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Global Financial Landscape - Just My View with Andrew O'Donnell

Global Financial Landscape - Just My View with Andrew O'Donnell

Duration 10m

The global financial landscape in November was a tale of contrasting fortunes. Stocks surged in various regions. Oil prices continued their fluctuation, falling to $74.86/barrel, while gold exceeded the $2,000 mark, buoyed by expectations of the Fed cutting rates and a weakened dollar. Apple severed ties with Goldman Sachs Group for its credit card partnership, while Warren Buffett's trusted confidante, Charlie Munger, passed away, leaving Berkshire Hathaway with a void difficult to fill. General Motors announced a $10 billion share buyback and a boosted dividend despite reduced profit expectations. Hewlett Packard Enterprise beat profit estimates but predicted a gloomy quarter ahead due to unfavorable macroeconomic conditions. Meanwhile, Nio Inc, a Chinese carmaker, joined forces with Zhejiang Geely Holding Group for a strategic partnership on battery swapping.