Walmart shifts listing to Nasdaq on Dec 9

5 articles I'm watching carefully

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Walmart shifts listing to Nasdaq on Dec 9

Walmart will move its WMT listing from the NYSE to Nasdaq on Dec 9, marking the largest exchange switch by market value per Reuters. The shift aligns with its tech driven strategy as e commerce and automation expand, and could aid inclusion in the Nasdaq 100 amid strong inflows.

Abbott to acquire Exact Sciences for $21 billion

Exact Sciences rose 17% after Abbott agreed to buy it for $105 per share. The deal expands Abbott's cancer screening portfolio in a market worth about $60 billion. Exact Sciences guided full year revenue to about $3.2 billion. Abbott shares dipped 2% on the news.

Wall Street drops as AI bubble worries grow

US stocks fell with the S&P 500 down 1.6 percent and Nasdaq down more than 2 percent as AI valuation fears persisted. Nvidia reversed early gains, falling over 3 percent. Mixed jobs data and uncertainty on Fed cuts added pressure, leaving markets on track for their weakest month since March.

🪙 Crypto

XRP slides toward 2 dollars amid heavy selloff

XRP fell 16 percent in a week and neared the 2 dollar level as fear intensified. OI in XRP futures hit its lowest since last November, while 24 hour volume rose 27 percent. A break below 2 dollars could target 1.75 then 1.47, signaling deeper downside risk.

🌎 Global Economy

Swiss Re warns of slower global growth under industrial policy shift

Swiss Re expects global GDP growth to stay below the pre pandemic 3.1% average as fiscal expansion and industrial policy lift inflation and debt. Persistent US China tariffs keep an effective 15% rate. Higher long term yields and structural fragilities pose risks as credit cycles turn.

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