CNBC
The Fed expected rate cuts this year. Now it’s bracing for another inflation fight
The most recent inflation reading for October was higher than expected, coming in at 0.4% for the month.
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MARKET BRIEFINGS
Market Briefings
Market developments, company updates and economic policy. Stay informed with reporting from connected financial sources.
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What's ahead for AI financing after Nvidia CEO Jensen Huang departs
Jensen Huang’s resignation puts Nvidia’s AI financing strategy in focus as investors watch credit markets and neocloud exposure.
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CNBC
CNBC's Official NHL Team Valuations 2026: How the 32 franchises stack up
The average NHL team is worth $2.71 billion, 23% more than a year ago.
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The Guardian Business
Microsoft outage live: millions still affected as disruption stretches beyond 18 hours
Microsoft reports it is seeing some ‘positive results’ in its efforts to get its services back online for millions of customers around the world. Tell us: have you been affected by the Microsoft outage? Microsoft struggles to fix huge outage affecting Outlook and Teams What happened and when will it be fixed? There are plenty of essential services that remain unaffected by the outage, which is largely impacting email systems. The Australian Medical Association said it has so far not received any reports that hospitals or clinics are impacted. Impact is largely restricted to the sending and receiving of email. Western Australia, along with jurisdictions around the world, is being impacted by a global Microsoft outage. We are receiving updates from the Commonwealth who are working with Microsoft at the most senior levels to resolve. Microsoft are prioritising life, safety and Government services. Continue reading...
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CNBC
I interviewed Huang at peak ‘Jensenmania.’ Three weeks later, Nvidia is grappling with a world without him
CNBC's Arjun Kharpal, who interviewed Huang just a few weeks ago at GTC Berlin, unpacks how everything came crashing down for the popular CEO.
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CNBC
Apple, Alphabet and Uber survived major founder transitions. Nvidia will be a harder test
Like Apple, Nvidia now faces its own transition away from a founder-led company. But experts say Jensen Huang’s central role could make replacing him difficult.
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BBC Business
What we know about the global Microsoft outage
Microsoft has said the outage was not caused by a cyber-security incident, but efforts to fix the issues have so far been largely unsuccessful.
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The Guardian Business
New York is running out of room for its waste even with Statue of Liberty sized landfill
One company is proposing elongating the life of the dump, pungent smell and all, several more decades As a visual representation of how New York is running out of places to put its waste, the largest active landfill in the state is a striking one. The hulking Seneca Meadows landfill is already the height of the Statue of Liberty and its operators are seeking to raise it even further, to the consternation of nearby residents. The landfill, situated in the scenic Finger Lakes region in the northern reaches of New York state, has grown since the 1980s to now sprawl across 350 acres of deposited trash, mounded up to the height of around 300ft – roughly the same height of the Statue of Liberty. Continue reading...
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CNBC
Trump says he wants to ‘get Cuba done’ before leaving office, would consider military force
It comes as the U.S. continues to enforce a comprehensive economic embargo against Cuba.
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BBC Business
How a sex scandal at Nvidia is putting pressure on the White House
Jensen Huang's personal life may have triggered the crisis, but the questions now reach into the White House itself.
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CNBC
Outlook outage continues as Microsoft flags 'encouraging recovery progress'
A Microsoft outage on Thursday and Friday affected users of services like Outlook, Teams and 365.
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CNBC
Russian crude production rebounds after Trump diesel deal, IEA says as oil markets return to surplus
Russia’s crude output rose to 8.73 million barrels a day in October as recovering Gulf exports pushed global supply above demand, the IEA said.
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CNBC
U.S. seizes $1.2 billion in cryptocurrency stolen from Binance
The DOJ said it was taking action against the North Korean government's "schemes to fund its regime through the massive theft of cryptocurrency."
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CNBC
NHL’s next media deal will test the league’s strength
How do the world's biggest media companies judge the value of non-NFL rights? The NHL is giving us our first window into a new era in media values.
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The Guardian Business
Farewell, Cybertruck: why the winding down of the ‘Maga hat on wheels’ is a sign of the times
Eccentric and overhyped, Tesla’s Cybertruck became a stand-in for Elon Musk during his ascent in the Republican party. It will join the ranks of other vehicles symbolic of their eras – for better or for worse Three days after a historic blue tsunami changed America’s political landscape, Elon Musk announced Tesla would end production of its hulking Cybertruck next year. Was it a coincidence? Maybe. Musk said the move was “to make room for increased Cybercab production”, referring to Tesla’s Robotaxi. But the combined circumstances felt highly appropriate: it was the end of an era. Continue reading...
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CNBC
Nvidia scandal draws in Commerce Secretary Lutnick, who reportedly agrees to testify about China chip sales
Commerce Secretary Lutnick will testify before the Senate Banking Committee following revelations about Jensen Huang's affair with an alleged Chinese spy.
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CNBC
Nvidia stock inches higher as investors continue to weigh Jensen Huang’s departure
Jensen Huang resigned as CEO of Nvidia on Thursday after coming under scrutiny for two extramarital affairs.
