📈 Stocks / Finance

Nvidia's quantum strategy rattles sector stocks

Investor’s Business Daily

Quantum computing stocks fell after Nvidia unveiled NVQLink, integrating GPUs with QPUs. Analysts say the move signals Nvidia's intent to dominate quantum infrastructure, raising investor concerns about limited room for smaller players. Nvidia stock rose over 5% on the news.

Fiserv stock plunges 47% on earnings miss and leadership overhaul

Yahoo Finance

Fiserv shares fell 47% after slashing full-year earnings guidance and announcing a major executive shakeup. CEO Mike Lyons cited ‘financial surprises’ and slower Argentina growth. Wall Street called results ‘abysmal,’ deepening investor concerns.

Fed cuts rates again amid weak labor market and rising inflation

NBC News

The Fed cut its benchmark rate by 25 bps, citing slowing job growth and rising inflation. Despite economic uncertainty and a government shutdown, markets hit record highs, driven by AI investments. Powell warned that further cuts in December are 'not a forgone conclusion.'

🪙 Crypto

XRP ETF could surpass $1B in early inflows, says Bitwise CIO

DL News

Bitwise CIO Matt Hougan predicts an XRP ETF could top $1B in assets within months, citing strong demand from the 'XRP Army.' Despite skepticism in the crypto industry, whale purchases of $560M last week signal deep-pocketed interest ahead of SEC decision deadlines.

🌎 Global Economy

US–China trade thaw could avert global growth shock

Al Jazeera

Trump and Xi are expected to de-escalate trade tensions at APEC. Economists warn a full trade war could slash global GDP by up to 7%. A temporary deal on tariffs and rare earth exports may stabilize markets, but long-term divergence between the superpowers remains unresolved.

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