Japan has approved a significant $135 billion stimulus package aimed at supporting households under financial strain and boosting the economy. The measures come as a response to voter concerns about economic pressures, signaling the government’s commitment to easing financial burdens. Analysts expect this injection to stimulate domestic consumption and improve economic stability in the medium term. However, it raises questions about the long-term sustainability of such fiscal policies given Japan’s high public debt levels. World Street Journal (International)

The Singapore dollar and other Asian currencies have faced consolidation as the Federal Reserve reduces the likelihood of interest rate cuts. According to MUFG Bank, the resilient US dollar continues to weigh on regional currencies, reflecting broader concerns over the global interest rate outlook. Emerging markets may face further challenges if tightening monetary policies persist, potentially increasing capital outflows. Wall Street Journal (Markets)

Crude oil prices slipped following reports of diminishing tensions between Russia and Ukraine, suggesting potential progress toward peace. ANZ analysts noted that any formal peace agreement could have broader implications for global energy markets, potentially reducing supply risks. However, the market remains cautious, as geopolitical developments often shift unpredictably. Wall Street Journal (Markets)

Walmart reported a 34% rise in profit to $6.1 billion, driven by increased consumer spending on affordable goods amidst ongoing cost-of-living challenges. The retailer saw a 4.5% sales increase at comparable stores, though it noted spending moderation among low-income households. This signals a broader trend of consumers turning to value-oriented retailers, while highlighting economic pressures on middle- and lower-income families. bostonglobe.com

Verizon announced layoffs impacting 13,000 employees as part of a broader strategy to simplify operations and enhance customer experience. CEO Dan Schulman emphasized the need to address inefficiencies and reallocate resources effectively amid rising market competition. The restructuring reflects broader trends in the telecommunications industry, where cost pressures and technological shifts are reshaping business models. bostonglobe.com

Major US banks have scaled back plans for a $20 billion bailout for Argentina, opting instead to discuss a short-term facility to assist with a $4 billion debt payment due in January. The decision underscores the challenges of stabilizing Argentina’s financial situation amid political and economic uncertainties. World Street Journal (International) Wall Street Journal (Markets)

President Donald Trump has presented a 28-point peace plan to end the war in Ukraine, proposing concessions such as land cessions to Russia and restrictions on Ukraine’s military capabilities. European leaders and Ukrainian officials have criticized the plan, seeing it as overly favorable to Moscow. The plan’s terms, including NATO limitations and recognition of Russian-controlled territories, have raised concerns about undermining Ukraine’s sovereignty and emboldening Russian aggression. bostonglobe.com USA Today bostonglobe.com

The approval of Japan’s stimulus measures could have far-reaching implications for the region. By prioritizing household support, the government aims to address voter concerns and stimulate domestic demand. However, questions remain about the effectiveness of such measures in addressing structural economic challenges, particularly in light of Japan’s aging population and low productivity growth. World Street Journal (International)

After an initial rally fueled by robust earnings, Nvidia’s stock experienced volatility as concerns over an AI investment bubble resurfaced. While the company forecasts strong revenue growth, some analysts warn of overinvestment risks in the AI sector. The broader market remains cautious about whether AI spending can sustain long-term profitability, especially as companies like Meta and Oracle face increased debt burdens tied to AI projects. Wall Street Journal (Markets) bostonglobe.com

The Trump administration’s plan to expand offshore oil drilling off the California coast has sparked widespread criticism from state officials and environmental groups. Critics argue that the proposal prioritizes oil industry interests over environmental sustainability and local economies reliant on tourism and fisheries. The contentious plan faces significant regulatory and legal challenges, particularly in states with strong climate policies. bostonglobe.com