Economy news · 7 November 2026
US adds 165,000 jobs in October, far above expectations
The US economy added 165,000 jobs in October, well above forecasts, and unemployment fell to 4.1%. Analysts also flagged a worrying rise in long-term unemployment beneath the strong headline.
Bank of England raises rates, warns inflation will near 5%
The Bank of England hiked interest rates and warned UK inflation could approach 5%. Soaring energy prices are driving price pressures across Europe.
Wall Street AI selloff shakes markets after US midterm elections
US stocks suffered a sharp AI-driven rout after the midterms, with the Dow plunging nearly 1,700 points before partial recovery on 6 November.
Wendy's rejects $1.4 billion takeover proposal from Trian
Wendy's turned down a $1.4 billion takeover proposal from Nelson Peltz's investment firm Trian.
Euro zone inflation hits 4%, highest in three years, as ECB rate hike looms
Euro zone inflation rose to 4% in October, the first time in three years it reached that level, raising expectations of an ECB rate hike.