Wall Street's main indexes retreated on Tuesday, pausing a two-day rebound in tech shares, after a hotter-than-expected October inflation reading reinforced fears that the Federal Reserve could keep interest rates higher for longer. US consumer prices increased more than expected in October, rising 0.4 percent from the previous month, pushing the U.S. 2-year yield up 21.4 basis points for its biggest one-day jump since April last year. "Markets had been pricing out some of the Fed tightening in recent weeks. Now it's probably being forced to contemplate a bit more tightening," said James McCann, senior economist at Edward Jones. Traders are pricing in an almost 99 percent chance of a hike in December, according to the CME FedWatch tool. Among rate-sensitive sectors, real estate and utilities declined over 0.5 percent each, while tech led losses with a 1.8 percent drop. Nvidia slipped 6.3 percent, down for a second straight session, as investors grow concerned over CEO Jensen Huang's future at the chip giant after it initiated an internal probe into spy claims involving Chinese businesswom

WASHINGTON — A candidate for the next United Nations secretary-general has emphasized the importance of mediation in addressing international conflicts while responding to South Korea's concerns over tensions on the Korean Peninsula. "Of course, mediation is the most important role of a Secretary General," Feridun Sinirlioglu, a Turkish diplomat currently serving as secretary-general of the Organization for Security and Co-operation in Europe, said during a dialogue with U.N. member states in New York on Friday. During the session, South Korea's representative asked how Sinirlioglu would keep longstanding security issues, including those involving the Korean Peninsula, on the U.N. agenda and help prevent tensions from escalating. Sinirlioglu stressed the need to bring conflicting parties together and help bridge their differences, highlighting the importance of the secretary-general's role as a mediator. He said the secretary-general should be prepared to mediate even between parties at war, acting as a trusted and impartial intermediary through quiet diplomacy to help them reach compr

BRUSSELS — After recent attacks on supermarket fridges, home appliances could be next, the EU's cyber chief told AFP on Tuesday, as he urged Europe to invest more to counter growing cyber threats. Supermarkets in at least 12 European countries were hit by cyberattacks in October and November, with France the worst affected. "Security should not and cannot be an afterthought," Juhan Lepassaar, executive director of the EU's cybersecurity agency ENISA, said. "Today it was fridges, tomorrow it could be routers, the day after tomorrow it could be home appliances and so forth." Lepassaar spoke to AFP in Brussels where he unveiled the Athens-based agency's latest biennial report on the state of the EU's cybersecurity. "All incidents can be avoided, but the question is, are we ready to invest to make it happen? Cybersecurity is not cheap," he said, calling on manufacturers to make products that are secure "by design." Cybersecurity is crucial, Lepassaar said, because "every single service that you are depending on as a citizen, as a human being, contains a layer whereby there is a digital eleme

NEW YORK — Oil prices slid about 2 percent to fresh two-month lows on Tuesday after U.S. officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions. Brent futures fell $1.93, or 2.1 percent, to $90.64 a barrel at 10:28 a.m. ET (1528 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.44, or 1.7 percent, to $85.41. That put both crude benchmarks on track for their lowest closes since August 28. On Monday, both contracts closed at their lowest since August 31. U.S. Secretary of State Marco Rubio said on Tuesday that he told Group of Seven allies that the U.S. economic sanctions and naval blockade are working so well that U.S. President Donald Trump does not need to conduct major combat operations in Iran. Rubio made the comments during a meeting in Paris of foreign ministers from the G7, which comprises Britain, Canada, France, Germany, Italy, Japan and the United States, as well as the European Union. On Monday, Trump said he plans to hold off on new military strikes against Iran for the time being after a

