Vacation rental firm Airbnb posted higher third-quarter profit and revenue, helped by strong bookings in markets such as Latin America and Asia Pacific. Shares of the company rose 4.6% after the bell.
OpenAI CFO Sarah Friar said that an IPO is “not on the cards” for the company in the near term, the Wall Street Journal reported. Friar said the AI firm is prioritizing growth and research over profitability, and that its recent structural changes do not signal an imminent listing.
The non-fungible token market has lost nearly half its value in the past 30 days, even as trading activity picked up in October. CoinGecko data shows that the global NFT market capitalization plunged from about $6.6 billion on October 5 to $3.5 billion.
UK’s FTSE 100 scaled a fresh record close after starting on a quiet note, while investors await the Bank of England’s interest rate decision and more corporate earnings later this week. The blue-chip index finished 0.6% higher, surpassing its previous record close last Thursday.
Gold prices fell more than 1% as the dollar hit multi-month highs, while traders awaited U.S. economic data for clues on the Federal Reserve’s monetary policy path. U.S. gold futures for December delivery eased 1.3%.
The dollar rose to a four-month high against the euro as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year, while a risk-off move sent investors seeking the U.S. currency for safety.
