Stocks rebounded on Thursday as US investors reacted to easing inflation pressures from the latest consumer price index, potentially influencing future interest rates. The Nasdaq led the gains with a 1.4% increase, driven by Micron’s strong earnings report. The S&P 500 and Dow Jones also rose. The CPI showed a 2.7% increase in inflation, below economist estimates, amid concerns over data reliability due to the government shutdown. Micron’s positive earnings pointed to strong AI demand, contrasting Oracle’s setback in a $10 billion data center project. Trump Media & Technology Group surged after a $6 billion merger deal with Tae Technologies, backed by tech giants like Google and Chevron. Cannabis stocks surged after Trump signed an executive action to reclassify cannabis under federal law, potentially leading to regulatory changes and economic growth. Tilray rose 2% and Canopy Growth jumped 6%.

Hut 8 announced a $7 billion deal with Google to build a data center complex for Anthropic in Louisiana, causing Hut 8 stock to fall 2% after a 20% gain. The move signifies a shift towards powering AI compute.

Micron’s stock soared 12%, boosting tech stocks as the company’s quarterly results reflected increased demand for memory chips. Semiconductor and software infrastructure industries also saw gains.

A complex inflation reading didn’t deter Trump’s team from boasting about lower prices, despite the implications it may have on further interest rate cuts.

UBS predicts that the AI industry could reach $3 trillion in revenue potential by 2030 as demand for AI compute remains strong, despite concerns of an AI bubble in tech stocks. Investment expert Hoffmann-Burchardi believes in strong market fundamentals, predicting AI market to hit $3.1 trillion by 2030. UBS forecasts S&P 500 to reach 7,300 by June 2026, boosted by AI adoption and earnings growth. Long-term equity performance expected from electrification and longevity trends.

BP shares drop 2.2% as CEO Murray Auchincloss steps down after failed pivot to fossil fuels. Meg O’Neill of Woodside Energy Group to replace him, becoming BP’s first female CEO. O’Neill’s track record of growth and capital allocation seen as positive for BP’s future.

Jobless claims drop to 224,000, while ongoing claims rise to 1.89 million. Mixed labor market data amid better-than-expected job gains in November and higher unemployment rate. CPI report shows inflation easing, raising likelihood of Fed rate cut in January.

US stocks rise on lower-than-expected inflation data for November. Nasdaq up 1.5% with strong Micron earnings, S&P 500 and Dow Jones also up. CPI report shows 2.7% inflation rise, below estimates. Labor market sees initial jobless claims at 224,000. Stock market futures rose after Consumer Price Index data showed lower than expected inflation, with the Nasdaq 100 leading the way up by 1.2%. Interest rates on 10-year US Treasurys dropped by 0.7% after the release of the inflation data, with headline CPI at 2.7% and core CPI at 2.6%, both below economist expectations. Meanwhile, UK stocks remained flat after the Bank of England cut interest rates to 3.75%, with the central bank expecting inflation to fall towards its target more quickly. Other central banks, including Sweden and Norway, maintained their borrowing rates.

Consumer prices in the US rose by 2.7% in November, coming in lower than analyst forecasts but still above the Federal Reserve’s target. The Bank of England cut interest rates to their lowest level in three years, with a 5-4 vote in favor of a 25 basis point cut. The central bank has now cut rates for the sixth time, aligning with the Federal Reserve’s recent decision to lower rates. Economic data released included Initial jobless claims, Consumer price index for November, Philadelphia Federal Reserve business outlook, and Kansas City Federal Reserve manufacturing activity. Earnings reports were expected from companies like Accenture, NIKE, and FedEx. Micron predicts strong earnings due to increased demand in AI technology. Trump Media to merge with fusion company TAE Technologies in a $6B deal. Lululemon stock rises as activist investor Elliott builds a $1B+ stake. Stock bulls face potential risks in 2026 related to AI, valuation, inflation, geopolitics, and more. Maplebear, Coinbase, Birkenstock, and Accenture experience premarket fluctuations. Warner Bros. takes a hostile turn in the latest business news. 1. Scientists have discovered a new species of spider in Australia, named the “Huntsman spider”. It is one of the largest spiders in the world, with a leg span of up to 12 inches. Researchers are studying its behavior and habitat to learn more about this fascinating creature.

2. The stock market has reached new record highs, with the Dow Jones Industrial Average surpassing 35,000 points for the first time. Analysts attribute this milestone to strong earnings reports from major companies and positive economic indicators.

3. A new study has found that regular exercise can reduce the risk of developing Alzheimer’s disease by up to 50%. Researchers recommend at least 30 minutes of moderate exercise per day to help protect against cognitive decline.

4. The United Nations has reported that over 82 million people worldwide have been forcibly displaced from their homes due to conflict, persecution, or human rights violations. This represents the highest number of displaced people in history, with over half of them being children.

5. In entertainment news, the highly anticipated sequel to the hit movie “Black Panther” has officially started production. The film is set to be released in 2022 and will feature returning cast members as well as new additions to the cast. Fans are eagerly awaiting more details about the plot and characters of the upcoming movie. 1. A new study reveals that eating a diet rich in whole grains can lower the risk of developing heart disease by up to 20%. Researchers found that individuals who consumed at least three servings of whole grains per day had healthier cholesterol levels and lower blood pressure.

2. The stock market experienced a significant drop today, with the S&P 500 falling by 3% and the Dow Jones Industrial Average dropping by over 600 points. Analysts attribute the decline to concerns about inflation and rising interest rates.

3. The United Nations has reported that over 1 million species are at risk of extinction due to human activities, such as deforestation, pollution, and climate change. This alarming rate of biodiversity loss could have devastating consequences for ecosystems and the planet as a whole.

4. In a groundbreaking discovery, scientists have identified a new species of dinosaur in Argentina. The newly named Bajadasaurus pronuspinax had a unique neck structure with forward-pointing spines, making it unlike any other dinosaur previously known.

5. The World Health Organization has declared a global health emergency in response to the ongoing outbreak of Ebola in the Democratic Republic of Congo. The outbreak has already claimed over 1,600 lives and continues to spread, raising concerns about the potential for a larger epidemic.

Read more at 1. Elon Musk’s SpaceX successfully launched 60 more Starlink internet satellites into orbit. The launch marks the company’s 26th mission this year. – CNBC

2. Apple announces plans to invest $430 billion and create 20,000 new jobs in the United States over the next five years. The tech giant aims to boost manufacturing and innovation in the country. – Wall Street Journal

3. The S&P 500 and Nasdaq close at record highs as positive earnings reports from major tech companies drive the stock market. Facebook, Apple, Amazon, and Google all beat expectations. – Reuters: Dow, S&P 500, Nasdaq jump after cooler CPI inflation reading as AI trade reignites