| The dollar rose to a 3-month high against the euro, extending its gains from last week on doubts about the outlook for another Fed rate cut this year. The Federal Reserve lowered interest rates by 25 basis points last week, but Chair Jerome Powell signalled that may be the last cut this year. |
TON Strategy has been reprimanded by Nasdaq over rule violations related to its Toncoin purchases. Nasdaq has issued TON Strategy a letter of reprimand in connection with its $272.7 million Toncoin purchase.
Chinese automaker BYD said its October sales dropped 12% from the same month a year earlier. BYD reported a nearly 33% drop in third-quarter profit on Thursday. Revenue was down 3% for the quarter, the first such decline in more than five years.
Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement.
| A resilient U.S. stocks rally heads into a busy week of corporate results, with investors concerned about the strength of the artificial intelligence trade and about how aggressively the Federal Reserve will cut interest rates. The S&P 500 on Friday ended October up 2.3% for the month, its sixth straight month of gains. |
Bitcoin exchanges experienced no let-up in spot trading volume this month, despite the price dropping nearly 20% from its all-time high. Gathering spot-market data from across global exchanges, CryptoQuant reveals that, so far in October, the total spot volume tally exceeds $300 billion.