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CNBC
‘We will sue them’: Canada threatens Stellantis as Trump trade war reshapes Jeep production plans
The dispute comes after Stellantis scrapped planned Jeep Compass production in Brampton and shifted future output to Illinois amid U.S. auto tariffs.
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The Guardian Business
Nvidia scandal: Howard Lutnick under pressure over alleged lack of action
US commerce secretary faces sack as warnings emerge about alleged Chinese spy’s ties to Jensen Huang and delays in adding Megaspeed to trade blacklist Analysis: Jensen Huang built an AI kingdom. Now he’s gone, will Nvidia’s ramparts be breached? One of Donald Trump’s top lieutenants reportedly could soon be fired, as criticism mounts over commerce secretary Howard Lutnick’s apparent lack of action over the Nvidia spying scandal. Jensen Huang resigned from Nvidia on Thursday, and was replaced on an interim basis by chief financial officer, Colette Kress, after reports emerged of his multiple affairs, most importantly with Alice Huang (no relation), who is suspected of being a Chinese spy. Continue reading...
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BBC Business
Heat pumps: How much heat does your home really need?
Knowing how much heat your home loses is important before installing a new heating system.
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CNBC
Treasury yields rise as traders strengthen Fed rate hike bets
Treasury yields moved higher as investor expectations for a December rate hike by the Federal Reserve gain strength.
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CNBC
Nvidia’s turmoil is prompting a rotation across chip stocks. Here's what we know
That shift comes as Nvidia grapples with the fallout from Huang's resignation, following revelations about his multiple affairs.
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European Central Bank
CNBC
Why Singapore keeps turning up in the fight over Nvidia chips and China
Singapore said it had barred Alice Huang from re-entering the country and that U.S. authorities had provided limited help with its yearlong investigations.
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The Guardian Business
Homes for sale close to cosy pubs in England – in pictures
From a Cornish cottage not far from one that played a role in the TV series Doc Martin to a duplex in central London perched above a historic one Continue reading...
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BBC Business
Politicians back focus on cost of living
The Government of Jersey's key priorities are passed despite concerns over a lack of "real action".
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BBC Business
Cider makers fear future for orchards as costs grow
Producers claimed without more support, they could be forced to stop using British-grown apples.
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The Guardian Business
‘They’ve cut all entry-level jobs’: unlikely seaside town on frontline of AI threat
Bournemouth became a hub for thousands of finance jobs after the 1980s big bang, but new tech risks hurting Dorset’s economy A few minutes’ drive from Bournemouth’s sandy beachfront, on the site of a former farm, lies an unlikely nerve centre of international finance. Here, miles from the glass towers of London’s Canary Wharf, more than 5,300 staff including compliance officers, analysts and software engineers help process more than $1tn (£750bn) worth of global transactions each day for the largest US bank, JP Morgan. The sprawling five-hectare (13-acre) campus, which hosted just 650 workers when it opened in 1986, has solidified Dorset’s status as one of Britain’s largest financial hubs outside London. Continue reading...
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CNBC
Nvidia on track for longest weekly losing streak since 2012 as market value sinks by $1.6 trillion
Jensen Huang's resignation added to Nvidia's market woes, with the stock already in a downward slide since early October.
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The Guardian Business
World is now in ‘age of electricity’, energy agency chief says
Exclusive: Fossil fuels no longer dominant energy source, IEA leader says, as summit considers electrification pledge The world has left behind the age of coal, oil and gas and is now firmly in “the age of electricity”, the world’s leading energy economist has said. Fatih Birol, the executive director of the International Energy Agency (IEA), said more than twice as much electricity generation would be added to the global economy in the next decade than in the last, as countries scramble to secure their energy supplies against fossil fuel price volatility and supply shocks, such as the Iran war. Continue reading...
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The Guardian Business
‘I spend less, that’s all that matters’: life in the world’s most electrified countries
Owning an electric car, driving an electric motorbike taxi, riding scooters – we speak to people in Oslo, Kigali and Shanghai about their everyday routines The race to electrification has emerged as a key theme of this year’s UN climate summit: increasing the use of electricity – particularly from clean sources – has the potential to improve daily life for people around the world. The summit’s co-hosts are now trying to get countries to promise to increase their electricity use to 35% of all energy used by 2035. The global figure currently stands at 23%, but some countries are already striding ahead. As 100,000 delegates, negotiators and world leaders thrash out the details in Antalya, Turkey, the Guardian spoke to three people in Norway, Rwanda and China to find out what life looks like in more highly electrified countries. Continue reading...
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CNBC
Nvidia: Ex-prosecutor Joon Kim and Wachtell, Lipton bring big track record to investigation
The retention of Wachtell, Lipton for the Nvidia probe comes on the heels of the law firm's investigation for the NBA into the Los Angeles Clippers.
