Trump doubles down on claims of affordability ‘hoax’

The stock market showed resilience on December 3, with the Dow Jones Industrial Average rising by 400 points, while the S&P 500 continued its upward trend, reflecting investor optimism. American Eagle's stock surged by 11% following strong Q3 results and an upward revision of its guidance, indicating robust financial performance. Additionally, Anthropic is reportedly preparing for an IPO as early as 2026, which could further influence market dynamics.

Brendan Nelson has been appointed as the permanent chairman of HSBC after serving as interim chair for seven months following Mark Tucker's departure. This decision comes after a protracted search for a successor, which involved evaluating various external candidates but ultimately concluded with Nelson's appointment.

Former President Donald Trump praised Nvidia CEO Jensen Huang following a discussion about export controls affecting the company's operations. This conversation comes amid ongoing scrutiny over U.S. regulations that have impacted Nvidia's ability to export AI chips, particularly to China.

Former President Donald Trump has pardoned Leiweke, co-founder of Oak View Group, a company known for its involvement in the sports and entertainment industry.

Former President Donald Trump described the recent meeting between U.S. envoy Steve Witkoff and Russian President Vladimir Putin as 'reasonably good.' This meeting is part of ongoing diplomatic efforts to address the conflict in Ukraine, highlighting the complexities of international relations in the current geopolitical climate.

President Trump has proposed significant reductions to fuel efficiency goals for U.S. vehicles, a move that has garnered support from auto and oil industry leaders while facing criticism from environmental groups who argue it will lead to increased costs for drivers.

Alex Karp, CEO of Palantir Technologies, defended former President Trump during the DealBook Summit, expressing that he believed Trump had effectively addressed issues he cared about. Karp also dismissed concerns regarding Palantir's collaboration with U.S. Immigration and Customs Enforcement (ICE), emphasizing the company's focus on its technological advancements.

Bond investors have expressed concerns to the US Treasury regarding the potential appointment of Kevin Hassett as the next chair of the Federal Reserve, fearing that he may be influenced by former President Trump in his decisions on interest rates. This apprehension highlights the ongoing tension between market expectations and political influence in monetary policy.