Fed's Beige Book Shows K-Shaped Split Deepens | Bloomberg Businessweek Daily 11/26/2025

Oil prices have edged lower as traders focus on ongoing peace talks regarding the Ukraine conflict and anticipate an OPEC+ meeting this weekend. The market is reacting to geopolitical developments, which are influencing oil supply and demand dynamics.

U.S. stocks rose, with technology shares leading the rally, as investors reacted positively to expectations of interest rate cuts. This upward trend marks a continuation of gains observed over the previous days, reflecting a strong investor sentiment during Bloomberg's market close coverage.

Global transactions valued at $10 billion or more reached a record 63, driven by deregulation under former President Trump and diminishing trade war concerns, leading to a surge in mergers and acquisitions on Wall Street.

Oil prices have seen a slight increase as investors await further clarity on supply dynamics and ongoing negotiations between Russia and Ukraine. This uptick reflects market reactions to geopolitical tensions and the potential for changes in oil supply.

Angelo Zino, a senior equity analyst at CFRA Research, stated that AI valuations have recently corrected themselves, leading to increased investor comfort. This assessment was shared during an interview on Bloomberg Tech with Tim Stenovec.

ACI Worldwide's CFO, Robert Leibrock, reported that despite a slowdown in consumer spending in the U.S., the company is experiencing growth in demand for digital payment systems in underbanked regions of Latin America and Asia. This trend highlights the expanding reach of financial technology in areas previously lacking access to banking services.

Oil futures settled higher after a volatile trading session, showing resilience despite bearish signals from U.S. crude and product stock builds. The market's focus shifted towards ongoing peace negotiations between Russia and Ukraine, which are influencing trader sentiment.

Nancy Tengler, CEO and CIO of Laffer Tengler Investments, articulated her perspective on the current AI trade, asserting that it differs significantly from the dot-com bubble of the 1990s during an interview on Bloomberg Tech with Tim Stenovec. She emphasized the unique characteristics of the AI market that set it apart from past speculative bubbles.