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Trump weighs an Iran deal or post-midterm strikes as Iran disputes a Qatari peace draft and a reply is expectedIsrael's election ends in deadlock as Netanyahu's bloc leads the count but falls short of a majorityBig Tech's AI spending jolts markets: Alphabet and Amazon beat on cloud but fall on soaring capex and weak cash flowVance calls Alaska's second 'Dan Sullivan' a 'big fraud' and Trump alleges Democratic perjury as a judge weighs dismissal
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CriticalUpdated Oct 30, 9:02 AM

Fed holds rates in a 10-2 split as December-hike odds climb toward 85% and the 10-year yield nears 5%

A day after the Oct. 28 hold at 3.75-4% — a 10-2 vote with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a hike — markets pushed December-hike odds toward 85% as the 10-year Treasury yield held near 5%. September core PCE at 3.1% year-on-year and headline inflation near 3.6% kept the tightening case alive, with Chair Kevin Warsh declining to commit to December.

2 perspectives:LeftCenter

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Left1 source

Coverage underscores a rare two-dissent split and a Fed still fixated on sticky inflation heading into the midterms.

CNN reported the Fed keeping rates unchanged while two officials dissented for a hike, an unusual public split that highlighted how much the central bank's focus has shifted to still-elevated inflation rather than labor-market softness.

Center2 sources

Analysts read a hawkish hold with December-hike odds rising and the 10-year yield pressing toward 5%.

uCapital and Yahoo Finance reported the 10-year Treasury yield near 5.03% after the decision and Warsh saying politics played 'no role,' with CME pricing pushing December-hike odds toward 85% as the Fed flagged inflation that 'remains elevated.'

HighUpdated Oct 30, 9:02 AM

Oil firms back toward five-month highs as fresh Hormuz tanker attacks offset US-Iran peace moves; OPEC+ meets Nov. 1

Crude swung this week: Brent and WTI eased for two days on reported US-Iran de-escalation, then firmed Friday Oct. 30 — WTI holding above $103 and Brent near $115.7 — after fresh Strait of Hormuz tanker attacks and Houthi strikes on Saudi energy. Brent is on track for roughly a 14% gain in October. The OPEC+ group of eight meets Sunday Nov. 1 and is widely expected to hold output near 31.01M bpd, with analysts seeing no change before 2027.

2 perspectives:CenterForeign — Global South

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Center2 sources

Market coverage frames a choppy week ending with crude firming on supply risk as OPEC+ is expected to sit tight.

FXStreet and CNBC reported WTI holding above $103 and Brent near five-month highs on Oct. 30 after fresh Hormuz tanker attacks and Houthi strikes on Saudi energy, reversing a two-day slide driven by US-Iran peace headlines; Brent was on track for roughly a 14% October gain.

Foreign — Global South1 source

Coverage from India foregrounds expectations that OPEC+ will delay any output change amid the supply-risk rally.

News on AIR, citing Reuters, reported oil prices rising amid expectations the OPEC+ group of eight would delay output changes at its Nov. 1 review, keeping production near 31.01M bpd as Middle East supply risks persisted.

HighUpdated Oct 30, 9:02 AM

Wall Street slips as Alphabet's record drop drags the Nasdaq down 1.4%, even as most stocks rise

US indexes closed modestly lower Oct. 29 — the S&P 500 near 7,720, the Nasdaq off about 1.4% near 26,185 and the Dow near 52,343 — as a record one-day drop in Alphabet on AI-spending and cash-flow fears outweighed positive market breadth, with most stocks rising. Microsoft's Azure beat offered a counterweight; Amazon then reported a revenue and EPS miss after the close even as AWS growth re-accelerated to about 39%, sending its shares lower in after-hours trade.

2 perspectives:LeftCenter

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Left1 source

Coverage centers Alphabet's double-digit slide as the trigger and a fresh test of the AI-capex trade.

Yahoo Finance's live blog reported the Dow, S&P 500 and Nasdaq slipping as Alphabet stock sank around 12% following its cash-flow miss, framing the move as renewed scrutiny of how much big technology firms are spending to build out artificial intelligence.

Center2 sources

Wire recaps frame a narrow, megacap-driven decline masking broadly positive breadth.

