Market News Today — AI-Curated Stock & Crypto Headlines

UK inflation has cooled down to 3.6% in October, meeting expectations and potentially paving the way for a Christmas rate cut.

Meta is reportedly facing a significant issue with scam and fraud ads, with projected $16 billion in revenue coming from these illicit activities in 2024.

The US stock market's reliance on the tech sector has been highlighted by a recent wobble in AI-related shares, causing a significant drop in the S&P 500 and Nasdaq Composite.

The US stock market rebounded on Wednesday, driven by solid data and strong earnings, with the Dow, S&P 500, and Nasdaq posting gains.

Global markets are experiencing a decline due to differing opinions from Federal Reserve officials on interest rate cuts, which is affecting U.S.

Wall Street's main indexes closed higher on Friday, driven by Amazon's 9.5% gain to an all-time high after beating quarterly sales estimates and cloud revenue growth.

The stock market declined due to the performance of megacap stocks, while the yen weakened following the Bank of Japan's (BOJ) announcement.

The Euro zone economy showed a slight growth of 0.2% in the third quarter, surpassing economists' expectations of 0.1%.

South Korea's third-quarter GDP grew at its fastest pace in over a year, driven by strong exports growth, exceeding economists' expectations of 1.5% year-on-year growth with a 1.7% increase.

Global stocks have reached a new record high, driven by optimism over US-China trade relations, while the US dollar has edged down as investors become more confident in the global economy.

Amazon is reportedly planning its largest job cut in approximately three years, following similar announcements from other major companies such as Target and Meta.