- Black Friday and Cyber Monday spending hit a record, as consumer confidence rises.
- Strategists project falling inflation next year, aggressive Federal Reserve rate cuts as soon as the first quarter, and the S&P 500 well above 5,000. Others are still bracing for recession in 2024.
- Charles Munger, Warren Buffett’s righthand man at Berkshire Hathaway, dies at 99.
- Tesla Inc. (NASDAQ: TSLA) begins Cybertruck deliveries, as Ford Motor Co. (NYSE: F) blames labor costs for its lower guidance.
- Walt Disney Co. (NYSE: DIS) CEO announces plans to step down, and activist investor Nelson Peltz launches Disney proxy fight.
- OPEC announces further production cuts.
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