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The Zevin Newsroom
2 Nov 2026: Gulf tension, oil drop, rate hikes and the AI trade
· News edition · 5:23
News edition, 5:23. English captions available on YouTube.
The Zevin Newsroom for Monday 2 November 2026, presented with Chief Editor Chanan Zevin, on the eve of the US midterm elections. Today's stories, summarised in our own words from reporting by Bloomberg, the Financial Times, the Wall Street Journal and Forbes:
Geopolitics: Gulf braces for a wider Iran war. Yet oil falls more than 3% on peace-talk hopes. Source: Financial Times, Wall Street Journal
Energy: OPEC+ holds output as shipping risks linger. US petrol heads for a record; Ryanair targets a $2bn fuel bill. Source: WSJ, Financial Times, Bloomberg
Economy: Saudi economy shrinks 3.8%. Lower oil output hits growth; Japan signs $21bn in gas deals. Source: WSJ, Financial Times
Markets: Wall Street halts its selloff. AI stocks steady after the Nasdaq's worst month in over a year. Source: Bloomberg, Financial Times, WSJ
AI: Can the AI boom survive higher rates? Investors buy insurance on the biggest bet in market history. Source: Financial Times, WSJ
Central Banks: Rate hikes are back. Bank of England expected to raise; Australia eyes a fifth hike. Source: WSJ, Bloomberg
Credit: Junk-bond rout hits credit investors. Data-centre delays worry lenders; Alphabet sells a euro bond. Source: Financial Times, Bloomberg
Crypto: Binance reopens after record hack. Users pull $3.6bn as withdrawals resume. Source: Financial Times, WSJ
US Politics: Midterms: the final push. Polls show Democrats ahead in nearly all key Senate races. Source: Financial Times, Forbes
World: US seeks to restore Russian gas flows via Ukraine. Russian strikes deepen Ukraine's need for foreign aid. Source: WSJ, Bloomberg
Technology: Rhode Island accuses Meta over scam ads. Shopping bots take aim at Amazon. Source: Forbes, WSJ