Economy news · 11 November 2026
Hotter US inflation reading lifts bets on a Fed rate hike
A higher-than-expected October US consumer price report pushed Wall Street lower and strengthened market bets on a Federal Reserve rate increase in December, per TheStreet.
Nasdaq slides into correction as AI-boom doubts grow
CNN reports the Nasdaq fell into correction territory as US midterm results raised new questions about the AI boom; Reuters says Nvidia fell about 5.5%.
CoreWeave earnings beat expectations
AI cloud company CoreWeave reported results that beat expectations, according to market coverage.
US adds 165,000 jobs in October as unemployment rate falls
CNN reports the US economy added 165,000 jobs in October and the unemployment rate declined.