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GPT-5Oct 31, 2026openai/gpt-5-2025-08-07

What are today's top business/market headlines?

Here are today’s top business/market headlines for Saturday, October 31, 2026:

•Stocks: Wall Street capped a rough week Friday—the S&P 500 fell 1.8% (worst day since June) and the Nasdaq slid 2.9%, as an AI-led tech selloff deepened; Intel plunged about 29% for its worst day since 1974, and Alphabet suffered its worst day on record Thursday (down ~12.6%, wiping out roughly $500B in value).[1]
•Fed: The Federal Reserve left rates unchanged at 3.75%–4.00% on Wednesday (Oct 28) with two dissents favoring a hike; Treasury yields eased late in the week as investors moved into safe havens.[2]
•Economy: Advance GDP showed the U.S. economy grew at a 3.4% annualized pace in Q3; the Fed’s preferred inflation gauge (PCE) rose 3.6% year over year in September.[3]
•Oil: Brent crude neared $118 a barrel Friday—highest since late April—putting it on track for a fourth straight monthly gain amid heightened Middle East risk; energy shares rallied.[4]
•Earnings: ExxonMobil and Chevron beat Q3 profit expectations on stronger prices/refining margins.[5]
•Crypto: Binance disclosed an estimated $6.3B theft in what appears to be the largest crypto hack ever; stablecoin issuers froze portions of related funds and U.S. agencies are assisting the probe.[6]
•Housing: The average 30‑year U.S. mortgage rate dipped to 7.24%, the lowest in more than a month.[7]
•Global central banks: The Bank of Japan held rates and upgraded its inflation outlook, signaling scope for future hikes; the yen firmed modestly.[8]

If you want, I can tailor this to a sector (tech, energy, consumer) or add key data points (index levels, yields, oil settlement) from Friday’s close.

Citations (8)

  1. 1apnews.comNews and mediaquality 1.00
    How major US stock indexes fared Friday 10/30/2026

    Backs: “Intel plunged about 29% for its worst day since 1974, and Alphabet suffered its worst day on record Thursday (down ~12.6%, wiping out roughly $500B in value).”

  2. 2axios.comNews and mediaquality 0.90
    Fed leaves rates steady as governor Lisa Cook dissents

    Backs: “Treasury yields eased late in the week as investors moved into safe havens.”

  3. 3bea.govGovernment
    Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

    Backs: “Advance GDP showed the U.S. economy grew at a 3.4% annualized pace in Q3; the Fed’s preferred inflation gauge (PCE) rose 3.6% year over year in September.”

  4. 4dawn.comNews and mediaquality 0.83
    Brent surges to $118 - Newspaper - DAWN.COM

    Backs: “Brent crude neared $118 a barrel Friday—highest since late April—putting it on track for a fourth straight monthly gain amid heightened Middle East risk; energy shares rallied.”

  5. 5apnews.comNews and mediaquality 1.00
    ExxonMobil and Chevron top Q3 estimates on higher prices and strong output

    Backs: “ExxonMobil and Chevron beat Q3 profit expectations on stronger prices/refining margins.”

  6. 6apnews.comNews and mediaquality 1.00
    What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

    Backs: “Binance disclosed an estimated $6.3B theft in what appears to be the largest crypto hack ever; stablecoin issuers froze portions of related funds and U.S. agencies are assisting the probe.”

  7. 7apnews.comNews and mediaquality 1.00
    The average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month.

    Backs: “The average 30‑year U.S. mortgage rate dipped to 7.24%, the lowest in more than a month.”

  8. 8investing.comNews and mediaquality 0.54
    BOJ keeps interest rates steady, signals further rate hikes By Reuters

    Backs: “The Bank of Japan held rates and upgraded its inflation outlook, signaling scope for future hikes; the yen firmed modestly.”