Bonds & Stocks
The final stretch of a jittery week on Wall Street saw stocks wavering amid an ongoing selloff in chipmakers that has left investors questioning the prospects for the artificial-intelligence trade. The S&P 500 was little changed. The yield on 10-year Treasuries advanced six basis points to 5.11%.
Economy
Federal Reserve Chairman Kevin Warsh did nothing to dispel market expectations that the US central bank will hold interest rates steady when it meets at the end of the month. In a moderated discussion Friday morning in Bangkok at the International Monetary Fund’s annual meetings, Warsh made no remarks on monetary policy or his outlook for the US economy, apart from reiterating that the Fed will deliver price stability.
World
Russian disinformation operators are deploying an army of bots to inflate view counts of fictitious posts about celebrities and Democratic candidates ahead of the US midterm elections.