Economy

As data flow revives, Fed still faces a deep policy divide

A divided U.S.

Record reverse splits expose growing divide between small caps and megacaps

Reverse stock splits globally have climbed to a record this year, underscoring the strain on small-cap companies struggling to stay listed even as an AI-fueled rally lifts

AkzoNobel, Axalta to merge creating $25 billion paint giant

Dulux paint maker AkzoNobel said on Tuesday that it plans to merge with paintmaker Axalta Coating Systems in a deal that will create a combined company with an enterprise

US small and mid-sized businesses expect stronger 2026, BofA survey shows

A majority of small and mid-sized business owners in the U.S. expect stronger performance next year, with 74% forecasting revenue growth and nearly 60% planning to expand operations, a Bank

UN food agency warns of deepening hunger crisis as funding falls short

The world is facing a deepening hunger crisis with resources falling far short of needs, the United Nations World Food Programme warned on Tuesday, citing sharp declines in

FlyDubai orders 150 Airbus A321neo aircraft, expanding its fleet beyond Boeing for the first time

FlyDubai has announced an initial order for 150 Airbus A321neo aircraft at the Dubai Air Show

America is grappling with an air traffic controller shortage. Can AI help?

America is grappling with an air traffic controller shortage. Can AI help?

Costs more than double to rebuild vital Baltimore bridge destroyed by cargo ship

Costs more than double to rebuild vital Baltimore bridge destroyed by cargo ship

‘Everyone is hunkering down.’ The affordability crisis is rattling mom-and-pop shops

‘Everyone is hunkering down.’ The affordability crisis is rattling mom-and-pop shops

Why we pay less for art made by women

Why we pay less for art made by women

In China’s global lending spree, the US has been the biggest beneficiary, study finds

In China’s global lending spree, the US has been the biggest beneficiary, study finds

China's youth jobless rate drops to 17.3% in October

China's jobless rate for 16-to-24-year-olds, excluding college students, stood at 17.3% in October, slightly down from 17.7% the month prior, data from the National Bureau of

No firm is immune if AI bubble bursts, Google CEO tells BBC

LONDON -Alphabet Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns

Foreigners turn net buyers of Asian bonds in October on improved growth outlook

Asian bonds witnessed renewed cross-border inflows in October following a month of sharp outflows, as an improved regional growth outlook and a series of U.S. trade agreements in Southeast

Investors raise risk bets but cash flashes 'sell signal' - BofA survey

Global investors lifted equity and commodity allocations in November, but cash holdings fell to just 3.7%, triggering Bank of America's "sell signal" and raising concerns that bullish

Weinstein's Saba sells credit derivatives on Big Tech as AI risks grow, source says

Boaz Weinstein's Saba Capital Management has sold credit derivatives in recent months to lenders seeking protection on big tech names like Oracle

Japan's toolkit to combat unwelcome yen declines

Japanese authorities are facing renewed pressure to combat a decline in the yen, driven in part by market bets that dovish new premier Sanae Takaichi will pile

Japan ruling-party panel proposes $161 billion extra budget to fund stimulus

A Japan ruling-party panel consisting of lawmakers close to Prime Minister Sanae Takaichi proposed on Tuesday compiling a supplementary budget exceeding 25 trillion yen ($161 billion)

Gulf Air finalises deal for at least 12 Boeing 787 Dreamliner planes

Gulf Air signed an agreement on Tuesday with Boeing to buy at least 12 Boeing 787 Dreamliner planes, the carrier said.

BOJ chief tells Takaichi central bank seeking smooth landing towards price goal

Bank of Japan Governor Kazuo Ueda said on Tuesday he told Prime Minister Sanae Takaichi the central bank was gradually raising interest rates to

Nio's Firefly EV brand seeks growth in right-hand drive markets without tariffs

SHANGHAI -Firefly, a compact electric vehicle brand owned by China's Nio, is seeking growth in right-hand drive markets that are free from punitive tariffs on Chinese EVs and is preparing to ramp up

Bank of England to resist big changes to ring-fencing regime, sources say

The Bank of England is preparing to ease parts of Britain’s bank ring-fencing regime while opposing a major reform sought by lenders,

Fear and caution grip markets

A look at the day ahead in European and global markets from Rae Wee It was another sea of red in Asia markets on Tuesday, with the sombre mood set to extend into Europe, as investors braced for

Italy's light touch on inheritance tax comes at a cost, economists say

Italy's longest-running TV quiz show, offering big cash prizes, is called "The Inheritance" - a choice of title that may reflect how many Italians see

Honda to resume regular output at N. America plants after chip supply disruptions

Honda Motor said it will begin gradually resuming normal operations at its North American vehicle assembly plants from Monday, a sign that production disruptions from a shortage of

As wellness trends go upscale, Nestle's mass-market vitamins lose some shine

Nestle wants out of mass-market vitamins.

Drone strikes Turkish tanker in Ukraine's Odesa, where US natural gas will go

A drone has struck a Turkish-flagged tanker in Ukraine's Odesa region and set it ablaze

Trump hints at diplomatic window with Maduro but muses about hitting drug facilities in other countries

Trump hints at diplomatic window with Maduro but muses about hitting drug facilities in other countries

Commonwealth Bank, Australia's biggest lender, says home loan demand is too high

Commonwealth Bank of Australia, the country's largest lender, believes demand for home loans is too high and is helping to push property prices up, Chief Executive Matt Comyn said on

US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all

A new report says China funneled billions in hidden loans to U.S. companies over the past quarter century, some targeting industries key to national security

Stocks and bitcoin slide as nerves fray ahead of Nvidia earnings

Stocks and bitcoin slide as nerves fray ahead of Nvidia earnings

Acting head of FEMA leaves after short and troubled tenure

David Richardson, the acting head of the Federal Emergency Management Agency, is stepping down, according to the Department of Homeland Security, ending a

On tiny Christmas Island, Google spurs renewable energy push for Indian Ocean data hub

Australia's remote Indian Ocean outpost of Christmas Island has enough power to support a new Google data centre without depriving locals, but its arrival could

Databricks in talks to raise capital at above $130 billion valuation, The Information reports

Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30% higher than its last financing round two months ago, The Information reported

Rio Tinto to cut Yarwun alumina output by 40% from October 2026 to extend plant life

Anglo-Australian miner Rio Tinto will cut output at its Yarwun alumina refinery in Queensland by 40% from next October to extend the plant's life, the company said on Tuesday.

Trump talks up economy in meeting with McDonald's owners, operators

Feeling the heat from Americans worried about inflation, U.S.

Larry Summers says he is ‘deeply ashamed’ after new Jeffrey Epstein emails and will pause public engagements

Larry Summers says he is ‘deeply ashamed’ after new Jeffrey Epstein emails and will pause public engagements

Global companies are still committing to protect the climate – and they’re investing big money in clean tech

While Trump scraps US climate policies, companies still face pressure from states, other countries and their customers. That pressure trickles down supply chains.

Japan finance minister says 'alarmed' over yen's volatility

Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern over recent foreign exchange movements, as the yen sank to fresh nine-month lows versus the dollar.

Australia's central bank could hold policy steady for longer if data comes in strong

Australia's central bank said on Tuesday that it could keep holding the cash rate at the current level if incoming data surprises on the strong side, but there are also

Trump, floating talks with Maduro, declines to rule out troops in Venezuela

President Donald Trump said on Monday he has not ruled out putting American forces on the ground in Venezuela, while expressing

Fed's Cook blasts mortgage fraud allegations against her as 'baseless' in letter to AG Bondi

Lawyers for Federal Reserve Governor Lisa Cook on Monday disputed allegations by a Trump administration official that she committed mortgage fraud, an accusation that President Donald Trump used as a basis for seeking to fire her

Archer Aviation to supply electric powertrain to Anduril, EDGE for Omen drone

Archer Aviation said on Monday it will supply its electric powertrain for the Omen autonomous air vehicle, being co-developed by U.S. defense technology firm Anduril

BP restores part of Olympic Pipeline after Washington leak

BP was responding to a release of refined products on the Olympic Pipeline System east of Everett, Washington, and had partially restored part of the system, the

Akzo Nobel in talks to merge with Axalta Coating, Bloomberg News reports

Dulux paint maker Akzo Nobel NV is in talks to merge with paintmaker Axalta Coating Systems, Bloomberg News reported on Monday, citing sources familiar with the matter.

Wall Street regulator drops emphasis on crypto sector exams for 2026

The U.S.

US-Saudi event to include CEOs from Chevron, Qualcomm, Pfizer, source says

The U.S.-Saudi Arabia investment forum to take place in Washington during the visit of Saudi Crown Prince Mohammed bin Salman this week is expected to include

SEC approves Dimensional Fund Advisors launch of ETF share class for 13 mutual funds

The U.S.

Bank of England boosts deposit guarantee for savers to 120,000 pounds

British savers will have up to 120,000 pounds ($158,000) of their money protected in the event of a bank failure, the Bank of England said on Tuesday after increasing

UBS O'Connor's capital solutions strategy co-heads did not accept jobs at Cantor, source says

UBS informed investors the co-heads of O'Connor's capital solutions strategy unit, Rodrigo Trelles and Baxter Wasson, had opted not to accept jobs at

The prospect of an embarrassing defeat convinced Trump to reverse course on Epstein files

The prospect of an embarrassing defeat convinced Trump to reverse course on Epstein files

Carney's Liberals win budget vote and avoid election in Canada

Canadian Prime Minister Mark Carney won a vote on his budget in Parliament that could have triggered a possible election

TSX falls to 10-day low as investors fret about AI spending levels

Canada's main stock index fell to a 10-day low on Monday as worries about the sustainability of the spending boom around artificial intelligence offset an easing of

Trading Day: Markets twitch, volatility stirs

Worries over the health of the U.S. consumer helped push Wall Street deep into the red on Monday, as investors also braced for Nvidia's earnings and the

US outlines new approach for proxy disputes, seen as blow to shareholder activists

The top U.S. financial regulator on Monday changed the grounds on which companies may seek permission to skip votes on shareholder resolutions, a move seen as making it more

Trump would back Russia sanctions bill if he retains final authority, White House official says

President Donald Trump is willing to sign legislation to impose sanctions on Russia as long as he retains ultimate decision-

Fed's Waller says weak job market justifies rate cut in December

U.S. firms have begun talking more frequently about layoffs as they plan for weaker demand and possible productivity gains from artificial

Pinkberry parent company MTY Food Group hires TD Bank to explore a sale, sources say

Canada's MTY Food Group, owner of Pinkberry and Cold Stone Creamery, has hired Toronto-Dominion Bank to explore a sale, according to people familiar with the matter,

Renewable energy is cheaper and healthier – so why isn’t it replacing fossil fuels faster?

Politics is just one challenge. The cost of borrowing to build wind and solar farms is another, especially in fast-growing developing countries. There are solutions.

Canada's Carney survives crucial vote on his first budget

The Canadian Parliament on Monday narrowly voted in favor of Prime Minister Mark Carney's first budget, staving off the threat of a second election in less than a year.

One issue is uniting Americans in a time of polarization, according to a new poll

A new survey from the American Communities Project shows that pessimism about the country’s future has risen in cities since last year, but rural America is more optimistic about what’s ahead for the U.S. The poll also found that despite President Donald Trump’s insistence that crime is out of control in big cities, residents of the nation’s largest metropolitan centers are less likely to say that crime and gun violence are among the chief concerns facing their communities than they were a...

New analysis shows more US consumers are falling behind on their utility bills

A new analysis of consumer data shows that more people in the United States are falling behind on their utility bills

Bubble Wrap maker Sealed Air to go private in $10.3 billion CD&R deal

U.S. packaging company Sealed Air Corp said on Monday it agreed to be bought by private equity firm CD&R for $10.3 billion, including debt, in a deal that will take the

Merck sees over $5 billion opportunity in Cidara's experimental flu drug

Merck said on Monday it expects a commercial opportunity exceeding $5 billion from Cidara Therapeutics' experimental flu drug, and does not anticipate it

US construction spending rebounds in August

U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding.

Mexico hands over some flight slots at capital airport from Mexican airlines to US carriers

By Kylie Madry MEXICO CITY -Mexican President Claudia Sheinbaum said on Monday that Mexican airlines had agreed to hand over some flight slots at the nation's busy capital airport to U.S. carriers,

Europe's moves to tighten asylum and migration rules

Britain proposed sweeping changes to its policy on asylum seekers on Monday, the latest European country to announce tighter rules on migration in recent years.

Home Depot, Lowe's earnings to gauge recovery in home-improvement spending

Home Depot and Lowe's are set to post modest sales gains when they report quarterly results this week, giving investors a read on whether the outlook is improving or

US and European aid cuts could result in 22.6 million deaths worldwide, study finds

Abrupt cuts to development aid by major donor countries could cause up to 22.6 million additional deaths in developing countries by 2030, including 5.4 million

IMF sees signs of recovery in Syria, plans intensive engagement

The International Monetary Fund said on Monday it planned an "intensive program of engagement" with Syria to help it rebuild its economy, but a statement issued

BofA says AI is boosting bankers' productivity, revenue

Bank of America plans to spend billions of dollars on technologies such as artificial intelligence to boost bankers' productivity and bring in more

Benefits of any US support hard to gauge for Hungary's rating, Fitch says

The benefit to Hungary's credit rating of any potential U.S. financial backstop package remains difficult to factor in, Fitch has said, and

Satellite firm York Space Systems reveals 59% revenue surge in US IPO filing

York Space Systems recorded a 59% revenue jump for the first nine months of 2025, the satellite company revealed in its U.S. initial public offering paperwork on

Goldman Sachs sees oil prices falling through 2026 on supply surge

Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day.

Czechs, Slovaks mark Velvet Revolution with protests in defence of democratic values

Thousands of Czechs and Slovaks on Monday celebrated the anniversary of the 1989 Velvet Revolution, which ended decades of communist rule in the former Czechoslovakia,

Novo Nordisk cuts Wegovy price as CEO pledges to go 'all in' on weight loss pill

Novo Nordisk said on Monday it would lower the U.S. price of its injectable Wegovy obesity drug and pledged to go "all in" on its

Trump's coffee tariff change helps US roasters, hurts Brazil

The Trump administration's decision to eliminate tariffs on most coffee bean imports will be a boon for coffee roasters and

US imposes visa restrictions on Nicaragua over immigration

The United States is imposing visa restrictions on people in Nicaragua who have enabled illegal immigration to the country, the State Department said on Monday, including the

Chile's far-right rises in Congress, but needs allies for reforms

Jose Antonio Kast's far-right Republican Party made strong gains in both chambers of Congress following Chile's Sunday presidential election, but fell short

Goldman Sachs sees continued central bank gold buying in November

Central banks likely bought large amounts of gold in November in a multi-year trend to diversify reserves to hedge geopolitical and financial risks, Goldman Sachs said on Monday.

US colleges see 17% drop in newly enrolled international students, report finds

The number of newly enrolled international students at U.S. colleges and universities dropped by 17% this autumn following new restrictions on student visas and

Who is Jose Antonio Kast, the far-right front-runner for Chile's presidency?

After falling short in two previous presidential runs, Chilean candidate Jose Antonio Kast is now favored by analysts to win the country's

US will make it easier for World Cup fans to get visa appointments

The United States will expedite visas for foreign visitors with tickets to FIFA World Cup matches taking place next year in 11 U.S. cities, President Donald Trump said on Monday.

Wall Street indexes end lower; investors brace for jobs data, Nvidia results

U.S. stocks ended sharply lower on Monday, with the S&P 500 and the Nasdaq closing below a key technical indicator for the first time since late April as

Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say

Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics, people familiar with the matter said on Monday, as the race to buy out the

US probes telecom firms after BlackRock's HPS uncovers alleged $400M fraud, Financial Times reports

U.S. prosecutors are probing a group of telecoms firms after BlackRock's private credit arm, HPS Investment Partners, said it lent them over $400 million backed by receivables that appear

Amazon to raise $15 billion in first US bond sale in three years to fund AI push

Amazon will raise $15 billion from its first U.S. dollar bond offering in three years, according to a filing with the Securities and Exchange Commission on Monday, as big tech firms ramp up

EPA moves to limit scope of clean water law to reduce amount of wetlands it covers

The Environmental Protection Agency says it is redefining the scope of the nation’s bedrock clean water law to limit the amount of wetlands it covers

Nvidia, bitcoin and other falling stars drag the US stock market lower

The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more

Tesla wins bid to undo race bias class action by Black factory workers

A California state judge has ruled that more than 6,000 Black workers at Tesla's flagship assembly plant cannot sue over alleged racial harassment as a class, reversing

Federal Reserve governor says Trump ally ‘cherry-picked’ details to make mortgage fraud claim

Federal Reserve governor says Trump ally ‘cherry-picked’ details to make mortgage fraud claim

Canadian home sales regain positive momentum in October

Canadian home sales rose 0.9% in October from September as lower borrowing costs helped offset uncertain prospects for Canada's economy, data from the Canadian Real

What's fuelling anti-graft protests in the Philippines?

More than 200,000 protesters turned out on Monday for the second day of an anti-graft rally in the Philippines, part of a wave of demonstrations since August demanding accountability

GMI Cloud to build $500 million AI data centre in Taiwan with Nvidia chips

U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S.

Retail investors show less conviction in buying US stock market dips

Retail investors are showing signs of waning confidence in the U.S. stock market's ability to rebound, with market data and analysts' observations both indicating an ebb in

BBC 'determined to fight' Trump defamation claim

The BBC is determined to fight any legal action filed by U.S.

TSX futures flat ahead of Canada's inflation data

Futures tied to Canada's main stock index were little changed on Monday, as investors braced for fresh economic indicators domestically and from the U.S.

Kremlin says it hopes for a new Putin-Trump summit

The Kremlin said on Monday that it hoped another summit between Russian President Vladimir Putin and U.S.

Calm returns ahead of Nvidia and data drops

By Mike Dolan -        What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Wall Street looks set to firm up on Monday after last week's tech sector wobble

Wall St falls at open with eyes on Nvidia earnings, data

Wall Street's main indexes fell at the open on Monday, heading into a packed week that includes AI bellwether Nvidia's results and the resumption of government data releases.

