AI Stocks Recover as Futures Rise, Oil Slips
Stock futures rallied after a tech-led selloff in the previous session, as lower oil prices and a rebound in artificial-intelligence sentiment boosted markets.
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Canada Jobless Rate Edges Up With Another Drop in Employment
Canada's economy unexpectedly shed jobs for a second month running, nudging the unemployment rate up. Employers cut 68,300 jobs in September, Statistics Canada said.
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Iran and Houthis Try to Regain Upper Hand in Hormuz With Spate of New Attacks
The clashes underscore the region's volatility and the difficulty that Trump faces keeping a lid on its conflicts at least until after midterm elections.
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Treasury Yields Edge Higher, Eurozone Bond Yields Decline
Treasury yields reversed course and turned slightly higher on Friday, although long-dated yields remained comfortably below the 24-year highs reached earlier in the week, helped by falling oil prices.
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Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms
Oil fell Friday after surging the previous day, as traders weighed Trump's pledge not to attack Iran before the U.S. midterm elections against persistent shipping risks in the Persian Gulf and production shut-ins in the Gulf of Mexico.
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Why the Battered Bond Market Is Finally Getting a Reprieve
Rising yields have spread to mortgage bonds and other debt markets, which in turn deepened the selloff in Treasurys, a cycle that Wall Street sees petering out.
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In France, a Bond Crisis Is Brewing. Why It Matters for the U.S.
Bond market chaos abroad could put a spotlight on problems inside the U.S., Desmond Lachman writes.
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U.S. Budget Deficit Jumps to Nearly $2 Trillion
U.S. finances are stuck in a rut that alarms policymakers, but hasn't moved them to change course.
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Trump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards.
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China Is Offering Half Measures to Its Mounting Economic Problems
Beijing is pursuing big technological advances while shunning painful policy measures needed to fix the broader economy.