Japan’s 10-year bond yields at highest since global financial crisis

Nvidia has reported strong growth driven by significant sales of artificial intelligence chips, indicating a positive outlook for the company's financial health. The earnings results are seen as a key indicator of the overall health of the AI sector, reflecting Nvidia's pivotal role in this rapidly evolving market.

Minutes from the US central bank's October meeting reveal a significant divide among Federal Reserve officials regarding the potential for a rate cut in December. This schism highlights differing perspectives on the economic outlook and monetary policy direction as the Fed navigates complex market conditions.

Elon Musk's artificial intelligence company, xAI, is reportedly in advanced discussions to raise $15 billion, aiming for a valuation of approximately $230 billion. This fundraising effort reflects the growing interest in AI technologies and the potential for significant investment in the sector.

Kering's chief executive, Luca de Meo, has communicated to staff the necessity for the luxury group to reduce its reliance on the Italian brand Gucci. In a memo, he emphasized the need to address the company's 'over-dependency' on Gucci to ensure a more balanced portfolio.

Blue Owl has decided to cancel the merger of its private credit funds, a move that could potentially lead to losses of up to 20% for investors involved in one of the funds. This decision reflects the company's cautious approach in navigating the current market conditions.

Lawrence Summers has resigned from the board of OpenAI following scrutiny over his email exchanges with convicted sex offender Jeffrey Epstein. The former U.S. Treasury Secretary announced his decision amid growing criticism and stated he would withdraw from public commitments.

Japan's seafood industry is facing significant challenges as China has announced a suspension of imports of Japanese seafood amid escalating diplomatic tensions. This decision is part of a broader dispute between the two nations and raises concerns about the economic impact on Japan's seafood sector.

The decision to restart Japan's largest nuclear plant, the Kashiwazaki Kariwa facility, is pending as a local politician weighs the implications. This decision is critical for the facility's operations and the broader energy landscape in Japan.