Yen Rises for the Week to 157 per Dollar on Haven Demand
The yen (USD/JPY) is near 157 as Japan's 10-year bond yield eased to 2.80%; a BOJ hike is seen in December.
Daily Digest
Daily Digest
The yen (USD/JPY) is near 157 as Japan's 10-year bond yield eased to 2.80%; a BOJ hike is seen in December.
The Dow (^DJI) lost about 550 points to near 52,300 as WTI oil topped $100 and tech stayed shaky.

They Said Buy tracks stock calls from YouTube creators, pairing exact quotes and links to the precise video moment with what happened to the share price afterward. Revisit the original statement, see the outcome, and put memorable predictions in context.

The Kremlin says Beijing is preparing a first-ever Trump-Xi-Putin meeting around the Nov. 18-19 APEC summit in Shenzhen, but China has yet to confirm it.
An economy is the system a society uses to produce, distribute, and consume goods and services. Learn its meaning, components, and the 3 questions it answers.

Micron Technology stock rose about 3% premarket Friday as SanDisk gained 4% and SK Hynix 6%, bouncing back from Thursday's steep semiconductor selloff.

Brent crude (BZ=F) is up 17% in a month as Trump hints at more strikes and Saudi sites come under attack
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Deckers (DECK) fell about 7% premarket after the Hoka and UGG owner cut its fiscal 2027 sales outlook to $5.7 billion on heavier discounting and weaker demand.

Warp Sciences, founded by ex-OpenAI product chief Kevin Weil, emerged from stealth with $215M led by Lightspeed. It is building an AI- and robotics-driven US chemistry lab for drug research, work now often outsourced to China.

Robert Half (RHI) beat Q3 profit forecasts as staffing revenue grew 2%, its first rise since 2022.

Procter & Gamble beat first-quarter estimates with $2.00 core EPS and 4% organic growth, but flagged a $1.4 billion commodity-cost hit for fiscal 2027.
Where does money actually come from, and how does credit turn into debt? A short walkthrough of how money, credit, and debt move through an economy - the three jobs money does, how credit creates purchasing power before savings exist, why every credit transaction creates a matching debt, and the line between sustainable borrowing and a debt spiral.

Deckers (DECK), maker of Hoka and Ugg, trimmed its sales outlook to $5.7B as shoppers hunt for deals.

SpaceX (SPCX) rose about 1.5% after a 9% slide as Bloomberg reported a hunt for 80,000 US cell sites and Phillip Securities double-upgraded the stock to Buy.

Kering (KER.PA) fell as Gucci store sales slid 9% on weak China and Japan traffic, testing de Meo's turnaround

Volvo Cars shares fell about 25% after a SEK 5.6 billion Q3 2026 operating loss, 2,500 job cuts, a near-halving of China revenue and US tariff pressure.

DeepSeek is reportedly raising about $15B at roughly a $75B pre-money valuation. The round isn't closed, and CATL, Tencent, Meituan and Geely are among the reported investors.
Meta (META) closed at $648.85 as AI spending turned cash flow negative and Nvidia warned of tight funding
Western Digital (WDC) reported record $4.38B sales and a $1.78B profit, but AI-linked shares kept sliding

Kalshi faces a Utah gambling suit, a Washington court block and a CME-backed bid to stop its perpetual oil contract, testing CFTC authority over state law.

Bitcoin slipped to about $81,500 as spot ETFs shed $635 million, ending a three-day inflow run and triggering $431 million in leveraged long liquidations.
RingCentral (RNG) says AI products now top $400M in yearly recurring revenue as it lifts its 2026 forecast
Las Vegas Sands (LVS) missed Q3 revenue by $110M on soft high-end gaming, yet lifted its 2027 dividend 20%.
Why do economies repeat the same boom-and-bust pattern roughly every 5–8 years? A short walkthrough of the short-term debt cycle - how expanding credit drives spending and confidence to a peak, why rising rates and tighter lending turn the tide, and how the contraction and trough finally clear the way for the next recovery.

The Nasdaq fell 2.6% on Thursday, its worst day since June, as AI spending fears and an oil spike hit Amazon, Nvidia and Alphabet while Apple gained.

Beyond Vision, a Portuguese drone maker, raised €28M+ to scale production and expand globally.

Eurozone composite PMI fell to 51.9 from 53.1, a four-month low, as France shrank, leaving the ECB in a bind.

The 10-year Treasury yield fell 19 basis points to 4.95% on Thursday, its biggest one-day drop since March 2023, as a tech selloff sent investors into government bonds.

Brent crude (BZ=F) hit a five-month high as Aramco evacuated its Dhahran office and US crude traded near $101

Brent crude jumped 4% to $113.17, its highest close since May, as the US and Israel were reported to plan fresh Iran strikes after the midterm elections.
Why do some booms run for decades and some busts haunt entire generations? A short walkthrough of the long-term debt cycle - how debt accumulates across multiple short-term cycles until interest payments swallow incomes, why a deleveraging is the only way out, and how deleveragings have actually played out in the 1920s, the post-war boom, and the run-up to 2008.

France's 10-year yield (FR10Y) touched 5.14% as Moody's reviews its rating, with the Bund gap at a 2011 high.

IBM shares fell about 7% despite a Q3 2026 beat as CEO Arvind Krishna flagged AI return scrutiny and the company held full-year revenue guidance at 4%-5%.

Oxford quantum spinout QuantrolOx raised €12M.

Moscow has agreed in principle to restart trilateral Ukraine peace talks with Washington and Kyiv on or after November 10, with Abu Dhabi the proposed venue.

American Express (AXP) reports Q3 results before the open; analysts expect $4.58 EPS on $20.1B revenue.
Why does productivity matter more than credit for long-run prosperity? A short walkthrough of the engine behind sustainable growth - what productivity actually measures, where it comes from (education, innovation, capital, institutions), why the post-2000 slowdown is squeezing wages, and what happens to debt-fuelled economies when productivity stalls.

Canada's Carney says Trump's 50% tariffs raised costs for American families, as Ottawa and Ontario unveil nearly C$9 billion in support for steel and autos.
Trump waived Russia energy penalties before an Oct. 18 start; Brent crude (BZ=F) topped $111 on Thursday
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