Market Briefings

Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four years

The producer price index was expected to increase 0.4% in October, according to the Dow Jones consensus.

Bessent: Treasury has wanted Megaspeed restrictions for months, but Commerce is in charge

‘So lovely’: Stevie Wonder surprises Stalybridge restaurant with late-night visit and £1,000 tip

Singer, 76, was in Manchester with his band for penultimate UK show of his Songs in the Key of Life anniversary tour When Stevie Wonder’s team just called to say: “Can we all come to your restaurant in Stalybridge at 11pm on a Sunday?” Ryan Robinson, of course, said yes. First the band turned up, and then – at 12.30am – the man himself arrived. Hours later, staff at the Cafe Continental were sharing a £1,000 tip. Continue reading...

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.

UK’s biggest insurer hit by rise in subsidence claims after record hot summer

Increase reported by Aviva after Hastings Direct said claims were up 140% in August and Axa said it had been a ‘surge year’ The UK’s largest insurer has been hit by a rise in subsidence claims after an extremely hot summer left households across the country grappling with the fallout from the growing climate crisis. Aviva said on Friday it had experienced the jump amid an industry-wide surge in households filing subsidence claims with their insurers to cover repairs, which typically are needed to address cracks, sloping floors, and off-kilter doors and windows. Continue reading...

Global oil supply returns to surplus for first time since start of Iran war, says IEA

Supplies outstripped demand by almost 2m barrels a day in October as market shows ‘tentative signs of rebalancing’ The world’s oil supply is swinging back to a surplus for the first time since the start of the US-Israeli war against Iran, the International Energy Agency (IEA) has said. Oil supplies outstripped demand by almost 2m barrels a day in October, the Paris-based agency said, as “Gulf exports recovered much faster than global oil demand”. Continue reading...

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.

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...

CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade

The top U.S. commodities regulator in October announced proposed crypto rules to assert its jurisdiction over the asset class.

Outlook outage continues as Microsoft flags 'encouraging recovery signals'

A Microsoft outage on Thursday and Friday affected users of services like Outlook, Teams and 365.

Grupo Aval: 3 Key Takeaways for Long-Term Investors

Key PointsItau's retail business added 6.3 trillion pesos in net loans to Grupo Aval.

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.

Huang's downfall may undo cozy ties between business and government: analysis

The Nvidia founder's downfall and the midterm election could mark a turning point in the recent close relationship between corporate leaders and the federal government.

The datacenter industry is using propaganda to fight opposition | Samuel Woolley, Dean Jackson and Maia Woluchem

Big tech has used misdirection, disinformation and jargon to obscure the harm the facilities can cause to communities “Antifa”. “Commies”. “Chinese bots”. Everyone from tech leaders to the president has called datacenter resistance a “documented psyop” and a “Chinese PR thing”. But why do they make these claims? Our new research finds that the datacenter industry uses propaganda, disinformation, and information control to mold public opinion and undermine community opposition. Continue reading...

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.

The dark side of reselling apps: ‘If you include your pants, I’ll pay more’

Ministers consider banning under-16s from online marketplaces amid reported misuse of messaging functions and users’ photos In June, Hannah* listed her seven-year-old daughter’s pink swimming costume for sale on Vinted, hoping other parents surfing the reselling site would snap up the £1 offer. Her inbox pinged. “So a little girl wore this yh [yeah]?” wrote a user with a male handle. Continue reading...

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.

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.

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.

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...

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.

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.

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."

Jensen Huang scandal casts doubt on Nvidia’s AI dominance — how we got here

Nvidia is facing its biggest crisis in its 33 year history, with founder Jensen Huang resigning as CEO. Here's the story of the rise and fall of Jensen Huang.

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.

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...

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.

‘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.

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...

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.

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.

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.

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.

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...

Politicians back focus on cost of living

The Government of Jersey's key priorities are passed despite concerns over a lack of "real action".

Cider makers fear future for orchards as costs grow

Producers claimed without more support, they could be forced to stop using British-grown apples.

‘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...

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.

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...

‘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...

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.

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...

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.

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...

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.

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.

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.

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.

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.