EconomyHSBC is planning sweeping job cuts across its UK wealth management business as part of a broader effort to use artificial intelligence to serve affluent clients more efficiently, the Financial Times reported, citing people familiar with the matter. Bloomberg Television’s Tom Metcalf discusses the report.
Bloomberg Television
WorldAs Israelis mark three years since Hamas’s October 7 attack and elections approach later this month, attention is again turning to what Benjamin Netanyahu knew beforehand. The Israeli prime minister has been accused of disregarding repeated warnings, an allegation he denies.
EconomyBank of America’s head of U.S. equity and quantitative strategy, Savita Subramanian, says bonds look attractive again. She says the risk-return for a 10-year Treasury is now about above 5%, while the bank’s valuation framework suggests S&P 500 returns over the next decade may fall short of that level.
Bloomberg Television
WorldThree years after the war between Israel and Hamas began, bombardment has dramatically transformed Gaza, the Palestinian territory. Residents are trying to survive, caught between hope for a better future and resignation.
WorldOn October 7, 2023, Hamas launched a series of deadly attacks on Israeli towns and military sites near the Gaza border in a large, coordinated assault. The report retraces events hour by hour and says the day became known as the biggest massacre the Jewish state has ever seen.
Economy6:34International Monetary Fund Managing Director Kristalina Georgieva says governments must urgently tackle challenges posed by the energy shock, higher interest rates and record debt. She says post-pandemic spending and wars in Ukraine and the Middle East have pushed some countries “out of the safe zone.”
Bloomberg Television
Economy7:51The International Energy Agency is meeting in Brussels to finalize details of a G7 proposal to release 100 million barrels of diesel and crude oil to ease a global supply crunch. Diesel prices have hit record highs this year amid Strait of Hormuz disruptions and Ukrainian attacks on Russian refineries. Goldman Sachs managing director Nikhil Bhandari discussed crude refining and related issues.
WorldFox News correspondent Trey Yingst reports on the latest as Israel marks three years since the October 7 terror attacks.
Fox News
SocietyA former Cornell student alleges that Chi Phi fraternity members gang-raped her at a party in 2024. Her lawyer told CBS News she has faced intense backlash for speaking out, including death threats.
EconomyIndia’s central bank has raised interest rates for the first time in nearly four years. Governor Sanjay Malhotra said further rate increases are off the table in the near term given the current economic situation.
Bloomberg Television
HealthA mother and her unborn baby were buried as the Democratic Republic of Congo marked 4,000 deaths in its ongoing Ebola outbreak.
Reuters
World1:12ABC News Chief Meteorologist Ginger Zee is tracking the storm as it moves toward the Gulf Coast. It is expected to strengthen over the next 24 to 48 hours.
ABC News
Economy2:11The Reserve Bank of India has indicated further rate increases may follow after its first policy tightening in nearly four years to curb inflation. It raised its inflation forecast for the financial year to 5.2% and its GDP growth outlook to 7.1%. The rupee is near record lows, while higher oil prices are increasing import costs.
World8:33Aner Shapira, a 22-year-old Israeli, was killed when Hamas attacked the Nova music festival on October 7, 2023. His parents told France 24 they still feel his presence and are learning to live with their loss. Shapira threw seven grenades back toward Hamas fighters before an eighth exploded in his hands, killing him.
EconomyArtificial intelligence is already reshaping the labor market, but not as many expect. ADP chief economist Nela Richardson and host Carmel Crimmins discuss why AI seems to be changing tasks rather than eliminating jobs, why younger workers feel the effects first, and why experience is proving more valuable than many economists had predicted.
Reuters
SocietyChrista Pike is conscious and able to speak after surviving two lethal injections during her execution, her attorneys said Tuesday.
CultureFreddie Jackson, the R&B singer behind 1980s hits including “Rock Me Tonight (For Old Times Sake)” and “You Are My Lady,” has died at 70. His family said he died Monday, three days after his birthday.
The Associated Press
PoliticsIndonesia’s Constitutional Court unanimously dismissed a challenge seeking to remove Vice President Gibran Rakabuming Raka over his educational credentials. The judges said the petitioners lacked standing because they did not take part in the 2024 presidential election, and found no convincing evidence that Gibran held a foreign diploma equivalent to …
Politics3:38The US midterms may draw less attention than presidential elections, but they can reshape a president’s term and influence federal legislation for years. The explainer examines how the elections work, what their results mean and how they affect life in America.
WorldThe Department of Homeland Security announces it has seized oil worth $2.8 million that was headed to Cuba, citing a violation of sanctions.
The Associated Press
Science1:21:26Kenso Soai of Tokyo University of Science and Henry B. Kagan were named winners of the 2026 Nobel Prize in chemistry for discovering non-linear effects and autocatalysis in asymmetric organic synthesis. Soai is set to react live.
The Associated Press
SocietyHot air balloons fill the skies over New Mexico during the “Flight of the Nations” mass ascent at the Albuquerque International Balloon Fiesta.
Reuters
WorldMyanmar leader Min Aung Hlaing has begun a two-day visit to Malaysia as he continues seeking regional and international legitimacy. He is due to meet Prime Minister Anwar Ibrahim tomorrow, with Malaysia seeking cooperation on repatriating Myanmar nationals.
WorldGaza University President Professor Hassan AbuJarad discusses how Israel’s onslaught in Gaza has affected students in the enclave.