Chinese EV maker XPeng forecasts weak fourth quarter revenue amid fierce competition

Chinese electric vehicle maker XPeng forecast fourth-quarter revenue below estimates on Monday, as a prolonged price war and intensifying competition in the world's largest auto market

Canada's inflation in October eases to 2.2% on lower gasoline, food prices

Canada's annual inflation rate in October eased to 2.2% as gasoline prices dropped, food prices eased and mortgage interest costs came down below the 3% mark,

Investors push Argentina for flexible peso amid reserve, FDI concerns

Investors are urging Argentina’s government to allow greater flexibility

Oil prices steady after steep losses in previous session

(Corrects second bullet point, paragraph 8 and paragraph 10 in November 13 story to remove attribution to OPEC and make clear the surplus projection is implied according to a Reuters calculation based

Alphabet shares hit record after Berkshire makes rare tech bet with $4.9 billion stake

Alphabet shares rallied nearly 6% to a record high on Monday after Berkshire Hathaway's new stake provided an endorsement of the tech giant's artificial

China's C919 takes to Dubai skies in bid to win over Gulf buyers

China raised its global aerospace presence with a flying display by its C919 jetliner in Dubai on Monday, as Chinese planemaker COMAC

IMF holds new talks with Kyiv as government grapples with graft scandal

The International Monetary Fund mission launched talks on Monday with Ukraine on a new lending programme critical to its wartime fortunes, as Kyiv

Financial stocks drag FTSE 100 lower at start of data-heavy week

London stocks closed lower on Monday, with financials leading the decline as investors braced for a data-heavy week, while modest gains in healthcare and utilities stocks provided limited

European shares slip as caution prevails ahead of critical US data

European shares slipped on Monday, as investors avoided big bets ahead of a long-awaited jobs report from the U.S. that could offer

Fed needs to move slowly with further rate cuts, Jefferson says

Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to "proceed slowly" with any further interest rate cuts as it eases

Trump buys at least $82 million in bonds since late August, disclosures show

U.S.

Bitcoin sinks to six-month low as risk-off sentiment persists

Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that

Boeing gets Dubai Airshow boost as Emirates orders 65 more 777X

Boeing took centre stage at day one of the Dubai Airshow on Monday, booking a $38 billion order from host carrier Emirates and

US Border Patrol arrests 81 on first day of Charlotte immigration crackdown

Federal agents arrested at least 81 people in Charlotte, North Carolina, this weekend, a senior commander said on Sunday, marking a sharp escalation in the Trump

Moody's downgrades Six Flags' credit ratings

Moody's downgraded Six Flags Entertainment's credit ratings further into junk-grade territory on Monday, citing the amusement park owner's weak operating results.

Chevron joins race to explore potential purchase of Lukoil assets, sources say

U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources

Wall Street ends sharply lower, Treasury yields slip as investors eye Nvidia results, data onslaught

U.S. stocks extended their selloff and benchmark Treasury yields inched lower as investors embarked on a week of accelerated economic data releases in the aftermath

J&J expands cancer portfolio with $3.05 billion Halda buy

Johnson & Johnson said on Monday it would buy privately held Halda Therapeutics for $3.05 billion in cash, aiming to expand its presence in treatments targeting solid

Oil prices ease after loadings resume at Russian export hub

Oil prices eased on Monday as loadings resumed at Russia's Novorossiysk export hub after a two-day suspension at the Black Sea port that had been hit by a

Dollar strengthens as traders await return of U.S. data

The dollar strengthened against the euro and the yen on Monday as traders exercised caution ahead of what could be a busy week with the long-awaited return of U.S

Saudi crown prince to visit US with defence, AI, nuclear on agenda

A visit by Saudi Arabia's de facto ruler to the White House for talks on Tuesday with U.S.

Lawyer for Fed's Cook offers up detailed defense in mortgage fraud case

By Sarah N.

Trump plans more steps to cut healthcare costs in coming weeks, senior White House official says

U.S.

Fidelity sues Broadcom over access to key software to avoid outages

A subsidiary of Fidelity Investments has filed a lawsuit accusing technology company Broadcom of threatening to cut off its access to key software that has become

He came to the US as a child refugee from the former Soviet Union. Now he’s a father facing deportation to Ukraine

He came to the US as a child refugee from the former Soviet Union. Now he’s a father facing deportation to Ukraine

Target and Starbucks are both looking for a turnaround. They’re teaming up on an exclusive new drink

Target and Starbucks are both looking for a turnaround. They’re teaming up on an exclusive new drink

NYC Mayor-elect hopes to meet with Trump to discuss affordability

New York City Mayor-elect Zohran Mamdani says he hopes to meet with President Donald Trump to find ways the political polar opposites can work together on the central focus of his winning campaign: affordability

Ukraine plans to buy up to 100 Rafale warplanes and air defense systems from France

Ukraine has signed a letter of intent to buy up to 100 Rafale warplanes from France, along with drones and ground-to-air systems

Whitman-Hanson Regional High School students walk out of class to protest layoffs

Whitman-Hanson Regional High School students walk out of class to protest layoffs

Nations hit by natural disasters tell ministers at climate talks to act

Jamaica has joined other small island nations at the United Nations climate talks to urge immediate action on climate change

Invest in crypto? Here’s what to know about your 2025 taxes

Invest in crypto? Here’s what to know about your 2025 taxes

NIH funding cuts have affected over 74,000 people enrolled in experiments, a new report says

A new report finds over 74,000 people enrolled in experiments have been affected by the National Institutes of Health’s funding cuts

Postmaster general says US Postal Service needs revenue growth, not just cuts

Postmaster General David Steiner says the U.S. Postal Service can't fix its finances through cuts alone

Novo Nordisk further lowers prices for weight loss, diabetes drugs for those who pay cash

Novo Nordisk further lowers prices for weight loss, diabetes drugs for those who pay cash

Hard-right former lawmaker José Antonio Kast leads in Chile's polarizing presidential runoff

In Chile, a hard-right former lawmaker and admirer of U.S. President Donald Trump is leading in the presidential runoff

Tribal college leaders are uneasy about US financial commitments despite a funding increase

Tribal citizens are among communities navigating the impacts of massive cuts in federal spending and the effects of the longest government shutdown in U.S. history

Immigrant student enrollment is dwindling at schools across the US amid immigration crackdowns

Schools across the U.S. are seeing a big drop in enrollment from immigrant families

Novo Nordisk rolls out $349 Wegovy cash price ahead of plan

Novo Nordisk said on Monday it has begun selling its popular weight-loss drug Wegovy for $349 a month to cash payers, months ahead of the timeline set out with the Trump

L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share

Cosmetics giant L'Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second

BOJ governor warned panel of prolonged loose policy risks, minutes show

Bank of Japan Governor Kazuo Ueda told the nation's top economic panel last week that keeping monetary policy too loose for too long could pose risks to achieving the BOJ's inflation

China's January-October fiscal revenue up 0.8% y/y

China's fiscal revenue grew 0.8% in the first 10 months of 2025 from a year earlier after a 0.5% gain in the January-September period, finance ministry data showed on Monday.

Novo cuts Wegovy prices, but doctors still see cost challenges for patients

Novo Nordisk is chopping prices again for its popular obesity treatment Wegovy, but doctors say the expense will remain challenging for patients without insurance

Philippines eyes completion of South China Sea code as ASEAN chair next year

The Philippines is hoping a code of conduct for the South China Sea can be completed when it is chair of the ASEAN bloc next year, with a consensus emerging between Southeast Asia

German Finance Minister says fair conditions are required in China trade

There must be fair conditions for competition in trade with China, German Finance Minister Lars Klingbeil said on Monday, adding that dialogue matters.

Japan government panel member Kataoka calls for $149 billion stimulus package

Japan must compile a stimulus package of around $149 billion to support an economy hobbled by U.S. tariffs and weak consumption, Goushi Kataoka,

Bangladesh's Sheikh Hasina: From political dominance to death sentence

Bangladesh’s Sheikh Hasina, sentenced to death in absentia on Monday for her deadly crackdown on student protesters last year, has been a dominant figure in the South

Morgan Stanley sees US outperforming global stocks in 2026, raises S&P 500 target

Morgan Stanley expects U.S. stocks to outperform peers next year and prefers global equities over credit and government bonds, supported by rising artificial

India's October trade deficit hits record high on surge in gold imports

India's merchandise trade deficit widened to a record high of $41.68 billion in October, due to a rise in gold imports and a fall in U.S.-bound exports during the

Electric vehicle sales are booming in South America — without Tesla

When Peruvian green energy entrepreneur Luis Zwiebach wanted to buy an electric vehicle in 2019, he flew 4,000 miles to California to

Walmart insider John Furner to steer next chapter amid AI bets and economic turbulence

By Siddharth Cavale -In 2020, as COVID-19 raged, John Furner - then chief of Walmart's largest U.S. division - consulted colleagues in China, drawing on their pandemic playbook to swiftly adjust

Japan PM Takaichi to meet BOJ Governor Ueda on Tuesday, PM office says

Japanese Prime Minister Sanae Takaichi will meet Bank of Japan Governor Kazuo Ueda on Tuesday at 3:30 p.m. (0630 GMT), the Prime Minister's Office said in a bulletin on Monday.

ECB's Sleijpen: risks are balanced, policy is appropriate

Risks surrounding the euro zone inflation outlook are balanced and the current level of interest rates is appropriate, Dutch central bank chief Olaf Sleijpen told a news

India regulator to decline Jane Street data request in court, sources say

India's markets regulator will tell a court this week that it sees no reason to release additional data and documents to Jane Street, two sources with direct

China lodges representations with US over Taiwan arms sale

China defence ministry said on Monday it has lodged representations with the United States over its arms sale to Taiwan, vowing to take "all necessary" measures to defend national

UBS reaffirms Swiss base after report of talks on possible U.S. move

UBS said on Monday it wants to continue operating from Switzerland in response to a report that UBS chair Colm Kelleher and U.S.

Russia adds ex-PM Kasyanov, economist Guriev to 'extremists and terrorists' list

Russia's financial watchdog has added former prime minister Mikhail Kasyanov and leading economist Sergei Guriev to its list of "extremists and terrorists" in its latest moves against

Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says

The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the

Spain aims to cut Madrid-Barcelona high speed rail time to under two hours, minister says

Spain will renovate its high-speed rail network between Madrid and Barcelona to allow trains to reach a maximum speed of 350 kph (218 mph), a velocity so far only achieved in China,

White House adviser Hassett says there have been mixed signals in job market

White House economic adviser Kevin Hassett on Monday said there have been mixed signals in the job market, and that the labor market could be slowing down.

KKR to buy up to $75.4 billion of PayPal's European BNPL loans in renewed deal

PayPal and KKR have renewed their partnership that will see the investment giant purchase up to 65 billion euros ($75.4 billion) of the payments provider's European buy now, pay later loans

Peter Thiel's fund offloaded Nvidia stake in third quarter, filing shows

Tech billionaire Peter Thiel's hedge fund has sold off its entire stake in Nvidia during the third quarter, a regulatory filing showed, intensifying worries of an artificial intelligence

Ford to sell used vehicles on Amazon, joining Hyundai

Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online options for customers who want

France nets 9 billion euros in new corporate investments despite budget battles

Companies have pledged to invest 9.2 billion euros ($10.7 billion) in France, the finance ministry said on Monday, as the government seeks to show that the euro zone’s

Spain ups 2025 growth forecast to 2.9%, in line with European Commission

The Spanish economy is expected to grow 2.9% this year, at more than double the average pace in the European Union and exceeding the previous forecasts of 2.6-2.7%, the European

From pariah to power player: Saudi's MbS reclaims world stage in US visit

On his first White House visit since the killing of

Japan seeks to calm escalating dispute with China over Taiwan

Japan moved on Monday to tamp down an escalating dispute with China over Taiwan that has prompted Beijing to urge citizens to halt travel to its East

White nationalism fuels tolerance for political violence nationwide

Active white nationalist groups operate in all but two U.S. states. Researchers have found that there’s a strong association between holding white nationalist views and supporting political violence.

Car carrying 3 people crashes into house in Washington County

Car carrying 3 people crashes into house in Washington County

Trump has suggested he’s made a decision on Venezuela military operations. Here’s what we know

Trump has suggested he’s made a decision on Venezuela military operations. Here’s what we know

Ukraine to buy ‘up to 100’ French fighter jets, Elysee Palace announces

Ukraine to buy ‘up to 100’ French fighter jets, Elysee Palace announces

Emirates announces an order of 65 Boeing 777-9s with list price of $38 billion at Dubai Air Show

The Dubai Air Show has opened, with hometown airline Emirates ordering 65 Boeing 777-9 aircraft as the carrier looks to increase its fleets off record earnings and unending demand for flights through this East-West travel hub

Can the world quit coal?

Nearly a third of all countries worldwide have pledged to phase out their unabated coal-burning power. But China and India are still adding coal plants – for now.

‘Now You See Me: Now You Don’t’ makes movie audiences reappear in $21 million domestic opening

‘Now You See Me: Now You Don’t’ makes movie audiences reappear in $21 million domestic opening

Trump is right: He lowered some of your costs. But he also made many prices higher

Trump is right: He lowered some of your costs. But he also made many prices higher

Wine has long been made in Ukraine. Now its winemakers are preserving tradition in the face of war

Wine has long been made in Ukraine. Now its winemakers are preserving tradition in the face of war

Charlotte is the latest stop on DHS’ immigration blitz. Locals say it’s political

Charlotte is the latest stop on DHS’ immigration blitz. Locals say it’s political

FAA ends emergency order mandating flight reductions at 40 airports during government shutdown, officials say

FAA ends emergency order mandating flight reductions at 40 airports during government shutdown, officials say

New Zealand's top court rules that Uber drivers are employees

New Zealand’s highest court sided on Monday with a lower court’s ruling that drivers of Uber who brought a case against the rideshare company should be treated as

Nvidia earnings likely to overshadow delayed US data

A look at the day ahead in European and global markets from Tom Westbrook U.S. economic data starts flowing again on Monday, with construction spending figures for August.

ECB board revamp exposes diversity failings that could impact policy

Euro zone officials have embarked on a two-year process to replace most of the European Central Bank's executive board, including President

German finance minister lands in Beijing as trade gulf widens, supply chains wobble

Germany's finance minister became the first representative of the new coalition government to visit China on Monday, with Berlin under

Chile vote propels far-right Kast to runoff against leftist Jara

Far-right candidate Jose Antonio Kast is favored to clinch a runoff victory next month despite lagging slightly behind governing coalition

Thousands in Philippine capital hold second day of anti-graft protests

More than 200,000 protesters turned out on Monday for the second day of an anti-graft rally in the Philippines, demanding accountability over accusations of corruption in flood-

Clearing the backlog

The task of clearing the huge backlog of shutdown-delayed U.S. data begins, the world's most valuable company Nvidia publishes its results and new inflation numbers will keep Europe's

Treasury secretary says ‘we will see’ about $2,000 rebate checks to Americans as Supreme Court weighs Trump’s tariffs

Treasury secretary says ‘we will see’ about $2,000 rebate checks to Americans as Supreme Court weighs Trump’s tariffs

Japan's economy contracts as exports get hit by US tariffs

Japan has reported its economy contracted at a 1.8% annual pace in July-September as President Donald Trump’s tariffs hurt exports

A new rare earth crisis is brewing as yttrium shortages spread

Global supplies of the rare earth element yttrium are running low due to Chinese

Czech Republic plans $19 billion nuclear expansion to double output and end fossil fuel reliance

The Czech Republic plans to build two new reactors at its Dukovany plant to expand the country's nuclear energy capacity

Trump says Republicans drafting bill to sanction countries that trade with Russia

President Donald Trump said on Sunday that Republicans are working on legislation that will impose sanctions on any country doing business with Russia, and he said Iran may get

Mike Pompeo becomes adviser to scrutinized Ukraine defense company that's looking to boost missiles

Former U.S. Secretary of State Mike Pompeo has joined the advisory board of Ukraine’s leading defense company, Fire Point

Measure to allow foreign military bases in Ecuador fails in vote

A measure that would allow the return of foreign military bases to Ecuador looked set to fail in a Sunday referendum, as a count of close to 90% of ballots

Hyundai Motor announces $86 billion investment in South Korea after US trade deal

Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from

Japan's economy contracts for first time in six quarters on tariff hit

Japan's economy shrank almost 2% in the three months through September, as a drop in exports in the face of U.S. tariffs resulted in the first

Chile's presidential race heads to a runoff between a communist and a pro-Trump conservative

Chile is bracing for a tense presidential runoff after a first-round vote on Sunday set up a showdown between a member of the Communist Party and an ultraconservative veteran politician, sharply polarizing the country between the political left and right

Ecuadorian voters reject proposals to host foreign military bases and rewrite the constitution

Ecuadorians have struck down a proposal that would have let foreign countries run military bases in the South American country where drug gangs are extorting communities and killing politicians as they fight for territory

Asking prices for UK homes fall in run up to budget, Rightmove says

Asking prices for British homes have fallen by more than usual for the time of year ahead of finance minister Rachel Reeves' budget next week, a survey published on Monday showed.

Airlines expect FAA to end 3% flight cuts at major US airports, sources say

Airlines anticipate the Federal Aviation Administration will end 3% domestic flight reductions at 40 major U.S. airports early Monday, easing restrictions imposed over air

Trump tariff rollback offers relief for Indian farmers

Indian agricultural exporters are among the winners from U.S.

FAA to end mandated cuts in domestic US flights

The Federal Aviation Administration late Sunday said it would end mandated cuts in domestic flights at 40 major U.S. airports effective at 6 a.m.

