Latest in FirstFT: UK consumer and business confidence fall to lowest levels this year
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World - Financial Times
FirstFT: Partner pay at US law firms hits record levels
Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme1 hour ago -
Business - Financial Times
UK consumer and business confidence weaken ahead of Budget
Indices hit lowest levels this year as Britons ‘hold their breath’ for tax rises on October 3012 hours ago - United Kingdom -
Business - CNBC
Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter
Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.21 hours ago -
World - The Guardian
UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live
People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...1 hour ago - United Kingdom -
Business - CNBC
Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.19 hours ago -
Business - CNBC
Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.23 hours ago - Google -
Business - CNBC
Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list
Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.23 hours ago -
Business - Financial Times
Silicon Valley’s General Catalyst raises $8bn in global push
New money is the largest sum raised by a venture capital firm in more than 2 yearsYesterday -
Business - CNBC
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Yesterday -
Business - CNBC
Tim Cook is likely visiting China to bolster support for Apple Intelligence, analysts say
The CEO met with China's Minister of Industry and Information Technology as well as the heads of some local companies, including China Mobile and Weibo.Yesterday - China -
Business - CNBC
IBM stock slips on disappointing consulting and infrastructure revenue
IBM's critical software category performed well due to Red Hat's gains, but the consulting and infrastructure segments pulled down overall results.Yesterday -
Business - CNBC
10-year Treasury yield briefly tops 4.25%, hits highest level since late July
The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.Yesterday -
Business - CNBC
Abercrombie & Fitch responds to former CEO's sex trafficking arrest, says it will cooperate with law enforcement
Abercrombie & Fitch said it will cooperate with law enforcement after its former CEO Mike Jeffries was arrested on sex trafficking and related charges.Yesterday -
Business - CNBC
Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures
Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.Yesterday - Apple -
Business - CNBC
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Yesterday -
Business - CNBC
Tesla investors have a lot of questions for Musk about Trump
On a forum that Tesla uses to solicit questions from investors ahead of earnings, there are a bunch of questions about Republican nominee Donald Trump.Yesterday -
Business - CNBC
Watch Ripple CEO Brad Garlinghouse speak live on legal battle with SEC and upcoming election
Ripple CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon.Yesterday -
Business - Inc.
Retailers Adjust Holiday Sales Plans to Handle Rising Consumer Stress Levels
Shoppers’ worries about the presidential election and its economic consequences threaten holiday season spending. Retailers are scrambling to limit pullbacks.Yesterday -
Business - CNBC
CDC told McDonald's about potential E. coli outbreak late last week
Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.Yesterday -
Business - CNBC
Warren Buffett — worried about impersonators — says he doesn't endorse candidates or investments
Buffett's actions were triggered in part by a fake political endorsement alerted to him on Meta's Instagram.Yesterday -
World - Financial Times
Starmer rejects calls for slavery reparations ahead of Commonwealth summit
PM plans to focus on ‘future-facing challenges’ such as climate change but Caribbean leaders hope to raise the issueYesterday -
Top stories - NBC News
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the ...Yesterday -
Business - CNBC
Coca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales
Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.Yesterday -
Top stories - CBS News
Illegal border crossings fall to lowest level since 2020
U.S. Customs and Border Protection has confirmed previous CBS News reports that illegal border crossings have reached the lowest point of Biden's presidency. CBS News national correspondent Omar ...2 days ago -
Business - Financial Times
Private equity management fees fall to lowest level since records began
Fund managers are fighting to secure investors’ money in a tough environment2 days ago -
World - Financial Times
FirstFT: HSBC overhaul to divide businesses along east-west lines
Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push3 days ago -
Business - Financial Times
UK workers’ rights reforms to cost businesses £5bn a year
Government’s impact assessment finds companies will face bill for implementing new policies3 days ago - United Kingdom -
World - The Guardian
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...4 days ago - United Kingdom -
Health - ABC News
Teen smoking and other tobacco use drop to lowest level in 25 years, CDC reports
Teen smoking hit an all-time low in the U.S. this yearOctober 17 -
Health - ABC News
CDC reports teen smoking and other tobacco use dropped to lowest level in 25 years
CDC reports teen smoking and other tobacco use dropped to lowest level in 25 yearsOctober 17 -
Top stories - BBC News
Surprise fall in inflation to 1.7% paves way for interest rate cuts
September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.October 16 -
Business - CNBC
UK inflation falls sharply to 1.7%, below Bank of England's target for first time in over three years
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England's 2% target since April 2021.October 16 - United Kingdom -
World - The Guardian
UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves
Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway. UK inflation surprise opens up wriggle room for lower rates and less painful budget ...October 16 - United Kingdom -
World - ABC News
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy ...October 16 - United Kingdom -
World - The Guardian
Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live
UK inflation drops below 2% target in September , weakening pound and raising chances of an interest rate cut in November. Today’s report shows that prices in the UK are rising a little slower than ...October 16 - United Kingdom -
World - The Guardian
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...October 15