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Swiss National Bank President Schlegel: After a strong second quarter, Switzerland's GDP should grow moderately.

JPMorgan Chase believes that the cooling of AI investment may not necessarily trigger a recession in the US economy. There are three main reasons: 1. US household net worth and cash reserves are at historical highs. Since the pandemic, household checking account balances have increased fivefold, and there is still room for household debt burdens; 2. Profit margins of US listed companies are at or near historical highs. Companies need to experience a significant contraction in profit margins before large-scale layoffs are likely; 3. AI is not a major driver of job growth. The impact of declining AI investment may primarily manifest as reduced capital expenditures and layoffs at large cloud service providers, rather than a comprehensive impact on employment and consumption. However, JPMorgan Chase also cautions that a stock market decline could affect household consumption through asset devaluation. Currently, the proportion of consumers using investment account assets to pay for consumption is increasing, which warrants attention.

A spokesperson for the Qatari Ministry of Foreign Affairs stated that both the United States and Iran are committed to the mediation process.

Intel (INTC.O) shares rose more than 3% in pre-market trading.

According to preliminary estimates from CORES, Spain's vehicle fuel consumption in September increased by 3.1% year-on-year, and by 4.9% compared to August.

The UK union Unite plans a 24-hour strike from 06:00 on November 4th to 05:59 on November 5th, 2026.