Latest in General Mills’ profit falls 14% on inflation woes, margin pressure

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TotalEnergies Profit Falls as Downstream Margins Bite

TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.
Business - The Wall Street Journal - October 31
The inflation risk for emerging markets

Fiscal indiscipline looms as the biggest threat after central bank battles to slow rising prices
World - Financial Times - October 15
The Musk-led group driving millions to Trump’s White House bid

Also in today’s newsletter, shamelessness in American politics and Kamala Harris’s appearance on Fox News
World - Financial Times - October 17
How the UK can improve its ‘offer’ to the world

Eli Lilly’s chief says the country must do more to attract business, yet budgets are tight
World - Financial Times - October 17
Gold: ‘the ultimate perceived safe haven asset’?

BofA gets the goldbug
World - Financial Times - October 17
Cheaper alternative to northern leg of HS2 under consideration

Feasibility study to be launched for a Birmingham to Manchester rail route that could be part-funded by private finance
World - Financial Times - October 17
Labour’s unambitious reset with the EU

The UK government has constrained itself too much within its red lines
World - Financial Times - October 17
Liz Kendall expected to retain £1.3bn cut to UK sickness benefits in Budget

Move by work and pensions secretary likely to cause concern among disability rights activists
World - Financial Times - October 17
ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.
Business - The Wall Street Journal - October 17
China woes weigh on profits at Toyota, Honda and BMW

Even the strongest international carmakers are suffering from intense competition in the Chinese market
World - Financial Times - 3 days ago
Richemont Sales Fall as Luxury's China Woes Linger

The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.
Business - The Wall Street Journal - Yesterday
Burst of trades inflates Trump’s margin in election prediction markets

Small group of bettors lifts odds of Republican victory to 62 per cent on cryptocurrency-based Polymarket
Business - Financial Times - October 18
The start of a new round of gilt market carnage?

Parsing 101 words from the OBR
Business - Financial Times - October 31
Amazon's cloud unit records highest profit margin in at least a decade

Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.
Business - CNBC - October 31
Pound falls as UK inflation declines more than expected to 1.7%

First reading below Bank of England’s target in 3 years opens door to more rate cuts this year
Business - Financial Times - October 16
Wendy’s stock falls as same-restaurant sales miss again, by a wide margin

Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.
Business - MarketWatch - October 31
Porsche AG Sales Fall Amid Slow EV Market, China Woes

Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.
Business - The Wall Street Journal - October 25
Inflation is down — but the middle class is still feeling financial pressure. Here's why

Economists say there's a strong role for policy in affecting the prices of essential goods for American families.
Business - CNBC - October 29
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.
Top stories - BBC News - October 16
The latest inflation woe: Your fast-food breakfast now costs 53% more

Prices for the morning meal have surged over the past five years, according to a new study
Business - MarketWatch - 9 hours ago
Moderna’s stock pops after biotech ekes out a surprise profit, and revenue beats by a wide margin

Moderna Inc.’s stock was higher but off its early highs Thursday, after the company’s third-quarter earnings showed an unexpected profit as well as revenue that beat estimates by a wide margin.
Business - MarketWatch - 2 days ago
Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.
Business - The Wall Street Journal - October 23
Saudi Aramco Profit Falls on Oil-Price Weakness

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.
Business - The Wall Street Journal - 4 days ago
DHL Owner Net Profit Falls on Costs

Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.
Business - The Wall Street Journal - 4 days ago
BMW Posts Sharp Fall in Automotive Profitability

BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.
Business - The Wall Street Journal - 3 days ago
Economists see UK cutting interest rates more substantially as inflation pressures ease

Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.
Business - CNBC - October 22
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 ...
World - The Guardian - October 16
Treasury yields end at nearly 2-week lows as oil prices fall further and U.K. inflation dives

U.S. government debt rallied slightly on Wednesday, pushing yields broadly lower, as crude-oil futures slipped and the U.K.’s annual consumer-price index inflation rate dropped below the Bank of ...
Business - MarketWatch - October 16
Inflation falls to lowest level since 2021 in Fed’s preferred gauge

Price increases have fallen to their lowest level in more than three years in the latest reading of the Federal Reserve’s preferred inflation gauge, strengthening the outlook for more interest rate ...
Politics - The Hill - October 31
Bank of England Cuts Interest Rates, but Signals Stickier Inflation

The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
Top stories - The New York Times - 2 days ago
OpenAI Speaks to California Attorney General About Becoming For-Profit Company

A new report says CEO Sam Altman’s efforts to shed its nonprofit AI research lab status are moving forward.
Business - Inc. - 4 days ago
General Motors’ stock jumps after big profit beat, progress on EV profits

GM’s stock rallies toward a multiyear high after profit beat by a wide margin and the full-year outlook was raised.
Business - MarketWatch - October 22
Penguins Fail To Generate Offense, Fall to Hurricanes, 4-1

Carolina controlled play for the majority of the game and outshot Pittsburgh 39-26
Sports - Yahoo Sports - October 19

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