Iran's Islamic Revolutionary Guard Corps (IRGC) said US navigational aids in the southern Strait of Hormuz have been completely destroyed.

Brian Jacobsen, chief economic strategist at Annex Wealth Management, said monthly core CPI again printed 0.3%. He warned headline CPI remains elevated and recent oil-price moves have fed into core inflation. Chicago Fed president Austan Goolsbee, who does not have a Fed vote this year, flagged AI-driven demand as a potential force the Fed may need to restrain — a view that may mirror other officials. Fed Governor Waller said he may support a larger rate hike. Officials are increasingly worried AI investment could crowd resources and raise input and hiring costs, including for skilled trades such as plumbers and electricians, adding upward pressure on prices.

FITCH says Democratic midterm victories would have uneven effects on US corporate credit; most sectors’ cash flows are expected to remain stable. Tighter approvals and higher costs in key data‑center states (Texas, Georgia, Ohio) could slow AI infrastructure investment and support the view that AI capex may peak around 2027; a construction slowdown would also ease longer‑term overcapacity risk. In energy, oil & gas firms may face stricter drilling and environmental reviews; power and industrials could see weaker demand from data‑center pullback, though grid upgrades and broader infrastructure spending provide offsetting support. Healthcare policy is unlikely to change materially in the near term; defense firms benefit from record order backlogs and bipartisan support, so major policy shifts are not expected.