📈 Stocks / Finance

Buffett trims top holdings and builds record $325B cash reserve

Yahoo Finance

With the Buffett Indicator above 200%, Warren Buffett has reduced stakes in Apple and Bank of America while building a $325B cash reserve. Though selling selectively, he has invested in Domino’s and Heico, reflecting his cautious approach to a historically overvalued market.

Syria tensions and China’s weak CPI drive oil price uncertainty

Investing

Oil prices rose 0.3% amid Syria’s regime change and heightened Middle East tensions, adding a risk premium. However, weak demand signals, including China's underwhelming CPI data, capped gains. OPEC+ extended supply cuts until April 2025, signaling market pessimism about demand recovery.

Inflation metrics may challenge Fed's rate cut plans

TheStreet

Upcoming CPI and PPI reports could influence the Fed's Dec. 17-18 decision on cutting interest rates, currently projected at 86%. Sticky inflation factors like rents and services persist, with core CPI at 3.3%. Earnings from Oracle, Costco, and Broadcom may add volatility amidst mixed market performance.

🪙 Crypto

Microsoft faces shareholder vote on Bitcoin investment

Quartz

Microsoft shareholders will vote on December 10 on whether the company should formally assess Bitcoin as an investment. The board opposes the proposal, citing its current asset evaluation strategy. A favorable vote could signal greater corporate acceptance of cryptocurrency.

🌎 Global Economy

EU-China cooperation key to countering global protectionism

Global Times

Former Italian PM Massimo D'Alema highlighted the need for EU-China dialogue to address trade disputes, such as tariffs on Chinese EVs. He stressed that China’s market reforms and European service sector strengths could drive growth, counteract U.S.-led protectionism, and stabilize global trade.

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