Micron posted $25.11 EPS and guided Q4 revenue to $50B. Stock rose 13% after hours. The Nasdaq 100 was on pace to lose $1 trillion this week before this landed.CNBC
2.
All 32 banks cleared the Fed stress test. JPMorgan announced a $50B buyback and a 10% dividend hike. Goldman raised its payout to $5 about two hours later.CNBC
3.
WTI fell below $70 intraday for the first time since March. Down 4.5% as Hormuz tanker traffic picked up. Reuters
Markets & Economy
4.
Qualcomm rose 14% after hours on new targets and a Meta deal. Non-handset revenue goal doubled to $40B by 2029. CNBC
5.
Gold hit seven-month lows near $4,000. Settled at $4,016. Down 12% in four weeks.Reuters
6.
Germany is scrapping plans for six F126 warships. Rheinmetall fell 18.7%. European defense stocks have been falling all year.FT
Politics
7.
Trump canceled the housing bill signing. Won’t act until Congress passes the SAVE America Act. Then the Senate lunch became a shouting match over Iran.Fox
8.
White House sent Congress an $87.6B supplemental request. Most goes to replenish the Pentagon after Iran. AP
Around the World
9.
Anthropic accused Alibaba of using thousands of fake accounts to extract Claude AI capabilities. Fourth Chinese lab flagged since February.BBG
10.
Colombia’s conservative president-elect secured the win. Leftist rival conceded to Trump-backed de la Espriella. Fox