Samsung hikes memory chip prices by up to 60% as shortage worsens, sources say

Samsung Electronics this month raised prices of certain memory chips - now in short supply due to the global race to build AI data centres -

China warns citizens against Japan travel as Taiwan spat escalates

China warns citizens against Japan travel as Taiwan spat escalates

Australia's Syrah Resources, Tesla to further extend graphite supply deal deadline

Australia's Syrah Resources said on Monday that it had agreed with Tesla to extend the deadline to tackle an alleged default of their graphite supply agreement for the second time in two

Dyed hair and nail art ok! More Japanese firms relax rules in tussle for workers

When 22-year-old Hinako Mori moved to Tokyo last year, she chose to work part-time at Don Quijote, a major discount retailer, for one main reason - it doesn't care

Trump's Republican Party insists there's no affordability crisis and dismisses election losses

Many Republican leaders insist there's no problem with the GOP's policies, the party's message or President Donald Trump’s leadership, despite big losses in this month's elections

Trump likely to face long military commitment and chaos if he ousts Maduro in Venezuela, experts say

Trump likely to face long military commitment and chaos if he ousts Maduro in Venezuela, experts say

South Korea's new president, injured as a child labourer, cracks down on 'workplaces of death'

South Korean Kim Yong-ho thought he would die within seconds after a 200-kilogram (441-pound) industrial press at a Hyundai Steel plant sprang to life

Ukraine secures US LNG imports from Greece to cover winter needs

Ukraine has secured imports of U.S liquefied natural gas (LNG) from Greece to cover its winter needs from December through to March next

Pratt & Whitney in talks over Airbus engine needs beyond 2025

Pratt & Whitney is in discussions with Airbus about engine supplies over the next three years as the planemaker looks to increase production of its best-selling A320neo

Leftist Jara leads Chile's presidential election in early count

Governing leftist coalition and Communist Party candidate Jeannette Jara is leading Chile's presidential race, an early count from electoral service Servel showed on Sunday, with

NZ welcomes lifting of US tariffs on $1.25 billion in exports

New Zealand late on Sunday welcomed the United States' announcement that it would remove additional tariffs on a range of New Zealand agricultural products, including beef, offal

Australia's Big Four banks move to bypass mortgage brokers as profits squeezed

Australia's biggest banks are ramping up efforts to reduce their reliance on mortgage brokers in the nation's $1.6 trillion home loan market,

China rare earths deal will 'hopefully' be done by Thanksgiving, Bessent says

A rare earths deal between the U.S. and China will "hopefully" be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that aired on Sunday.

Boeing aims to smooth relations with buyers over 777X delays

Boeing plans to lay out the path to certification of its much-delayed 777x mini-jumbo programme in contacts with airlines at this week's Dubai Airshow rather than use

Former Fed official Adriana Kugler violated trading rules, disclosure report shows

Former Fed official Adriana Kugler violated trading rules, disclosure report shows

Ford Motor shows off new high-tech HQ. It has a 'crown jewel' showroom and room for 4,000 employees

Ford Motor Company is showing off its new world headquarters building in Dearborn, Michigan

Uzbek president proposes setting up bloc of Central Asian states

Uzbek President Shavkat Mirziyoyev proposed on Sunday forming a regional co-operation organisation he called the "Community of Central Asia", in what he said was a bid to promote

Zelenskyy says Ukraine is working on a prisoner exchange with Russia

Ukraine is working to resume prisoner exchanges with Russia that could bring home 1,200 Ukrainian prisoners

On GPS: Will the Supreme Court strike down Trump’s tariffs?

Fareed discusses the stakes of the Supreme Court’s case on President Trump’s tariff policy with Harvard Law School professor Noah Feldman and John Yoo, a former Justice Department official under the George W. Bush administration.

Samsung and other South Korean firms pledge larger domestic investments after US tariff deal

Samsung Electronics and other major South Korean companies have announced new domestic investment plans

Racists are now openly targeting Indian Americans

Racists are now openly targeting Indian Americans

With the end of the penny, is the clock ticking for the nickel?

With the end of the penny, is the clock ticking for the nickel?

Texas National Guard troops expected to leave Chicago and return home, source says

Texas National Guard troops expected to leave Chicago and return home, source says

As nations push for more ambition at climate talks, chairman says they may get it

At the halfway point of annual United Nations climate negotiations in Brazil, it appears the talks may do more than just focus on implementing past promises, as some observers had expected

Boeing says partnership for T-7 trainer export bid imminent

Boeing is close to announcing a partnership to bid for an international sales opportunity for its T-7 trainer, company executives said on Sunday, highlighting fast-growing demand for

Swiss didn't make a deal with the devil on US tariffs, minister says

Switzerland did not make a deal with the devil by agreeing a new tariff framework with the United States, Economy Minister Guy Parmelin said on Sunday, rejecting criticism that it amounted

In this Brazilian state, a new push to track cattle is key to slowing deforestation

By the end of next year, the state of Para is requiring all cattle to be tagged to trace where they came from in order to be sold legally

Israel economy powered to 12.4% gain in Q3 after end of Iran conflict

Israel's economy rebounded sharply in the third quarter, putting in a stronger-than-expected performance after a weak second quarter that was hit by the conflict

Samsung, Hyundai announce domestic investments after US-South Korea trade deal

Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S.

Britain to make refugee status temporary under asylum overhaul

Britain said it would make refugee status temporary and the wait for permanent settlement would be quadrupled to 20 years under the country's

Japanese divided on military response to China over Taiwan, Kyodo poll shows

The Japanese public is divided on whether Japan should exercise its right to collective self-defence if China attacks Taiwan, a Kyodo news agency poll found on Sunday.

Saudi Arabia scales back salary premiums for foreign talent, recruiters say

Saudi firms are scaling back generous salary premiums that once lured top foreign talent into sectors such as construction and manufacturing

Venezuela’s Maduro denounces US military drills in Trinidad and Tobago amid heightened tensions

Venezuela’s Maduro denounces US military drills in Trinidad and Tobago amid heightened tensions

Australia welcomes Trump's removal of beef tariffs, seeks more relief

Australia on Sunday cautiously welcomed President Donald Trump's rollback of his tariffs on beef, while pressing the U.S. to eliminate all tariffs on Australian goods.

A crucial system of ocean currents may be on course to collapse. This country just declared it a national security threat

A crucial system of ocean currents may be on course to collapse. This country just declared it a national security threat

Business groups ask Supreme Court to pause California climate reporting laws in emergency appeal

The U.S. Chamber of Commerce is asking the Supreme Court to pause new California laws expected to require thousands of companies to report emissions and climate-risk information

Former Fed governor's stock trades violated the central bank's ethics rules

A former Federal Reserve governor who retired in August listed several stock trades in her financial disclosure documents for 2024 that violated the central bank’s ethics rules

Climate protesters demand to be heard as they march on COP30 with costumes and drums

Thousands of demonstrators marched in Belem, Brazil, at the halfway point of United Nations climate talks to demand progress from negotiators on the problem of climate change — among other causes

Caribbean countries to hold slavery reparations talks on UK visit

A delegation from the Caribbean Community (CARICOM) reparations commission will hold talks this week with officials and politicians in Britain on addressing the

Once a shadowy dealmaker, former Zelenskyy associate is accused in Ukrainian corruption scandal

Tymur Mindich has been named as the mastermind behind a $100 million embezzlement scheme in Ukraine

U.S. promises tariff cuts for coffee, banana imports

The Trump administration is promising to lower tariffs on the import of coffee beans after prices shot up by 15% between January and September. CNN's Matt Egan looks at the numbers.

First strong winter rains soak Gaza's makeshift shelters

Parts of Gaza's huge Muwasi tent camp are struggling after winter's first major rainfall

Former Fed Governor Kugler's exit came amid forbidden trading activity

By Michael S.

Trump, like Biden before him, finds there's no quick fix on inflation

President Donald Trump’s problems with fixing the high cost of living might be giving voters a feeling of déjà vu

Court-appointed lawyers and their clients face fallout from government shutdown, funding crisis

The longest U.S. government shutdown in history is officially over, but the fallout will continue to hit federally funded defense lawyers and the people they represent

New York Fed met with banks over key lending facility

New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, a New York Fed spokesperson told Reuters.

Single ticket in Georgia claims $980 million Mega Millions jackpot

Single ticket in Georgia claims $980 million Mega Millions jackpot

Tariffs are coming for your holiday wine

Tariffs are coming for your holiday wine

Thailand says US trade talks to proceed despite Cambodia dispute

Thailand will go ahead with talks on finalising a reciprocal trade deal with the United States, a government spokesperson said on Saturday, adding the discussions will remain

Republicans have lost ground with Latino voters after Trump’s 2024 gains

Republicans have lost ground with Latino voters after Trump’s 2024 gains

Cities and states are turning to AI to improve road safety

Cities and states in the U.S. are turning to AI to improve road safety

BHP liable for 2015 Brazil dam collapse, UK court rules in mammoth lawsuit

(Corrects to remove analyst's inaccurate comment in paragraph 10 that BHP had made a new $500 million provision relating to the incident.)

Walmart CEO steps down

Doug McMillon, CEO of Walmart for just over a decade, is retiring next year. CNN’s Phil Mattingly reports.

Aficionados fret as Trump moves to make pasta great again

The U.S. Commerce Department has launched an antidumping review targeting Italian pasta, claiming it’s sold below market prices

Winning ticket for $980 million jackpot sold in Georgia, Mega Millions says

A Mega Millions player in Georgia has won the $980 million jackpot, overcoming abysmal odds to take the huge prize

Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports

Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the Wall Street Journal reported on Friday.

Trump cuts tariffs on beef, coffee and other foods as inflation concerns mount

U.S.

China to strengthen fiscal policy, finance minister says in Xinhua interview

China will strengthen fiscal policy over the next five years, said the country's finance minister on Saturday in an interview with Xinhua News Agency.

Future data centers are driving up forecasts for energy demand. States want proof they'll get built

Utilities are producing eye-popping forecasts about the amount of electricity they'll need to power massive new data centers that are feeding the fast-growing AI economy

US trade tribunal to consider new Apple Watch import ban

The U.S.

Apple intensifies succession planning for CEO Tim Cook, FT reports

Apple is stepping up its succession planning efforts as it prepares for Tim Cook to step down as chief executive of the tech giant as soon as next year, the Financial Times reported on

FAA takes first steps to restore flights after shutdown strain, but some limits remain

The Federal Aviation Administration is rolling back some of its restrictions on commercial flights at 40 major U.S. airports that have been in place since Nov. 7

Trump scraps tariffs on beef, coffee and tropical fruit in a push to lower grocery store prices

President Donald Trump has announced the removal of U.S. tariffs on beef, coffee, tropical fruits and other commodities

Trump officials hold meetings on Venezuela as military tensions rise

Senior Trump administration officials have held three meetings at the White House this week to discuss options for

Indiana Senate won't vote on redistricting, defying Trump's push

The leader of the Indiana state Senate, a Republican, has said that his chamber will no longer meet in December as planned to vote on redistricting, citing lack of support from his members

China used its trade juggernaut to withstand US tariffs. Can it keep its edge?

China used its trade juggernaut to withstand US tariffs. Can it keep its edge?

Shell ordered to pay Venture Global's legal fees after arbitration loss

Venture Global said on Friday that following Shell’s recent loss in arbitration over liquefied natural gas (LNG) supply claims, an International Chamber of Commerce panel has issued an

US hedge funds trim stakes in 'Magnificent Seven' stocks in third quarter

Wall Street's largest hedge funds reduced exposure to "Magnificent Seven" stocks including Nvidia, Amazon, Alphabet and Meta in the third quarter, while taking new

Some Wall St hedge funds trimmed megacap positions in 3rd quarter   

Wall Street's largest hedge funds reduced exposure to some Magnificent Seven stocks, including Nvidia, Amazon, Alphabet and Meta, in the third quarter, while placing

As Washington weighs options on Venezuela, US invasion of Panama offers an imperfect blueprint for military action

As Washington weighs options on Venezuela, US invasion of Panama offers an imperfect blueprint for military action

Disney reaches new deal with YouTube TV, ending a blackout that lasted over two weeks

Disney and YouTube TV have reached a new deal to bring channels like ABC and ESPN back to the Google-owned livestreaming platform

Trump says he 'stopped a war' by preserving a ceasefire between Cambodia and Thailand

President Donald Trump says he has successfully eased tensions between Cambodia and Thailand

Fitch lifts Greece's rating on strong fiscal position

Global ratings agency Fitch upgraded Greece's long-term foreign-curency issuer default rating by a notch to "BBB" on Friday, reflecting the country's strong budget performance and debt

Activist Starboard sells Pfizer stake after pushing for changes

Activist investor Starboard Value has liquidated its position in Pfizer, according to a regulatory filing on Friday, ending its push for changes aimed at

Paramount Skydance to sell Chilevision to investor group

Paramount Skydance on Friday said it has agreed to sell its shares in the entities that control Chilean free-to-air TV channel Chilevision to Vytal Group.

Trump says he is considering F-35 fighter jet deal with Saudis

U.S. President Donald Trump said on Friday that he is considering agreeing to a deal to supply Saudi Arabia with F-35 stealth fighter jets, which are made by Lockheed Martin.

As Fed hawks press their case, traders bet against December cut

As U.S. agencies on Friday began announcing plans for releasing economic data delayed by the government shutdown, a trio of U.S. central bankers reiterated their concerns

USDA data casts doubt on China's soybean purchase promises touted by Trump

New data the Agriculture Department released Friday created serious doubts about whether China will really buy millions of bushels of American soybeans like the Trump administration touted last month

The Latest: Trump drops tariffs on beef, coffee, tropical fruit as consumers face high prices

President Donald Trump has signed an executive order to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits

S&P cuts Senegal rating to 'CCC+' as debt strains deepen

Credit ratings agency S&P on Friday downgraded Senegal's long-term sovereign credit rating to "CCC+" from "B-", citing the precarious debt position of the West African country.

Fitch retains Ukraine's sovereign rating at 'restricted default'

Global ratings agency Fitch affirmed Ukraine's long-term foreign currency sovereign credit rating at "restricted default" on Friday, saying it would remain unchanged until the country

Google ad tech antitrust trial closing arguments moved back

A final plea by Alphabet's Google to avoid a breakup of its advertising technology business in a U.S. court has been moved to November 21, the court said.

New York governor considering raising corporate taxes, source says

New York Governor Kathy Hochul is considering increasing corporate taxes to close a potential budget shortfall amid federal cuts, but that no decision has been made, a source

Japan considering stimulus package sized around 17 trln yen, Nikkei says

Japan is considering spending around 17 trillion yen ($110 billion) in new Prime Minister Sanae Takaichi's first stimulus package, the Nikkei newspaper reported on

Saab signs $3.6 billion Gripen fighter deal with Colombia

Swedish defense firm Saab said on Friday it has signed a contract

Guatemala's Castillo Hermanos buys US maker of SunnyD for $1.4 billion, top US official says

Guatemalan firm Castillo Hermanos acquired U.S.-based Harvest Hill, maker of beverages such as SunnyD, for $1.4 billion, the U.S.

US paves way for talks on sale of Lukoil's foreign assets

The Trump administration on Friday gave clearance to potential buyers to talk to Russia's Lukoil about buying

Wall Street scrambles back from a big morning loss as Nvidia and bitcoin swing

An early swoon shook the U.S. stock market, but it quickly calmed

Standard Lithium gets boost from Washington in Arkansas lithium race

Standard Lithium is getting a boost from Washington as it vies with Exxon Mobil to become the first company to produce lithium in Arkansas, a U.S.

S&P raises Nigeria's outlook to 'positive' as reforms take hold

S&P Global Ratings revised its outlook on Nigeria to "positive" from "stable" on Friday, backing the country's ongoing economic reforms, and also affirmed the country's rating at "B-/B".

FAA halves flight cuts to 3% as airlines push for end

The Federal Aviation Administration said Friday it halved a requirement that U.S. airlines reduce domestic flights at 40 major airports from 6% to 3% starting

Texas judge in Tylenol case won't block Kenvue's $398 million dividend payment

A Texas judge cleared the way for Kenvue to pay a $398 million shareholder dividend this month, a win for the U.S. consumer

Oracle bonds sell off as AI investment fuels investor concerns

Oracle bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt

Global equities index falls, bond yields rise on fading rate cut hopes

MSCI's global equities gauge lost ground on Friday and Wall Street had a muted end to the week while U.S.

S&P upgrades South Africa for first time in nearly 20 years as reforms gain traction

South Africa on Friday secured its first credit rating upgrade in nearly 20 years after S&P Global raised the country’s foreign-currency long-term sovereign rating to "BB" from "BB-",

Google plans $40 billion Texas data center investment amid AI boom

Alphabet's Google said on Friday it would invest $40 billion in three new data centers in Texas, as part of its push to expand capacity for artificial intelligence initiatives.

Berkshire reveals new $4.3 billion Alphabet stake, sells more Apple

Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple, detailing its equity portfolio for the last time

Walmart CEO Doug McMillon announces his surprise retirement at age 59

Walmart CEO Doug McMillon is planning to retire early next year and his successor has been named

Trump lowers tariffs on coffee, beef and fruits, as Americans’ concerns about affordability grow

Trump lowers tariffs on coffee, beef and fruits, as Americans’ concerns about affordability grow

US to allow transactions involving Lukoil and Caspian Pipeline Consortium, website shows

The United States issued general licenses on Friday authorizing transactions involving certain Lukoil entities in Bulgaria and petroleum services and other transactions related

Tiger Global slashes Meta stake by 63% 

Tiger Global Management, the hedge fund founded and led by Chase Coleman, slashed its stake in Facebook parent Meta Platforms during the third quarter, according to

Fed's Logan: Would be hard to support December rate cut

Dallas Federal Reserve President Lorie Logan on Friday again signaled she would oppose an interest-rate cut in December, after also opposing the Fed's rate cut in October,

Activist investor Irenic builds stake in Papa John's, sources say

Activist investor Irenic Capital Management built a stake in Papa John's during the third quarter, sources familiar with the matter

Brazil's Prumo sells stake in joint venture with Anglo American

Brazilian logistics firm Prumo said on Friday it agreed to sell its 50% stake in Ferroport, a joint venture with miner Anglo American that operates an iron ore terminal at

Switzerland wins US tariff rate cut to 15%, pledges $200 billion in US investments

The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from

Markets dip, investors worry about Fed and megacap tech

Wall Street's main indexes pared losses after being weighed down by technology stocks earlier Friday, while Federal Reserve officials cast doubt on a potential interest rate cut in

Data 'fog' has some investors feeling for the exits as AI stock valuation fears flare

The U.S. shutdown has ended but the hangover is just beginning for investors, who worry gaps in economic data will

Republican state AGs raise concerns about Union Pacific deal for Norfolk Southern

A group of nine Republican state attorneys general on Friday raised competition concerns about Union Pacific's plan to buy smaller rival Norfolk Southern in

Government will release September jobs report next week, ending data drought from federal shutdown

The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown

Skittish tech stock investors turn to Nvidia results for next cues

Turbulence in technology stocks could ratchet higher in the coming week as investors react to the quarterly report from Nvidia Corp, the world's largest company

Wall Street ends mixed; traders look to Nvidia report

Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S

Barrick Mining considers splitting into two entities, sources say

By Divya Rajagopal TORONTO -The board of Canada's Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa

Judge says he'll approve opioid settlement with OxyContin maker Purdue and Sackler family

A federal bankruptcy court judge on Friday said he will approve OxyContin-maker Purdue Pharma’s latest deal to settle thousands of lawsuits over the toll of opioids that includes some money for thousands of victims of the epidemic

Why markets are suddenly on edge

Why markets are suddenly on edge

US Census Bureau will release August trade, construction reports next week

The U.S.

