The Federal Reserve is widely expected to lower its benchmark interest rate by a quarter percentage point, moving it to the 3.75%-4.00% range. The rate cut aims to address persistent job market concerns and maintain economic stability as hiring slows and inflation remains subdued.

Manulife's CQS, Algebris Funds and Deltroit Asset Management have filed a lawsuit in New York, invoking antitrust laws to challenge a debt restructuring involving Swiss vending machine operator Selecta. The lawsuit claims that a cooperation agreement among majority bondholders, including Invesco and Man Group, unfairly excluded minority holders from economic benefits.

President Donald Trump is set to relaunch engagement with China, starting with a framework agreement reached by top trade negotiators during talks this past weekend. The agreement, which is expected to be finalized during a meeting Thursday between Trump and President Xi Jinping, is expected to include China resuming soybean purchases and delaying controls on rare-earth minerals in exchange for the US delaying new tariffs and possibly rolling back a 20% levy related to the fentanyl crisis.

Polymarket is preparing a limited US relaunch focused on sports betting, with trading expected to begin by the end of November. The timing aligns with peak football and basketball seasons, aiming to capture increased market activity. The company is currently operating a waitlist for interested users as it finalizes the US platform.

Treasurys have seen a significant drop in volatility recently, but investors are eyeing Federal Reserve Chair Jerome Powell's upcoming news conference for potential changes. With policymakers divided on interest rates amid a softening labor market and persistent inflation, any hawkish comments from Powell could push 10-year yields above 4%.

Trump Media & Technology Group is partnering with Crypto.com to launch Truth Predict, a prediction market on Truth Social that will allow users to bet on events such as elections and sports. The initiative, which is set to begin beta testing soon, will compete with platforms such as Kalshi and Polymarket.

A stronger earnings outlook for artificial intelligence companies is easing concerns that the AI-driven global equity rally is a bubble. SK Hynix and Advantest have reported robust earnings, reflecting increased demand, while Nvidia has surged more than 8.5% in Asia after President Donald Trump said he would discuss Nvidia's Blackwell chip with Chinese President Xi Jinping.

Paleontologists have rediscovered Edmontosaurus annectens skeletons from eastern Wyoming that are so exceptionally preserved, they include remnants of skin, spikes, and hooves. These "dinosaur mummies" allow scientists to reconstruct features of the extinct species with remarkable detail, revealing the first known subadult dinosaur mummy and the earliest tetrapod with hooved feet.