Falling stock markets and high shop prices push US consumer confidence down; bitcoin hits nine-month low – business live

Wall Street's risk machine showed signs of fragility this week, despite a rebound on Friday that spared it from a complete breakdown. The current market cycle has become increasingly vulnerable, reflecting broader concerns about the stability of financial markets amid ongoing volatility.

Oil prices have settled at their lowest level in a month as the United States intensifies efforts to negotiate a peace deal between Russia and Ukraine. This decline reflects a reduction in the risk premium associated with oil prices, as market participants assess the implications of potential peace talks on future supply and demand dynamics.

G20 envoys have reportedly reached an agreement on a draft declaration despite a boycott by the United States. Sources indicate that the discussions among the representatives were productive, allowing for a consensus to be formed without US participation.

A draft declaration from the G20 reportedly includes references to 'climate change,' which contradicts the stance of the United States. This development highlights ongoing tensions between the G20 nations and the US regarding climate policy and international cooperation on environmental issues.

China has made its largest purchase of US soybeans in two years, which has positively impacted soybean prices and prompted sales from struggling farmers. This significant buy reflects China's ongoing demand for agricultural products amid fluctuating market conditions.

The U.S. government has canceled the release of the Consumer Price Index (CPI) report for October due to a federal government shutdown. This decision reflects the ongoing impact of the shutdown on economic reporting and analysis, which is crucial for market participants and policymakers.

Amtrak's ridership reached a record high of over 34 million in 2025, following the introduction of new routes and upgrades to several train cars aimed at expanding capacity. This significant increase reflects the growing popularity of rail travel in the United States.

Lilly has become the first healthcare company to reach a market capitalization of one trillion dollars, marking a significant milestone in the industry. This achievement has garnered a positive reaction from Wall Street, reflecting investor confidence in Lilly's growth prospects and market strategies.