The Dow fell 1,800 points and the Nasdaq 5.5% in the worst US rout since 2020, and the damage reached Asian stocks, tycoons’ fortunes and currencies.
The defense secretary released a defiant video defending the Iran war as lawmakers from both parties moved toward a vote to impeach him as soon as next week.
Prospective backers say the AI developer may need a bigger discount, and possibly a later date, after a market rout and the election result hit technology stocks.
The crypto venture linked to the president’s family said it will buy back its governance token, with initial funding that may come from fees on its USD1 stablecoin reserves.
A senior Iranian official described the offer as Iranian officials reviewed mediators’ proposals and Trump said a decision on resuming all-out war would come soon.
John Williams described a remarkably resilient economy and a stable labor market while saying the Fed should collect more information before setting its next move.
The first lady gathered Russian and Ukrainian officials at the White House following a local ceasefire, and the president then met Putin’s special envoy.
October payrolls far outpaced September’s weak gain and, by some readings, strengthen the case for further Federal Reserve rate increases.
The secretary of state dismissed reports that he was preparing to leave the administration ahead of a possible 2028 bid, and the White House also denied he would go.
Precious metals extended a post-election rally, with silver near $53, before higher oil prices revived inflation worries ahead of the US payrolls report.
Madrid formally put forward the former Bank of Spain governor, widely seen as a leading candidate, as the race for the top job at the European Central Bank entered a new phase.