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The World in Brief from The Economist

Wall Street reverses gains; America’s raw deal for Ukraine, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 21 November 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Wall Street stocks fell on Thursday, reversing earlier market gains that followed Nvidia’s strong third-quarter earnings and seemingly reigniting fears of an AI bubble.

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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,

0:22.6

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

0:29.5

free edition.

0:35.0

This is the world in brief from The Economist.

0:41.8

Our top stories.

0:45.0

Wall Street stocks fell on Thursday, reversing earlier market gains that followed NVIDIA's

0:51.4

strong third-quarter earnings and seemingly reignited fears of an AI bubble.

0:58.0

Shares in the AI chipmaker, which opened 5% higher in the morning, were down by over 3% when markets closed.

1:06.1

The SMP 500 and the tech-heavy NASDAQ ended the day roughly 1.5% and 2% lower, respectively.

1:16.1

Volodymy Zelensky, Ukraine's president, is expected to speak with Donald Trump in the next few days

1:22.7

after America presented him with a peace plan.

1:26.8

The proposal, which America drew up with Russia without

1:30.0

Ukrainian involvement appears to demand that Ukraine capitulates to Russia. Kaya Kallis, the European

1:37.7

Union's top diplomat, said that peace efforts should instead, quote, put the pressure on the aggressor.

1:46.2

America's economy added 119,000 jobs in September, according to a delayed report from the Bureau

1:53.4

of Labor Statistics. Several polls had predicted it would add just 50,000 new jobs. However,

2:00.5

unemployment reached 4.4% its highest level since 2021,

2:05.6

due to 470,000 people entering the labour force.

2:10.4

The report may deter policy makers at the Federal Reserve

2:13.9

from cutting rates in December.

...

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