Industrial Production Rises More Than Expected
Output increased last month despite the ongoing strike of auto workers, showing positive signals for the U.S. economy.
BofA Increases Profits And Warns That Consumer Spending Is Slowing
The second-largest U.S. bank benefited from higher interest rates in the third quarter.
Retail Sales Jump In September, Beating Expectations
U.S. consumers keep shopping amid a strong labor market and slowing inflation.
Jim Jordan Gets More Support As House Prepares To Vote On Speaker Tuesday
The GOP nominee, who faced significant opposition last week within his own party, said he's confident the House will elect a speaker Tuesday.
Tech Layoffs: LinkedIn Announces 668 Job Cuts
The social network is cutting jobs for the second time this year and said it will continue investing in strategic priorities.
Yellen: US To Continue Supporting Ukraine 'For As Long As It Takes'
The Treasury Secretary spoke about coordination policies with the European Union on Ukraine and China.
Manufacturing In New York Contracts In October, Fed Says
The survey showed that executives are still optimistic about future conditions for their businesses.
In Focus This Week: Earnings, Retail Sales, House Speaker, Israel-Gaza
Goldman Sachs, Bank of America, Tesla and Netflix report third-quarter results. The retail sales data will show the strength consumer spending in the U.S.
Consumer Sentiment Sinks To Lowest Level Since May
A preview of the University of Michigan's monthly index showed the impact of inflation on consumers' views.
Bank Earnings Soar As Jamie Dimon Warns Of 'Most Dangerous Time In Decades'
The CEO of the biggest US bank is concerned about the war in Ukraine and the conflict between Israel and Hamas.
Mortgage Rates Rise For Fifth Week On Economic And Geopolitical Tensions
Inflation, Fed rates and the crisis in the Middle East are pressuring overall markets with impacts on loans to buy homes.
Get Ready For Busy Airports For The Holidays: Delta Says Demand Is Strong
The U.S. airline's third-quarter results were boosted by international travel and the return of corporate passengers heading into the hectic holiday season.
US Inflation Slows Less Than Expected in September
Markets are looking into the data to predict the Fed's next moves on interest rates.
Bill Ackman's Call For Transparency: Should Harvard Disclose Student Critics Of Israel?
More than 30 Harvard student organizations posted a statement on Facebook over the weekend saying Israel is "entirely responsible for all unfolding violence."
Biden Vows Support To Israel, Strongly Condemns Terrorism
The U.S. President said 14 American citizens were killed in the attacks and others are still being held by Hamas.
Republicans Meet to Hear Candidates For Speaker Of The House
Jim Jordan and Steve Scalise are the only candidates so far. House Republicans may vote on a nominee Wednesday morning.
Consumers Want Smaller Snack Packages And Healthier Options, PepsiCo Says
The company's third-quarter sales and profit grew more than expected as it increased prices and focused on diversifying products.
Larry Summers Calls Out Harvard For Silence On Hamas, Students' Statement
Summers, who is Harvard's president emeritus, said he expects the university to condemn the "terrorist attacks" by Hamas.
Fed's Logan Says Higher Treasury Yields May Reduce Need To Raise Rates
The Dallas Fed President warned that the Fed may need to do more as inflation remains too high.
In Focus This Week: House Speaker, US Inflation, Earnings, Birkenstock IPO
Republicans are expected to choose a final candidate for House Speaker; Citigroup, JPMorgan and Wells Fargo release third-quarter results.
CEOs Are Less Optimistic On Growth, Want More AI, ESG And Employees In The Office
A survey conducted globally by KPMG reveals the main concerns and priorities for chief executives.
Mortgage Rates Post Biggest Increase Since May Following Jump in Treasury Yields
The increase in the rates is a result of concerns about inflation and the Fed's tightening cycle. It's also hurting homebuyers demand.
Jobless Claims Stay Close To Lowest Since January As Labor Market Remains Strong
The data comes one day before the main job market report for the month of September, which is expected to show a slowdown.
Scalise, Jordan Enter Race To Replace McCarthy As House Speaker
More candidates are expected to be announced. The vote on a new speaker is planed for Oct. 11.
Job Growth in Private Sector Slows To Lowest Pace In Almost Three Years
ADP's job data also showed a 12th month of slowdown in salary gains.
Biden Announces $9 Billion In Additional Student Debt Relief
The measure is a new step after the Supreme Court ruled that Biden's initial student debt cancelation plan was unconstitutional.
House Makes Historic Vote To Remove McCarthy As Speaker
The House voted 216-210 to remove Kevin McCarthy from his post.
Meta Plans To Charge Up To $14/Month For Ad-Free Instagram In Europe
Meta's proposed plan is in response to European regulators' demands, The Wall Street Journal reported.
Jamie Dimon Sees 3.5-Day Work Week As Result of AI
The CEO of JPMorgan said in an interview with Bloomberg TV that the bank will try to redeploy people affected by AI.
US Manufacturing Slows Pace Of Contraction In September
Companies are increasing production to prepare for higher demand at the end of the year.
