US stock indexes slipped yesterday as investors weighed the sudden departure of Nvidia founder/CEO Jensen Huang

Hong Kong's Hang Seng Tech index is up 5% MTD while global peers are negative

India's NIFTY 50 index bounced back 13% to become the world's best index in Q4

US yields hit a one-month high on rising odds of a 50 bps rate hike

Aussie dollar dropped to a YTD low after RBA hiked rates five times this year

Gold is trading at a one-year low

Cerebras beat Q3 earnings and revenue estimates and issued strong guidance on the back of a new Microsoft deal (CNBC)

Nebius beat Q3 earnings and revenue estimates but issued poor FY guidance and raised capex forecasts amid uncertainty over the AI buildout (CNBC)

Cisco beat Q1 earnings and revenue estimates and forecast AI infrastructure revenue to double as it catches up in the AI boom (CNBC)

Applied Materials beat Q4 earnings and revenue estimates fueled by AI-driven demand for semiconductor services (WSJ)

Full calendar here

The Nvidia drama may all be unfolding very quickly but it's a good time to remember that founder/CEO ousters aren't always so straightforward for leading tech companies. Steve Jobs, Jack Dorsey, Travis Kalanick, and Sam Altman to name a few

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Jensen Huang is out from Nvidia (CNBC)

Nvidia named CFO Colette Kress as interim CEO (WSJ)

Jensen Huang often publicly belittled Colette Kress in meetings (WSJ)

Jensen Huang had a third affair with a second Nvidia employee (RT)

Jensen Huang has suddenly become hopeless and dejected in demeanor (BBG)

Jensen Huang hired law firm Paul Weiss (NYT)

Jensen Huang's exit will test the AI trade and Great Man theory (WSJ)

Senate banking committee called on Jensen Huang and Lutnick to testify (RT)

Trump says Tim Cook should replace Jensen Huang as Nvidia CEO (RT)

Fed will meet only seven times next year (RT)

US confirmed intervention in yen markets (BBG)

Short sellers are piling into rate-sensitive stocks (BBG)

Hedge fund leveraged bets face new global push on transparency (BBG)

Blackstone and PIMCO set eyes on Middle East infrastructure boom (BBG)

India will ban PE firms from controlling multiple non-bank lenders (RT)

Kalshi cut ties with Trump Jr. after Democrat sweep (FT)

De Beers suitor aims to bring back natural diamonds into fashion (BBG)

Cravath employee charged with insider trading using deal information (WSJ)

Trump is weighing leaving Iran conflict as is (BBG)

Vance, Rubio, Ossoff and Buttigieg emerge as 2028 favorites (RT)

US home sales fall to lowest level since 2010 (FT)

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SpaceX and Tesla merger talks are progressing

PE firms CD&R and GTCR dropped their pursuit of $24B-listed payments processor Global Payments

Regional lender Hancock Whitney will buy smaller peer Trustmark in a $3.2B all-stock deal at a 20% premium

$1.6B-listed UK challenger bank Metro Bank is pursuing a sale

Pfizer raised $1.5B from Blackstone Life Sciences to support a $10B obesity drug acquisition from biotech Metsera

Indian investor-operator platform Bodhi Tree Systems acquired a majority stake in homegrown food chain A2B at a $350M valuation 

Bluestone Equity Partners acquired events design company 11th St. Workshop for $90M

UK-based Arcus Infrastructure Partners is weighing a sale

Brazilian state-owned Petrobras is in talks to acquire a stake in the Bumerangue oil block off Brazil from BP

Kalshi is in talks to raise funding at a $65B valuation to build a ​new platform for trading compute futures

Mirendil, a frontier AI R&D tools startup, raised a $1B Series A led by Kleiner Perkins and Clearlake

European defense technology company UFORCE raised a $700M Series A at a $6B valuation co-led by Valor Equity Partners

Agile Robots, a German robotics company, raised a $500M funding round at an $8.5B valuation led by SoftBank and Nvidia

AI startup LangChain, a platform that helps developers build AI applications and agents, raised $300M at a $3B valuation led by CapitalG

Q-CTRL, a quantum infrastructure software company, raised a $290M Series C at a $1B valuation led by Salesforce Ventures

Zeromatter, an autonomous-systems simulation company, emerged from stealth and raised $160M at a $1.1B valuation

Imprint, a payments and customer loyalty platform, raised $130M in a new funding round led by Khosla Ventures and Positive Sum

Databento, the market data platform for modern finance, raised a $100M Series C at a $1.1B valuation led by Fifth Down Capital

Index_inds, a real estate index tokenization startup, raised a $50M seed round led by Lightspeed

Mount Thor, a cloud infrastructure company specializing in Apple hardware, raised $45M across a seed and Series A co-led by CRV and Conviction

4Minds, a contextual AI platform for enterprises, raised a $15M Series A at a $500M post-money valuation from Waterwood Capital, Isom Holdings, and others

Anthropic’s $90B IPO is six times oversubscribed

Nvidia has pledged to buy $10B of Anthropic shares as part of a $26B private placement concurrent with its IPO

Keurig Dr Pepper is planning a $2B stock offering to cut debt ahead of its planned breakup

Chinese online marketplace Zhuanzhuan filed confidentially for a potential $500M Hong Kong IPO

Novo-backed respiratory disease-focused Windward Bio raised $220M for a $1B market cap in its US IPO

Kenyan supermarket chain Quickmart surged 33% in its trading debut after raising $115M in Kenya's second IPO of 2026

Japanese news aggregator SmartNews is seeking to raise $70M at a $270M valuation in a Japan IPO, 80% lower than its 2021 Series F valuation

Medical and engineering equipment distributor Concordia is seeking to raise $200k in Myanmar's first IPO in three years

CoreWeave's $4B investment grade bond sale will be backed by a Meta contract

Alphabet raised $3.8B in debut Hong Kong and Singapore dollar bond sales

Internet Brands, the KKR-backed owner of WebMD, FindLaw, and others, is in talks to raise $3.5B of junk debt for a refinancing

Blackstone-backed data center developer Rowan Digital Infrastructure raised $1.5B in new financing from lenders including Citigroup

Berkshire Hathaway raised $1.1B in a yen bond sale

Papa ZHS, A Pennsylvania-based Papa John's franchisee, filed for Chapter 11 bankruptcy

Norwest, a growth investment firm backed solely by Wells Fargo, raised $4B for its eighteenth fund to continue investing in tech, healthcare, and consumer companies

Ares raised a $3.6B CV for a 2018 private credit vintage led by Coller EQT in its biggest credit secondaries deal yet

Blackstone is seeking to raise $3B for a real estate secondaries fund

Dutch FOF platform Marktlink Capital raised $110M for its fourth VC FOF

Astorg Partners is seeking a second CV deal for European administrative services provider IQ-EQ

Binance has covered all $6.3B of stolen customer crypto

DOJ has seized $1.2B of crypto stolen from Binance by North Korea

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FT published a special report on Investing in America: a multiple-piece analysis of how US has fared in incoming investment amid Trump's tariff and deal-centric economic policy.

FT also published some anecdotal data on how other CEO transitions have affected stock prices.