Amazon pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative AI technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude.
| Global stocks registered a strong weekly gain while U.S. The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicked off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs. |
| Stablecoin issuer Tether minted an additional $3 billion in USD tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets – particularly Bitcoin as it approaches the $100,000 price level. |
Gold prices climbed for a third consecutive session to mark a one-week high, as investors sought refuge in the safe-haven metal amid mounting geopolitical unease fuelled by escalating Russia-Ukraine tensions.
The last session saw the Gold rise 0.5% against the Dollar. The Stochastic-RSI is giving a positive signal.
Support: 2591.2 | Resistance: 2700.7
Apple has made a $100 million investment proposal to Indonesia to build a plant to manufacture accessories and components, the industry ministry said. The proposal comes after Indonesia banned sales of Apple’s iPhone 16 over the firm’s failure to meet local rules on components.
Apple’s stock dropped 0.6% in the last session. The Williams indicator indicates an overbought market.
Support: 221.24 | Resistance: 233.15
British inflation jumped by more than expected last month to rise back above the Bank of England’s 2% target and underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts. Consumer prices rose by an annual 2.3% in October.
The last session saw the Pound drop 0.3% against the Dollar. According to the Stochastic indicator, we are in an oversold market.
Support: 1.253 | Resistance: 1.2783