IMF approves fresh, smaller $24 billion credit line for Mexico

The International Monetary Fund on Friday said its executive board had approved a new two-year, $24 billion flexible credit line for Mexico to act as a buffer against external risks, noting

Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack

Oil prices settled more than 2% higher on Friday as Russia's port of Novorossiisk halted oil exports following a Ukrainian drone attack that hit an oil depot

Dollar rises against euro amid Fed rate cut speculation

The dollar gained on the euro and was roughly flat against the yen on Friday as stocks recovered from a sharp selloff and traders weighed whether the Federal

Enbridge approves $1.4 billion project to boost Canadian oil flows to US

Canadian pipeline operator Enbridge on Friday approved $1.4 billion in expansion projects for its Mainline and Flanagan South pipelines to the U.S., which it stressed

US judge to approve Purdue Pharma's opioid bankruptcy settlement

A federal bankruptcy judge said on Friday he will approve a restructuring plan for drugmaker Purdue Pharma that includes a $7.4 billion

US Postal Service seeks reforms as it reports $9 billion yearly loss

The U.S.

Court blocks new rules limiting which immigrants can get commercial drivers' licenses

The Transportation Department’s new restrictions that would severely limit which immigrants can get commercial driver’s licenses to drive a semitrailer truck or bus have been put on hold by a federal appeals court

The government is back open. Here’s what that means for economic data

The government is back open. Here’s what that means for economic data

The Trump administration is lowering its mega tariffs on Switzerland

The Trump administration is lowering its mega tariffs on Switzerland

CMA CGM flags tough year ahead as shipping faces overcapacity, falling demand

The container shipping industry is bracing for a challenging year as new vessels boost capacity while demand slows, French group CMA CGM said on Friday, citing early

JPMorgan secures deals with fintech aggregators over fees to access data, CNBC reports

JPMorgan Chase has secured deals that will ensure it receives payments from fintech companies for access to its customer bank account data by third-party apps, CNBC reported on Friday,

Investors and business decry British budget messaging 'fiasco'

Confusing messages about Britain's budget this month are undermining the government's credibility, investors, businesses and think tanks said on Friday as

International Paper to close two U.S. packaging plants amid weak demand

International Paper on Friday said it will shut two U.S. packaging plants by January as the company cuts costs and consolidates operations amid weak demand.  

US-Ukraine critical minerals fund hires advisers A&M to identify projects

The U.S. fund overseeing U.S.

Walmart CEO McMillon to retire after a decade, insider Furner named successor

Walmart CEO Doug McMillon will retire next year after more than a decade at the helm, capping a period when he reshaped the big-box retailer into a

Clash over healthcare subsidies threatens to reshape 2026 midterms

For Larry Jackson, a Donald Trump-backing Republican hoping to

UK lobbying Poland to buy Swedish submarines, sources say

British Prime Minister Keir Starmer is lobbying Poland to award a multi-billion-euro submarine purchase contract to Swedish defence group Saab that may include some

Swiss government: US tariffs will be reduced to 15%

The Swiss government said on Friday that U.S. tariffs on its exports will be reduced to 15% from 39% and thanked President Donald Trump for a constructive engagement.

Blue Origin’s New Glenn rocket landed its booster on a barge at sea – an achievement that will broaden the commercial spaceflight market

Jeff Bezos’s aerospace company Blue Origin is now the second, after SpaceX, to land a rocket booster for reuse.

US drops Biden plan to require passenger compensation for delayed flights

President Donald Trump's administration said on Friday it was formally withdrawing a plan by his predecessor to require airlines to pay passengers cash

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

Shareholders of Union Pacific and Norfolk Southern backed the railroads’ proposed $85 billion merger to create the nation’s first coast-to-coast rail network

Activist investor Kimmeridge takes stake in US energy producer Devon

Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday.

Walmart names insider Furner as CEO McMillon's successor, Wall Street reacts

Walmart on Friday announced that CEO Doug McMillon will retire next year and will be succeeded by insider and company veteran John Furner at a time when retailers navigate new challenges

Walmart's returns under McMillon among the strongest of recent departing CEOs

There have been numerous changes among CEOs in the last 18 months, and Walmart's announcement that Chief Executive Doug McMillon will retire in January is only the latest.

Texas judge defers ruling on Kenvue dividend

A Texas judge on Friday deferred ruling on state Attorney General Ken Paxton's bid to temporarily block Kenvue from paying a dividend to its shareholders, in connection with his lawsuit

UK's Reeves abandons plans to raise income tax rates, roiling markets

British finance minister Rachel Reeves has no plans to raise income tax rates in this month's budget due to improved fiscal

European shares fall as US rate cut expectations wane; UK fiscal worries resurface

European shares fell on Friday, as hawkish commentary from U.S. policymakers dampened expectations of an imminent interest rate cut, even as the

Meatpacker JBS sees US cattle shortage lasting through 2026

U.S. beef margins for JBS, the world's largest meat company, will likely tighten in the fourth quarter from the prior period due to a persistent shortage of U.S.

JPMorgan expands in Dubai as Middle East competition heats up

The U.S. bank JPMorgan has expanded in Dubai as part of a broader push to grow and do more business with medium-sized companies, an executive told Reuters, as

The Telegraph sale collapses as US private equity firm drops its bid for the UK newspaper

The Telegraph sale collapses as US private equity firm drops its bid for the UK newspaper

Switzerland to boost US investment as deal struck to lower US tariffs on Swiss goods to 15%

Switzerland has announced plans to invest $200 billion in the United States through 2028 as it finalized a hard-wrought deal to slash U.S. tariffs on Swiss goods

Airlines are optimistic about a quick recovery ahead of Thanksgiving once the FAA ends flight cuts

Airlines are optimistic they can resume normal operations within a few days once the government lifts its order to cut some flights at 40 busy airports

Cyprus urges Turkey to drop two-state demand to advance EU bid

Cyprus said on Friday Turkey must drop its insistence on a two-state solution for the divided island if it hopes to make progress on its long-stalled bid to join the European Union.

Who is Walmart's new top boss?

Walmart on Friday named seasoned executive and insider John Furner as its new CEO, effective February 2026, replacing Doug McMillon, who led the retail behemoth for more than a decade.

Russia's Lukoil in talks with potential buyers of its foreign assets

Russia's second-largest oil producer Lukoil said on Friday it has been in talks with potential buyers of its foreign assets following last-month sanctions from the UK and the United

Shein openings across France delayed after shoppers balked at Paris store prices

The opening of five new Shein concession stores across France has been delayed, department store owner Societe des Grands Magasins said on Friday, as it adjusts its strategy after some

Merck bets on flu prevention with $9.2 billion deal for Cidara Therapeutics

Merck will acquire Cidara Therapeutics in a nearly $9.2 billion deal, gaining access to an experimental flu drug in its effort to diversify ahead of patent loss for its

Just 29% of Americans support US military killing drug suspects, Reuters/Ipsos poll finds  

Only 29% of Americans support using the U.S. military to kill suspected drug traffickers without a judge or court being involved, a rebuke of

Here's who broke ranks on vote to end government shutdown

The House has approved a bill to end the longest government shutdown in US history. President Donald Trump must now sign the funding package to officially reopen the government.

London judge finds global mining company BHP Group liable in Brazil’s worst environmental disaster

A London judge has ruled that BHP Group is liable for Brazil’s worst environmental disaster

US Treasury, Taiwan reaffirm pledges against currency manipulation

The U.S.

Swedish EV maker Polestar announces one-for-thirty reverse stock split to maintain Nasdaq listing

Sweden's Polestar on Friday said it would conduct a one-for-thirty reverse stock split of its American Depository Shares as the electric vehicle maker seeks to avoid a Nasdaq delisting.

South Africa will hand G20 over to US 'empty chair', president says

President Cyril Ramaphosa said on Friday South Africa will symbolically hand over the G20 presidency to an "empty chair" in the absence of U.S. leadership

US reaches trade deal with Switzerland, USTR says

The Trump administration has reached a trade deal with Switzerland and will provide details on the White House website later on Friday, U.S.

US trade chief says Trump now ready to issue tariff exemptions on some food products

U.S.

US Bureau of Economic Analysis working on new economic data calendar post-shutdown

The Commerce Department's Bureau of Economic Analysis said on Friday it was working to update its schedule of economic data releases affected by the recently ended government

Wall Street tumbles as tech selloff extends, rate cut hopes fade

Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate

Russia plans to make up to 120,000 glide bombs this year, Ukrainian intelligence says

Russia plans to manufacture up to 120,000 of its cheap and devastating glide bombs this year, a senior Ukrainian intelligence official said,

Applied Materials' shares drop as stringent US export curbs weigh on China business

Applied Materials shares slipped more than 3% in early trading on Friday as the chip equipment maker forecast reduced spending in China next year due

Saudi Aramco to sign US LNG agreements during crown prince's visit to Washington, sources say

Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG

Walmart CEO Doug McMillon is stepping down

Walmart CEO Doug McMillon is stepping down

Trump brothers-backed American Bitcoin swings to profit on margin expansion

American Bitcoin, backed by two of U.S.

Union Pacific, Norfolk shareholders approve $85 billion merger

Union Pacific and Norfolk Southern shareholders approved a deal to merge both railroad operators, the companies said on Friday.

RedBird's bid for UK's Telegraph collapses after newsroom opposition

U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a 500-million-pound ($671-million) bid for Britain's Telegraph Media Group, the

Novo Nordisk chair touts OTC future for Wegovy as top investor tightens grip

Newly-elected chairman of Wegovy-maker Novo Nordisk, Lars Rebien Sorensen, said on Friday he plans to enhance the board's

US House report accuses China of minerals market interference

China has sought to manipulate global critical minerals prices for decades, using its control as an economic weapon to expand its manufacturing sector

What is Fusarium graminearum, the fungus a Chinese scientist pleaded guilty to smuggling into the US?

When Fusarium graminearum infects wheat, it can pose a risk to humans, animals and agriculture.

Disney warns of potentially long dispute with YouTube TV, shares fall

Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television

US equity fund inflows ease to four-Week low on valuation concerns

U.S. equity funds witnessed a sharp cooling of demand in the week through November 12 as investors grew wary about the durability of the artificial intelligence-driven market rally and

UK's commitment to fiscal rules crucial for credit rating, Fitch says

The UK government's commitment to its own fiscal rules to balance the budget by 2029/30 remains vital for the country's AA- credit rating, credit agency Fitch said.

Global investors pull back, cautious over tech valuations and US labour

Global equity fund inflows cooled significantly in the week to November 12 as worries about stretched technology valuations and signs of softening U.S. labour market conditions fuelled risk

Top asset manager DWS warns of global risks if US restricts dollar access

Executives at DWS, one of Europe's largest money managers, are thinking through the potential impacts in the unlikely event that the U.S.

Ukrainian energy workers in endless race to repair damage from Russian strikes

Standing near the mangled exterior of his thermal power plant, the 53-year-old production manager described the now familiar job of a Ukrainian energy worker: swiftly

Chile's presidential elections: Who is running and what is at stake

Chileans will head to the ballot box on Sunday to elect a new president in a vote that is pitting the governing leftist coalition against an array of right-wing

Teamshares to list in US via $746 million T. Rowe Price-backed SPAC deal

Teamshares, a buyer of small- to medium-sized enterprises, said on Friday it would go public in the U.S. through a $746 million blank-check deal with Live Oak Acquisition

US approves potential $330 million arms sale to Taiwan, first under Trump

The U.S. approved the sale of fighter jet and other aircraft parts to Taiwan for $330 million on Thursday, marking the first such transaction since President

ECB's Elderson backs easier rules for small banks, fewer requirements

European Central Bank supervisor Frank Elderson on Friday backed simplifying rules for smaller lenders and capital requirements for the sector as a whole.

Trump administration prepares tariff exemptions in bid to lower food prices, NYT reports

U.S.

Supply-chain delays, rising equipment prices threaten electricity grid

The equipment needed to keep the grid running is hard to make, and materials are limited. And supply-chain bottlenecks are taking years to clear.

Making progress is more than making policy – what Mamdani can learn from de Blasio about the politics of urban progress

The mayor-elect can use his popularity to protect New York’s capacity for self-government from outside interference, while reaffirming what his campaign promises mean to the city.

Hybrid workers are putting in 90 fewer minutes of work on Fridays – and an overall shift toward custom schedules could be undercutting collaboration

Where, when and how Americans work has dramatically shifted since the COVID-19 pandemic disrupted the routines of everyday life.

Jordan's king and Indonesia's leader hold talks on economic ties and Gaza

Jordan’s king and Indonesia's leader have held talks as the two longtime friends agreed to strengthen military cooperation and economic ties between the two Muslim-majority nations

SNAP benefits have been cut and disrupted – causing more kids to go without enough healthy food and harming child development

Having stable access to nutritious food sets children up for better mental and physical health into adulthood.

Trump’s proposed cuts to work study threaten to upend a widely supported program that helps students offset college costs

Federal work study creates opportunities for students and universities alike. But the program’s challenges go beyond the potential government funding cuts.

Blue Origin's New Glenn rocket deploys Mars satellites, sticks booster landing

The giant New Glenn rocket from billionaire Jeff Bezos' space company Blue Origin launched from Florida on its debut mission for

Euro zone economy holds up, trade surplus surges on exports to US

The euro zone economy continued to expand at a modest but respectable pace in the third quarter while the trade

Study urges Germany to build digital hub linking military and private sector

Germany needs to better integrate private sector resources into its defence plans to meet logistical and NATO demands, a study carried out by Porsche-owned consultancy MHP, Quadriga

Buy the Rumor, Sell the News

By Anna Szymanski -Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! 

Weapons makers have 'conned' US military into buying expensive equipment, Army Secretary says

Large defense companies have "conned" the U.S. military into buying expensive equipment when cheaper commercial options would have been available, U.S.

Greece in talks to buy anti-aircraft, artillery systems from Israel

Greece is in talks with Israel to buy modern missile systems that would be used for a planned anti-aircraft defence dome, two officials with knowledge of the plan told Reuters.

Dubai Airshow to showcase Western jet orders as China debuts competitor

Aircraft delays, China's ambitions to dethrone Airbus and Boeing, and geopolitical tensions will vie for attention with new jet

'No playbook' for AI bubble fears, says Deutsche Bank investment arm CEO

The explosion in the value of artificial intelligence stocks poses risks to global markets for which there is "no playbook", the CEO of

Different needs but similar fears arise in communities on both ends of Missouri's redistricting

The rush to redraw America's congressional maps has put a historically Black neighborhood in downtown Kansas City, Missouri, and a mostly white farming community 100 miles away in the same district

How 30-year-old eBay is making a comeback thanks to AI

How 30-year-old eBay is making a comeback thanks to AI

Russia's Black Sea port of Novorossiysk suspends oil exports after Ukrainian drone attack, sources say

Russia's Black Sea port of Novorossiysk halted oil exports on Friday after a Ukrainian drone attack, and oil pipeline monopoly Transneft suspended crude supplies to the outlet, two

S&P lowers Nissan's rating to BB- from BB

S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's credit by one notch on continuing pressure on its profitability, while taking a negative view of the

Etihad Airways nine-month profit up 26% as passenger revenue jumps

Etihad Airways reported a nine-month profit of 1.7 billion dirhams ($463 million) on Friday, up 26% year-on-year, driven by higher revenue in both its passenger and cargo

Over-indebtessness on the rise again in Germany, survey shows

Over-indebtedness among German adults is climbing again after years of decline, as economic weakness and rising costs squeeze household finances, data from credit agency Creditreform

Japan's automotive union group vows no retreat on wage demands despite tariff pain

Japan's top automobile industry union group has no plans to scale back its wage demands at labour talks next year despite a heavy drag on the

UK's Reeves does not plan to raise income tax, government source says

British finance minister Rachel Reeves does not plan to raise income tax at her upcoming annual budget on November 26 due to an improved fiscal outlook, a government source said on

Villagers struggle with aftermath of intense Iberian wildfires

Photo essay: See here "The fire started on my birthday," says taxi driver Simon Rodriguez, hauling

Trump administration revokes Biden-era limits on Alaska oil drilling

The Trump administration on Thursday finalized its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land.

Republicans scramble for health care plan, as Democrats eye midterm battle

Republicans scramble for health care plan, as Democrats eye midterm battle

The government has reopened. What’s that mean for air travel?

The government has reopened. What’s that mean for air travel?

States scramble to send full SNAP food benefits to millions of people after government shutdown ends

State officials are working to restore full SNAP benefits to millions of people after the long U.S. government shutdown has finally ended

Modi’s alliance set to easily win Indian Hindi heartland vote

By Krishna N.

ACS, BlackRock launch 2 billion euro data centre joint venture

Spain's ACS and BlackRock's Global Infrastructure Partners have created a joint venture to develop an initial 2 billion euro ($2.33 billion), 1.7 gigawatt portfolio of data centres,

Stellantis to recall nearly 113,000 US vehicles, NHTSA says

Chrysler-parent Stellantis is recalling 112,859 U.S. vehicles over possible engine failure or compartment fire, the U.S.

Apple's China iPhone sales jumped 22% in month after iPhone 17 launch

Sales of iPhones in China rose 22% from year-earlier levels in the first month after the iPhone 17 series launched, even as the broader market softened, a

French inflation revised down to 0.8% year-on-year in October

Consumer prices in France rose 0.8% year-on-year in October, statistics office INSEE said on Friday, below analysts' expectations and the preliminary reading published last month.

US, South Korea unveil details on shipbuilding investment and subs in trade deal

The U.S. and South Korea released details of a trade agreement on Friday that includes a $150 billion Korean investment in the American

Hamas quietly reasserts control in Gaza as post-war talks grind on

From regulating the price of chicken to levying fees on cigarettes, Hamas is seeking to widen control over Gaza as U.S. plans for its future slowly take shape,

BOJ says Deputy Governor Uchida in hospital to treat leukemia

Bank of Japan Deputy Governor Shinichi Uchida has been hospitalised for leukemia treatment and will work remotely for a few weeks, the central bank said on Friday.

