Group 1: Market Movements - Bitcoin (BTC-USD) has fallen below $90,000 for the first time in seven months, now sitting nearly 30% below its October peak above $126K, indicating a broader pullback in investor risk appetite [6] - Travel stocks have declined following Google's introduction of a new AI-fueled search engine [12] Group 2: Corporate Actions - Peter Thiel's fund has sold its entire stake in Nvidia (NVDA), while Warren Buffett's Berkshire Hathaway (BRK.B) has disclosed a new investment in Alphabet (GOOGL) [4] - Novo (NVO) has reduced direct-to-user prices for its products Wegovy and Ozempic [11] - Chevron (CVX) is exploring the acquisition of foreign assets from Lukoil [11] Group 3: Regulatory Changes - The SEC has ruled that companies can exclude shareholder proposals from proxy materials, potentially complicating investor activism [5] Group 4: Economic Indicators - Fed's Waller advocates for another 25-basis point rate cut in December [12] - In the markets, major indices are showing declines, with Dow down 0.5%, S&P down 0.3%, and Nasdaq down 0.4% [12]
Bitcoin Wipes Out Gains For 2025