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US lawmakers are pushing for tougher restrictions on chip sales to China after Nvidia co-founder and CEO Jensen Huang resigns. Microsoft is racing to restore service after a global outage knocked out Outlook, Teams and Copilot for users worldwide. PPI data lands today, with markets watching closely as hawkish Fed bets push bond yields and the dollar higher.

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Today's recommended read: Wall Street withstands AI blues. What about Nvidia shock? by Jamie McGeever

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Uncertainty over the fate of Nvidia's CEO Jensen Huang sends shares tumbling and raises urgent questions about who could lead the world's most valuable chipmaker. The drama lands as hot US inflation data pushes the dollar to its highest since April 2025, and UK GDP data shows the British economy expanding at its fastest rate in over two years, defying fears of an energy-shock-driven recession.

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Today's recommended read: Dollar zooms on bets US can absorb higher rates, Mike Dolan

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AI darling Anthropic kicks off its IPO roadshow targeting a $1.4 trillion fully diluted valuation - well below the $2 trillion figure that was doing the rounds over the summer. Meanwhile, a hot inflation report rattles bond markets and NVIDIA shares slide nearly 10% as spying allegations against CEO Jensen Huang grow more serious.

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Today's recommended read: Bond storm of 2026 may be passing, but Fed gusts linger, Mike Dolan

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A sharp retreat in oil prices follows US President Donald Trump's signal that further Iran escalation isn't on the table, with Brent crude falling back above $90 a barrel for the first time since late August. NVIDIA slides on CEO spying allegations while the broader market surges. And Anthropic's blockbuster IPO hits turbulence before it even begins, with a valuation that has nearly halved in six weeks.

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Nvidia shares fall around 4% as the chip giant investigates CEO Jensen Huang over a relationship that may have involved spying for China. Meanwhile, US President Donald Trump signals no imminent re-escalation against Iran while peace talks continue, pushing crude prices lower. And a blowout US jobs report for October lifts bets on a Fed rate rise ahead of this week's inflation data.

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Today's recommended read: Middle East oil price war heralds post-conflict glut, Ron Bousso

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