NewsBrief Updated Oct 22, 3:10 PM PDT

International Markets

World indexes

IndexLevelDay
FTSE 100 (UK)10,724▼ 0.27%
Nikkei 225 (Japan)62,908▼ 2.65%
Hang Seng (Hong Kong)22,935▼ 3.91%
S&P 500 (US)7,662.54▼ 1.22%

World indexes refresh every 20 minutes while US markets are open and every hour at other times on weekdays. This section updates on its own while the page is open. As of Oct 22, 3:10 PM PDT. Data from Financial Modeling Prep; may be delayed. Not investment advice.

Market news

What is PHP? The AI-detected bug prompting a global security scramble

3 outlets · 1 min ago

PHP is a widely used general-purpose scripting language that is geared toward web development, and it powers the vast majority of websites across the world

  • Nikkei Asia: AI-detected PHP security flaws disrupt websites, spark warnings across Asia
  • BBC: AI uncovered long-hidden programming flaws, triggering a rare global cyber-security response.
Read the sources (3)

Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

3 outlets · 7 hr ago

Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profits Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI.

  • CNBC: U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.
  • BBC: The bank says it is using more AI leading to a 5% reduction in its workforce.
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Double blow to Healey as inflation rises to 3.5% and monthly deficit hits £24bn

3 outlets · 1 d ago

Consumer prices rise by more than expected while government’s debt interest payments surge to record high for September Inflation surged to 3.5% last month while the government deficit was a worse-than-forecast £24.5bn,…

  • BBC: Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
  • Financial Times: Figure comes ahead of next week’s Budget and will cement expectations of Bank of England rate rise in November
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Millions in cheese revenue lost as protest hits Italy’s buffalo mozzarella output

2 outlets · 4 hr ago

A truckers’ protest in southern Italy has halted the production of the famed buffalo mozzarella, causing an estimated loss of €3 million (US$3.37 million) in just 24 hours as the milk cannot reach dairies in the Naples…

  • Financial Times: Highway blockades lead to major disruptions in country’s south
Read the sources (2)

French borrowing costs hit 24-year high as civil unrest and budget fears spook markets

2 outlets · 1 d ago

Yield on 10-year government bonds passes 5% amid failure to pass budget and fallout from violent street protests France’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and…

  • Financial Times: Concerns over public finances and political stability have helped push up 10-year bond yields from 3.2% in late February
Read the sources (2)