Cuba on edge as US seizure of oil tanker puts supply at risk

The S&P 500 index experienced fluctuations as investors shifted their focus away from major technology stocks, opting instead for investments in old-economy and small-cap companies. This shift reflects a broader trend in market sentiment as investors reassess their portfolios amid changing economic conditions.

US credit card debt is on the rise as the holiday season approaches, but the pace of increase is slower compared to the same period last year, according to the Federal Reserve and major credit trackers. This trend indicates a shift in consumer behavior as Americans continue to use credit cards but may be more cautious in their spending habits.

The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, a move that threatens to exacerbate the country's already fragile economy, which is on the brink of hyperinflation. This seizure is part of a broader strategy by the U.S. to exert pressure on the Venezuelan government amid ongoing political turmoil.

Broadcom's shares fell after the company's sales outlook for the AI market did not meet investor expectations, despite previously reporting strong earnings and a revenue forecast of $19.1 billion for the upcoming fiscal first quarter. President Trump announced the US's willingness to assist Ukraine's security as part of a peace plan.

Oil prices have risen due to escalating tensions between the U.S. and Venezuela, particularly following the U.S. seizure of an oil tanker near Venezuela, which has led to a temporary increase in oil futures. However, the market is still set for a weekly decline as concerns about oversupply persist.

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.

Gold prices have steadied after three consecutive days of gains, buoyed by expectations of further monetary easing in the US following a recent interest rate cut by the Federal Reserve. Silver has also been trading near record highs, reflecting strong market sentiment.

The U.S. military has seized a sanctioned oil tanker off the coast of Venezuela, a move confirmed by President Donald Trump. This operation is part of a broader strategy aimed at increasing pressure on the Venezuelan government led by Nicolás Maduro, amidst ongoing tensions in the region.