Markets and investing
Gulf Arab Oil Giants Restore Crude Exports to Pre-War Levels
Oil shipments from Saudi Arabia, the United Arab Emirates, Iraq and Kuwait rose 10% in October to 15.53 million barrels a day, helping temper global prices.
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Markets and investing
US Manufacturing Activity Accelerates in October as Production Expands
The Institute for Supply Management’s manufacturing index rose one point to 55.5 in October, marking its second-highest reading in more than four years. The production gauge reached its strongest level since late 2021.
Markets and investing
Tech Sell-Off Reflects a “Crisis of Confidence,” Says Jordan Jackson
Disappointing earnings from major US technology companies accelerated a rotation away from AI-related stocks last week, sending investors toward smaller-cap and more defensive areas, according to JPMorgan Asset Management strategist Jordan Jackson.
Markets and investing
The Real Signal From Last Week
An Odd Lots newsletter introduces discussion of capital expenditure, the FOMC and the AI trade, while inviting readers to join its Discord community.