uk inflation rises as nvidia revenue surges amid economic uncertainty

UK inflation rose to 2.3% in October due to higher energy prices, leading to expectations that the Bank of England will delay any rate cuts.

This comes amidst concerns about economic growth and inflation uncertainties mentioned in the BoE's recent Budget verdict.

Nvidia reported a significant increase in third-quarter revenue, almost doubling from the previous year, driven by strong demand for AI chips.

Bill Hwang, the founder of Archegos Capital, has been sentenced to 18 years in prison for fraud, marking a significant legal outcome in the financial sector.

China is reportedly preparing strong countermeasures to retaliate against US companies if president-elect Donald Trump reignites trade tensions, indicating potential geopolitical risks that could impact global markets.

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