PARIS — U.S. Secretary of State Marco Rubio on Tuesday said he saw no need to resume major combat operations against Iran because economic sanctions and other restrictions were working so effectively. "The economic campaign (against Iran) is so devastating that right now there is no need for major combat operations," Rubio said after a meeting of G7 foreign ministers in Paris. "That's what I told our allies here today." President Donald Trump "has concluded that for the time being there is no need for major combat operations because we are achieving the same objective by economic means," Rubio said. But if Iran were to cross "red lines" then the "U.S. military stands ready," said Rubio, warning of a "terrible price" for Tehran. European members of the G7 had pressed Rubio at the meeting of foreign ministers of the group in Paris to avoid any new escalation against Iran. In a surprise move, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani joined talks on the G7 sidelines with four European top diplomats and the Saudi foreign minister hours after meeting Trump to discuss en

Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, slightly short of some investors' expectations amid cooling AI appetite, setting up a defining test of Wall Street's faith in the boom that it helped ignite. The AI lab best known for its Claude chatbot and some of its investors are aiming to raise up to $64.4 billion in the IPO by selling 825 million shares priced between $70 and $78 apiece. Anthropic will also raise $26 billion via a separate private placement deal with cornerstone investors, including Alphabet's Google, Nvidia, Advanced Micro Devices . The company is launching the roadshow for a share sale that is expected to set a benchmark for the sector. At the top of the price range, Anthropic would be valued at about $1.4 trillion on a fully diluted basis, which includes securities such as stock options and restricted stock. On a non-diluted basis, excluding those securities, Anthropic's market value would be about $1 trillion. "By seeking a valuation close to 20 percent below 'market expectations', this allows investors to 'bid up' the IPO

Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed more than $470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing. The CEO's relationship with Alice Huang helped facilitate shipments of at least $7.5 billion worth of Nvidia chips to Chinese firms, The Information reported on Tuesday, citing two people who know her. Alice Huang and Jensen Huang are not related. The allegations have intensified scrutiny of Nvidia's governance, export-control compliance and reliance on Huang's leadership, adding to investor unease over whether massive spending on artificial intelligence infrastructure will deliver adequate returns. Nvidia's shares fell more than 6 percent following a 4.3 percent drop on Monday, allowing Microsoft to overtake the AI bellwether as the world's second-most valuable company for the first time since June 2025. "The investment debate is whether this remains company-specific or triggers restrictions and disruption across AI infras

WASHINGTON — U.S. inflation was higher than expected last month as the rising prices that powered sweeping Democratic victories in last week’s midterm elections appear likely to pose ongoing challenges for the White House and the Federal Reserve. The consumer price index rose 0.4 percent from September to October, the Labor Department said Tuesday, down from 0.6 percent the previous month. The government did not report a yearly inflation rate because last year's government shutdown meant no data was released for October 2025. But excluding the volatile food and energy categories, core prices rose 0.3 percent, the same as the preceding month. Both figures were a tenth of a point higher than forecast, and at an annual rate would be well above the Fed's 2 percent target. The new inflation data heightened concerns that strong consumer and business spending, combined with higher gas prices and supply disruptions stemming from tariffs and global turmoil, are creating increasingly stubborn inflation that could extend beyond temporary spikes in prices at the gas pump. The economy expanded a

WASHINGTON — Republican U.S. Representative Thomas Massie introduced eight articles of impeachment against Defense Secretary Pete Hegseth, related to the war in Iran, President Donald Trump's actions in Venezuela and even some administration actions in Washington. Hegseth has denied wrongdoing, and Trump has criticized Massie and pledged to stand by his secretary of defense. Here are the eight "high crimes and misdemeanors" in the unusual Republican-led impeachment effort against a Republican official. Iran Three of the charges are related to the conflict in Iran. Hegseth is accused of directing, authorizing and sustaining military actions against Iran beyond a 60-day limit without a formal declaration of war or authorization for the use of military force (AUMF) by Congress. A fourth Iran-related charge accuses Hegseth of ignoring laws requiring that U.S. forces minimize civilian casualties, related to a strike on a girls school in Minab on February 28, the first day of the conflict, that killed scores of children. Venezuela Two charges are related to Venezuela, whose president, Nicolas M

