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Zohran Mamdani was elected the 111th mayor of New York in a historic victory that will put an avowed democratic socialist in charge of the city that serves as the capital of global finance.

The trade was simple — and worked until it didn’t. Wrap crypto in a stock ticker. Call it innovation. Ride the wave.

US equity-index futures edged lower in early Asian trading, signaling further losses after global equities logged their steepest drop in nearly a month amid concerns over elevated valuations.

Bitcoin continued its slide as a range of indicators underscored the bleak mood among crypto traders.

US factory activity shrank in October for an eighth straight month, driven by a pullback in production and tepid demand.

Wall Street chief executives said investors should brace for an equity market drawdown of more than 10% in the next 12 to 24 months, and that such a correction can be a positive development.

Palantir Technologies Inc. raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence and data analytics products.

The “labor hoarding” that kept US employers clinging to workers in the past few years appears to be coming to an end.

Shell Plc will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said.

Euro-zone economic data aren’t diverging from the European Central Bank’s outlook but policymakers are keeping their options open, according to Governing Council member Joachim Nagel.

Oil advanced after OPEC+ said it plans to pause output increases during the first quarter after making another modest hike for next month.

Die angespannte wirtschaftliche Lage zeigt sich weiterhin auch auf dem Arbeitsmarkt. Ende Oktober waren rund 388.000 Personen beim Arbeitsmarktservice (AMS) arbeitslos oder in Schulung gemeldet, im Vergleich zum Vorjahresmonat entsprach das einem Plus von gut 16.500 Personen bzw. einem Zuwachs von 4,4 Prozent. Die Arbeitslosenquote stieg auf 7,2 Prozent, teilte das AMS am Montag in einer Aussendung mit.

Der Baustoffhändler Quester mit Sitz in Wien ist insolvent. Das Unternehmen mit 314 Dienstnehmern hat Schulden in Höhe von 55,8 Millionen Euro. Der Einstieg eines Investors soll eine Sanierung ermöglichen, hofft das Unternehmen.

Italian Deputy Prime Minister Antonio Tajani called on the European Central Bank to lower borrowing costs and resume quantitative easing to help prevent gains in the euro from hurting his country’s exporters.

The provision under discussion is being described by officials as an “in-kind” tariff

Die Teuerung lag auch im Oktober bei 4,0 Prozent im Vergleich zum Oktober des Vorjahres - und die Teuerung bleibt damit deutlich über dem Durchschnitt der Eurozone.

Der Anstieg der Lebensmittelpreise verlangsamt sich im Oktober deutlich. Doch der Blick auf andere Komponenten trübt die positive Stimmung bei der Europäischen Zentralbank deutlich.

Shares of the world’s top listed beer, wine and spirits makers have shed a combined $830 billion in a little more than four years as the industry grapples with monumental change.

Als US-Präsident Donald Trump am Donnerstag im südkoreanischen Busan in die Air Force One gestiegen ist, hat er Journalistinnen und Journalisten an Bord alsbald wissen lassen, dass sein Treffen mit dem chinesischen Staatschef Xi Jinping ein „großer Erfolg“ gewesen sei. Man habe sich auf einen Pakt zur Lieferung von Seltenerdmetallen einigen können, so Trump, und berichtete außerdem von zahlreichen weiteren Einigungen. Xi reagierte verhaltener: Lediglich „einen intensiven Meinungsaustausch über wichtige Wirtschafts- und Handelsfragen“ habe es gegeben.

France’s economy unexpectedly grew at the fastest pace since 2023, allaying concerns it would lose momentum due to a fresh bout of political turmoil.

Donald Trump said he had an “amazing meeting” with Xi Jinping, resulting in a détente that would see the US halve fentanyl-related tariffs on Chinese goods as Beijing pauses sweeping controls on rare-earth magnets.

The Bank of Japan kept its benchmark rate unchanged, sending the yen lower in the bank’s first policy decision since Sanae Takaichi, an advocate of monetary easing, became prime minister last week.

Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December.

The Federal Reserve on Wednesday said it will stop shrinking its Treasury holdings beginning Dec. 1, ending a three-year long effort after stress signals in money markets intensified in recent days.

Nvidia Corp. is on track to become the first $5 trillion company as Chief Executive Officer Jensen Huang’s spree of deals around the world propels the artificial intelligence trade to new heights.

Donald Trump said he expects to lower tariffs the US has imposed on Chinese goods over the fentanyl crisis and speak with China’s Xi Jinping about Nvidia Corp.’s flagship Blackwell artificial intelligence chip, as leaders of the world’s biggest economies seek to ease tensions in a meeting on Thursday.

Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.

The pace of emissions reductions is “still not nearly fast enough,” according to UNFCCC’s Stiel.