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Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four years

The producer price index was expected to increase 0.4% in October, according to the Dow Jones consensus.

Nov 13, 2026 · Staff
Originally on Wedgetail
News
CoreWeave tunes out Nvidia noise, looks to raise $4B

CoreWeave, whose stock has been going up and down all week on the Nvidia saga, is back at the borrowing table with a $4 billion loan ask.

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Bessent blames Lutnick’s commerce department for failure to blacklist Megaspeed

The salvo from the Treasury secretary threatens to further stoke tensions within Trump administration over Nvidia scandal

Nov 13, 2026 · Staff
Originally on Wedgetail
News
US Wholesale Inflation Climbs to Fastest Pace Since 2022

US wholesale inflation remained elevated in October, as the producer price index rose 6.5% from a year earlier. The PPI advanced 0.3% from a month ear...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Gold Crackdown in UAE Fails to Curb African Smuggling, NGO Says

Gold smuggling from Africa to the United Arab Emirates showed little sign of slowing after the Gulf state introduced tougher sourcing rules, according...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
China warns US over chip curbs as suspected spy’s firm got banned chips

The row threatens to overshadow next week’s expected Trump-Xi meeting, as Congress pushes for tougher limits on sales to Beijing.

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Barrick Mining expresses interest in mineral processing industries in Karachi, Gwadar

The delegation from the Barrick Mining Corporation on Friday expressed strong interest in investing in the establishment of mineral processing industr...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Stocks Rise Ahead of PPI; Microsoft Outage; Nvidia Fallout

US equity futures rise as investors await the latest inflation data to cap a dramatic week. Microsoft sees signs of early stabilization from a global ...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist

If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India...

Nov 13, 2026 · Staff
Originally on Wedgetail
News
China warns against fresh US chip curbs

China has warned the US against imposing additional export controls on AI chips.

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Ukrainian-founded drone maker UForce raises $700 million at $6 billion valuation

The investment will help UForce expand production for Ukraine and supply allied countries with systems suited to modern warfare, the company said.

Nov 13, 2026 · Staff
Originally on Wedgetail
News
Russia has always been reliable energy supplier to Turkey — minister

Alparslan Bayraktar recalled that Turkey had been cooperating with Russia in that sphere for forty years

Nov 13, 2026 · Staff
Originally on Wedgetail