Investing.com -- Global chip stocks are trading higher on Thursday while U.S. markets are closed for the Thanksgiving holiday. OPEC has postponed its upcoming meeting to discuss unwinding supply cuts, and the Federal Trade Commission is probing Microsoft. Here's your look at what's happening in markets.Shares of major global semiconductor equipment companies rose sharply on Thursday following a report that new U.S. sanctions on China’s chip industry may be less severe than expected.
Oil markets are on guard over a potential global supply glut in 2025, spurred chiefly by record-high U.S. production.) shares fell in after-hours trade after the Federal Trade Commission launched a broad-based antitrust investigation, spanning several areas of the software giant's business, including cloud computing, artificial intelligence and cybersecurity.
Bitcoin has hit a series of records since the Nov. 5 presidential election, boosted by expectations the incoming Trump administration will be extremely pro-crypto. But analysts at Compass Point said Wednesday that Trump’s plans for a Bitcoin strategic reserve had limited scope, with the U.S. Treasury unlikely to approve more deficit-driven funding for the government to buy Bitcoin.Black Friday marks the start of the holiday shopping season, which will offer a key indication of how U.S. consumers are coping with higher prices.