Tuesday, November 10, 2026
The Daily Brief →CPI
October CPI Rises 0.4% as Shelter Drives Over 30% of the Increase
Inflation rose 0.4 percent month over month in October. Shelter drove over 30 percent of the increase, food rose 0.5 percent, and energy cooled from a 5.2 percent September jump to 0.7 percent.
Nov 10, 2026 · 2 min read
Nvidia Falls for a Second Day as Trump Backs Huang and Shareholders Sue
Nvidia
Nvidia
Research. The Nvidia Investigation: What Jensen Huang, the Board, Trump and Beijing Have Actually Said
By Kanchan · Nov 9, 2026
Markets Wrap
S&P 500 Jumps 2.35% in Best Day Since April as Oil Slides and Chips Rebound
Earnings
Berkshire Hathaway Earnings: Q3 Operating Profit Down 6%, Nine Months Up 8% to $37.0B
Markets Wrap
Nasdaq Falls 5.3% Into Correction Territory as Chip Stocks Lead a Broad Selloff
Earnings
Earnings Today: Airbnb and Cloudflare Report After the Close on a 642-Company Day
Markets
ⓘ Delayed data, not real-time. Where our data comes from
Rates
Nov 9| Fed Target | 3.75–4.00% | |
|---|---|---|
| Fed Funds Eff. | 3.88% | |
| SOFR | 3.88% | |
| U.S. 3-Month | 4.24% | ▲ 5 bp |
| U.S. 2-Year | 4.56% | ▲ 5 bp |
| U.S. 10-Year | 4.88% | ▲ 2 bp |
| U.S. 30-Year | 5.26% | 0 bp |
Currencies
Nov 10| EUR/USD | 1.1214 | ▲ 0.19% |
|---|---|---|
| GBP/USD | 1.3423 | ▲ 0.05% |
| USD/JPY | 158.18 | ▲ 0.15% |
| USD/CNY | 6.6703 | ▼ 0.04% |
| USD/INR | 93.93 | ▼ 0.01% |
| USD/CAD | 1.4136 | ▲ 0.24% |
| USD/CHF | 0.8207 | ▲ 0.24% |
Rates: U.S. Treasury constant-maturity yields (Federal Reserve H.15, via FRED) and New York Fed reference rates, latest published. Currencies: European Central Bank reference rates. Changes are against the prior reading; rates in basis points.
Research
All research →
The Election Was the Match, Not the Fuel: Thursday's Chip Crash
A 12% one-day collapse in semiconductors needs more than a headline to explain it. Read the tape closely and the selloff looks less like a verdict on AI demand and more like a crowded trade meeting a memory cycle that has started to hurt its own customers.
Nov 7, 2026 · Niraj Neupane
Midterms 2026
With Immense Power Comes the Ledger: What the New Democratic Congress Promised, What Flipped-State Voters Need, and the Gap Between Them
Democrats won both chambers on affordability and healthcare. Their stated agenda matches the flipped farmer vote on ACA premiums, Medicaid and tariffs in intent — and has no named programme yet for fertilizer, diesel or farm credit. And the most urgent farm deadline is decided by the outgoing Congress, before the new gavels are seated on January 3.
Midterms 2026
Iowa Farm Country Decided Control: Turek Beats Hinson, and the Senate Flipped With the Soy Market
An open seat, a harvest run on expensive diesel, a soybean market hit by tariffs — and the race AP called at 11:35 p.m. that gave Democrats the Senate. The numbers behind the flip, and what the new Agriculture Committees can and cannot deliver from January 3.
Midterms 2026
Kansas: The Farmer Flip — Hamilton Ends a 94-Year Drought on a $737,375 Farm Ledger
The Preisser family of Sylvia, Kansas itemised it on paper for CBS News: $514,625 more for fertilizer, $187,000 more for diesel, and $325,000 less in revenue. Fertilizer up 15.3 percent nationally, no Farm Bill after a two-year wait, and a first-ever Democratic vote from the man who started the farm. Kansas also kept the counterpoint in the same story — not every farmer under the same pressure flipped.
Midterms 2026
Maine: Heating Oil Above $6, a Canada Tariff Waiver on October 23, and the Seat Susan Collins Still Lost
Troy Jackson, a fifth-generation logger, ousted a five-term senator in a state where 54% of homes heat with oil. The waiver exempted nine farm categories four days before the election — and the same order added other tariffs. What the record shows, and what it does not.
From the Street
We walk the blocks we write about.
Financial Gurkha operates from New York City. Most articles are researched and written from Wall Street and the surrounding Financial District — on the ground, at least twice a week.
On the doorstep of 14 Wall Street
Wall St, Financial District
Morning coffee before the open
Financial District
Street art on the subway map
Lower Manhattan
The W that means Wall Street
Wall St Station · 4/5 Line
Looking up from the canyon floor
William St · Financial District
The bull, behind glass
Merrill · Financial District
Built like a cathedral, because money was a faith
Financial District
Where the street sign is the job description
Exchange Pl · Financial District
The Charging Bull, twelve to a table
Broadway · Financial District
Insured, and cast in steel so you know it
Financial District
Rush hour at the corner of money
Financial District
The glass canyons of Water Street
Water St · Financial District
Old stone, new glass, same street
Bowling Green
Up from the station, into the story
Wall St Station
Every Wall Street story starts at a turnstile
Wall St Station
The last flight of stairs before the open
Financial District
The canyon, flying its flag
William St · Financial District
Fuel for the floor
Financial District
Yesterday's office tower, tomorrow's apartments
Financial District
The morning bus down the canyon
Financial District
The other exchange on the block
New York Wine Exchange · FiDi
Four centuries, one bronze plaque
1 Broadway
The whole world, painted on a bank wall
Financial District
The fine print of trust
Financial District
The hall where the money used to queue
Financial District
FiDi sky, framed in towers
Financial District
Where the bad weeks end up
US Bankruptcy Court · SDNY
'No Waiting!' Wall Street was always impatient
Financial District
Washington, still holding Union Square
Union Square
29 postcards from the Street