📈 Stocks / Finance

S&P 500 and Dow Close at Record Highs Amid Tariff Concerns

Yahoo Finance

US stocks rose despite President-elect Trump's tariff threats, with the S&P 500 and Nasdaq gaining 0.6% and the Dow up 0.3%. Investors weighed the Federal Reserve's meeting minutes, indicating a gradual approach to interest rate cuts if inflation trends lower and employment remains strong.

Digital finance curbs ESG decoupling in China

Nature

A study using data from 2016-2022 shows that digital finance significantly reduces corporate ESG decoupling among Shanghai and Shenzhen A-share firms. Key mechanisms include alleviating financing constraints, improving ESG information quality, and mitigating managerial myopia. The impact is stronger in non-state-owned, high-tech, and heavily polluting firms.

Qsemble Acquires 51,767 AST SpaceMobile Shares

MarketBeat

Qsemble Capital Management LP acquired 51,767 shares of AST SpaceMobile (NASDAQ:ASTS) valued at $1.35 million in Q3. Insider transactions included COO Shanti Gupta's sale of 80,000 shares for $2.07 million. ASTS's market cap is $6.84 billion, with analysts raising price targets, including Deutsche Bank's to $63.

🪙 Crypto

Ether Struggles to Match Bitcoin's Growth

Axios

Despite Ethereum's improvements, including proof-of-stake and ETFs, ether lags behind bitcoin, which has surpassed its all-time highs. While bitcoin ETFs reached $100B in assets, ether ETFs remain under $10B. Activity on connected chains has diluted interest, limiting ether's growth.

🌎 Global Economy

Cloud and AI to Add Trillions to Global Economy

Amazon

Cloud computing and AI are projected to contribute over $12 trillion to global GDP by 2030, per AWS and Telecom Advisory Services. In 2023 alone, cloud adoption added $1 trillion to GDP, while cloud-enabled AI contributed $98 billion. Cloud adoption also boosts energy productivity, adding $216.8 billion globally.

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