Google offers EU to change adtech policy, no divestment

Alphabet's Google has offered to make it easier for publishers and advertisers to use its online advertising technology, defying EU antitrust regulators' call for

Swiss machine maker feels heat from auto sector slowdown, Trump's tariffs

Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades.

BYD shifts away from in-house payment system that strained suppliers, sources say

China's BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said - a seismic shift away from a practice that helped power

South Korea, US sign MOU on $350 billion strategic investment, Seoul says

South Korea and the United States signed a memorandum of understanding to realise $350 billion in strategic investments in various industries in the U.S., South Korea's Industry

Japan's core inflation likely accelerated in October for 2nd straight month: Reuters poll

Japan's core consumer inflation probably accelerated in October for the second straight month, a Reuters poll showed on Friday, as smaller energy subsidies compared with a year

Amazon, Microsoft back effort to curb Nvidia's exports to China, WSJ reports

Amazon is joining Microsoft in backing legislation to further restrict chipmaker Nvidia's ability to export chips to China, the Wall Street Journal reported on Thursday, citing people

ANZ's 'good news' culture masking problems, bank review finds

Australia's ANZ Group has a 'good news' culture that deters staff from speaking up about potential mistakes while bureaucracy hampers some of its processes, a review

Markets tumble as Fed cut hangs in the balance

A look at the day ahead in European and global markets from Gregor Stuart Hunter It has been a wrenching 24 hours for markets as traders reined in expectations that the U.S.

Cartier-owner Richemont beats quarterly sales forecast as sales jump 14%

Cartier-owner Richemont reported better-than-expected quarterly sales on Friday, as the Geneva-based luxury group awaited the outcome of tariff negotiations between Switzerland and

China's economy jolted by weakest factory output, retail sales growth in over a year

China's factory output and retail sales grew at their weakest pace in over a year in October, piling pressure on policymakers to revamp the $19 trillion export-driven

Seattle Mayor Bruce Harrell concedes reelection fight to progressive activist Katie Wilson

First-term Seattle Mayor Bruce Harrell conceded his reelection fight to progressive activist Katie Wilson on Thursday, handing another victory to leftist Democrats around the country frustrated with unaffordability, homelessness, public safety and the actions of President Donald Trump’s administration

Japan's fight with yen bears dulled by Takaichi's doves

As Japanese authorities once again battle a slide in the yen, their efforts this time are struggling for traction, undermined by new prime minister Sanae Takaichi's

South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs

South Korea's government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country's auto industry weather risks

European officials consider pooling dollars to lessen Fed reliance after Trump shocks

European financial stability officials are debating whether to create an alternative to Federal

US hires 50,000 federal workers under Trump, boosting immigration roles

The U.S. government has hired 50,000 employees since President Donald Trump took office, his top personnel official said, with the new staff largely in national

SMIC says worries over memory shortage prompt customers to hold back Q1 orders

Semiconductor Manufacturing International Corp <0981

China's October new home prices fall at fastest pace in a year

China's new home prices fell at the fastest monthly pace in a year in October, official data showed on Friday, highlighting persistently weak demand in

Bank of America, Bank of New York Mellon seek to end Epstein lawsuits

Bank of America and Bank of New York Mellon asked a federal judge on Thursday to dismiss lawsuits accusing them of knowingly aiding Jeffrey Epstein's sex

Families brace for continued gaps in Head Start service despite government reopening

Families and staff who rely on the federal preschool program Head Start may have to wait even longer to return to their centers even though the 43-day government shutdown ended Wednesday night

Highlights of US framework trade deals with Argentina, Ecuador, El Salvador and Guatemala

The United States on Thursday announced framework agreements with Argentina, Ecuador, El Salvador and Guatemala that will see Washington

Colombia's Ecopetrol to execute $6.3 billion in investments in 2025, drill five additional wells

Colombia's state-run energy company Ecopetrol ECO.CN expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives

Cuba fights to contain spread of mosquito-borne chikungunya virus

Cuba is fighting a wave of mosquito-borne illnesses including dengue and chikungunya virus that have swept the island in recent weeks, affecting nearly one-third of the population

South Korea, U.S. agree on trade, security deal, nuclear subs, Lee says

South Korean President Lee Jae Myung said on Friday South Korea and U.S. had finalised a joint fact sheet on agreements on trade and security issues after his summit with U.S.

Singapore Airlines CEO says not expecting major impact from Boeing 777-9 delay

Singapore Airlines is not expecting a major impact from the delay in delivery of Boeing 777-9 planes, CEO Goh Choon Phong said on Friday.

IMF sees Thai GDP growth at 1.6% in 2026

Thailand's economic growth is projected to reach 2.1% this year and then slow to 1.6% in 2026 in the face of increasing economic headwinds, the International Monetary Fund said. 

Nissan to cut jobs at European regional office as part of global overhaul

Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of

Verizon to cut about 15,000 jobs as new CEO restructures, source says

Verizon's new CEO is planning to cut about 15,000 jobs in the U.S. telecommunications company's largest ever layoffs, a person

US airlines reduce flight cuts for Friday despite 6% FAA order

U.S. airlines have cut far fewer flights for Friday than the requirement that they cut 6% of domestic flights at the 40 busiest American airports, according

Morgan Stanley questioned by US House panel over Zijin Gold IPO in Hong Kong 

Morgan Stanley's underwriting of Zijin Gold International's Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and

Trump will attend Davos forum in 2026, White House official says

U.S. President Donald Trump will attend the World Economic Forum's annual meeting in Davos, Switzerland, next year, according to a White House official.

Rio Tinto signs 15-year renewable power deal with U.S. based TerraGen

Rio Tinto said on Friday its Kennecott operation in Utah, U.S., has signed a 15-year virtual power purchase agreement with TerraGen to source renewable energy from a new wind farm in Texas.

US weekly jobless claims edge down, Haver Analytics estimates

The number of Americans filing new applications for unemployment benefits eased slightly last week, Haver Analytics estimated on Thursday, pointing to stable

Brazil expects US to answer proposal regarding tariffs possibly as soon as Friday, minister says

The United States is analyzing the negotiation proposal sent by Brazil regarding tariffs and a response is expected soon, the Brazilian foreign minister said on Thursday, citing

Merck nearing deal for Cidara, FT reports

Merck is closing in on a deal to buy Cidara Therapeutics in a deal valuing the biotechnology company at a premium to its $3.3 billion market capitalization, the Financial Times reported on

UK's jobs downturn abates slightly ahead of budget, survey shows

The downturn in Britain's labour market abated slightly last month as recruiters reported the first increase in demand for temporary staff in over a year, a survey

Trading Day: Fed hopes melt, stocks sink

Wall Street tumbled and Treasury yields rose on Thursday as expectations of a Federal Reserve interest rate cut next month faded rapidly, while the dollar

Can Peru reboot its Amazon oil? Pollution fallout and local opposition loom

Near a remote bend of the Patoyacu River in Peru's northern Amazon, Wilmer Macusi stood atop a rusty pipeline cutting through the jungle, swirling a

Crash victims' families appeal US judge's decision to dismiss Boeing criminal case

Families of some victims of two Boeing 737 MAX plane crashes that killed 346 people asked a U.S. appeals court on Thursday to reverse a judge's decision to

US to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said on Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and El Salvador

Thai economic growth likely slowed sharply in Q3 on weak consumption: Reuters poll

Thailand's economic growth likely slowed sharply last quarter as weak household spending and ongoing domestic uncertainty offset gains from exports, a Reuters

US to pay $10,000 bonuses for exemplary TSA officers during shutdown

The head of the U.S.

You can end a shutdown overnight — but you can’t reopen a government that fast

The longest government shutdown in U.S. history may be officially over, but getting everything back up and running won't happen all at once

Republicans promised health care negotiations after the shutdown, but Democrats are wary

Now that the government shutdown is over, House and Senate Republicans say they'll negotiate with Democrats on whether to extend COVID-era tax credits that help tens of millions of Americans afford their health care premiums

The body of a coal miner has been found in a flooded West Virginia mine, the governor says

Gov. Patrick Morrisey says crews have found the body of a coal miner missing for days after a mine flooded in West Virginia

Cuba accuses US-funded media outlet of economic terrorism, manipulating exchange rate

Cuba on Thursday alleged that U.S.-funded media outlet El Toque was manipulating Cuba's informal exchange rate to foment unrest on the island at a time when a

JBS profit falls amid still-challenging US market environment

JBS, the world's largest meat company, reported a net profit fall in the third quarter in spite of a rise in global net sales amid a still-

Digital lender Nubank posts Q3 income beat, record profitability

Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian

Apple and OpenAI must face X Corp's lawsuit for now, US judge rules

Apple and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X Corp accusing them of conspiring to monopolize markets

Pfizer slashes stake in COVID vaccine partner BioNTech

Pfizer Inc said on Thursday it sold a part of its stake in German drugmaker BioNTech SE, more than five years after both firms formed an alliance that yielded a vaccine to combat the deadly

Under Armour parts ways with Steph Curry as restructuring gathers pace

Under Armour and Stephen Curry have parted ways, ending over a decade-long partnership between the NBA star and the sportswear company.

Applied Materials sees weaker China spending in 2026 on tighter US curbs

Applied Materials said on Thursday it expects spending on chipmaking equipment in China to fall in 2026 as tighter U.S. export controls limit its market access, with overall revenue

US, Switzerland close in on deal to ease Trump's crippling tariffs

The U.S. and Switzerland edged closer to a trade deal on Thursday to reduce President Donald Trump's crippling 39% tariffs on Swiss imports

Business jet that crashed in Michigan was flown after pilots chose not to wait for a test pilot, NTSB says

Business jet that crashed in Michigan was flown after pilots chose not to wait for a test pilot, NTSB says

Trump administration says it has trade frameworks with Argentina, Ecuador, El Salvador and Guatemala

The Trump administration has announced trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala

Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates

The U.S. stock market tumbled to one of its worst days since its springtime sell-off

Fed's Kashkari wanted rate-cut pause in October, reports Bloomberg News

Minneapolis Federal Reserve President Neel Kashkari told Bloomberg News in an interview on Thursday that he did not support the Fed's interest-rate cut in October given the economy's

Ubisoft delays half-year results, requests trading suspension

French video game publisher Ubisoft said on Thursday it was postponing the publication of its half-year earnings and requested Euronext suspend trading of its shares and

White House hosts oil, biofuel talks as Trump administration nears decision on refinery waivers

The White House this week held separate meetings with oil refiners and biofuel producers as it seeks to resolve a long-running dispute over billions of gallons of U.S.

US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows

Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a

Equities tumble, bond prices dip as hopes fade for Fed rate cut in December

Wall Street indexes suffered their biggest one-day decline in a month on Thursday, pushing down MSCI's global equities gauge while U.S.

Carlyle exploring options to buy Lukoil foreign assets, sources say

U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's foreign assets, three sources familiar with the situation

US court temporarily blocks USDOT order to unwind Delta, Aeromexico joint venture

A U.S. appeals court late on Wednesday temporarily halted a government agency's order to force Delta Air Lines and Aeromexico to unwind a joint venture by

How the yen tripped up investors...again

Investors laid a record wager on Japan's yen rising to take advantage of a long-overdue economic revival that coincided with expectations for a U.S.

Striking Boeing workers approve labor deal, ending 101-day-long walkout

Striking workers at Boeing Defense's St.

US dollar drops as government reopens after record shutdown

The U.S. dollar dipped on Thursday as the U.S. government reopened, leaving traders grappling with the long-term impact the shutdown will have on trust in the U.S

Southwest optimistic FAA will allow full schedule within days after shutdown ends

Southwest Airlines told employees Wednesday it is optimistic the Federal Aviation Administration will soon allow U.S. airlines to resume its full schedule.

Saudi to bolster trade with Lebanon after drug smuggling curbed

Saudi Arabia plans imminently to boost commercial ties with Lebanon after Lebanese authorities demonstrated "efficacy" in curbing drug smuggling to the kingdom over

Starbucks union baristas walk out on Red Cup Day in push for contract talks

More than 1,000 Starbucks unionized baristas in over 40 U.S. cities launched an indefinite strike on Thursday, intensifying their push for a

Living costs, mortgages on the menu at White House dinner with top execs, sources say

Rising living costs and expanding home ownership were among the issues U.S.

Fed's December rate cut looks increasingly like a toss-up

Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a

Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts

Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to

Federal workers question whether the longest government shutdown was worth their sacrifice

Federal workers are expressing relief and frustration as the longest government shutdown has come to an end

Some Korean workers detained in Georgia immigration raid have returned to their jobs at Hyundai site

Some of the more than 300 South Korean workers detained in an immigration raid at Hyundai's sprawling manufacturing site in Georgia have returned to their U.S. jobs two months later

Justice Department sues to block California US House map in clash that could tip control of Congress

The Justice Department has sued to block new congressional district boundaries approved by California voters, joining a legal battle that could determine which party wins control of the U.S. House in 2026

Workers turn to 'polyworking' to combat frozen salaries and inflation

Working professionals in the U.S. are taking on side jobs to supplement their incomes amid frozen salaries, inflation and fear of layoffs

Democrats more energized for 2026 elections than Republicans, Reuters/Ipsos poll finds

Democrats appear more fired up than Republicans about voting in next year's congressional elections following the party's victories in recent state and local

EU renews demand that Ukraine crack down on corruption in wake of major energy scandal

European Union officials are warning Ukraine that it must keep cracking down on graft in the wake of a major corruption scandal that could hurt the country’s ability to attract financial help

Wall Street has its worst day in a month as traders dial back expectations for Fed rate cuts

Wall Street has its worst day in a month as traders dial back expectations for Fed rate cuts

No car? No problem. Building apartments near public transit could help address the housing crisis

Quantavia Smith, who was often homeless for a decade, now has a studio apartment in Los Angeles with easy access to public transit

IMF says Jamaica has buffers to finance immediate disaster-related needs

The International Monetary Fund said it was closely monitoring developments in Jamaica and Haiti on Thursday following the devastation caused by Hurricane Melissa, adding that

German budget committee passes 2026 defence budget, defence ministry says

Germany's budget committee approved on Thursday the defence budget and the economic plan for the Bundeswehr special fund for 2026, with a total volume of more than 108 billion euros

US government opens back up but deep political divisions remain

The U.S. government is due to lumber back to life on Thursday after the longest shutdown in U.S. history snarled air traffic, cut food

USDA data blackout fuels uncertainty ahead of upcoming crop report

A crop data blackout during the longest-ever U.S. government shutdown has led to the widest range of analyst estimates in a decade for corn and

Fed's Hammack says restrictive monetary policy needed to cool inflation

By Michael S.

Michael Burry of 'Big Short' fame is closing his hedge fund

Michael Burry, the investor whose successful bets against the U.S. housing market in 2008 were recounted in the movie "The

Starbucks workers kick off 65-store US strike on company's busy Red Cup Day

More than 1,000 unionized Starbucks workers are on strike Thursday at 65 U.S. stores

Boeing defense workers ratify new contract to end 3-month strike in the Midwest

Boeing machinists on Thursday approved a five-year labor agreement to end a strike that began on Aug. 4 at three Midwest plants

IRS boosts contribution limits for 401(k) retirement plan savers

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year

IMF says market conditions are opportunity for Argentina to accumulate reserves

Current benign international financial market conditions are an opportunity for Argentina to accelerate its accumulation of international reserves, the International Monetary Fund said on

UBS takeover of Credit Suisse pushed up Swiss banks' funding costs, SNB says

Swiss banks have to pay more currently to secure liquidity in the financial markets than two years ago, the Swiss National Bank said on Thursday, pointing to the 2023 collapse of

Portuguese government calls for labour reform dialogue as strike looms

Portugal's minority centre-right government said on Thursday it was open to talks with unions, which have called a general strike next month over a planned overhaul of labour laws

Nexperia customers in talks over workaround to skirt Europe-China chip feud, sources say

Customers of Chinese-owned Dutch chipmaker Nexperia are working with the company on a workaround to bypass a feud between the Europe-based unit and its packaging

LKQ taps Bank of America to sell specialty parts business, sources say

Auto parts supplier LKQ is planning to sell Keystone Automotive Industries, its specialty parts division, three people familiar with the matter told Reuters,

US judge denies motions to disqualify officers, advisers involved in Citgo auction

A U.S. judge has denied motions filed by Venezuela and Gold Reserve to disqualify him, a court officer and two advising firms overseeing an auction of shares in

Top Democrats slam Trump for delaying export curbs on China

Top Senate Democrats including Senate Minority Leader Chuck Schumer took aim at the Trump administration for suspending a measure that blocked thousands of

Brazil trims 2025 growth, inflation forecasts amid slowdown

Brazil's Finance Ministry on Thursday trimmed its 2025 economic growth forecast to 2.2% from 2.3%, citing weaker than previously expected third-quarter results that also weighed on

Crypto-focused Grayscale reveals 20% revenue drop in US IPO filing

Grayscale reported a 20% drop in revenue in the first nine months of 2025, the crypto-focused asset manager disclosed in its U.S. initial public offering paperwork on

Minnesota man kills co-worker with sledgehammer, saying he didn't like her, charges say

Minnesota man kills co-worker with sledgehammer, saying he didn't like her, charges say

Streaming and parks shine for Disney in Q4, but weakening in cable and at the box office

Disney’s fiscal fourth-quarter performance was mixed, as a weak performance from its television networks and some films was buffered by strength in its streaming business and theme parks

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

AT&T has reached a combined $177 million settlement over two data breaches

Average US long-term mortgage rate rises again, inching up to 6.24%

The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, hovering near its low point so far this year

Trump is committed to a $2,000 dividend to Americans using tariff income-White House

President Donald Trump is committed to providing Americans a $2,000 check using money that has come into government coffers from Trump's tariffs, the White House said on

401(k), IRA contribution limits get a bump up

401(k), IRA contribution limits get a bump up

A judge said Luigi Mangione could have a laptop to view evidence in jail. He still hasn't gotten it

Months after a judge said Luigi Mangione could have a laptop in jail to review evidence, lawyers for the man accused of killing UnitedHealthcare CEO Brian Thompson say the device has yet to be delivered

Cash App's Moneybot might know your spending habits better than you do

Cash App has introduced Moneybot, a new financial services chatbot that will be integrated into its banking app this winter

San Diego Padres could be up for sale as Seidler family considers options

The family of the late San Diego Padres owner Peter Seidler is exploring the possibility of selling the franchise

Moody's downgrades Nike's debt ratings on cost pressures

Credit rating agency Moody's Ratings has downgraded several of global footwear and apparel retailer Nike's debt ratings.

