Investors on watch for AI, economic updates as US stocks steady

The European Union (EU) is preparing to announce a plan aimed at reducing its dependency on raw materials sourced from China, reflecting increasing concerns over reliance on Chinese imports. This initiative is expected to address the bloc's vulnerabilities in supply chains amid rising geopolitical tensions.

Jefferies has initiated coverage on Beta Technologies with a Hold rating, indicating a cautious approach towards the company's stock performance amid current market conditions. This rating reflects Jefferies' assessment of Beta Technologies' potential and the overall investment climate.

Uxin's shares experienced a significant drop of 45%, aligning with predictions made by InvestingPro’s Fair Value model, indicating a troubling outlook for the company's market performance. This decline reflects investor sentiment and concerns regarding Uxin's financial stability.

Memory prices experienced a significant spike late in the year, attributed to various market dynamics and increased demand for semiconductor products. This surge reflects ongoing supply chain challenges and heightened competition in the memory chip sector.

Airbus has announced a major recall affecting approximately 6,000 A320 jets due to a critical software vulnerability that could be compromised by intense solar radiation. This decision follows a recent incident involving a Jetblue aircraft that raised safety concerns regarding flight control data integrity.

The Russian stock market closed lower, with the MOEX Russia Index remaining unchanged, reflecting a period of stagnation in trading activity. This follows a recent decline of 1.75% in the index, indicating ongoing challenges faced by investors amid geopolitical tensions and economic uncertainties.

U.S. Black Friday online spending reached a record $11.8 billion, driven by increased consumer preference for digital shopping, as reported by Adobe. This marks a 9.1% increase from the previous year, showcasing the growing influence of e-commerce during the holiday shopping season.

TRX Gold reported earnings that missed expectations, while its revenue surpassed analysts' forecasts, indicating a mixed financial performance for the company. This development highlights the challenges faced in achieving profitability despite generating higher sales figures.