Global tech stocks have plunged after the Democrats’ victory in the US midterm elections, with fears of a slowdown in AI development. Major tech corporations including Apple, Tesla and Nvidia shed about $1tn in a single trading session. Is this stock market jitters, or a sign the AI bubble might be about to burst? Lucy Hough speaks to senior economics correspondent Richard Partington

A landmark government-backed report has warned that the UK risks a ‘lost generation’ of young people, as new figures show that more than 1 million 16- to 24-year-olds in the UK were not in education, employment or training.

The former Labour cabinet minister Alan Milburn said youth disengagement was a mounting economic risk to the country, and urged a fundamental reset of policy covering schools, the health service and the welfare state. Lucy Hough speaks to the Guardian’s senior economics correspondent, Richard Partington