Today: October 31, 2026
Today: October 31, 2026

Economy

Business|Economy|Finance

New economic data challenges Fed chief's not-too-hot perspective

New data may challenge Federal Reserve Chairman Kevin Warsh's sense that the US economy can handle a robust expansion without stoking inflation, as a

Business|Economy|Finance|Stock Markets|US

ExxonMobil beats third-quarter profit estimates on refining boom

ExxonMobil beat Wall Street expectations for third-quarter profit on Friday, as soaring refining margins driven by the US-Israeli war on Iran and Ukrainian

Business|Economy

Trump touted a record Venezuela oil deal. Now reality is setting in

President Donald Trump called it the biggest oil deal in history: 17 Venezuelan oilfields holding

Business|Economy|Finance

India's April-September fiscal deficit at 42.1% of 2026/27 target

India's fiscal deficit in the months of April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the target for the financial year ending March,

Economy|Europe|Finance

ECB policymakers bring rate hike debate into the open

The European Central Bank may need to raise interest rates further to counter high inflation and prevent it from spiralling into wages, ECB policymakers said on Friday,

Economy|Finance|Stock Markets

Cash burnout

Markets have long been stuck in a wait-and-see mode ahead of the US midterm elections, another potential round of fighting in Iran and the latest sweep of AI

Business|Economy|Europe|Finance

Euro zone growth beats projections but headwinds mount

The euro zone economy grew faster than predicted last quarter, displaying exceptional resilience to headwinds from expensive energy, even as surging

Africa|Americas|Arts|Asia|Australia|Business|Crime|Economy|Education|Election|Europe|Finance|Lifestyle|MidEast

‘We just have to bother the crap out of these people’: How the GOP is confronting its voter enthusiasm deficit

‘We just have to bother the crap out of these people’: How the GOP is confronting its voter enthusiasm deficit

Arts|Business|Crime|Economy|Environment|World

First body retrieved from Kenyan collapsed building after weeklong search

The first body has been recovered from the rubble of a multistory building that collapsed a week ago in Kenya’s capital, with the number of people still missing standing at 16

Business|Economy|Finance|Stock Markets|Technology

Panasonic raises annual profit forecast 20%, sees strong AI demand

Panasonic Holdings raised its full-year operating profit forecast by 20% to 710 billion yen ($4.5 billion) on Friday, helped by a range of factors including stronger-than-

Economy|Sports

Puma sales, slashed inventory convince investors as Anta partnership advances

Puma reported quarterly sales slightly above market expectations and flagged a sharp reduction in its inventories on Friday, reassuring investors about the German

Arts|Business|Crime|Economy|Travel

3 killed in helicopter collision that shut down part of an Oregon highway

Authorities say two helicopters collided and crashed near a small airport southwest of Portland, Oregon, killing all three on board

Arts|Business|Economy|Finance|Science|Technology

BP beats forecasts with record profit, targets early settling of Deepwater Horizon bill

BP posted a record quarterly net profit on Friday, beating expectations as the Iran war boosted prices and refining margins, and said

Business|Economy|Finance

Midterms meet earnings

Different market themes collide in the coming week, with US midterm elections, key economic data, major tech earnings and a run of central bank meetings all set to test investors.

Business|Economy|Finance

China's big banks post fastest quarterly profit growth in years as margins stabilise

Five of China's largest state-owned banks reported quarterly profit growth of between 6% and 11%, supported by stabilising net interest

Business|Economy|Europe|Travel

Germany's Merz to relay Asian partners' protectionism concerns to Brussels

German Chancellor Friedrich Merz said on Friday he would relay to Brussels concerns voiced by key Asian trading partners that the EU's "Made in Europe" initiatives risk

Arts|Economy

ECB survey sees higher inflation in coming quarters

Euro zone inflation is expected to be sharply higher this year and next than earlier predicted, and may only return to the European Central Bank's 2% target in 2028, the

Economy|Europe

Inflation dips in key German states in October, pointing to national fall

Inflation fell in several key German states in October, preliminary data showed on Friday, suggesting Germany's national inflation rate could also decrease this month.

