📈 Stocks / Finance

Powell Unconcerned About Fed Independence Under Trump

CNBC

Fed Chair Jerome Powell expressed confidence that congressional safeguards will prevent political influence on the Federal Reserve under President-elect Donald Trump. Powell reiterated that the Fed's mandate is to achieve maximum employment and price stability without political interference.

Centiva Capital LP Increases Redfin Stake by 318.9%

MarketBeat

Centiva Capital LP raised its Redfin (RDFN) holdings by 318.9% in Q3, now owning 140,675 shares valued at $1.76M. Analysts maintain a 'hold' consensus with a $8.98 average price target. Redfin's stock is trading near $9.63 with a market cap of $1.19B, a PE ratio of -7.42, and a beta of 2.63.

Marvell's AI Chip Demand Drives Stock Surge

The Motley Fool

Marvell Technology's Q3 results exceeded expectations, driven by a 98% rise in data center revenue due to strong AI chip demand. Overall revenue grew 7% year over year to $1.52 billion. Fiscal Q4 guidance predicts 26% growth, with adjusted EPS estimated at $0.54-$0.64.

🪙 Crypto

Trump Nominates Paul Atkins as SEC Chair, Signaling Crypto-Friendly Shift

CNBC

President-elect Trump plans to nominate Paul Atkins, known for his pro-crypto and deregulatory stance, as SEC chair. Atkins, former SEC commissioner and CEO of Patomak Global Partners, would replace Gary Gensler. The move aligns with Trump's broader goal to ease crypto regulation.

🌎 Global Economy

Global Growth Expected to Remain Resilient Amid Risks

OECD

The OECD forecasts global GDP growth of 3.3% for 2025 and 2026, with inflation easing in most regions. The US is expected to grow at 2.8% in 2025, while China’s growth will slow to 4.4% in 2026. The OECD stresses the need for calibrated monetary policy and fiscal discipline to support stability.

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