Business & Finance Summary

The Organization for Economic Co-operation and Development warns that an AI bubble poses a "key downside risk" to the U.S. economy, predicting that growth will slow and inflation will rise in the country next year.

Meanwhile, Euro zone inflation has increased slightly to 2.2% in November, as reported by Eurostat, reflecting ongoing economic pressures. In corporate news, Bayer shares surged by 12% following support from the Trump administration to limit Roundup lawsuits, marking a significant shift in the legal landscape impacting the agricultural giant.

In the realm of technology, Tesla CEO Elon Musk has publicly defended H-1B visas, expressing concerns about market distortions caused by tariffs, a stance that aligns with his company's labor needs amid a competitive job market.

The economic outlook remains mixed as small business survival strategies are being discussed, with experts suggesting that businesses need to narrow their focus to remain viable in challenging conditions.

In international developments, India's economy continues to show resilience, bolstered by domestic consumer and manufacturing sectors, despite skepticism surrounding the accuracy of growth data. Conversely, the UK faces high borrowing costs, with market confidence in the government waning despite recent fiscal tightening measures.

Finally, as the Federal Reserve anticipates changes in leadership, discussions around potential candidates for the next chair are heating up, signaling a period of uncertainty in U.S. monetary policy decisions.

Overall, these trends highlight the complex interdependencies between corporate actions, economic indicators, and global financial markets.