Stocks Rally On More Hope Of December Rate Cut

Dow rallies nearly 700 points on increased hope for a December rate cut (CNBC)

Consumer confidence hits lowest point since April as job worries grow (CNBC)

Market Volatility Underscores Epic Buildup of Global Risk (NYTimes)

Nvidia says its GPUs are a ‘generation ahead’ of Google’s AI chips (CNBC)

Google, the Sleeping Giant in Global AI Race, Now ‘Fully Awake’ (Bloomberg)

OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates (FT)

Oracle-Linked Borrowing Binge Worries Lenders (The Information)

Private Credit’s Sketchy Marks Get Warning Shot From Wall Street’s Top Cop (Bloomberg)