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

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

Nvidia stock inches higher as investors continue to weigh Jensen Huang’s departure

Nvidia’s cofounder and chief executive resigned on Thursday after the company opened an investigation into his affair with an alleged Chinese intelligence asset.

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...

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 se

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.