The average house price has topped the £270,000 mark

Our reporters are breaking down the jobs numbers.

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The New York Times’s economics reporters, including Ben Casselman, Neil Irwin, Jeanna Smialek and Talmon Smith, are pulling out the most interesting and important parts of Friday’s jobs report.

Advent To Buy McAfee For Over $10 Billion: WSJ

Cyber security software maker McAfee Corp. (MCFE) closed Friday’s trading 20% higher driven by the Wall Street Journal’s report that the company is nearing a deal to sell itself to Advent Intl. Corp.

According WSJ, citing people familiar with the matter, Advent, a private-equity firm, would pay over $10 billion for McAfee.

MCFE closed Friday’s trading at $25.46, up $4.25 or 20.04%, on the Nasdaq. The stock further gained $0.41 or 1.61% in extended hours. The day’s trading volume topped 8.6 million shares, above its average volume of 1.7 million.

The deal could be announced on Monday, the report said, but also noted that talks could still fall apart.

In March, McAfee agreed to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for $4.0 billion.

European Economics Preview: Germany Retail Sales Data Due

Retail sales from Germany and final manufacturing Purchasing Managers’ survey results from the UK are due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, Destatis is slated to issue Germany’s retail sales data for September. Sales are forecast to climb 0.6 percent on month in September after climbing 1.1 percent in August.

In the meantime, manufacturing Purchasing Managers’ survey results are due from Turkey.

At 3.30 am ET, Sweden manufacturing PMI data is due.

At 4.00 am ET, manufacturing PMI survey results are due from Hungary and the Netherlands.

At 5.30 am ET, UK Markit/CIPS manufacturing PMI data is due. The final reading is seen at 57.7 in October, unchanged from the flash estimate.

Tucked Inside a Gilded Age Landmark … a Tropical Bar?

The team behind Gage & Tollner is opening Sunken Harbor Club, a pocket bar above the Brooklyn restaurant.

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By Robert Simonson

Long-term approach needed for investing in China

SINGAPORE – China is top of investors’ minds as they try to understand its policy shift towards “common prosperity”.

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Cramer's lightning round: Let the electric vehicle space cool off 'before we get hurt'

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Service Corporation International: "SCI is just a long-term unfortunate secular play. Don't forget the Baby Boomers, so the answer is you need to hold onto it, and if it pulls back — it's only at 14 times earnings — I'd buy some more."

Digital World Acquisition Corp.: "Oh man. That's a tough one to analyze. That's kind of a short squeeze play. Too hard for me to figure out. I appreciate the kind words, but man, roll the dice. Let's go to the casino."

Gores Guggenheim: "They're connected with Polestar. OK, here's the problem: Rivian is coming public. This group has gotten a little too hot. Let's let things cool off before we get hurt."

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PHOTOS: 27 families adopt 31 children during Denver Adoption Day – The Denver Post

Photos by Kevin Mohatt, Special to The Denver Post

During Denver’s 16th annual Adoption Day event, 27 families finalized adoptions of 31 Denver children at the Lindsey-Flanigan Courthouse on Friday, Nov. 5, 2021.

The average house price has topped the £270,000 mark

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Values grew by 0.9 percent last month, a rise of more than £2,500, the Halifax said.

Annual house price inflation accelerated to 8.1 per cent, from 7.4 percent in September.

The bank said it is the first time the average price has topped the £270,000 mark.

Earlier this week, Nationwide put this figure at £250,311, a record for its index, which uses different calculations.

Wales remains the strongest performer, with annual house price inflation of 12.9 percent, said the Halifax.

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Russell Galley, the bank’s managing director, said: “We do expect house buying demand to cool in the months ahead as borrowing costs rise.”

But Jan Crosby, at KPMG, added: “Developers are being hammered by demand for new projects – especially outside of cities. This is good news for sellers, with continued supply constraints on new-build homes.”