Stock Market
Fed holds rates; Alphabet falls 10% after hours on an earnings miss
The Federal Reserve kept rates at 3.75% to 4% in a 10-2 vote, with two officials pushing for a hike as inflation stays elevated. Stocks edged up for a third day, with the S&P 500 at 7,743.98 (+0.28%), the Dow at 52,475.10 (+0.19%) and the Nasdaq at 26,549.85 (+0.27%), even as the 10-year Treasury yield climbed to about 5%. After the close, Alphabet fell about 10% on its first earnings miss in nearly four years as search ad growth slowed to 12%, while Microsoft rose 2.6% on a revenue beat and 48% Azure growth.
Read more at Capp Notes →
Technology
Google's new top model, Gemini 4 Carbon, goes to cyber defenders first
Google has announced Gemini 4 Carbon, its most capable model yet, built for long-running coding and engineering work that can stretch over days. It is especially strong at security tasks, finding vulnerabilities on 88% of one major benchmark, so Google is releasing it first to a small group of cyber defenders and taking part in US government pre-release testing. Wider access for developers, businesses and consumers is promised as soon as possible.
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World News
High-speed train crash in Spain kills at least 68
A Renfe high-speed train from Madrid to Seville slammed into the back of a stationary Iryo train near Urda, in Toledo province, on Wednesday morning, killing at least 68 people and injuring about 80. Spain's transport minister said a signaling system had failed along a 63-kilometer stretch and called the decision to let the Renfe train continue "inexplicable." Prime Minister Pedro Sánchez declared three days of mourning, and high-speed service between Madrid and Andalusia is suspended.
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Movies
Full trailer for Tony Gilroy's Behemoth! with Pedro Pascal
Searchlight has released the full trailer for Behemoth!, the new film written and directed by Andor creator Tony Gilroy. Pedro Pascal plays a former child prodigy and traveling cellist who returns to Los Angeles to record film scores, with each cue he plays triggering flashbacks to why he left. Hank Azaria, Will Arnett and Olivia Wilde co-star, and it opens in theaters December 4.
Read more at Dark Horizons →