Business & Finance Summary

Two businessmen have been detained over allegations of smuggling Nvidia chips to China, according to the Department of Justice. These chips, specifically the H100 and H200 models, are integral to AI technologies.

Meanwhile, a majority of workers expecting year-end bonuses plan to quit their jobs after cashing their checks, highlighting a trend of employee turnover post-bonus season. In the markets, investors are reacting to the upcoming Federal Reserve rate-setting meeting, with speculation around interest rate hikes in the Eurozone, Australia, and Canada, potentially leaving the U.S. as an outlier.

Asian markets have shown a downward trend following Wall Street losses, as investors remain cautious ahead of the Fed's decision. The situation reflects broader economic concerns as the Federal Reserve prepares to meet on December 9, with a decision expected by December 10.

Corporate news continues to dominate, with interest in the drama surrounding major companies like Paramount, Warner Bros, and Netflix, even as the broader market sees declines.