The torrent of billion-dollar investment announcements related to artificial intelligence has raised fears that the economy is sitting on a bubble that, if popped, could send it into a tailspin.

Admiral Alvin Holsey, the commander of U.S. Southern Command, is retiring after just one year on the job. His command is responsible for deadly strikes on boats off Venezuela that the Trump administration says are carrying drugs and cartel members to the U.S. NBC News’ Courtney Kube reports.

President Trump posted on Truth Social after a phone call with Russian President Putin that the two will meet in Budapest, Hungary, for a second round of in-person talks to end the war in Ukraine. NBC News’ Monica Alba reports on key lines from their phone conversation.

Some of the nation’s biggest banks are now reporting strong earnings and the head of JP Morgan says despite uncertainty over tariffs, trade and the risk of inflation, the economy has generally remained “resilient.” NBC’s senior business correspondent Christine Romans joins TODAY to break down what the profit growth for big banks means for the average American consumer.

Shoppers nationwide are already stocking up ahead of Thanksgiving as meal deals begin to roll out early, including Aldi’s $40 bundle that will feed 10 people. These offerings come during new warnings of economic factors and disease challenges driving up the cost of turkey, but consumers are still finding ways to cut costs around the dinner table. NBC’s Brian Cheung reports for TODAY.

U.S. automakers are trimming their outlook for electric vehicles amid lingering consumer doubts, a pullback in federal support and a challenging economic landscape that is affecting all auto sales.

Trump’s rescue plan for Argentina could reach $40 billion with an injection of private sector loans, said Treasury Sec. Scott Bessent.

President Trump said he is considering land strikes against drug cartels after U.S. military strikes on alleged drug boats off Venezuela. He also revealed he has authorized CIA action inside Venezuela. NBC News’ Courtney Kube reports.

A federal judge granted a temporary restraining order blocking the Trump administration from laying off federal workers during the government shutdown. 

Seven nonprofits that have been critical of OpenAI, the creator of ChatGPT, say it sent them wide-ranging subpoenas as part of its litigation against Elon Musk.