Economy

• Asia-Pacific markets slide after subdued Wall Street session - Asia-Pacific markets slid on Friday following a subdued Wall Street session.
• Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says - The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.
• Ukraine, trade, pandas: What China's Xi and France's Macron discussed in Beijing - China said it is open to importing more high-quality goods from France while urging a "fair, conducive environment" for Chinese businesses in the European nation.
• Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision - The Treasury secretary cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.
• November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports - The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
• Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026 - President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering head count instead
• Euro zone inflation up a notch to 2.2% in November, flash data shows - Euro zone inflation stood at 2.2% in November, a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday.
• As regime change looms at the Fed, one candidate emerges as frontrunner for chair - President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet.
• India's industrial output grew just 0.4% in October, missing estimates - India's industrial output suffered due to weak manufacturing output and mining activity, low electricity consumption.
• ACA subsidies will be extended by 1–2 yrs: Healthcare strategist - Mizuho Americas healthcare equity strategist, Jared Holz, joins Market Catalysts host Julie Hyman to discuss the future of Affordable Care Act (ACA) subsidies and why he believes they're not likely to be eliminated anytime soon. To watch mo