Oil Plunges 5% as Trump Signals Restraint on Iran Strikes
Brent crude fell nearly 5% to about $93 a barrel on Monday, its lowest since early September, as President Trump ruled out new strikes on Iran as talks go on.
Apex Wire Markets Desk
Wall Street Brokerages Call AI Sell-Off Overdone, Urge Investors to Buy
Morgan Stanley, UBS, HSBC and Jefferies say last week's AI rout went too far, with Nvidia's November 17 earnings now the next big test for the trade.
Banks Grow Wary of AI Debt as Market Sell-Off Shakes Lenders
Banks and credit investors are pulling back from AI debt after Thursday's $2.5 trillion Nasdaq 100 sell-off, tightening scrutiny of data-centre deals.
Dow Jumps 1,000 Points as Wall Street Rebounds from AI Sell-Off; Nvidia Falls
The Dow Jones Industrial Average rose more than 1,000 points on Monday as Wall Street rebounded from last week's AI sell-off, while Nvidia fell about 5%.
Strong US Jobs Report Lifts Bets on a December Fed Rate Rise
US employers added 165,000 jobs in October, far above forecasts, and traders now see a December Federal Reserve rate rise as the likely outcome.
Bitcoin Falls to Two-Month Low as US Crypto Rule Fears Hit Markets
Bitcoin fell to $73,708, its lowest since August, as investors priced in tougher US crypto rules after the Democrats' midterm sweep of Congress.
China Extends Pause on 24% US Tariffs for Two More Months, Keeps 10% Levy
China will keep its additional 24% tariff on US imports suspended for two more months from Tuesday, retaining the 10% levy, as the trade truce runs to January.