Arts|Business|Economy|Environment|Finance|Food|Lifestyle

Australia's Coles marks steepest fall since 2020 as rival promotions bite

Australia's Coles said on Friday heightened promotional activity from competitors hurt early second-quarter sales as cost-conscious shoppers

Arts|Business|Economy|Environment|Europe|Science|Technology|World

Yemen's Houthis deny launching drone after coalition reports interception in Mecca region

Yemen's Houthis denied launching any attack towards Saudi Arabia on Friday, after the Saudi-led coalition said it had intercepted and destroyed a drone launched by the group over

Business|Economy

Trump's tariffs fail to cut US trade deficit, IW report shows

United States President Donald Trump's economic agenda has delivered robust growth and strong investment but failed to reduce the trade deficit, according to a study by the

Business|Economy|Europe|Finance|Technology

Capgemini raises 2026 guidance as AI push brings work to IT consultants

French IT consulting firm Capgemini raised its 2026 guidance for the second time this year after its third-quarter revenue grew 12%, in the strongest signal yet that the rush to

Business|Economy|Europe

Earnings give European auto stocks respite as China reshapes the industry

Shares in Europe's traditional automakers got a boost from earnings this week, but a full recovery remains elusive as

Business|Economy|Finance

BOJ Governor Ueda's comments at news conference

The Bank of Japan kept interest rates steady on Friday, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against

Arts|Economy|Europe

UK house price growth slows to lowest since January 2024

British annual house price growth slowed to its weakest since January 2024 in October, as the impact of rising market interest rates dampened appetite from buyers, monthly

Arts|Business|Economy|Environment|Finance

China's factory activity seen flat in October: Reuters poll

China's factory activity was likely flat in October from the previous month, as the manufacturing sector continued to move at two speeds, with advanced manufacturers racing

Arts|Economy|Europe|Finance

French output shrinks and inflation accelerates, leaving economy at standstill, minister says

The French economy unexpectedly shrank in the third quarter, while October inflation accelerated to the highest level since late 2023, due to what Economy Minister Roland Lescure

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ASEAN envoy meets Myanmar minister, discusses civil war and aid access

The Southeast Asian bloc's special envoy met Myanmar's foreign minister during a visit to the country and discussed its civil war and humanitarian access, according to official

Asia|Business|Economy|Finance|Stock Markets|Technology|World

Japan's Nikkei slumps up to 3% as tech stocks tumble on AI worries

Japan's Nikkei share average dropped as much as 3% on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.

Asia|Business|Economy|Europe|Political

Germany's Merz says EU to shape better offer as global trade order comes under pressure

German Chancellor Friedrich Merz said on Friday that the European Union will take the lead in shaping a better offer when free trade and the rules-based trading order come

Business|Economy|Finance|Stock Markets

BOJ keeps interest rates steady, signals further rate hikes

The Bank of Japan kept interest rates steady on Friday, but revised up its inflation forecast and stressed anew its readiness to continue pushing up borrowing costs to

Arts|Business|Economy|Finance|Technology

Coinbase returns to profit as crypto investment gains offset trading weakness (Oct 29)

Cryptocurrency exchange Coinbase Global returned to

Business|Economy|Finance

Analysts react to BOJ decision to keep rates steady

The Bank of Japan kept interest rates steady on Friday, but revised up its inflation forecast and stressed anew its readiness to continue pushing up borrowing costs to forestall

Arts|Business|Economy

Singapore third-quarter layoffs at highest level since 2020

Singapore's retrenchment rate in the third quarter of 2026 hit its highest level since the height of the COVID pandemic in late 2020, driven by business reorganisations,

Arts|Economy|Europe|Science|Technology

China trade accord with Swiss bucks wider trend towards protectionism

When Chinese President Xi Jinping meets his Swiss counterpart, Guy Parmelin, on Friday, the two will be marking one of the most favourable

Arts|Business|Economy|Environment|Technology

GM to pay $220 million to settle allegations it violated drivers' privacy

General Motors will pay $220 million to settle allegations that it illegally sold drivers' private behavior and location data to brokers, who then sold the

Arts|Asia|Business|Economy|Europe|Finance|Stock Markets|World

Tokyo core inflation exceeds BOJ target in October

Annual core inflation in Japan's capital well exceeded the central bank's 2% target in October, data showed on Friday, highlighting mounting price pressure

Business|Economy|Technology

Reddit puts logged in experience first as Google AI hits traffic

Reddit CEO Steve Huffman outlined a plan on Thursday to mandate sign-ins for most content to deter data scraping on the social media platform after he blamed

Business|Economy|Finance|Technology

Microsoft expects to raise $25 billion in US bond sale, sources say

Microsoft is planning to raise about $25 billion through its first US investment-grade bond sale in more than nine years, two sources familiar with

Business|Economy|Environment|Lifestyle|Science

Japan's beleaguered shoppers are a worry for convenience stores and the economy

Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work.