WASHINGTON — Defense Secretary Pete Hegseth dug in for a fight Tuesday against his potential impeachment in Congress , contending that a rogue lawmaker is undermining American troops in war zones by targeting him over mere “policy disagreements” and not the high crimes required in the Constitution for his possible removal. The embattled Pentagon chief has launched a counteroffensive against outgoing Republican Rep. Thomas Massie’s effort to force him from office over his handling of the unpopular Iran war and other actions. A House vote on whether to move forward with the impeachment is expected later Tuesday. Hegseth gave a defiant and politicized defense of his stewardship of the U.S. military in his first news conference at the Pentagon in six months. He chose to hit back at the rising bipartisan anger over battlefield strategy while offering few details about intermittent operations against Iran or fatal strikes on alleged drug-smuggling boats in Latin America. President Donald Trump praised Hegseth’s performance at the briefing in a social media post, while Vice President

Hosaka Yuji, a Japanese-born naturalized Korean and special professor at Korea University's Graduate School of Public Administration, has identified what Japanese women find attractive about Korean men. The growing number of marriages between Korean men and Japanese women, he said, reflects the popularity of Korean men's affectionate expressions and thoughtfulness among Japanese women. He also suggested that images of Korean men shaped by Korean dramas have played a role. “Matchmaking agencies specializing in Korea-Japan marriages have opened in Tokyo,” he noted. Hosaka made the remarks during an appearance on the YouTube channel Woongdal Bookstore on Sunday. He described this as a clear indication that Japanese women have developed a strong preference for Korean men. Hosaka cited two main reasons Korean men are increasingly sought after as marriage partners by Japanese women: their direct expressions of affection and their attentiveness. While Japanese men rarely say “I love you” in everyday life, Korean men tend to express their feelings more openly, he said. “Japanese women a

A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy that threatens national security. The complaint comes after President Donald Trump said the FBI is investigating the affair, which Huang has acknowledged and apologized for. Trump said Monday that Huang told him he had no idea the person could be involved in espionage. The affair, which is also being scrutinized by Nvidia's board, has raised concerns that Beijing is using nefarious means to gain access to Nvidia 's cutting-edge microchips, which power the development of artificial intelligence but face export restrictions to China. The complaint filed Monday in a California court says the company misled investors about Huang's relationship with Alice Huang, who news reports said is suspected of working for Chinese intelligence, and the national security implications. The news reports said that the Commerce Department was investigating Alice Huang's company, Singapore-based Megaspeed, on suspicions that it was h

WASHINGTON — The House on Tuesday turned aside a resolution to impeach Defense Secretary Pete Hegseth, halting an effort to remove the Pentagon chief for his conduct in office and his handling of the war in Iran. The vote came as Republicans grapple with the fallout from sweeping midterm losses that some in the party have blamed on the war in Iran and the resulting surge in gas prices. But after President Donald Trump signaled strong support for Hegseth, GOP lawmakers largely stood by the secretary Tuesday. They rejected the impeachment effort led by Kentucky Republican Thomas Massie and backed by Democrats. The vote may only delay an impeachment push against Hegseth, with Democrats set to take control of the House and Senate in January. House Democratic leader Hakeem Jeffries, who is expected to become the next speaker when Democrats take charge in January, stood firmly behind the push, saying Hegseth has “abused his power” and “undermined America’s national security.” Senate Democratic leader Chuck Schumer endorsed Hegseth’s impeachment as well. Hegseth rebuked the effort

