I'll pull today's top business and market headlines for you.
Today - Saturday, November 8, 2026 - Top Business / Market Headlines:
US Markets - Rebound but Weekly Losses:
•Tech shares staged a rebound Friday but failed to erase heavy weekly losses. The Nasdaq Composite's late-session rebound of 264 points (1.1%) to close at 24,579 on Friday still left the index down 3.4% for the week and stuck in correction territory after shedding $2.5 trillion in market value on Thursday.
•The mixed close Friday: S&P 500 7,376.86 +0.31% , Nasdaq 24,579.42 +1.09% , Dow Jones 51,285.73 -0.46%. US equities finished the session with mixed results as technology shares attempted a recovery. The Nasdaq climbed 1.09% to 24,579.42 and the S&P 500 added 0.31% to 7,376.86, lifted by a rebound in chipmakers like Nvidia and AMD. Nvidia gained 2.8% and Advanced Micro Devices surged 11% in the rebound.
•Broader weekly damage: Beyond tech, the S&P 500 and Dow Jones Industrial Average also suffered weekly declines of 2.7% and 0.9%, respectively, despite Friday's partial recoveries.
Jobs Report & Fed / Yields / Dollar:
•The US economy added 165,000 jobs in October, beating expectations as the unemployment rate slipped to 4.1%. The Department of Labor reported that the US economy added 165,000 jobs in October, outperforming consensus estimates, while the unemployment rate ticked down to 4.1%.
•The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month. The US Dollar Index advanced 0.72% to 102.28.
•Bond yields responded to the stronger labor market by moving higher, with the US 10-year Treasury yield rising 0.45% to 4.86%. Gold fell 0.83% to $4,079.50 per ounce as higher yields increased the opportunity cost. In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly.
AI Bubble / Midterm Election Fallout:
•The week's turbulence was directly tied to the U.S. midterm elections on November 3–4, where Democrats secured control of both chambers of Congress.
•Wall Street is undergoing notable shifts as worries about the AI investment frenzy and political developments arise. Wall Street grapples with $5.7 trillion rout as AI bets unwind. The Treasury Borrowing Advisory Committee also highlighted growing concerns about AI-related financing risks, reporting an 80% surge in insuring AI borrowers' debt since August 2026.
Corporate / Deal Headlines:
•Tesla is set to cease Cybertruck production by mid-2027 as it pivots towards the Cybercab robotaxi initiative. Reuters: Tesla to add Cybertruck shift to clear orders before dismantling line next year.
•Aon nears $17 billion deal to buy insurance broker USI from KKR, WSJ reports.
•Berkshire shares surge as Wall Street swoons amid AI fears - CNBC.
•Airbnb surged 11.7% on Friday after reporting Q3 earnings that exceeded expectations, with revenue up 19% year-over-year.
•Bloomberg headlines: Meta's Bond Sale Shows New Reality for Tech Debt and Wall Street Sees US Hitting $41.1 Trillion Debt Cap in February.
•Coca-Cola's India bottler Hindustan Coca-Cola Holdings files for IPO - Reuters. The planned IPO will involve the sale of 99.75 crore shares.
•Why Beijing blocked SoftBank's $5.4 billion ABB Robotics deal. Sony has raised its PlayStation business sales and profit forecasts by 6%.
Crypto / Regulation:
•The US Treasury cut off crypto exchange MEXC over alleged illicit transactions tied to Iran, North Korea, and Russia. FinCEN ordered domestic financial institutions to sever ties with the crypto exchange MEXC, citing facilitation of roughly $16 billion in illicit transactions linked to Iran, North Korea, and Russia. Despite the blow, Bitcoin traded down just 0.17% at $75,812.36.
Global / Asia:
•'Anti-AI' Trade Turns Indian Equities Into Asia's Bright Spot - Bloomberg.com. Indian equity markets rallied significantly following the results of the US midterm elections.
•Japan's tech-heavy Nikkei 225 fell 6% on Friday – its worst one-day fall since the US announced "Liberation Day" tariffs in April 2025.