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Real-time News
On November 20th, Alphabet shares surged on Wednesday, posting their biggest gain in two months, as rave reviews for its newly released Gemini 3 AI model boosted investor confidence in the companys position in the evolving tech landscape. The stock rose as much as 6.9% intraday, its biggest gain since early September, and hit a new all-time high. The broader S&P 500 rose about 0.5%, while the tech-heavy Nasdaq 100 gained 0.8%. The Gemini launch is the latest in a series of positive developments for Alphabet recently. Earlier this week, Loop Capital upgraded the stock to a "buy," and Warren Buffetts Berkshire Hathaway revealed late last week that it had established a stake in Alphabet in the third quarter. This position represents a demonstration of the legendary investors confidence.According to the Financial Times, Warner Music (WMG.O) has reached a licensing agreement with artificial intelligence startup UDIO to power a new streaming platform based on its songs.November 20th - JPMorgan Chases trading arm stated that the longest losing streak for U.S. stocks since August has created opportunities for bargain hunters. The S&P 500 fell for four consecutive days, accumulating a 3.4% drop by Tuesdays close, as investors worried about the sustainability of the artificial intelligence rally and the Federal Reserves monetary policy path. Andrew Tyler, JPMorgan Chases global head of market intelligence, said this pullback represents a "technical shakeout" in the stock market, and the correction period may have ended. "Given that there have been no changes in the fundamentals, and our investment assumptions do not rely on the Fed easing policy, now is the time to buy on the dips," Tyler wrote in a report to clients on Wednesday.On November 20th, an institutional analysis pointed out that the minutes of the Federal Reserves October policy meeting may more clearly reveal the differences of opinion among policymakers. At that time, policymakers not only faced the predicament of a lack of official data but also had to weigh conflicting market signals, coinciding with the crucial transition period for Chairman Powell in his final months in office. The meeting last month unusually saw dissenting voices simultaneously supporting both easing and tightening monetary policies. After the Fed voted 10-2 to cut interest rates by 25 basis points, Powell acknowledged "serious disagreements" at the press conference. The interruption of official data releases before the October meeting due to the US government shutdown forced officials to rely on alternative information for assessment, which may have exacerbated their growing caution regarding further rate cuts. "A growing number of members believe that we should at least pause our observation for one cycle," Powell told reporters last month. Although government economic data releases are gradually resuming (the September non-farm payroll report will be released on Thursday), the release schedule for the missing data remains unclear, and it is uncertain what information will be available before the Feds next meeting in December.Sources say the US-proposed solution to end the conflict includes numerous provisions, such as Ukraine relinquishing some territory and weapons, and reducing the size of its armed forces. The US has indicated to Ukrainian President Zelensky that Ukraine must accept this framework and its main contents.
