Kuaishou Profit Tops Estimates, Boosted by AI Technology

Competition to accelerate maritime trade between China and Peru is intensifying following the opening of a large Chinese-owned port along Peru's Pacific coast. This new route is expected to enhance trade efficiency and strengthen economic ties between the two nations.

Treasury yields increased as Federal Reserve officials indicated a likelihood of pausing interest rate cuts on December 10. This rise in yields reflects growing uncertainty in the market regarding future monetary policy decisions.

The Federal Reserve's recent meeting revealed significant divisions among officials regarding potential interest rate cuts next month. The discussions highlighted contrasting views on the economic outlook and the appropriate monetary policy response.

T.J. Maxx parent TJX Cos. anticipates a robust holiday season as the off-price retailer continues to attract budget-conscious shoppers seeking value amid inflation. The company is successfully leveraging its discount offerings to meet the needs of consumers looking for affordable shopping options.

Gold prices settled 0.4% higher at $4077.70, ending a four-session losing streak. Silver also saw an increase, settling 0.7% higher, marking gains in two of the last three sessions. This positive movement in precious metals comes amid fluctuating market conditions.

Lowe's reported third-quarter sales of $20.81 billion, driven by growth in its professional builder segment. The company expressed optimism that the ongoing downturn in home improvement may be beginning to reverse, indicating a potential recovery in the market.

The increasing use of Chinese technology in European infrastructure is raising security alarms. Norway conducted a test by driving a Chinese-made bus down a mine to assess its vulnerability to hacking, highlighting concerns over the safety and reliability of such technology in critical systems.

Crude oil inventories in the U.S. decreased by 3.4 million barrels last week, according to the EIA. This decline is attributed to increased exports and higher refinery utilization rates.