Chinese ’right on schedule’ for US soybean purchases, Bessent tells CNBC

Japan and the United States are reportedly considering the establishment of a public-private partnership to develop a memory chip manufacturing plant. This initiative aims to bolster semiconductor production capabilities amid increasing global demand and supply chain challenges.

Gold prices have stabilized after a nearly 1% increase in the previous session, driven by rising expectations of an interest rate cut by the Federal Reserve. This sentiment reflects a growing belief among traders that the Fed may reduce rates in December, influencing the demand for gold as a safe-haven asset.

Osaka Gas is planning to increase its investments in US gas-fired power plants, driven by the rising demand for reliable energy due to the growth of artificial intelligence and data centers. This strategic move reflects the company's response to evolving market needs and technological advancements.

Initial jobless claims in the US have decreased by 6,000 to 216,000 for the week ending November 22, marking the lowest level since mid-April. This decline in claims indicates a reduction in layoffs and suggests a more stable labor market.

HP has announced plans to cut up to 6,000 jobs globally by 2028 as part of a significant restructuring effort aimed at accelerating product development through the adoption of artificial intelligence. This decision follows a lower-than-expected profit outlook for the upcoming year, reflecting ongoing challenges within the company.

Initial jobless claims in the US decreased by 6,000 to 216,000 for the week ending November 22, marking the lowest level since mid-April. This decline contrasts with economists' median forecast of 225,000 applications, while continuing claims rose slightly to 1.96 million, according to the Labor Department.

US core capital goods orders and shipments experienced a significant increase in September, indicating robust manufacturing activity and a positive outlook for the economy. This surge reflects strong demand for machinery and equipment, which are critical components for business investment and economic growth.

US mortgage applications for home purchases surged last week, reaching the highest level since early 2023, despite ongoing elevated borrowing costs. This increase indicates a renewed interest in home buying, suggesting that potential buyers are overcoming financial hurdles to enter the market.