News updates from October 16: UK inflation falls to 1.7%; Morgan Stanley Q3 profits rise 32%
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World - Financial Times
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 activists57 minutes ago - United Kingdom -
World - Financial Times
Labour’s unambitious reset with the EU
The UK government has constrained itself too much within its red lines2 hours ago -
World - Financial Times
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 finance2 hours ago -
World - Financial Times
Gold: ‘the ultimate perceived safe haven asset’?
BofA gets the goldbug2 hours ago -
World - Financial Times
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 tight3 hours ago - United Kingdom -
World - Financial Times
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 News6 hours ago - Donald Trump -
Tech - ABC News
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a ...9 hours ago -
World - CBS News
10/16: CBS Evening News
Trump claims to be the “father of IVF”; Biden, Obama, Clinton honor Ethel Kennedy11 hours ago -
Sports - Yahoo Sports
NHL Power Rankings: New No. 1 – Stars, Jets And Flames Rise While Oilers And Avalanche Fall
There's a ton of movement in the NHL power rankings early on in the season, although it's not time to overreact yet. Here's what stands out already for each team.Yesterday - NHL -
Business - CNBC
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Yesterday -
Business - Financial Times
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonYesterday -
Business - MarketWatch
Bond investors position for new debt from Goldman Sachs and Morgan Stanley
Bond investors — who have sent spreads on the debt of the big U.S. money-center banks to their tightest levels of the year — are now positioning for new issuance, with Goldman Sachs and Morgan ...Yesterday -
Business - CNBC
We're raising our Morgan Stanley price target after a post-earnings stock surge to record highs
Morgan Stanley's third-quarter beat on the top and bottom lines, with strength seen across the board.Yesterday -
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.Yesterday -
World - The Guardian
America’s Cup 2024: Great Britain beat New Zealand in races five and six – live
Ineos Britannia win races and cut overall gap to 4-2 New Zealand lead in battle to claim seven victories Into the third leg , the Brits’ big sails keeping them ahead though the gap is dwindling ...Yesterday - New Zealand -
Business - Financial Times
The difference between Harris and Starmer
A cautious politician is easier to elect than an ambiguous oneYesterday -
Business - Financial Times
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 yearYesterday - United Kingdom -
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.Yesterday - 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 ...Yesterday - 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 ...Yesterday - 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 ...Yesterday - United Kingdom -
World - Financial Times
How big is ‘big enough’ for China’s stimulus?
Some estimates and theoriesYesterday - China -
World - Financial Times
EU markets watchdog pushes for extra cyber defences in new crypto rules
Esma asks for amendment to tighten regulation with demand for external audits of defences against hackersYesterday - European Union -
Top stories - NBC News
Nightly News Full Broadcast (October 15th)
Harris courts Black voters in Michigan after unusual Trump town hall; Harris tries to put Trump's age front and center; Growing concerns about cleanup and misinformation more than two weeks after ...Yesterday -
Tech - Wired
The 32 Best Shows on Apple TV+ Right Now (October 2024)
Disclaimer, Slow Horses, and Bad Monkey are among the best shows on Apple TV+ this month.2 days ago - Apple -
Business - MarketWatch
Johnson & Johnson’s stock falls despite Q3 sales beat and guidance raise
Johnson & Johnson reported better-than-expected third-quarter sales and raised its full-year revenue guidance.2 days ago -
Business - Financial Times
UK wage growth falls to 4.9%
Data for three months to August adds to evidence that pay pressures are easing2 days ago - United Kingdom