I'll pull today's top business and market headlines for you.
Today is Saturday, November 1, 2026 — U.S. markets are closed, headlines are focused on Friday's close and the week ahead:
Market Performance - Friday Close / Monday Open Setup
•Wall Street slipped on Monday in early trading ahead of remarks from Federal Reserve Chair Jerome Powell. As of 11:30 a.m. Eastern Time, the S&P 500 fell 0.3%, the Dow Jones Industrial Average was down 0.4%, and the Nasdaq Composite was 0.4% lower.
•For the week ending October 30, S&P 500: −0.57% for the week | Friday close: 7,580.07. Stocks dipped as big technology names, including Oracle and Tesla, led losses.
•In the bond market, the yield on the 10-year Treasury rose to 4.09% from 4.02% on Friday.
•Gold prices surged on Monday, supported by growing hopes of interest rate cuts by the Fed and a sliding US dollar. As of 11:15 a.m. ET, Spot gold edged up 0.1% at $4,233.83 per ounce. Silver climbed 3.1% to $58.09 per ounce, after hitting an all-time high of $58.23 earlier.
•Oil prices climbed on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave output levels unchanged in the first quarter of 2026. Brent crude futures rose $1, or 1.6%, to $63.38 a barrel.
Top Corporate / Business Headlines
•Big Tech Earnings Fallout: Alphabet Sheds Half a Trillion in Market Value in Stock's Worst Day Ever - Discontent with the Google parent's quarterly results highlights the tensions of its transition from search engine to artificial-intelligence hyperscaler. Dow Jones headline also noted: Amazon, Intel Earnings Add Fuel to Tech Selloff.
•Crypto - Biggest Heist in History: How Binance Is Racing to Cover Losses in the Biggest Heist in Crypto History - The breach blew past everything the exchange had set aside to cover such an incident. Crypto stocks tumbled after Bitcoin dropped below $86,000. Coinbase Global sank 5.8% and Robinhood Markets shed 5.5%. Strategy, formerly known as MicroStrategy, lost 10.9% after the company said it raised a fund of $1.44 billion.
•Energy - Oil Majors Beat: American Oil Giants See Profits Soar as Wars Crimp Energy Supplies - ExxonMobil and Chevron posted blockbuster earnings for the third quarter as the world turned to U.S. refineries for fuel. BP's profit almost quadrupled and cash flow jumped in the third quarter, enabling the British energy major to cut net debt faster than expected.
•Auto: Volkswagen Pauses Work on ID.Golf Model to Preserve Cash Flow - The German automaker said it will temporarily pause development until it can securely accommodate the necessary investments.
•Antitrust / AI Deals:
•The US Justice Department is scrutinizing Nvidia’s planned $12.93 billion purchase of Hugging Face, Reuters reported on Oct. 28, 2026. Reuters said enforcers are focused on whether absorbing Hugging Face would let Nvidia take control of a crucial distribution channel for AI.
•Nvidia is investing $2 billion in Synopsys stock as part of an expanded partnership. Synopsys shares rose 3.5%.
•Meta Faces U.K. Antitrust Probe Over Publisher Content Use - The planned changes-would have allowed the company to collect content from the websites to power its products such as AI tools.
•Other Q3 Earnings Moving Markets: Kenvue, General Dynamics, Colgate-Palmolive, Canadian National Railway, AbbVie, Newell Brands, Bayer, Church & Dwight and Capri Holdings all reported Fridayamong others. AbbVie Revenue Rises on Strength in Immunology, Neuroscience and boosted its profit outlook.
What Markets Are Watching Next Week
•Fed Chair Jerome Powell is set to deliver remarks later on Monday, which investors will dissect for any fresh clues about the central bank's near-term monetary policy stance. The market movements were primarily driven by caution ahead of crucial data, which will influence expectations for potential interest rate cuts. Key releases this week include: November ADP Employment Figures due on Wednesday, and September Personal Consumption Expenditures (PCE) Index scheduled for Friday.
•Wall Street’s next trading week stacks three big events into five sessions. U.S. midterm elections land on Tuesday, November 3, 2026. Qualcomm and Advanced Micro Devices report earnings the same week. The October employment report arrives Friday, November 6.
Speculation over the next Federal Reserve Chair continues to grow — White House economic adviser Kevin Hassett stated on Sunday that he would be willing to serve as the next Fed chairman if selected, and Treasury Secretary Scott Bessent indicated that the new chair nominee could be named before the Christmas holiday.