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Markets still expect two or three rate cuts in 2025. That could be too optimistic.

(Telecompaper) Telefonica said it has reached an agreement with Epic Games to preinstall the latter’s Epic Games Store on millions of Android devices on its network…

Oil prices were broadly stable as bearish demand trends offset support from tougher sanctions against Russia, with EU ambassadors agreeing on a new package of sanctions, targeting the so-called “shadow fleet” the Kremlin has been using to trade crude.

Europe’s natural-gas prices dropped after forecasts of milder temperatures, however ANZ said market balance remains delicate, with the expiration of the transit deal between Ukraine and Russia by the year end, and prices will skew to the upside if the weather turns colder.

Alphabet’s sagging stock has been primed for any good news, but quantum computing’s payoff is years away at best.

U.S. natural gas futures gained with a cold blast moving across the upper Midwest and into the Northeast, prompting a bout of short-covering. The Nymex front month settled up 6.8% at $3.378/mmBtu.

Siri and Writing Tools – a feature that helps users by rewriting, proofreading and summarizing text – are now integrated with ChatGPT. But the jury is out on whether smartphone users are as jazzed about AI capabilities as Apple.

Comcast Business has struck a deal to acquire Nitel, a network-as-a-service specialist focused on midsized and enterprise customers. Nitel CEO Margi Shaw is late of Cimco, a CLEC that Comcast acquired in 2009.

Gold edged higher in the early Asian session, supported by ongoing prospects of a Fed rate cut next week.

Japanese stocks were higher, led by gains in tech and electronics stocks, as hopes continue for the Fed’s rate cut next week.