Nvidia Soars and Sinks on Earnings Beat; Binance's Zhao Pleads Guilty in $4.3B Settlement; Fed Minutes Reveal Plan to Maintain High Rates
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Nvidia reported strong Q3 earnings and Q4 forecasts, but its share price still dropped due to high expectations. There were wild after-hours price swings.
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Binance CEO Changpeng Zhao pleaded guilty to breaking US anti-money laundering laws as part of a $4.3B settlement. He stepped down and will pay a $50M fine.
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Fed meeting minutes showed policymakers believe rates will need to stay high for some time to curb inflation, despite recent bond yield drops.
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Sweden's central bank is expected to have a close call on whether to hike rates again in an effort to end its rate hike cycle.
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British finance minister Hunt will release the Autumn Budget statement.