Business|Economy|Finance|Technology

Binance flags 'potential security issue,' says approximately $6.3 billion impacted

Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that appears to be a hack

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Justice Department subpoenas California officials in escalation of its scrutiny of elections

The U.S. Justice Department has issued subpoenas to California officials in an escalation of its scrutiny of local election administration

Business|Economy|Finance|Science|Stock Markets|Technology

Shares of Google’s parent company just had their worst day ever. Here’s what it means

Shares of Google’s parent company just had their worst day ever. Here’s what it means

Business|Economy|Finance|Health|Science|Technology

Gilead hikes 2026 sales outlook, says Medicare cuts Biktarvy price by 38% starting in 2028

Gilead Sciences hiked its full-year sales outlook on Thursday and reported third-quarter product sales rose 13%, driven by a double-digit percentage jump for its

Business|Economy|Finance|Technology

Intel shares tumble after hours, hit by chip supply constraints, big cash burn 

By Anhata Rooprai and Max A.

Economy|Political

Colombia government proposes steep spending cut as fiscal woes deepen

Colombia's government on Thursday submitted to Congress a sweeping fiscal reform bill aimed at cutting public spending by about 15%, raising revenue through

Arts|Economy|Technology|Travel|World

Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road

Kim Min-seon bought an electric vehicle from China's BYD in July. The questions came swiftly.

Business|Economy|Finance

FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing (Oct 29)

FedEx Freight forecast earnings for the crucial holiday

Economy|Finance

Private equity, data centers in crosshairs of US Senate Democrats, aide says

US Senate Democrats plan to launch investigations into an array of issues, ranging from private equity’s impact on living costs to

Business|Economy|Finance|Technology

Amazon sinks as AI spending eclipses fastest cloud growth in five years

Amazon.com on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital

Arts|Business|Economy|Finance|Technology

Amazon offers cautious view after disappointing 3Q results but delivers strong cloud growth

Amazon offered a cautious sales outlook for the current fourth quarter that encompasses the critical holiday shopping period after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations

Business|Economy|Sports

MLB's 2027 season threatened with lockout looming when labor deal expires Dec. 1

Major League Baseball might face a long pause following the Milwaukee Brewers' first World Series title

Business|Economy|Finance|Stock Markets

World's oldest bank fights for its future as Italian rival nears takeover

Monte dei Paschi di Siena looked set to lose its independence after more than 550 years, with its attempt to fend off Italy's biggest bank having

Business|Economy|Finance

Brazil debt climbs to $1.8 trillion as interest costs surge

Brazil's public debt rose nearly 1% in September, driven largely by interest costs, Treasury data showed on Thursday, as interest expenses continued to drive debt

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US promises tariff relief in talks with Audi on Georgia plant, sources say

US President Donald Trump's administration has promised tariff relief to Volkswagen's luxury unit Audi to help secure its $4

Business|Economy|Finance|Technology

Trading Day: Communication breakdown

The big three US stock indices fell on Thursday, despite weaker oil prices, lower bond yields and upbeat economic growth data, as a record fall

Business|Economy|Finance|Food|Stock Markets

Mondelez tops third-quarter profit estimates on easing cost pressures

Cadbury parent Mondelez International beat Wall Street expectations for third-quarter profit on Thursday, supported by favorable cocoa prices and higher pricing

Business|Economy|Finance

Starbucks sees annual profit above estimates as turnaround gains traction

Starbucks forecast annual profit above Wall Street expectations on Thursday and unveiled a $1 billion share repurchase plan, signaling

Business|Economy|Finance|Technology

A historic drop for Alphabet's stock drags the US market lower

A historic drop for Alphabet's stock dragged the U.S. stock market lower

Economy|Political|US|World

Trump says Canada has been treating the US very nicely

US President Donald Trump, who has been engaged in a tariff war with Canada, on Thursday told a rally that Canada has been "treating us extremely nicely

