Nvidia advancing. CEO Tim Cook assures progress on Siri, promising significant updates next year. Apple's AI leadership changes signal a strategic shift to keep pace with rivals.