'Not been pretty': Novo Nordisk faces rare shareholder rebuke over board shake-up

Novo Nordisk faces a shareholder backlash on Friday as the Danish drugmaker's minority investors prepare a protest vote against

Fitch downgrades Aston Martin's ratings as US demand uncertain

Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow

Young Ukrainian men needed at home, Germany's Merz tells Zelenskiy

German Chancellor Friedrich Merz told Ukrainian President Volodymyr Zelenskiy that he needed to ensure that young men from Ukraine do not come to Germany in large numbers, in what he

Citgo raises profit to $167 million, liquidity up to $2.75 billion

Citgo Petroleum's profit rose to $167 million in the third quarter from $100 million in the previous period, while the liquidity of the Venezuela-owned refiner

US October employment report will not include jobless rate, Hassett says

White House economic adviser Kevin Hassett said on Thursday the government would release the closely watched employment report for October, but without the jobless rate after a

WeightWatchers to offer Novo Nordisk's Wegovy pill after 2026 launch

WeightWatchers' CEO said on Wednesday it planned to offer Novo Nordisk's much-anticipated Wegovy in pill form if it is launched next year in the United States,

US October employment report will not include jobless rate, Hassett says

White House economic adviser Kevin Hassett said on Thursday the government would release the closely watched employment report for October, but without the jobless rate after a

Apple refused permission to appeal UK ruling on app store commissions

Apple was on Thursday refused permission to appeal against a London tribunal ruling that it abused its dominant position by charging app developers unfair commissions, though the

IMF to start mission to Ukraine soon, stresses need for anti-corruption efforts

The International Monetary Fund will soon begin a staff mission to Ukraine to discuss its financing needs and a potential new lending program,

Pfizer completes up to $10 billion acquisition of Metsera

Pfizer on Thursday closed its up to $10 billion acquisition of Metsera after winning shareholder approval, gaining a foothold in the fast-growing obesity

Tracking Starbucks' battles with workers union

More than 1,000 Starbucks unionized baristas launched an open-ended strike on Thursday, intensifying their push for a collective bargaining agreement over pay and other benefits at the

European shares close lower with upcoming US data in focus; Siemens slides

European shares closed lower on Thursday, as investors shifted their focus to crucial U.S. economic data following the end of the nation's longest

Tesla recalls 10,500 Powerwall 2 batteries in US over fire risk

Tesla said on Thursday it is recalling about 10,500 units of its Powerwall 2 battery power systems in the U.S. for fire and burn hazards after receiving 22 reports of overheating. The U.S.

Elon Musk says report on xAI's $15 billion fundraise is 'false'

Billionaire Elon Musk on Thursday said on X the CNBC report of his artificial intelligence startup xAI raising $15 billion in a series E funding round was "false."

IMF sees signs of US economic strain but lack of data due to shutdown clouds picture

The International Monetary Fund is seeing signs of strain in the U.S. economy with fourth-quarter growth likely decelerating from previous forecasts, but a lack

Counter-drone radar firm Chaos raises $510 million in defense tech boom

Counter-drone radar manufacturer Chaos Industries raised $510 million in a funding round that closed last month, the company's CEO said, the latest sign of booming

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

Wall Street opens lower as markets await data after federal reopening

Wall Street's main indexes opened lower on Thursday, with investors awaiting indications on the U.S. economy and the monetary policy path after President Donald Trump signed a bill ending

Fed's Daly open-minded on December rate cut amid balanced risks

Risks to the Federal Reserve's two goals of price stability and full employment are balanced now that the Fed has cut interest rates twice so far this year

EU finance ministers agree using frozen Russian assets most effective way to fund Ukraine

By Bart H.

Aid agencies 'nowhere close' to meeting needs for displaced Sudanese, IOM chief says

The funding gap for aid agencies is accentuating Sudan's crisis, leaving them unable to help many of the tens of thousands of people fleeing from the Darfur city of al-

Nissan considering car development with Honda in US, Nikkei reports

Nissan Motor is considering a joint project for vehicle and powertrain development with Honda Motor in the U.S., Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday.

Tanzania president names new prime minister after disputed election

Tanzania's leader chose a longtime loyalist as prime minister on Thursday, after a disputed presidential election in the East African country prompted clashes in which rights groups say

RTX to take $300 million fourth quarter charge tied to pension buyout

RTX Corp said on Thursday it will incur non-cash pretax charge of about $300 million in the fourth quarter related to the transfer of $2.5 billion in pension obligations to a Prudential

EU funnels fresh money to Ukraine for Naftogaz

Europe's top development banks and Ukrainian energy firm Naftogaz signed a deal on Thursday to provide hundreds of millions of euros to secure Ukraine's natural gas supply amid the

Norway wealth fund may invest in top defence firms after 21-year ban

Unnerved by the Ukraine war and U.S.

Major analyst and enterprise forecasts on the AI market

Technology executives and analysts expect artificial intelligence to generate hundreds of billions of dollars in value, yet forecasts for the market diverge significantly based on the

US 10-year Treasury yields priced for no inflation surprises, set to rise modestly: Reuters poll

U.S. 10-year Treasury yields, assuming no upside inflation surprises, are likely to rise modestly in coming months, according to a Reuters poll of market

BP in active talks with Stonepeak over Castrol sale, sources say

BP is in talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with

China's Tencent says chip shortage curbs cloud growth despite strong Q3 results

Tencent on Thursday said chip shortages were constraining the growth of its cloud business as China's largest social media and gaming company prioritizes

US retail holiday job postings slump, Indeed says

Retail-related job postings, including hospitality, retail shops and food services, dropped 16% in October compared to last year, according

Cisco shares climb on strong AI-fueled equipment demand

Shares of Cisco Systems rose nearly 6% in early trading on Thursday, after the networking equipment maker raised its annual profit and revenue forecast on robust cloud demand.

Holiday test looms as luxury brands chase elusive rebound

A surge in luxury stocks has piled pressure on fashion houses including LVMH and Gucci owner Kering to show that signs of recovery in the third quarter can translate

21shares launches two US crypto index ETFs

21shares launched its first exchange-traded funds tracking the price of a basket of cryptocurrencies, including ethereum, solana and dogecoin, for U.S. investors, the Swiss

USDA searched for terms like 'diversity,' 'climate modeling' to target grants for cancellation

The U.S.

Cyberattack on car manufacturer hits UK growth in Q3 ahead of crucial budget

Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year

Black and Latino homeowners in Philly face discrimination when appraisers assess their properties

An unbiased appraisal is key to ensuring that homebuyers and those seeking to refinance a mortgage can do so under fair and equal conditions.

Deal after dinner as Trump signs end to shutdown

A look at the day ahead in European and global markets from Tom Westbrook U.S.

Why rural Maine may back Democrat Graham Platner’s populism in the Senate campaign − but not his party

Whether Maine’s Graham Platner wins or loses, his campaign to knock off longtime GOP Sen. Susan Collins already points to a deeper question: Can Democrats do more than rent rural authenticity?

Fed cut now a coin toss

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the U.S. government now reopening after a six-week hiatus, market attention

Colombia’s ‘lost children’ remain open wound 40 years after deadly volcanic eruption

Maria Gladys Primo cannot hold back tears as she recalls the night of November 13, 1985, when she last saw her two young children, before a landslide of mud,

A battle is brewing over the future of online shopping

A battle is brewing over the future of online shopping

Analysis: Trump fact-checks himself on whether Americans pay for his tariffs

Analysis: Trump fact-checks himself on whether Americans pay for his tariffs

Flying will stay rough after the shutdown. Why? Spirit Airlines

Flying will stay rough after the shutdown. Why? Spirit Airlines

Google hit with EU antitrust investigation into its spam policy

Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their

Crime, migration and the specter of Tren de Aragua steer Chile’s election

Chileans are heading into Sunday’s presidential election consumed by fear over crime, immigration and organized gangs that have taken root in a few

Regional Fed banks could be next front in Trump's pressure campaign

The historically routine process of reappointing the Federal Reserve's 12 regional bank presidents is being watched for signs of becoming the

Hapag-Lloyd pledges to address costs as nine-month profit drops 50%

German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-

EU investigates Google over concerns content is unfairly demoted in search results

European Union regulators are investigating Google for allegedly demoting media publishers' content in search results

China’s securities regulatory chief seeks approval to step down, sources say

China's securities watchdog chief, Wu Qing, has sought approval to step down, sources with knowledge of the matter said, in what would be an abrupt and unexpected exit for a regulatory head

SMIC reports 29% increase in third-quarter profit

Semiconductor Manufacturing International Corp 0981

With markets underpricing risk, Europe must not ease bank regulation, ECB argues

Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's

Spain fines Musk's X $5.8 million in cryptoasset advertising case

Spain's stock market supervisor has fined Elon Musk-owned social media platform X 5 million euros ($5.8 million) for failing to make sure that a cryptoasset company that used X for

Euro zone industrial output weak but skewed by Ireland, data shows

Euro zone industrial production rose far less in September than economists had predicted, though the big economies fared well and the shortfall was due to volatility among big

Shah Capital pushes for Novavax sale, warns of proxy fight

Shah Capital, Novavax's second-largest shareholder, is pressing the biotech's board to pursue strategic changes, including a potential sale, and warned it

China's October new bank loans fall sharply, missing forecast

New loans by Chinese banks fell sharply in October from the previous month and missed market expectations, as households and businesses remained wary of taking on more debt due to

Burberry returns to growth as turnaround effort starts to bear fruit

Burberry posted its first quarter of growth in two years on Thursday as the British luxury brand's turnaround efforts started to bear fruit and

US lawmakers demand answers from Trump administration over Chinese chemical shipments to Iran following CNN reporting

US lawmakers demand answers from Trump administration over Chinese chemical shipments to Iran following CNN reporting

The Trump administration is ‘actively evaluating’ portable mortgages. What you need to know

The Trump administration is ‘actively evaluating’ portable mortgages. What you need to know

The government shutdown is over, but things are not back to normal

The government shutdown is over, but things are not back to normal

‘Things are pretty crappy.’ 1 in 4 US households are living paycheck to paycheck

‘Things are pretty crappy.’ 1 in 4 US households are living paycheck to paycheck

FAA says flight cuts will stay at 6% because more air traffic controllers are coming to work

The Federal Aviation Administration says flight cuts will stay at 6% because more air traffic controllers are coming to work

German court rejects shareholders' bid for more of Wirecard insolvency spoils

A German high court rejected a claim from shareholders in defunct payments company Wirecard who were seeking a bigger share of the firm's remaining assets.

Most emerging nations can realign trade to weather US tariffs, report finds

Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed,

California revokes 17,000 commercial driver's licenses for immigrants

California state officials say they plan to revoke 17,000 commercial driver’s licenses given to immigrants after discovering the expiration dates went past when the drivers were legally allowed to be in the U.S. The announcement follows harsh criticism from the Trump administration about California and other states granting licenses to people in the country illegally

German crackdown pushes Dutch ATM bandits towards Austria

For years, it was a common occurrence: Dutch bandits would drive to Germany and in the dead of night blow up ATMs, grab cash and speed back home on the Autobahn. 

Australia's green energy push, Pacific ties face setback from COP31 impasse

Australia risks undermining efforts to establish itself as a leader in the green energy transition and letting down its

UK housing market slows as confidence falls ahead of budget, RICS survey shows

Britain's housing market lost steam last month as demand faded from buyers concerned about possible

Airbnb turns to Spain's villages as cities tighten rules

Vacation rental firm Airbnb will invest in the promotion of inland towns across Spain over the next three years to tap into rural tourism, as major cities restrict short-term rentals

US proposal to halve biosimilar development costs for India's Biocon, top exec says

India's Biocon expects a 50% drop in costs for developing complex biosimilars as the United States has proposed to ease clinical testing for the drugs that make up more

ACS, BlackRock to seal $27 billion data centre deal, report says

Spain's ACS is close to striking a 23 billion euro ($26.8 billion) partnership with BlackRock's Global Infrastructure Partners to develop data centres, newspaper Expansion reported

Iran's dual reality: As veil restrictions ease, political crackdown deepens

On Tehran's bustling streets, signs of change are unmistakable.

German companies abroad are more optimistic than those at home, survey shows

Confidence among German firms outside Germany is rising significantly while it remains subdued among those at home, a survey by the association of German Chambers

UK economic growth disappoints in Q3 as JLR cyberattack hits

Britain's economy barely expanded in the third quarter, held back by September's cyberattack on Jaguar Land Rover, according to data on

Italy’s Bending Spoons ready for IPO, warns of AI bubble

Italian tech company Bending Spoons could list as early as next year, when it expects to double adjusted earnings after buying video streaming platform Vimeo and web

Vietnam's plan to ease high-tech subsidies worries South Korean investors 

South Korean companies, including Samsung Electronics, are worried about Vietnam's plan to reform incentives for the high-tech sector, warning it could lead to

GE Vernova, Siemens Energy in talks to supply gas turbines for Syria reconstruction, sources say

U.S. firm GE Vernova and Germany's Siemens Energy are in talks to supply gas turbines to a $7 billion project aiming to rebuild

Trump's decision that the US boycott the G20 summit is 'their loss,' South African president says

South Africa's leader says that U_S_ President Donald Trump’s decision that the United States government boycott the Group of 20 summit next weekend is “their loss."

President Trump signs bill to reopen government, ending longest shutdown in US history

President Trump signs bill to reopen government, ending longest shutdown in US history

Taiwan economy could grow close to 6% this year, statistics chief says

Taiwan's economy could grow close to 6% this year given the unexpected strong performance in the third quarter, the head of the statistics agency said on Thursday, as the island

Backwater to breakout: Investors pivot to Australian small caps as blue-chip premiums bite

Long overlooked as the backwater of the Australian equity market, small-cap stocks are having their best run in over a decade due to strong earnings and growth

New Zealand beefs up ties with Niue amid Cook Islands row

New Zealand said on Thursday it would strengthen economic and diplomatic ties with Niue, a self-governing island nation in "free association" with it, after their leaders met in

Bank of Japan aims for wage-driven inflation, aligns with government view

Bank of Japan Governor Kazuo Ueda said the central bank is aiming for moderate inflation accompanied by wage rises and economic improvement, signalling that its goal

Japan's wholesale prices rise more than expected on sticky food inflation

Japan's wholesale prices rose more than expected in October as the cost of rice and other food remained stubbornly high, data showed on Thursday, keeping pressure on

How each House member voted on ending the government shutdown

How each House member voted on ending the government shutdown

Russia's Lavrov: We hope Washington will take no steps to escalate Ukraine conflict

Russian Foreign Minister Sergei Lavrov said in an interview published late on Wednesday that he hoped Washington would take no actions liable to escalate the Ukraine conflict.

Australia's jobs roar back in October, rate cut prospects tumble

Australian employment surged in October as firms took on more full-time workers, pulling the jobless rate down from a four-year high and bolstering a growing view that

Venezuelans voice uncertainty, fear and skepticism after arrival of US aircraft carrier in region

Venezuelans voice uncertainty, fear and skepticism after arrival of US aircraft carrier in region

Fed split deepens as Collins says she would hesitate to support another cut

Boston Federal Reserve President Susan Collins, who voted for both of the Fed's policy-rate reductions this year, said on Wednesday she sees a "relatively high bar" for

Waymo launches robotaxi freeway service in San Francisco, LA, Phoenix

Alphabet's Waymo said on Wednesday it will begin offering robotaxi rides that use freeways across San Francisco, Los Angeles, and Phoenix, as it steps up expansion amid competition in the

All 14 victims identified from fiery UPS cargo plane crash in Louisville

A grandfather and his young granddaughter

FanDuel owner cuts profit forecast, to launch event contracts next month

Flutter, the world's largest online betting company, sharply cut its full-year profit growth forecast on Wednesday, primarily due to another long winning streak by gamblers that

Wall Street mixed, shutdown (almost) nixed

U.S. tech shares stumbled again but the Dow climbed to a new high on Wednesday as investors geared up for an end to the U.S. government shutdown, while

Edgewell divests unit behind Stayfree, Playtex to Sweden's Essity for $340 million

Edgewell Personal Care has agreed to sell its North American feminine care business, which includes the likes of Stayfree sanitary napkins, to Swedish health and hygiene firm Essity for $

Banco do Brasil cuts 2025 net income outlook as farmer defaults surge

Brazilian state-run lender Banco do Brasil on Wednesday lowered its outlook for adjusted net income this year, citing higher funding expenses and rising

Ex-Twitter CEO Agrawal's AI search startup Parallel raises $100 million 

AI startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million to build web search infrastructure for artificial intelligence agents and

US Senate to hold hearing on government shutdown impact on aviation safety

A U.S.

EU aims to accelerate crackdown on cheap Chinese parcels, FT reports

The European Union has called for a bloc-wide handling fee on small packages ordered online from platforms such as Shein, Temu and Alibaba to be imposed in early 2026, over two years

COP30 Indigenous protesters defend summit incursion as climate talks roll on

Indigenous protesters on Wednesday defended charging the gates of Brazil's COP30 climate summit and clashing with

Trump eyes more domestic travel to tout economic agenda, affordability

U.S.

Cisco raises annual forecast on AI-driven demand for networking gear

Cisco Systems raised full-year forecast for profit and revenue on Wednesday, betting on robust demand for its networking equipment driven by multi-billion-dollar data center

Relentless rise in carbon pollution from fossil fuels slightly dampens climate-fighting hopes

Scientists report that emissions from fossil fuels rose by 1.1% in 2025, marking the second consecutive year of a small increase

New York Fed's Perli encourages use of Standing Repo Facility to deal with liquidity needs

By Michael S.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

The White House's list of 37 donors to President Donald Trump's $300 million ballroom project includes crypto billionaires, powerful financiers, tobacco companies, tech giants, media companies, longtime Republican donors and several of the president’s neighbors in Florida

Chevron says it expects upside to current estimated oil resource in Guyana

Chevron said on Wednesday it expects that a prolific oilfield in Guyana could hold more than the current estimate of 11 billion barrels of oil equivalent in

Volkswagen says Rivian JV tech could extend to combustion cars in future

Volkswagen Group said on Wednesday the technology it is developing with U.S. electric-vehicle maker Rivian Automotive could eventually be used in

Anthropic, Microsoft announce new AI data center projects as industry's construction push continues

Anthropic has announced a $50 billion investment in computing infrastructure, including new data centers in Texas and New York

Record number of subprime borrowers miss car loan payments in October, data shows

The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back

White House says some economic data impaired by government shutdown

The White House said on Wednesday that October jobs and inflation data reports might never be released as a consequence of the government shutdown.