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The Guardian Business
A timeline of the affair scandal that sank Nvidia’s Jensen Huang
CEO behind the meteoric rise of Nvidia stepped down after it was revealed he had an affair with an alleged Chinese spy Jensen Huang has stepped down as CEO of Nvidia, the company at the center of the AI boom, after leading it for more than 30 years. Huang, an electrical engineer by education, stewarded the company from a $1bn firm when it went public in 1999 to a company valued at more than $4tn in 2026. But in a matter of days, after it was revealed he had an extramarital affair with a woman that US officials believe to be a Chinese spy, Huang managed to wipe more than $600bn from the company’s valuation. Continue reading...
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BBC Business
Ex-Nvidia CEO Jensen Huang summoned to testify before Congress about affair with alleged Chinese spy
Huang abruptly quit on Thursday as head of one of the world's most valuable companies after revelations of alleged extramarital affairs.
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The Guardian Business
Who is Colette Kress, interim Nvidia CEO after Jensen Huang exit?
Chief financial officer, reportedly disparaged by Huang during summer meeting, to take over on short-term basis The hunt is on for a new Nvidia CEO. It comes after a whirlwind week, which saw the company head and co-founder, Jensen Huang, resign amid multiple allegations of extramarital affairs, including one that involved an alleged Chinese spy and two with company employees. Nvidia immediately named Colette Kress, the company’s chief financial officer, as the interim CEO. It’s possible she could stay on permanently, but the company could also name another candidate for the full-time role. Names that have been floated include Ian Buck, who manages Nvidia’s AI hardware and software products, and Rene Haas, a former Nvidia employee and the current CEO of Arm Holdings, a UK-based chipmaker. Continue reading...
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CNBC
How the Jensen Huang affair changes the outlook for U.S.-China relations
The political climate heading into next week's Trump-Xi summit is drastically different from the last meeting in September.
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CNBC
Cerebras surges 17% after beating on quarterly revenue and announcing Microsoft deal
Cerebras announced a new deal with Microsoft after partnering with major cloud providers Amazon and Oracle.
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BBC Business
Microsoft struggling to restore service as global outage affects Outlook and Teams
Microsoft said the outage was caused by servers unexpected becoming unavailable, straining other systems.
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CNBC
The world's super-rich are piling into alternative investments. Here's why
Alternative investments now account for 60% of single-family office portfolios, surpassing traditional assets for the first time, according to BNY Wealth.
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BBC Business
Burnham says 'win-win' deal can be agreed between UK and EU
The prime minister says the deal could be "more like the Brexit people thought they were voting for" in 2016.
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BBC Business
The rise of 'housefishing' - when does using AI go from enhancing to misleading?
Experts warn that using AI to enhance property images can go too far and mislead prospective buyers.
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CNBC
Oil prices rise after Trump says no Iran deal needed: 'We've got their Strait'
Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.
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CNBC
From Jell-O to Philadelphia cream cheese, Kraft Heinz is putting a new spin on old favorites
Kraft Heinz CEO Steve Cahillane is betting on new products, including cheesy ramen and protein-packed Jell-O pudding, to revive growth.
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The Guardian Business
Family Dollar to pay $63m to settle overcharging allegations
Dollar-store chain’s settlement with FTC and state officials comes after Guardian exposé of its pricing practices Discount store giant Family Dollar will pay $63m to settle claims by state and federal authorities that it frequently overcharged its customers for milk, diapers, batteries, toilet paper and other household goods. The enforcement action announced Thursday by the Federal Trade Commission and 17 states followed a Guardian investigation that revealed Family Dollar and its larger rival, Dollar General, frequently charge more at checkout than the prices listed on their shelves. Family Dollar failed at least 2,100 price inspections in 20 states from 2022 to late 2025, the Guardian found. Continue reading...
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CNBC
Cramer says Jensen Huang betrayed Nvidia shareholders. How to pick up the pieces
Without Huang, Cramer said Thursday, "There won't be a better Nvidia, just a different one."
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CNBC
Nscale updates IPO prospectus that shows widening loss
Nvidia-backed neocloud Nscale on Thursday released updated paperwork for a U.S. initial public offering showing a widening loss.
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CNBC
Analysis: Nvidia’s leadership crisis tests the chipmaker’s role as the ‘central bank of AI’
The tech giant's web of ties to other companies is raising the possibility that it could do far-reaching economic and financial damage.
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BBC Business
Some under-25s should get fewer benefits, Milburn review to say
The proposed radical overhaul of the welfare system would move under-25s off the main sickness benefits.
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CNBC
Alice Huang tied to Nvidia’s biggest Chinese competitor
The woman with whom Jensen Huang reportedly had a relationship also owned stakes in companies that provided computing power to Huawei, a key Nvidia competitor.
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The Guardian Business
Donald Trump Jr exits as paid adviser for prediction market Kalshi
Kalshi announces ‘mutual decision’ as Democrats say they plan to investigate Trump family’s investments Donald Trump Jr is no longer a paid adviser for Kalshi, the prediction market company said Thursday. Kalshi described it as a mutual business decision between the two parties that followed a decision by Trump Jr’s investment firm, 1789 Capital, to increase its investment in Kalshi’s biggest competitor Polymarket. Continue reading...
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