Stocks Rise As Investors Bank On December Rate Cut

Dow rises 400 points as weak ADP jobs report spurs rate cut hopes (CNBC)

Payrolls at US Companies Fall by Most Since 2023, ADP Says (Bloomberg)

Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says (CNBC)

Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision (CNBC)

Bond investors warned US Treasury over picking Kevin Hassett as Fed chair (FT)

Microsoft Lowers AI Software Growth Targets as Customers Resist Newer Products (The Information)

Nvidia’s Fat Margins Are Google and AMD’s Opportunity (WSJ)

Nvidia Scores Lobbying Win as Congress Rejects Chip Export Bill (Bloomberg)

Anthropic taps IPO lawyers as it races OpenAI to go public (FT)