Stock Market News·2025-11-26 20:08Group 1: Political Developments - U.S. President Trump announced a boycott of the upcoming G20 summit in South Africa, citing "severe human-rights abuses against Afrikaners" including killings and land seizures [2][3] - Trump stated that South Africa blocked a U.S. Embassy representative from receiving the G20 presidency handover, leading to punitive measures including barring South Africa from the 2026 G20 in Miami and halting all U.S. payments and subsidies to Pretoria [3] Group 2: Corporate Developments - S&P Global upgraded its outlook for Uber Technologies Inc. (UBER) to Positive from Stable, reflecting confidence in the company's strong organic growth and increasing cash flows, with potential for a further credit rating upgrade in the next 12-24 months [4] - FedEx (FDX) plans to cut 856 jobs in Texas due to a key customer moving its business, highlighting competitive pressures in the shipping industry [10] Group 3: Economic Indicators - Brent Crude futures settled at $63.13 per barrel, up $0.65 or 1.04%, while U.S. Crude Oil futures rose $0.70 or 1.21% to $58.65 per barrel, indicating a slight strengthening in oil prices amidst global market dynamics [7]