Fed's Miran repeats call for less restrictive monetary policy

Federal Reserve Governor Stephen Miran on Wednesday repeated his view that data showing inflation running above 2% is backward-looking and should not be taken at face value, and again

Citi ratchets up Venezuela debt bets as US pressure on Maduro builds

Venezuela's bonds could be worth 30%-60% more than at present if building U.S. pressure on President Nicolas Maduro ends up paving the way for what could be the world's biggest-ever

Hassett will stay in White House job if not chosen for Fed chair

White House economic adviser Kevin Hassett said on Wednesday that he would be able to get to work quickly as Federal Reserve chair due to his experience at the U.S. central bank,

Novo Nordisk CEO signals new appetite for risk in obesity deals

When Novo Nordisk CEO Mike Doustdar learned in late September that Metsera had accepted a $7.3 billion rival bid from Pfizer, he was not

US Labor Department urged to prioritize November employment, CPI data post-shutdown

The U.S.

A flotilla kicks off the People's Summit for activists at UN climate talks

As United Nation climate talks get underway in Belem, a different kind of conference is kicking off: the People’s Summit, a gathering of activists, organizers, environmentalists and Indigenous groups from around the world

Dayforce shareholders back Thoma Bravo's $12.3 billion take-private deal

Dayforce said that it has received an overwhelmingly positive stockholder vote for a proposed $12.3 billion buyout of the HR software provider by Thoma Bravo, a month after its largest

Italy seeks faster introduction of EU levy on low-value parcels

The European Union needs to adopt "strong and fast" rules against the invasion of cheap and unregulated products, Economy Minister Giancarlo Giorgetti said on Wednesday.

Bank of Canada governors agreed to look through choppy inflation, minutes show

Ahead of the Bank of Canada's rates decision on October 29, Governing Council decided to look

Brazil foreign minister meets Rubio to assess tariff talks, source says

Brazilian Foreign Minister Mauro Vieira met with U.S.

White House says Trump hopes to sign bill Wednesday night to end shutdown

U.S. President Donald Trump hopes to sign the bill Wednesday night to end the government shutdown, White House Press Secretary Karoline Leavitt told a press conference.

UK PM Starmer's authority shaken as rift with Labour lawmakers deepens

On the eve of a visit to London by U.S.

South Sudan president sacks powerful vice president Bol Mel

South Sudan President Salva Kiir on Wednesday dismissed Benjamin Bol Mel as vice president and deputy leader of the ruling party, according to a decree read on state television,

More Americans are unhappy with the way Trump is managing the government, AP-NORC poll shows

A new AP-NORC poll finds U.S. adults’ opinions of how President Donald Trump is managing the federal government have dropped sharply since early in his second term, highlighting the risks posed by the government shutdown and his efforts to reshape the federal workforce

Denver turns asphalt into gardens to reduce flooding and reinvest in neighborhoods

Denver turns asphalt into gardens to reduce flooding and reinvest in neighborhoods

US Treasury issues Iran-related missile and drone sanctions

The U.S. on Wednesday sanctioned individuals and entities in several countries related to their support of Iran's ballistic missile and drone production, in the latest attempt to pressure

Czech president tells prime minister hopeful Babis to show how he will end conflicts of interest

Czech election winner, billionaire Andrej Babis, must tell the public how he will eliminate conflicts of interest stemming from his business activities before he is appointed prime

US issues sanctions against Myanmar armed group over scams

The United States on Wednesday imposed financial sanctions on a Myanmar militia group for supporting a cyber scam operation that targeted Americans from territory it controls.

Chile's Latam Airlines cancels 173 flights due to pilot strike

At least 173 flights have been canceled and 20,000 passengers affected after pilots for LATAM Airlines went on strike, the company said on Wednesday. 

Fed's Bostic favors no change in rates while inflation remains greater risk

Atlanta Federal Reserve President Raphael Bostic on Wednesday said he favors leaving interest rates where they are until there is "clear evidence" that inflation is moving back to the U.S.

Delta sees strong current quarter despite flight disruptions

Delta Air Lines expects to have a strong fourth quarter despite flight disruptions caused by the federal government shutdown, the carrier's CEO Ed Bastian told CNBC on Wednesday.

UNC Board of Trustees rejects proposed tuition increase for in-state undergraduates

UNC Board of Trustees rejects proposed tuition increase for in-state undergraduates

Disney extends CFO Johnston's employment contract

Walt Disney has extended the employment contract of CFO Hugh Johnston by about two years as the media company undertakes a sweeping overhaul of its operations, with a renewed focus on its

India approves $5.1 billion package for exporters after US tariffs hit

India's cabinet has approved spending 450.6 billion rupees ($5.1 billion) on support for exporters, including 200 billion rupees in

Anthropic to invest $50 billion to build data centers in US

AI startup Anthropic said on Wednesday it would invest $50 billion in building data centers in the U.S., the latest multi-billion-dollar outlay in the industry as companies race to expand

Bessent says he will adjust US Treasury debt auctions gradually, safeguard stability

U.S.

Toyota opens US battery plant, confirms $10 billion investment plan

Toyota Motor said on Wednesday it had begun production at its $13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest $

With their government contracts in limbo, small businesses await a historic shutdown's end

The end of the longest U.S. government shutdown in history would be a relief for small businesses that depend on federal contracts or funding

Kazakhstan follows Russia in banning ‘LGBTQ propaganda’

Kazakhstan follows Russia in banning ‘LGBTQ propaganda’

How Mike Waltz is leading the Trump administration's 'a la carte' approach to UN funding

The new U.S. ambassador to the United Nations has been making the case that the United States will no longer be footing the bill the way it has since the world body’s founding eight decades ago

Future of nation’s energy grid hurt by Trump’s funding cuts

Many of the canceled grants were investments in the science and infrastructure necessary to keep the lights on in coming years, especially when the grid is under stress.

Mexico's Cemex beats estimates in third quarter on higher prices, cost cuts

Mexico's Cemex beat estimates to post a 19% jump in third-quarter core earnings as it boosted prices and benefited from cost-cutting measures.

Japan industry minister: Japan automakers' robust US investments to continue

Japanese industry minister Ryosei Akazawa said on Tuesday that automakers in Japan will continue their robust investments in the United States.

Bank of England to hold rates this quarter and resume cutting early 2026: Reuters Poll

The Bank of England will keep interest rates at 4.00% at its November meeting, and a small majority of economists polled by Reuters now expect no further policy

Novartis could expand direct-to-patient sales in US, CEO says

Swiss drugmaker Novartis is exploring options to add more medicines to its direct-to-patient platform that is expected to launch in the U.S. on November 1, CEO Vas

Favorable rate outlook, FX stewardship spur record high foreign ownership of India bonds

Foreign ownership of Indian government bonds touched a record high, with investors prizing their diversification value and potential for gains with more rate cuts

MSCI reports third-quarter profit rise on robust demand for index products

Index provider MSCI reported a rise in third-quarter profit on Tuesday, as improved client spending drove up demand for its index products and analytics services.

Trump heaps praise on Japan's first female leader, signs rare earths deal

U.S.

Solar storms have influenced our history – an environmental historian explains how they could also threaten our future

From communications outages to a brush with nuclear war, solar events like flares and coronal mass ejections have shaped human history.

Trump is soon expected to announce his Fed chair pick. Here’s who’s who on the short list

Trump is soon expected to announce his Fed chair pick. Here’s who’s who on the short list

Trump bonds with Japan's new prime minister and says her nation is delivering on US investments

President Donald Trump spent his day in Japan bonding with new prime minister, Sanae Takaichi, taking her with him as he spoke to U.S. troops aboard an aircraft carrier

Russian oil company Lukoil to sell international assets in response to Trump sanctions

Lukoil is selling its international assets in response to U.S. sanctions

Euro zone banks tighten credit access on trade risks, ECB survey shows

Euro zone banks unexpectedly tightened access to corporate credit in the third quarter, with German lenders leading the way on fears over the economic outlook and tariffs, the

Bank of China Q3 profit rises 5.09% from year earlier

Bank of China reported net profit rose 5.09% in the third quarter from a year earlier, a filing showed on Tuesday.

Italy business and consumer sentiment rise in October, beating forecasts

Italian business and consumer sentiment rose in October, data showed on Tuesday, beating analysts' forecasts in a boost for the euro zone's third-largest economy.

WTO Chief calls for reform of consensus rule amid trade disruption

The head of the World Trade Organization (WTO) on Tuesday called for reforms of the 30-year-old institution, highlighting its consensus rule that requires unanimous agreement among members

Amazon just cut 14,000 jobs, and it’s not done

Amazon just cut 14,000 jobs, and it’s not done

Market liquidity concerns cloud end of Fed's balance sheet drawdown

By Michael S.

Germany's SAP mulls new bid for software firm BlackLine, source says

SAP, Europe's largest software provider, offered to buy accounting software firm BlackLine for nearly $4.5 billion in June but was rebuffed and is now considering a new

Japan heavyweights including SoftBank eye role in $550 billion US investment package

Around 20 companies from Japan and the U.S. have expressed interest in projects that could contribute to Tokyo's commitment to invest $550 billion in the United States as part of a

What's on the agenda for US-Japan talks?

The U.S. and Japan revealed some 20 companies interested in projects relating to key areas like critical minerals and AI during talks between President Donald Trump and Prime Minister Sanae

US Senator Sanders challenges Bezos, Amazon on automation's job impacts

U.S.

Federal Reserve likely to cut key rate Wednesday and may signal another cut to follow

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring

Japan PM Takaichi plans to recommend Trump for Nobel Peace Prize, White House says

Japanese Prime Minister Sanae Takaichi will nominate U.S.

Euro zone consumers maintain benign inflation view, ECB survey shows

Euro zone consumers have lowered their inflation expectations for the next year and kept unchanged their view further ahead, indicating that price growth is no longer a major

US to continue dominating global investment flows, finance executives say

The United States will continue to draw the vast majority of investment flows and the risks of a slowdown in the world's largest economy are overblown,

Nomura quarterly profit dips on higher taxes, despite record equity trading

Japan's largest brokerage and investment bank, Nomura Holdings, reported a 6% drop in second-quarter net profit on Tuesday, hurt by a higher effective tax bill despite

HSBC lifts income outlook, though Madoff lawsuit charges mar profit

HSBC Holdings boosted its income outlook and vowed to shift into growth mode with its takeover of Hang Seng Bank in Hong Kong, despite a

UnitedHealth lifts 2025 profit forecast, CEO eyes growth in 2026

UnitedHealth on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check, sending its shares

NBA-League reviewing policies after federal gambling charges rock NBA

The NBA is reassessing how sports betting is regulated and how leagues can best protect themselves, players and fans in the wake of a player and coach being arrested in

UK faces bigger than expected cut to productivity forecast, sources say

Britain's budget watchdog is expected to cut a key productivity forecast by a larger-than-expected 0.3 percentage points, people familiar with the situation said,

New York and California are taking on the NIMBYs

New York and California are taking on the NIMBYs

BYD's mini-car ambitions may be a wake-up call for Japan 

BYD's Japanese mini-car will not go on sale until the end of next year, but it has already created buzz - at least among

SK Group chairman says rapid growth for AI data centres creating bottlenecks

The explosive growth in artificial intelligence data centres is creating "bottlenecks" for chips and other key supplies, SK Group Chairman Chey Tae-won

German consumer sentiment falls in November amid income expectations slump, survey finds

Consumer sentiment in Germany is expected to deteriorate further heading into November, weighed down by sharply declining income expectations, a survey showed on Tuesday.

Investors anticipate new wave of Argentine reforms after Milei's midterm victory

After riding a wave of market gains for most of the first two years of Argentine President Javier Milei's government, investors expect him

Barclays snaps up US loan firm Best Egg for $800 million

Barclays will buy U.S. personal loan originator Best Egg for $800 million, the British bank said on Tuesday, as it tries to add scale in its

Taiwan plays down abandonment concerns ahead of Trump-Xi meeting at APEC

Taiwan Foreign Minister Lin Chia-lung said on Tuesday that he was not worried that U.S.

South Korea's hopes for Asia-Pacific forum take backseat as Trump and Xi come to town

After weeks of frantic negotiations, South Korea's hopes of a breakthrough on U.S. tariffs ahead of this week's Asia-Pacific leaders' meeting are fading,

Hong Kong home prices grow for sixth month in September, up 1.3%

Home prices in Hong Kong grew 1.3% in September from August, marking the sixth consecutive month of increases, government data showed on Tuesday, supported by improved sentiment.

What is APEC? Asia-Pacific leaders to gather in South Korea

Leaders from 21 Pacific Rim economies will gather this week in Gyeongju, South Korea, for the Asia-Pacific Economic Cooperation, or APEC, forum.

Australia's Domino's Pizza denies report of Bain Capital takeover bid

Domino's Pizza Enterprises on Tuesday denied receiving a takeover proposal from Bain Capital after a report said the private equity firm was looking at buying the whole or part of the

Japan, US eye investments involving Mitsubishi Heavy, source says

Japan and the United States are preparing a fact sheet on potential investment projects in the U.S., involving Japanese firms such as Mitsubishi Heavy Industries, a

Of baseball, golf and Nobel prizes

A look at the day ahead in European and global markets from Wayne Cole. U.S.

Indonesia to allow central government to lend to local authorities and state companies

Indonesia has drawn up new rules that will allow the central government to lend to local authorities and state-owned enterprises in order to support the country's development

Billionaire Bill Gates calls for climate strategy pivot ahead of COP30

Billionaire investor and philanthropist Bill Gates called on world leaders on Tuesday to adapt to extreme weather and focus on improving health outcomes rather than

Citi to tie up with Coinbase to boost digital payments for institutional clients

Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the U.S. bank's institutional clients, to expand the offering to global clients in

Global M&A activity up 10% in first nine months of 2025, study shows

Global mergers and acquisitions activity grew 10% in the first nine months of 2025 compared with the same period last year, extending a gradual recovery despite uncertainty over U.S.

Investors managing $11.5 trillion urge food companies to diversify away from animal proteins

Investors managing $11.5 trillion in assets are calling on major food companies and retailers to diversify into more plant-based protein sources to enhance supply

Primark seizes US opportunity as Trump hits online rivals

Primark is accelerating its U.S. store openings and ramping up marketing, betting that President Donald Trump's move to scrap a duty exemption on e-

As Trump-Xi trade talks near, investors turn to history as a guide

Investors are heading into this week's trade talks between the U.S. and Chinese leaders with a sense of deja vu, excited by the

US Treasury's Bessent calls for 'sound' monetary policy in Japan

U.S.

UK shop prices fall for first time since March, retailers say

British retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween

China urges joint efforts with Japan, South Korea, ASEAN in science and tech

China has called on its neighbours Japan, South Korea, and ASEAN countries to make greater efforts in science and technology, including carrying out joint scientific and

Japan's new economy minister says weak yen has benefits to growth

Japan's new economic revitalisation minister, Minoru Kiuchi, said on Tuesday a weak yen has benefits to the economy and its demerits could be addressed by swiftly

CSL delays spin-off, cuts profit outlook as US vaccination rates slide

Australian biotech CSL has cut its profit outlook and delayed plans to spin off its vaccine division, blaming an unprecedented fall in U.S.

Putin says 'everything going to plan' with North Korea

Russian President Vladimir Putin asked North Korean Foreign Minister Choe Son Hui during talks in the Kremlin on

South Korea's president faces high-stakes diplomacy at APEC summit

South Korea’s new president is hosting the Asia-Pacific Economic Cooperation summit, bringing together leaders from 20 countries, including the United States and China, whose leaders are set to hold a high-stakes meeting on the sidelines

In AP interview, East Timor's Ramos-Horta says personal diplomacy could bring Myanmar ceasefire

East Timor’s President José Ramos-Horta has expressed willingness to mediate in Myanmar’s civil war after his country joined the Association of Southeast Asian Nations

Venezuela suspends energy agreements with Trinidad after US warship arrives at island nation

Venezuela has suspended energy agreements with Trinidad and Tobago, calling the island nation's actions "hostile."

Big win in midterm vote for Argentina's President Milei boosts markets and vindicates Trump

Argentine President Javier Milei has hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms

Russia's Lukoil says it plans to sell international assets due to Western sanctions

Russia's second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States.

Cadence forecasts fourth-quarter profit below estimates as US-China trade tensions weigh

Cadence Design Systems forecast fourth-quarter profit just shy of market estimates on Monday, as Sino-U.S. trade tensions threaten to hurt demand for its chip design software from key

Tunisia imposes one-month suspension on migrant-rights group

Tunisia has ordered the Tunisian Forum for Economic and Social Rights (FTDES), a prominent civil rights and migrant advocacy organization, to suspend activities for a

Trading Day: US-China relief sparks world stock melt up

A burst of optimism and relief around U.S.-China trade talks provided the rocket fuel to boost world stocks to new highs on Monday, while Argentina's

The Hartford's quarterly profit jumps on strong premium growth

Property and casualty insurance firm The Hartford reported a 41% jump in third-quarter profit on Monday, driven by robust growth in insurance premiums.

Paramount to cut 1,000 jobs in first round of layoffs, source says

Paramount Skydance will begin a major round of layoffs with about 1,000 job cuts on Wednesday, a source familiar with the matter told Reuters on Monday.

Nucor profit beats estimates on strong shipments, pricing

U.S. steelmaker Nucor reported better-than-expected profit for the third quarter on Monday, buoyed by higher product pricing and robust shipments, sending its shares up nearly 3% in

Airbus delays some A220 output, narrowing window to reach 2026 target

Airbus has pushed back the assembly of some of its small A220 jets this year and next, and may only hit its 2026 target of producing 14

FirstSun to buy First Foundation in $785 million all-stock deal

FirstSun Capital Bancorp will buy First Foundation in an all-stock deal valued at $785 million, the companies said on Monday, as mergers and acquisitions within regional banks accelerate

Putin and North Korea's foreign minister discuss strengthening ties, KCNA says

North Korea's Foreign Minister Choe Son Hui met Russian President Vladimir Putin at the Kremlin on Monday to discuss strengthening cooperation, North Korean state media KCNA said on

GlobalFoundries finance chief John Hollister departs, Sam Franklin named interim CFO

GlobalFoundries' John Hollister has stepped down from the CFO position and will be succeeded by Sam Franklin on an interim basis, the contract chipmaker said on Monday.