The 82-year-old estranged father of Meghan, the Duchess of Sussex , was ordered to jail Tuesday because he removed an electronic monitoring device from his ankle, just days after he was charged with possession of child sexual abuse material. Thomas Markle was arrested and appeared in federal court in Tampa, Florida, after authorities learned he had cut off the device at 1:45 a.m., First Assistant U.S. Attorney Bill Essayli said. “Release conditions are court orders, not suggestions,” Essayli said. Markle’s arrest on Friday in Lakeland, Florida, followed the seizure of approximately 78 items from storage units in the Los Angeles area, including slides, film negatives and books that contained suspected child sexual abuse images, said Essayli, a federal prosecutor in California. Markle was living in a senior care center at the time. But U.S. Magistrate Judge Lindsay Griffin agreed Tuesday that Markle now must be kept in custody. Authorities have not said where he will be held while his case remains in court ahead of a likely transfer to California. In her written order, Griffin noted M

The move comes amid the President Donald Trump-led administration's widespread crackdown on what it describes as the abuse of employer-sponsored visas

A New York prosecutor says the men orchestrated “a campaign of terror on behalf of organisations affiliated with Iran”, including the September plot to attack a British airbase hosting American warplanes.

The Pentagon chief was accused of unlawfully waging a war with Iran, among other illegal wartime actions

The push to oust Hegseth was led by outgoing Republican Representative Thomas Massie of Kentucky, who reintroduced eight articles of impeachment against the Secretary of War

Defense Secretary Pete Hegseth arrives to a news conference at the Pentagon on November 10, 2026. | Chip Somodevilla/Getty Images This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: Defense Secretary Pete Hegseth has narrowly escaped impeachment — for now.  What’s happening? On Tuesday evening, the House voted to refer an impeachment resolution against Hegseth to committee, functionally dooming it.  The vote, which fell along party lines with the exception of Republican Rep. Thomas Massie, who joined Democrats in voting against the referral, is a victory for Hegseth. The defense secretary’s future at the Pentagon has been under intense speculation since voters resoundingly repudiated President Donald Trump and the war with Iran in last week’s midterm elections.  Prior to Tuesday’s vote, Hegseth had been facing impeachment as early as tomorrow on eight articles filed against him by Massie on Monday. Why did Massie want to impeach Hegseth? Broadly speaking, it’s because Hegseth is the public face of the extremely unpopular war with Iran, now in its eighth month, and he appeared vulnerable as even some Republicans voiced their dissatisfaction (though not, evidently, enough dissatisfaction for them to support impeachment).  Specifically, Massie charged Hegseth with: Waging war in Iran in violation of the War Powers Resolution (three total charges);  Disregarding laws intended to minimize civilian casualties;  Committing extrajudicial killings by carrying out missile strikes on alleged drug boats in the Caribbean and the Pacific;  Suppressing free speech by trying to retaliate against Sen. Mark Kelly (D-AZ), a retired Navy captain, for a video by Kelly and other Democratic lawmakers reminding service members that they have a responsibility to refuse illegal orders;  Kidnapping former Venezuelan President Nicolás Maduro and his wife earlier this year; and  Waging an unlawful war in Yemen last year. What’s the big picture? Hegseth escaped, for now, with the support of Trump and Vice President JD Vance, as well as newly installed White House chief of staff Stephen Miller.  But he could face another impeachment effort in the new year, with more than enough votes in the incoming Democratic House majority to see it pass (though not enough in the Senate for conviction and removal).  If that occurs, Hegseth will become the third Cabinet secretary in history to be impeached — and the second in less than three years. And with that, it’s time to log off… Vox’s Unexplainable podcast sat down with author Emily St. John Mandel (of Station Eleven fame) to talk about how she deploys science in her fiction. It’s a great conversation, and you can listen to it here.  Plus, a quick programming note: I’ll be off tomorrow for Veterans Day! One of my excellent colleagues will be standing in here, and I’ll be back Thursday. Have a great evening!

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Hegseth survives impeachment push, Trump says Democrats' bid miserably failed

The Republican-led US House of Representatives moved on Tuesday to effectively block an effort to impeach Defense Secretary Pete Hegseth, buying more time for the polarizing Pentagon chief before Democrats take control of Congress next year and possibly try again.

The GOP used their numbers in the House to refer the matter to a committee, avoiding a vote on impeaching the defence secretary – at least until Democrats take over.