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The World in Brief from The Economist

Tech stocks tumble; Lebanon ceasefire talks, and more

The World in Brief from The Economist

The Economist

Daily News, Global News, News, News & Politics

4.11.2K Ratings

🗓️ 1 November 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

American stocks tumbled on Thursday following damp earnings reports from Microsoft and Meta earlier in the week.

Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.1

If you're already an Economist subscriber, visit

0:22.9

economist.com slash espresso or visit our espresso app to start listening. Here's today's

0:29.5

free edition.

0:34.6

This is the world in brief from The Economist.

0:42.8

Our top stories.

0:46.4

American stocks tumbled on Thursday following damp earning reports from Microsoft and META earlier in the week. The SMP 500 slid by 1.9% while the

0:58.9

tech-heavy NASDAQ was down 2.8%, their largest daily declines since the start of September.

1:07.1

Meanwhile, Amazon reported higher third quarter earnings and revenue than analysts expected, sending

1:14.0

its stocks up during after-hours trading.

1:18.6

Najib Mikarty, Lebanon's caretaker, Prime Minister, said he was cautiously optimistic about

1:25.4

a ceasefire in the country.

1:30.0

Israeli officials met their American counterparts to discuss the possibility of a truce. Earlier, Hamas rejected an American and

1:36.5

Qatari proposal for a pause in the fighting in Gaza. The UN on Thursday warned of their,

1:43.8

quote, worst-case scenario of famine in the strip.

1:49.5

OpenAI launched a new search tool, posing a challenge to Google. ChatGPT search will use artificial

1:57.2

intelligence to answer users' questions with up-to-date information linking to relevant

2:03.0

web sources. Since the launch of ChatGPT in 2022, OpenAI, a startup, has surged to the forefront

2:12.0

of development in generative AI. Shares in Alphabet, Google's parent company, fell slightly on the news.

2:22.0

Around 8,000 North Korean soldiers have been sent to Russia's Kursk region, close to the border with

2:29.1

Ukraine, said Anthony Blinken, America's Secretary of State. These troops have been trained by Russia and are expected to be deployed into combat in the coming days, he added.

...

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