F5 warns breach that alarmed governments will weigh on sales, shares slide

Cybersecurity firm F5 forecast annual revenue below Wall Street estimates on Monday, warning that a recent systems breach that triggered alarm over potential risks to U.S. and UK government

Principal Financial's quarterly profit rises on higher premiums

Insurance and asset management company Principal Financial reported a rise in third-quarter profit on Monday, driven by increased premiums and stronger fee income.

Welltower boosts annual FFO forecast, unveils $23 billion senior housing expansion

Welltower raised its 2025 funds from operations forecast on Monday and announced $23 billion in deals to deepen its bet on the booming senior-housing sector demand, while pivoting away from

Brown & Brown's adjusted profit rises on fee and commission growth

Insurance broker Brown & Brown posted a higher third-quarter adjusted profit on Monday, helped by stronger commissions and fees as demand continued to rise.

NXP forecasts upbeat quarterly revenue on recovery in demand

NXP Semiconductors NV forecast fourth-quarter revenue above Wall Street estimates on Monday, as it recovers from sluggish demand and sees a rebound in the automotive segment.

Canary Capital, Bitwise to launch first US altcoin ETFs despite shutdown

Canary Capital plans to launch the first U.S. exchange-traded products tied to the litecoin and hedera cryptocurrencies on Tuesday, the firm told Reuters, forging ahead

NextEra Energy partners with Google to restart Iowa nuclear plant

NextEra Energy and Google have reached an agreement to restart an Iowa nuclear power plant shut five years ago, the companies said on Monday, in

Takaichi, Trump to sign joint document on securing rare earth minerals, Asahi says

Japanese Prime Minister Sanae Takaichi and U.S.

Rio Tinto flags uncertain future at Australia's largest aluminium smelter

Rio Tinto warned on Tuesday that Australia's largest aluminium smelter, Tomago, may be forced to shut down as it struggles to source power at commercially viable rates beyond 2028

US judge decertifies Apple app store class action

A federal judge decertified on Monday a class action by tens of millions of Apple customers who accused the company of monopolizing the market for iPhone apps by banning

Sweden's EQT bids to buy Australia's AUB Group at a $3.41 billion valuation

Australia's AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at

South Korea's Q3 GDP growth beats forecasts as spending holds up

South Korea's economy grew in the third quarter by the fastest pace in a year-and-a-half, central bank estimates showed on Tuesday, helped by strong exports and solid

Foxconn to invest up to $1.37 billion in AI compute cluster, supercomputing centre

Taiwan’s Foxconn said its board of directors has approved an investment plan to procure equipment for a AI compute cluster and a supercomputing centre, that will allow

Exonerated trader Tom Hayes sues UBS for $400 million over Libor accusations

Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for

The Latest: Trump meets with Japan’s newly elected, first female leader, Sanae Takaichi

U.S. President Donald Trump is meeting with Japan's newly elected, ultraconservative leader in Tokyo

US Department of Energy forms $1 billion supercomputer and AI partnership with AMD

By Timothy Gardner and Max A.

Catalan allies on brink of withdrawing support for Spanish government

Leaders of Catalonia's regional pro-independence party Junts agreed on Monday to withdraw support from Spain's leftist government, further complicating its ability to

LSEG partners with Anthropic to bring financial data access to Claude users

London Stock Exchange Group on Monday said it is collaborating with artificial intelligence startup Anthropic to give Claude users access to data licensed through LSEG products.

Mexico's Sheinbaum says she and Trump agreed to extend trade deadline

Mexican President Claudia Sheinbaum said on Monday she spoke with U.S.

Carbon Measures global accounting group to form independent panel

Carbon Measures, a global carbon accounting initiative backed by several big energy and multinational companies, will form an independent panel to help guide its work

Corporate concerns mount ahead of Trump and Xi talks in South Korea

Global companies have a long list of concerns around the U.S.-China trade war.

Malta cuts taxes for parents in bid to revive native birth rate

Malta announced tax cuts for parents of two or more children on Monday, in a government bid to counter its demographic decline.

Large rates market trade envisions end of Fed balance sheet unwind

A sizable block trade in the U.S. rates market late last week appeared to be positioning ahead of the Federal Reserve's expected

US floats six-month deadline for Germany to sort Rosneft issue, Bloomberg News reports

Washington has floated a six-month deadline for Berlin to sort out the ownership limbo affecting the German assets of Russian oil major Rosneft, allowing Rosneft to be temporarily exempted

Oil settles lower as OPEC plans to increase oil output

Oil prices settled marginally lower on Monday as OPEC's plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and

Ivory Coast's Ouattara secures fourth term with landslide election win

Ivory Coast President Alassane Ouattara secured a fourth term with a commanding reelection win, according to provisional results announced on Monday, an outcome that was largely

Stocks climb to record, dollar edges down on US-China trade optimism

Global stocks rallied on Monday to a fresh intraday record while the dollar eased on optimism that a potential trade deal was on the horizon between China and

TSX ends lower as price of gold drops below $4,000

Canada's commodity-linked main stock index edged lower on Monday as the price of gold pulled back below $4,000 per ounce weighing on high-flying metal mining shares.

Argentine assets cheer Milei's election victory with massive rally

Argentina's bonds, stocks and currency rose sharply on Monday after President Javier Milei's party won a decisive victory in Sunday's

Universal Health Services beats quarterly profit estimates on higher medical care demand

Universal Health Services beat Wall Street estimates for third-quarter profit on Monday, driven by steady demand for medical care services at its hospitals, sending its shares surging 6% in

Hit by AI, edtech firm Chegg slashes jobs and names new CEO in major overhaul

Educational technology company Chegg said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline operations as it works to adapt to the

Amazon targets as many as 30,000 corporate job cuts, sources say

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak

Wall St scales fresh highs on tech earnings, US-China trade optimism

Wall Street's main indexes posted record closing highs for the second day in a row on Monday as investors were hopeful about the prospects for a U.S.-

What to expect in Washington state for the Nov. 4 election

Washington state voters will decide whether to amend their constitution to allow funds from a long-term care insurance program to be invested in the stock market

Trump says Milei had 'a lot of help' from US for Argentina election win

President Donald Trump said on Monday that Argentina's President Javier Milei had a "lot of help" from the U.S. in his party's midterm election victory, after Trump's

Amazon could cut as many as 30,000 corporate jobs, reports say

Amazon could cut as many as 30,000 corporate jobs, reports say

Flight disruptions continue as air traffic controllers brace for their first full missing paychecks

A shortage of air traffic controllers has caused more flight disruptions at airports across the country

Argentina's Milei calls on moderates to support reform after strong midterm showing

Argentine President Javier Milei on Monday urged moderate opposition lawmakers to back his reform agenda during the next two years of his term, after his party

Many US criticisms of multilateral trading system are valid, says WTO chief

WTO Director-General Ngozi Okonjo-Iweala said on Monday that some of the United States' criticisms of the multilateral trading system were valid.

Rare earth miners fall as US-China truce to pause tariffs, export curbs

Shares of U.S.-listed rare earth miners slumped before the bell on Monday after Washington and Beijing reached a framework for a trade deal that could pause planned U.S. tariffs and Chinese

Berkshire cut to 'underperform' by KBW, which cites Geico, tariffs, Buffett

Berkshire Hathaway has been downgraded to "underperform" by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller

Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of

Peltz's Trian, General Catalyst make offer for Janus Henderson valuing it at $7.2 billion

Nelson Peltz's hedge fund Trian and technology investor General Catalyst have made a takeover offer for Janus Henderson valuing it at $7.2 billion,

Blackstone hires former Apollo executive to lead European private equity

Blackstone has appointed a former executive at private markets peer Apollo to head its European corporate private equity business, filling the role after the

Qualcomm announces new AI chips in data center push, shares surge

Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market

UBS applies for US banking licence in wealth management growth drive

UBS has applied for a banking licence in the United States, the Swiss bank said on Monday, underlining its desire to ramp up wealth management in the

Federal food benefits and preschool aid to run dry starting Saturday if shutdown continues

Federal funds could begin running dry on Saturday that help tens of millions of Americans buy food for their families and send their toddlers to preschool if the government shutdown persists

STORY REMOVED: US--Trump-The Latest

Please disregard US--Trump-The Latest, published on Oct. 27, 2025

Wall Street rallies to more records as gold's price slumps again

Stocks rallied to more records ahead of a week packed with potentially market-moving events

Keurig Dr Pepper lifts annual sales forecast, raises $7 billion to fund JDE Peet's deal

Keurig Dr Pepper lifted its forecast for annual sales on Monday and said it had raised $7 billion from private equity firms to finance its

UK stocks pause after recent gains; HSBC dips

London-listed stocks ended flat on Monday as investors paused after a recent rally, while HSBC slipped after the lending giant said its quarterly results will be hit after

Transportation secretary says he will pull $160M from California over noncitizen truck licenses

U.S. Transportation Secretary Sean Duffy is warning that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens

A key Trump ally won an election. It could be good news for US taxpayers

A key Trump ally won an election. It could be good news for US taxpayers

What to expect in Colorado for the Nov. 4 election

Colorado’s new free school meals program will face a key test when voters decide two statewide ballot measures that would put the program on sounder financial footing, mostly by raising taxes on high-income individuals

Trump administation narrows list of potential Federal Reserve chairs to 5

Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year

Democrats unflinching in shutdown strategy, blaming Trump with millions at risk of losing food aid

Democrats unflinching in shutdown strategy, blaming Trump with millions at risk of losing food aid

Novartis CEO defends $12 billion deal for Avidity as 'appropriate risk to take'

Swiss drugmaker Novartis on Monday defended its $12 billion deal to acquire Avidity Biosciences ahead of the U.S. firm getting late-stage data for its muscle

European shares close at record highs as signs of thaw in US-China tensions build

European shares closed at record highs for the third consecutive session as signs of easing Sino-U.S. trade tensions buoyed global risk appetite, while

China's foreign minister speaks with Rubio ahead of Trump-Xi meeting

China hopes the United States can meet it halfway to "prepare for high-level interactions" between the two countries, foreign minister Wang Yi told U.S.

Trump gets royal welcome in Japan, China trade truce hopes rise

U.S.

Tariffs anxiety prompts US importers to place spring orders early

Small importers for large U.S. retailers rushed in

US dollar slips as trade optimism boosts risk appetite

The U.S. dollar weakened against the euro, Chinese yuan and Australian dollar on Monday as optimism over a possible U.S.-China trade deal boosted risk appetite and reduced

Big Tech to report earnings under specter of AI bubble

As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble?

Republicans grapple with voter frustration over rising health care premiums

Notices of rising health insurance premiums are landing in voters’ mailboxes and sending some to town halls to vent their frustration

Wisconsin Planned Parenthood resumes offering abortions after a nearly monthlong pause

Planned Parenthood of Wisconsin has resumed offering abortions after a nearly monthlong pause due to federal Medicaid funding cuts in President Donald Trump’s tax and spending bill that took effect at the beginning of October

Bay Area restaurants, fishermen adjust as commercial Dungeness crabbing season pushed back

Bay Area restaurants, fishermen adjust as commercial Dungeness crabbing season pushed back

JPMorgan picks Perpetua Resources for $1.5 trillion security fund's first investment

Antimony and gold miner Perpetua Resources is the first investment from JPMorgan Chase's $1.5 trillion investment fund for U.S. national security, a move underscoring the

Mali suspends schools over fuel crisis, strikes deal with Russia for petroleum products

Mali has suspended school and university classes throughout the country for two weeks from Monday due to a fuel shortage, the government said late on Sunday, after al Qaeda-linked

UK retailers struggle again as budget fears weigh on consumers, CBI says

British retailers reported another drop in sales in October and they expect a further fall in November as consumers worry about finance minister Rachel Reeves' budget in a month's

Analysts raise 2026 price forecasts for platinum, palladium after 2025 rally

Analysts have sharply raised their price forecasts for platinum and palladium in 2026, citing tight mine supply, tariff uncertainty and rotation from

Annual 2026 gold price forecast tops $4,000/oz for first time: Reuters poll

Gold's winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and

Buybacks take backseat as AI drives record US capex spending

Investors are increasingly favoring U.S. companies that channel capital toward AI innovation over those offering traditional shareholder payouts such as dividends and

Japan's $550 billion package focuses on U.S. infrastructure, Lutnick tells Nikkei

U.S.

Japan, US did not directly discuss BOJ policy, Finance Minister Katayama says

Japan's new finance minister, Satsuki Katayama, said on Monday her meeting with U.S. Treasury Secretary Scott Bessent did not directly touch upon the Bank of Japan's monetary policy.

Stocks zoom on trade and inflation relief

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Trade and inflation relief are driving world stock markets sharply higher on

Pakistan central bank holds interest rate at 11% for fourth time in a row

Pakistan's central bank kept its key interest rate unchanged at 11% on Monday, it said on its website, a fourth straight hold, as recent floods had

Chicago Fed puts October unemployment rate at 4.35%, little changed from last official report

The U.S. unemployment rate remained stable at around 4.3% in October according to a Chicago Federal Reserve bank economic model that uses private data to estimate the jobless

Goldman in talks for $10 billion mandate from Kuwait, Bloomberg News reports

Goldman Sachs is in talks to secure a $10 billion mandate from Kuwait's wealth fund for its asset-management arm, Bloomberg News reported on Monday.

China fills US void at ASEAN Summit with push for trade multilateralism

China pressed on Monday for open trade and stronger economic ties at a regional summit in Malaysia dominated by the shadow of steep U.S.

Beijing, Berlin downplay tension after German foreign minister cancels China trip

China and Germany sought on Monday to downplay suggestions of rising tension between the world's second and third largest economies, after German

American Water to fortify US presence with Essential Utilities deal

American Water Works on Monday agreed to buy Essential Utilities in an all-stock deal to create a combined company worth $63 billion, including debt, strengthening its position as the top

Automakers pool with EV makers to avoid EU emissions fines

Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies.

Malaysia's Anwar calls for dialogue over coercion at East Asia summit

Malaysian Prime Minister Anwar Ibrahim has urged Asia-Pacific leaders to prioritize dialogue and cooperation over coercion and confrontation

Trump wants to cancel more funding during the shutdown. Courts have hampered his earlier efforts

President Donald Trump’s administration has canceled, or threatened to cancel, billions of dollars of previously approved federal spending and wants to go after even more funding during the shutdown

Food shelf at MSP Airport helping TSA officers during government shutdown

Food shelf at MSP Airport helping TSA officers during government shutdown

FIFA opens 2nd phase of World Cup ticket sales with exclusive slots for US, Canada, Mexico

FIFA has started selling another million tickets for next year’s World Cup

Lululemon partners with NFL to release apparel collection

Lululemon Athletica on Monday announced a partnership with the National Football League to release an apparel collection, sending shares up about 5% in premarket trading.

Musk could leave Tesla if $1 trillion pay plan is rejected, chair warns

Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package was not approved, Chair Robyn Denholm warned in a letter to shareholders on Monday.

Copper to hold gains in 2026 as mine disruptions fuel deficit: Reuters poll

Analysts have hiked their price forecasts for copper next year after a series of mine disruptions fuelled worries about shortages and market

Hungary PM Orban to discuss oil sanctions with Trump next week

Hungary's Prime Minister Viktor Orban will discuss U.S. sanctions on Russian oil companies among other issues when he meets U.S.

Albemarle to divest Ketjen control, Eurecat stake in deals worth $660 million

Albemarle said on Monday it will sell a 51% stake in its refining catalyst solutions business, Ketjen, to private equity firm KPS Capital Partners, and divest its 50% interest in the

Investor reaction to Milei's victory in Argentina midterm congressional vote

Argentina's President Javier Milei won a surprise victory in legislative elections on Sunday, boosting the libertarian leader's free-market reforms and deep austerity

Milei triumphs in Argentine midterm elections closely watched by Washington

Argentina’s libertarian President Javier Milei has won decisive victories in key districts across the country in midterm elections

Private donors gave more than $125M to keep foreign aid programs going after US cuts

Efforts to back fill some of the cuts to U.S. foreign aid by the Trump administration raised over $125 million in eight months

Auto shop offers free or discounted repairs to federal workers during government shutdown

Auto shop offers free or discounted repairs to federal workers during government shutdown

Lithium extraction in Arkansas: the potential for a booming industry

Lithium extraction in Arkansas: the potential for a booming industry

Cancer patient could lose food benefits while fighting stage 4 cancer

Cancer patient could lose food benefits while fighting stage 4 cancer

US government shutdown threatens the spending power of Congress

As Republican and Democratic lawmakers trade blame for the U.S. government shutdown, some have begun to worry that the impasse is ceding their authority over

US Navy helicopter and fighter jet crash in separate incidents in the South China Sea

US Navy helicopter and fighter jet crash in separate incidents in the South China Sea

How a tiny bug spiraled into a massive outage that took down the internet

How a tiny bug spiraled into a massive outage that took down the internet

Mazda forms EU carbon emissions pool with Changan joint venture

Japanese automaker Mazda has teamed up with its joint venture with China's Changan to pool carbon credits and help avoid carbon emissions fines, an EU document showed.

UnitedHealth investors pin turnaround hopes on new CEO

Some long-term UnitedHealth Group investors are putting their faith in the return of a CEO

Fed poised to cut rates this week, with more easing likely on tap

Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs  this week by a quarter of a percentage point for the second time this year as they look to

Missing $4K tax payment sparks months-long mystery

Missing $4K tax payment sparks months-long mystery

For Japan's new leader, the key to connecting with Trump could be a Ford F-150 truck

President Donald Trump has landed in Japan, where he'll meet new Prime Minister Sanae Takaichi for the first time

The Trump administration’s anti-immigrant housing policy reflects a long history of xenophobia in public housing

Anti-immigrant housing policies have been cast as a way for citizens to access more housing, but they fail to prevent the shortages driving the crises.

Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market