Treasury Plans To Change Tax Credit Eligibility; Critics Say It Will Hurt Immigrant Taxpayers

Tyson Foods, the largest meat supplier in the U.S., is set to close one of its major beef-processing plants after incurring losses exceeding $425 million this year, despite near record-high beef prices. This decision reflects ongoing challenges within the meat processing industry.

Rising uncertainty about U.S. interest rates and fears of a potential AI bubble have increased demand for Treasurys, leading to lower yields during a volatile week in the markets.

Oil futures closed lower as the U.S. urged Ukraine to accept a peace plan to resolve the ongoing conflict with Russia. This decline reflects market concerns over geopolitical tensions and their impact on oil prices.

The latest Market Talks from The Wall Street Journal provide insights into U.S. luxury home sale prices, cryptocurrency trends, and other financial services. This roundup highlights key market dynamics and offers valuable information for investors and industry professionals.

Canadian retailers reported flat sales in October, indicating potential weaknesses in consumer resilience as the effects of the ongoing trade war with the U.S. continue to impact the market.

The U.K. autumn budget will be the focal point in the upcoming week, as markets anticipate its implications. In the U.S., uncertainty surrounding the Federal Reserve's interest rate decision in December is prompting close scrutiny of economic data.

The S&P Global Flash U.S. Composite PMI increased to 54.8, indicating a rise in business activity as the government shutdown concluded. This improvement reflects enhanced optimism for the upcoming year, driven by expectations of lower interest rates and a reduction in political uncertainties.

Paramount Skydance has secured the rights to broadcast the majority of Champions League matches in the U.K. and Germany, alongside holding U.S. media rights for the prestigious soccer competition. This acquisition was part of an $11.5 billion auction.