Wall Street ends higher as Federal Reserve rate cut bets gather momentum

Taiwan's president announced plans to propose an additional $40 billion in defense spending, signaling a significant increase in military investment amid regional tensions. This proposal aims to bolster Taiwan's defense capabilities and enhance its security posture in the face of external threats.

Deasy Dana S, the Chief Information and Digital Officer at Boeing, has purchased $99,000 worth of Boeing stock, reflecting a personal investment in the company. This transaction was reported by Investing.com and highlights the ongoing financial activities of corporate executives within the aerospace sector.

Seth Meyer, the chief economist of the USDA, has announced his decision to step down from his position. This change comes as part of a broader transition within the agency, which plays a crucial role in shaping agricultural policy and economic analysis in the United States.

Wall Street futures have remained steady as expectations for a potential interest rate cut by the Federal Reserve in December continue to rise. This stability follows a recent rebound in technology stocks, which had previously faced volatility due to inflation concerns and market fluctuations.

Macquarie has downgraded NIO's stock rating to Neutral and reduced its price target due to weak demand for the Onvo model and concerns over policy risks affecting the company's performance. This decision reflects a cautious outlook as NIO faces challenges in the current market environment.

Workday reported lukewarm quarterly subscription revenue, leading to a decline in its shares. This performance reflects ongoing challenges in meeting market expectations, as investors reacted negatively to the company's financial results.

Japan's leading indicator of service inflation rose to 2.7% in October, reflecting ongoing pressures on consumer prices. This increase is significant as it indicates a persistent inflationary trend that exceeds the Bank of Japan's target, prompting discussions about monetary policy adjustments.

Sun Kang, CEO of Amprius Technologies, has sold $692,000 worth of stock in the company, a move reported by Investing.com. This transaction raises concerns regarding the company's financial health and the CEO's confidence in its future prospects.