Mark Carney announces a luxury tax break for more foreign-made electric vehicles while Canadian autoworkers at Stellantis lose their jobs. Why not cut taxes on Canadian-made automobiles?

Markets are struggling to figure out an important question: how do you price AI? Find out what goes into the calculation on this week's Reuters Econ World podcast

Market tide today is flashing red. $SPY dumped from $760 to $748 at the open and hasn’t been able to reclaim $752. Calls have been sold all session, down around $300M in net premium. Puts are being bought, up around $120M.

Markets are now pricing roughly a 90% chance of a 25-basis-point Fed rate hike in December. This comes after October PPI inflation rose to 6.5% which was its highest level since November 2022.

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Mark Zuckerberg’s net worth has climbed back above $225 billion as Meta Platforms ($META) shares recover from recent weakness. Bloomberg estimates Zuckerberg is worth about $227 billion, ranking him fifth among the world’s richest people. He owns roughly 13% of Meta and also controls a majority of the company’s voting power through its dual-class share structure. Zuckerberg’s fortune increased by about $10.7 billion in a single day, a roughly 5% jump, while his year-to-date gain stands near $7.7 billion. His wealth has been volatile throughout 2026, rising above $274 billion in September before pulling back alongside Meta shares. Despite the size of his fortune, Zuckerberg has long said most of his Meta wealth is not intended to remain with his family. In 2015, following the birth of their first daughter, Zuckerberg and Priscilla Chan pledged to give away 99% of their Meta shares during their lifetimes. That commitment built on their earlier Giving Pledge promise to donate at least half of their wealth. Zuckerberg’s fortune was around $45 billion when the 99% pledge was announced. Since then, his net worth has increased by roughly $182 billion, significantly expanding the pool of assets potentially available for philanthropy. While the Meta shares are earmarked for charitable purposes, Zuckerberg and Chan still hold substantial real estate and other assets that could ultimately remain with their daughters.

Markets are struggling to figure out an important question: how do you price AI? Find out what goes into the calculation on this week's Reuters Econ World podcast