Bobbie Cast

11-12-2025 | Markets rally as Washington nears a deal, while shifting global demand reshapes business and technology.


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Companies: Gulfstream sees United States jet demand soar as China slows. The company reported strong sales in the United States, driven by business clients and resilient corporate spending, while demand from China remains weak as trade tensions and geopolitical uncertainty continue to weigh on orders. The Economy: Labor market cools as data releases delayed. With official reports disrupted by the ongoing government shutdown, private indicators showed hiring slowing across several sectors, increasing expectations that the Federal Reserve could cut interest rates sooner than anticipated. Politics: Supreme Court extends food aid funding pause. The Court maintained a temporary hold on a ruling that would have required full Supplemental Nutrition Assistance Program payments, while Congress advanced a short-term funding bill aimed at reopening the government and restoring suspended services. Markets: Stocks rise on shutdown optimism as SoftBank exits Nvidia. The Dow Jones Industrial Average reached a record close amid signs of progress toward a budget deal, while technology shares fell on renewed artificial intelligence valuation concerns, and SoftBanks sale of its remaining Nvidia stake added pressure on technology stocks as investors reassessed capital flows in the sector.

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Bobbie CastBy Bobbie Cast