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It was driven by energy inflation, which surged above 20% in October.
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Plus: Job losses for a third straight month
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Wall Street’s AI rout sent US and then Asian markets tumbling, raising fresh questions about the sustainability of the global AI boom and where the next opportunities lie. (Source: Bloomberg)
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kailey Leinz, Carol Massar and Tim Stenovec. (Source: Bloomberg)
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Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress.
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Can COP31 put the world’s climate goals back on track? Live from Turkey on the opening day of the UN summit, Bloomberg journalists answer your questions in an interactive Live Q&A on Monday, Nov. 9 at 10 a.m. ET
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Months of unease over Wall Street’s artificial-intelligence boom erupted into a global market convulsion this week, opening a dangerous new chapter for the investment frenzy that has helped power stock prices, corporate spending and…