AP's market recap (via KRMG) and Schwab reported the S&P 500, Nasdaq and Dow finishing lower on mixed Microsoft and Alphabet results and the September PCE print, with the Nasdaq hardest hit as Alphabet sank, even as a majority of stocks rose on the day.

StandardUpdated Oct 30, 9:02 AM

Bitcoin clings near $80K as a hawkish Fed and tech selloff pressure crypto

Bitcoin hovered near $80,000 on Oct. 29 (one read about $80,361, down roughly 1%), with ether near $2,320 and solana around $100, as the megacap-tech rout and rising December rate-hike odds weighed on risk assets. The move extended a pullback from October highs as the Fed's hawkish hold kept rate-hike fears alive.

1 perspective:Center

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Center2 sources

Crypto coverage ties the slide to the hawkish Fed and a broader tech-led risk-off move.

FXStreet and Analytics Insight reported bitcoin slipping toward $80,000 with ether and solana lower, attributing the weakness to the Fed's hawkish tone, rising December-hike odds and the megacap-technology selloff that dragged broader risk sentiment.

HighUpdated Oct 30, 9:02 AM

Big Tech's AI spending jolts markets: Alphabet and Amazon beat on cloud but fall on soaring capex and weak cash flow

Blowout cloud growth wasn't enough to calm investors as mega-cap AI spending surged. Alphabet's Q3 (Oct. 28) showed record $127.6B revenue and Google Cloud near $30.7B, but an EPS miss, a roughly $9B negative-free-cash-flow quarter and 2026 capex guidance of $195-205B sent its stock down about 8% and dragged the Nasdaq 1.4% lower Oct. 29. Amazon posted AWS growth of 39% to about $46B yet slid after hours on a ~$220B capex guide and a light holiday forecast.

1 perspective:Center

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Center2 sources

Market coverage reads record cloud revenue overshadowed by capex guides and negative free cash flow that reignite AI-bubble worry.

TheStreet and Yahoo Finance/Investopedia reported the S&P 500 slipping to 7,720 and the Nasdaq falling 1.4% on Oct. 29 as Alphabet dropped about 8% after its Q3 — record revenue and Google Cloud growth offset by an EPS miss, roughly -$9B free cash flow and a raised capex outlook — with Caterpillar weighing on the Dow.

HighUpdated Oct 30, 9:02 AM

US Q3 GDP grows 3.4%, topping forecasts, as September PCE inflation stays sticky and jobless claims fall

The Commerce Department's advance estimate showed US Q3 GDP grew at a 3.4% annualized rate, beating the 3.2% expected and up from 2.2% in Q2, with real consumer spending up about 3.8%. September headline PCE inflation held near 3.6% year-on-year (core 3.1%), roughly in line, while initial jobless claims fell to about 194,000. The mix of firm growth and sticky inflation reinforced the hawkish case for a December Fed rate hike a day after the FOMC's 10-2 hold.

1 perspective:Center

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Center3 sources

Analysts read the strong-growth, sticky-inflation print as reinforcing the Fed's hawkish December-hike case.

Benzinga and FXStreet reported Q3 GDP at a 3.4% annualized pace — above the 3.2% consensus — alongside September core PCE at 3.1% year-on-year, while StockTitan noted the Atlanta Fed's nowcast had pointed to similar strength; commentators framed the data as leaving the Fed room to tighten further after its 10-2 hold.

HighUpdated Oct 30, 9:02 AM

Amazon's Q3 beats as AWS grows 39% to its fastest pace in years, but the stock drops after hours on a ~$220B capex guide

Amazon reported Q3 on Oct. 29: revenue of about $201.9B (+12%), operating income up 61% to a record roughly $28.1B, and AWS revenue up 39.3% to about $46B — its fastest cloud growth in roughly five years, with a reported ~$578B contracted backlog. But EPS of $1.89 missed estimates, 2026 capex was guided near $220B, and a light Q4 revenue outlook of $240-247B sent shares lower after hours, reinforcing the week's AI-spending-versus-cash-flow worry.

1 perspective:Center

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Center2 sources

Earnings coverage pairs Amazon's fastest AWS growth in years with a capex guide and soft holiday outlook that spooked investors.

Investing.com and Quartz reported Amazon's Q3 beating on AWS — up about 39% to roughly $46B, its fastest in years — while the stock fell after hours as a 2026 capex guide near $220B and a light fourth-quarter revenue forecast overshadowed record operating income.