News

Market news: Microsoft (MSFT.O) will offer buyouts to 60,000 employees as part of its latest round of cost-cutting measures.

According to data from the U.S. Department of Energy, crude oil inventories in the U.S. Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982.

Following Anthropic's filing for an IPO, AI-related stocks rose, with Nvidia (NVDA.O) up 3.1%, Microsoft (MSFT.O) up 1.1%, Amazon (AMZN.O) up 1%, Broadcom (AVGO.O) up 2.8%, Micron Technology (MU.O) up 3.5%, and SpaceX (SPCX.O) up 1.4%.

U.S. stocks continued their upward trend, with the S&P 500 rising 1% and the Nasdaq gaining 1.3%. The Philadelphia Semiconductor Index rose 3%.

Democratic lawmakers in the United States sent a letter to Musk regarding the Starlink outage.

The Central Bank of Russia reported that Russian banks' net profit for the period from January to September was 3.7 trillion rubles. The banking sector's net profit fell 5.9% month-on-month in September to 414 billion rubles.

The Slovakian Foreign Minister said after meeting with Russian Foreign Minister Lavrov that he was told Russia was still prepared to fulfill the agreed energy contracts.

The Dallas Fed Manufacturing Raw Materials Payments Index for October was 55.3, compared to 52.2 in the previous month.

The Dallas Fed Manufacturing Shipments Index for October was 8.4, down from 24.8 in the previous month.

The Dallas Fed Manufacturing Employment Index for October was 11.6, down from 15.1 in the previous month.

The Dallas Fed's manufactured goods price index for October was 29.9, compared to 27.6 in the previous month.

The Dallas Fed's new orders index for October was 9.3, down from 30.7 in the previous month.

The Dallas Fed Manufacturing Production Index for October was 15.8, down from 29.5 in the previous month.

The Dallas Fed Business Activity Index for October was 13.4, compared to 9.8 in the previous month.

The Dallas Fed business activity index for October will be released in ten minutes.

The yield on 20-year UK government bonds fell to its lowest level since September 23, dropping 6 basis points to 5.678%.

Mexican President Sinbaum supports the resignation of the head of the election commission.

Mexican President Simbaum: Allegations of corruption in the election body must be investigated.

The U.S. Commodity Futures Trading Commission and the NBA signed a memorandum of understanding aimed at upholding integrity in the prediction market for professional basketball.

Mexican President Sinbaum will speak with Brazilian President Lula at noon Mexico City time.