Morning Edition · Friday, October 16, 2026
Markets
CoreWeave's default insurance reaches distress levels as the AI debt sell-off spreads to South Korea's Kospi
Seven straight losing sessions removed about 20% of the Seoul index's value, while US 10-year Treasury yields fell 10.5 basis points to 5.085% as investors sold technology shares and bought defensive ones.
Macro
Fed Chair Warsh gives no signal on an October move after US consumer prices rise 3.7% from a year earlier
Speaking with International Monetary Fund chief Kristalina Georgieva in Bangkok, Warsh said the Fed is "not in that business anymore," while Georgieva warned that debt service already absorbs 14% of government revenue in emerging economies.
Markets
WTI crude jumps 3% on a large US inventory draw while Brent stalls as Washington weighs easing Russian tanker sanctions
Brent settled at $105.92 even after US Central Command confirmed that an Iranian projectile struck a container ship that sank in the Strait of Hormuz this week.
Geopolitics
Zelensky says Ukraine will resume strikes on Russian refineries as Trump says the war will be settled without him
Reuters reports that the order slowing Starlink service for Ukraine's military on October 14 came from within the White House and disrupted mid-range strike and interceptor drones.
Crypto
Bitcoin falls below $80,000 and recovers to $82,500 alongside Seoul chip stocks while silver extends a 12% monthly decline
Gold slipped about 0.4% to near $4,155 an ounce on Friday as US 10-year yields above 5% raised the cost of holding assets that pay no interest.
Macro
Bank of Japan's Koeda says the neutral rate is "considerably above 1%" and warns the board against excessive caution
She named AI demand, Middle East tensions and the weak yen as upside risks to prices, which keeps a move from the current 1.25% policy rate in play at the October 29-30 meeting.
Macro
EU revives debate on confiscating frozen Russian assets as Belgium maintains its objection before the October 23-24 summit
European Commission President Ursula von der Leyen also proposed EU-wide strategic gas reserves over fears of a winter shortage, while Zelensky sought European backing as his relationship with Trump deteriorates.
Geopolitics
Israeli officials weigh an Iran strike plan covering energy and missile sites, but reports say action before the October 27 election is unlikely
Prime Minister Benjamin Netanyahu spoke with US Secretary of State Marco Rubio and convened security chiefs, while opposition parties drafted plans to repeal his government's laws if they win a majority.
Geopolitics
Houthis have struck Riyadh's main airport 20 times this month, the Saudi-led coalition says, as missiles hit Aden's presidential palace
A Yemeni minister said five people were killed at Aden's Maashiq Palace, while a coalition counteroffensive on the Red Sea coast is contesting territory the Houthis seized in September.
World
Brazil's Senate votes 75-1 to cut the work week to 40 hours, ten days before the Lula-Flávio Bolsonaro runoff
Folha reports that Jair Bolsonaro favors economist Adolfo Sachsida to run the Finance Ministry if his son wins on October 25, while Lula says he expects a tariff deal with Washington but will not rule out retaliation.
Markets
MSCI proposes reclassifying Indonesia from emerging-market to standalone status over opaque ownership and suspected coordinated trading
The index provider said frontier status would not reflect how serious the problems are, kept its freeze on changes to Indonesian index holdings and will decide by June 30, 2027.
World
Carney says the United States is trying to break Canada as Alberta votes on starting a path toward separation
Albertans vote on Monday, October 19, on whether to instruct their government to begin the legal process toward a future separation referendum, and the prime minister is spending the final week campaigning in the province.