Dubai Market Rebounds While Abu Dhabi Continues to Decline
Dubai market rose 0.1% while Abu Dhabi fell 0.3%; Air Arabia and Alek saw notable gains, showing selective investor interest.
TASI Poised for Longest Weekly Losing Streak in a Year and a Half
TASI nears its longest losing streak since May 2024, down over 3% weekly amid low liquidity and weak growth drivers.
US Markets Open for Shortened Session on Black Friday
US markets will open for a shortened session on Black Friday, closing at 1 p.m. ET; US500 index is up 12.98% year-over-year.
Bitcoin Trades Around $91,000 After Sharp Decline
Bitcoin trades at $91,309 after a sharp decline, down 6.2% YoY. Key resistance zones: $93K–$96K and $100K–$108K.
New U.S. Labor Data Shows AI Is Transforming Jobs Gradually But a Massachusetts Study Warns 11.7% of Roles Are Technically Replaceable .
AI is reshaping jobs slowly, with 11.7% of roles technically replaceable, but overall job growth expected in the U.S.
OpenAI Reveals Security Incident at Mixpanel Affecting Limited Data of API Users
OpenAI reported a Mixpanel breach exposing limited API user data; no sensitive info leaked. Users urged to watch for phishing attempts.
UK Budget 2025: Comprehensive Guide to New Taxes
UK's 2025 budget introduces £26B in tax hikes, freezing thresholds, new EV taxes, and political scandal over early leak.
Chinese Tech Giants Move AI Model Training Abroad
Chinese tech firms are moving AI training abroad to evade U.S. chip restrictions, while DeepSeek stocks chips and partners with Huawei.
Reeves' Budget Boosts Confidence in European Markets, Supports Pound and Bonds
Reeves' budget boosts UK fiscal headroom, stabilizes pound and bonds, and lifts European market confidence, despite some growth risks.
Reactions to the UK Budget Announcement: Sterling and UK Bonds Rise, Limited Impact on US Markets
Sterling rose 0.3% post-UK budget, boosting bonds. Limited US market impact despite positive reactions; fiscal measures eased borrowing.
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