Is the US drafting secret peace plans with the Russians?
The US has apparently been secretly drafting plans with Russia to end the war in Ukraine, per Axios, raising questions of whether Ukraine would accept a deal made without its input. It comes as Russia’s two biggest oil companies – Lukoil and Rusneft – are about to have US sanctions enforced against them on November 21, upping the Kremlin’s incentives to make a deal Meanwhile, Russia is inching forward on the battlefield and just carried out a deadly attack in Western Ukraine, while Zelensky is in Turkey trying to revive peace talks on his own terms.
Markets on edge as world’s most valuable firm set to announce earnings
The AI chip design firm Nvidia, valued at roughly $4.6 trillion, will reveal its third-quarter earnings when markets close at 4 pm ET time, amid growing concerns that there is an AI bubble. Fears over potential overvaluation of AI firms are contributing to a selloff this month, with the tech-heavy Nasdaq index dropping 5%. The share price of Nvidia itself has dropped 4% this week. Analysts have set the bar high for Nvidia’s earnings, with some market participants anticipating profit growth above 50% – less could spur a drop in stock value.
