Thursday Afternoon Links

[CNBC] S&P 500 falls as Microsoft dives 12%, software stocks tumble: Live updates

[AP] Democrats block government funding package in Senate as negotiations continue to avert a shutdown

[Yahoo/Reuters] US factory orders rebound in November on commercial aircraft demand

[Yahoo/Telegraph] ‘Shadow banks’ quizzed over meltdown threat from hidden losses

[Bloomberg] US High-Grade Bond Sales Top $200 Billion in Record Yearly Start

[Bloomberg] Wall Street Braces for AI Bond Binge as Complacency Fears Mount

[Bloomberg] Microsoft Heads for Worst Market Loss Since DeepSeek Hit Nvidia

[Bloomberg] Half of Americans at High Risk of Power Shortfalls Amid AI Boom

[Bloomberg] Texas Data Centers, Crypto Miners Reduced Power Use During Storm

[Bloomberg] Blue Owl Investors Pull 15% of Assets From Tech-Focused Fund

[WSJ] Trump Says Deal Is Close With Democrats to Avert Shutdown

[WSJ] How a BlackRock Loss Reignited Worries About What Is Hiding in Private Credit

[FT] Microsoft sheds $430bn in market value as AI spending spooks investors

[FT] Norway’s $2tn fund stress tests hits from climate shocks to AI correction