Business|Economy|Finance

Brazil interest burden climbs to 9% of GDP, highest since 2016

Brazil's interest bill rose to 8.99% of gross domestic product in the 12 months through September — a level not seen since January 2016, when the country was mired in a

Business|Economy|Finance|Science|Technology

Equities and bond yields dip with AI jitters and economic data in focus

Wall Street equity indexes dipped on Thursday as AI jitters offset some encouraging economic data while Europe's stocks rallied as

Business|Economy|Environment|Science

Soy, rare earths and fuels: how Brazil vote impacts the global flow of resources

Brazil's surprising reelection of leftist President Luiz Inacio Lula da Silva will have implications for the global flow of commodities from the

Economy|Finance

UK will reduce 'unsustainable' welfare costs, Healey says

British finance minister John Healey said the government would reduce spending on welfare benefits as he sought to address one of the

Business|Economy

US shipper costs hit five-year high, even as demand stalls, US Bank data shows

US shippers in the third quarter paid the most to move freight since 2021, after soaring diesel prices due to the US and Israeli war on Iran and a

Economy|Education

Priced out: Milan's cost of living drives away teachers

Massimiliano Matteri, a 49-year-old teacher from Dongo, a small town on Lake Como, was thrilled when he landed a full-time job at a secondary school in

Economy

Oil prices settles lower as diplomacy hopes offset some Mideast supply concerns

Oil prices fell on Thursday in a choppy session as hopes for peace talks between the US and Iran offset some concerns over Middle East supply

Business|Economy|Finance|Stock Markets|Technology|US

Wall Street ends lower as Alphabet revenue miss revives AI capex jitters

US stocks slid on Thursday, with investors reassessing big tech's massive AI spending spree as they digested high-profile earnings and

Business|Economy|Europe|Political

European Central Bank head resigns, allowing EU leaders to choose successor before French election

European Central Bank President Christine Lagarde will resign nine months before her term ends

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Police chief says shooting outside Virginia GOP offices has nothing to do with election

Police say a shooting outside the Republican Party of Virginia offices in Richmond Thursday is unrelated to the upcoming midterm elections

Economy|Health|Political

Judge blocks Trump administration's Medicaid rule forcing sick recipients to prove frailty

A federal judge has ruled that chronically ill people on Medicaid won’t be bound by new work requirement rules that the latest Trump administration guidance requires in order to qualify for “medically frail” exemptions

Business|Economy|Finance

IMF says Federal Reserve is 'appropriately' keeping close eye on data

The US Federal Reserve is appropriately keeping a close watch on US economic data as it shapes its monetary policy, the International Monetary Fund said

Business|Economy|Finance|Health

Lilly's obesity drug strength fuels record rally, Wall Street optimism

Eli Lilly shares surged to a record high on Thursday, as sales of blockbuster weight-loss injections helped the drugmaker beat quarterly profit expectations and raise its full-year

Asia|Economy|Europe|Political

Spain reckons with second deadly train crash of the year ahead of national election

Spain faces fresh concerns about rail safety after a second high-speed train crash this year killed 69 people

Business|Economy

Venezuela to offer state assets to private sector, Rodriguez says

Venezuela's interim President Delcy Rodriguez said on Thursday the government has made progress identifying state assets to offer to the private sector and former owners, a move

Arts|Economy|Europe|Finance

Euro edges up versus dollar after ECB holds rates

The euro edged higher on Thursday after the European Central Bank kept interest rates unchanged, while the dollar eased against

Business|Economy|Technology

Wall Street ends lower as Alphabet revenue miss revives AI capex jitters

US stocks slid on Thursday, with investors reassessing big tech's massive AI spending spree as they digested high-profile earnings and

Americas|Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets

Mastercard caps strong quarter for card giants as consumer spending holds up

Mastercard on Thursday rounded out a strong quarter for payment networks with a profit beat, as consumer spending held up despite worries over

Business|Economy|Finance

Crocs shares surge on raised forecast as HEYDUDE turnaround gains traction

Crocs' shares surged about 27% on Thursday after the footwear maker raised its full-year forecasts, betting on a sustained recovery at its HEYDUDE brand and steady demand for its

