Inflation Holds Steady, Trump Sues JPMorgan, Intel Tanks, and TikTok Survives
Inflation held at 2.8% in November's PCE above the Fed's 2% target keeping rate cuts on hold as stocks rallied; President Trump sued JPMorgan for $5 billion alleging political debanking after account closures following January 6th; Intel beat earnings but tanked 13% on weak guidance from supply constraints; and TikTok survived the U.S. ban by forming a joint venture with American majority board and independent entity structure.
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