Moody’s Investors Service has upgraded Italy’s credit rating to Baa2, citing expectations of declining debt and a stable outlook. This development is seen as a significant boost to market confidence in Italy’s economic reforms and fiscal discipline. Analysts suggest that this upgrade could potentially lower borrowing costs for Italy, enabling the government to allocate more resources to economic recovery efforts. However, some skeptics warn that sustained fiscal discipline will be critical to maintain this positive trajectory in the long term . World Street Journal (International)

Bitcoin experienced a 2% decline, marking its worst monthly performance since June 2022. Simultaneously, Michael Saylor’s Strategy, a bitcoin-holding firm, saw its shares fall by 3.7% amid fears of exclusion from MSCI indexes. Analysts attribute the ongoing downturn to broader market volatility and skepticism over the sustainability of the cryptocurrency market. This raises fresh questions about the viability of digital currencies as a stable investment option in turbulent economic conditions . The Information

The S&P 500 fell nearly 2% over the past week as concerns about a potential AI bubble caused sharp intraday market swings. These fluctuations highlight investor unease about tech valuations amidst broader economic uncertainty. While some commentators view this as a necessary correction, others caution that it could signal deeper instability in financial markets. The coming weeks are expected to be pivotal as investors recalibrate their risk tolerance . Wall Street Journal (Markets)

Bill Ackman, the billionaire investor, is planning to take his hedge-fund management company, Pershing Square, public alongside a new closed-end fund in early 2026. This simultaneous IPO strategy is seen as a bold move to attract significant capital while diversifying investment opportunities. Experts suggest that Ackman’s reputation and track record could attract substantial interest, but market conditions and investor sentiment will play a decisive role in the success of this initiative . Wall Street Journal (Markets)

President Donald Trump has given Ukraine a deadline of Thanksgiving to respond to his proposed 28-point peace plan aimed at ending the war with Russia. The plan includes significant territorial concessions and the capping of Ukraine’s military, which has sparked criticism from both Ukraine’s allies and members of Trump’s Republican Party. Observers note that while the proposal could expedite peace, it risks undermining Ukraine’s sovereignty and emboldening Russia. Ukrainian President Volodymyr Zelenskyy has expressed concern over the pressure to accept such terms . USA Today World Street Journal (International)

The Federal Aviation Administration (FAA) has warned pilots about heightened risks when flying over Venezuela due to increased military activity and security threats. This advisory coincides with the Trump administration’s intensified pressure on Venezuelan President Nicolás Maduro, including military exercises and anti-drug operations in the region. Aviation experts urge caution but note that such warnings are not uncommon in conflict zones. Analysts speculate that the U.S. may be preparing for further actions against the Maduro regime . bostonglobe.com

Salesforce and Crowdstrike have disclosed separate security breaches linked to the Scattered Lapsus$ Hunters, a hacking group. Both companies are investigating attempts to steal internal data, raising concerns about escalating cyber threats targeting major tech firms. Experts underscore the need for robust cybersecurity measures as these incidents highlight vulnerabilities in even the most advanced systems. These breaches also underline the reputational risks companies face in the digital age . The Information

Marjorie Taylor Greene, a Republican congresswoman from Georgia, has announced her resignation effective January 2026 after a public fallout with President Donald Trump. The dispute centered on the release of the Epstein files, with Greene breaking ranks to support transparency despite Trump’s opposition. This development marks a significant shift in the dynamics within the Republican Party and raises questions about the political cost of dissent in Trump’s orbit. Greene’s departure is expected to further deepen divisions within the party . USA Today Wall Street Journal (politics)