Business|Economy|Election|Political

Animal welfare-focused farm group targets Republicans in rural races

A lobbying group that says it represents farmers and meat companies is helping to fund $3 million in attack ads against Republicans in some of the most

Business|Economy|Finance|Science|Technology

Wall Street's AI bet: Own the infrastructure, collect the rent

Wall Street's top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking in rent through

Arts|Economy|Education|Entertainment|Europe|MidEast

Exxon, Chevron cancel executive trips to UAE's ADIPEC, sources say

US oil firms ExxonMobil and Chevron have cancelled plans for their executives to travel to the United Arab Emirates' biggest oil show next week, citing security concerns, two

Business|Economy|Technology

DoorDash offers $17 billion for Instacart in what would be a big consolidation for grocery delivery

DoorDash is offering $17 billion to buy Instacart to supercharge its grocery delivery business in what would be a big consolidation in grocery delivery

Business|Economy|Finance|Technology

What to consider if a company that made AI-related job cuts wants you back

Companies have been slashing jobs to invest in artificial intelligence, raising anxiety among workers who fear they may lose their livelihoods to machines

Economy|Environment|Health|Political

US lawmakers urge Trump administration to oppose Colombia's Amazon aerial spraying plans

A group of U.S. lawmakers is urging Secretary of State Marco Rubio not to support Colombia’s plans to restart aerial spraying of coca crops in the Amazon, warning of risks to human health and the environment

Business|Economy|Finance

The average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month.

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month

Arts|Asia|Economy|Europe|MidEast

Central banks take a breather, though more hikes are to come

Major central banks took a break from interest rate rises this week, but they are by no means done, with energy prices near multi-

Business|Economy|Europe|Political

ECB's Lagarde resigns early so she can speak freely on topics beyond monetary policy

European Central Bank President Christine Lagarde said on Thursday she had decided to step down eight months before her term was due to expire so that she can speak more

Arts|Economy|Europe|Finance|World

ECB flags December hike but sees yield rise hitting growth

The European Central Bank left interest rates unchanged in a well-telegraphed move on Thursday but clearly hinted at another hike

Business|Economy|Finance

Robust consumer spending, AI-related investment power US economy in third quarter

The US economy grew at its fastest pace in a year in the third quarter, shrugging off higher oil prices stemming from the conflict in the Middle East

Business|Economy|Europe|Finance

ECB governors see December hike likely followed by pause, sources say

European Central Bank policymakers expect to increase interest rates in December to fight high, energy-led inflation and then pause as a rise in bond yields is set to

Business|Economy|World

IMF aims for Egypt's last program review to be cleared by mid December

The International Monetary Fund said on Thursday its current mission to Egypt aims to reach a staff-level agreement and bring it to its executive board for approval before mid-

Arts|Business|Economy|Technology

Cash is king, as investors draw new battle lines in AI spending boom

Cash flow is king again.

Economy

Russia to extend diesel export ban, use quotas to fulfil US deal, sources say

Russia will extend its diesel export ban until the end of the year while allowing some companies to ship fuel under a quota system to meet its new export commitment to the US, two

Business|Economy|Finance

Clorox appoints Unilever executive as its new CEO

Clorox on Thursday appointed Unilever executive Fabian Garcia as its new chief executive officer effective January 5.

Arts|Economy|Election|Finance

Strong growth and inflation paints mixed picture of economy days before midterm elections

The U.S. economy posted strong growth in the July-September quarter yet inflation remained stubbornly high last month, government reports showed Thursday, painting a mixed picture less than a week before midterm elections in which the uncomfortably high cost of living has become a central issue

Arts|Economy|Europe|Finance

Swiss assess potential UBS relocation, highlight difficulties

The Swiss government has analysed how UBS would fare if it relocated abroad to escape stricter new capital rules, underlining how seriously officials are

Business|Economy|Finance

Last snapshot of the US economy before midterms shows stronger growth but higher inflation

Last snapshot of the US economy before midterms shows stronger growth but higher inflation

Business|Economy|Finance

US stock index futures pare losses after economic data

US stock index futures pared declines slightly on Thursday as investors assessed the latest inflation reading, released a day after the US Federal Reserve kept interest rates