Finance

Global energy markets experienced heightened volatility this week, with crude prices swinging heavily due to ongoing tensions in the Middle East and surrounding the Strait of Hormuz. Prices eased slightly after political remarks ruled out immediate escalation before the midterms, though supply chains face a new stress test from Hurricane Isaias.

The preliminary October consumer sentiment index from the University of Michigan dipped to 47.6, reflecting growing household anxiety. Rising living costs continue to pressure family budgets, with consumers raising their one-year inflation projections to 4.7%.

Delta Air Lines reported its third-quarter financial results, kicking off the corporate earnings season on a muted note. Shares of the carrier fell after its profits missed Wall Street estimates, as surging fuel expenses offset steady passenger demand and robust premium booking trends.