News updates from October 22: Starbucks scraps 2025 guidance on weak earnings; SAP becomes Europe’s most valuable tech company
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Top stories - CBS News
10/22: CBS Evening News
Trump holds townhall with Latino voters in Florida; A look at how the election is playing out on college campuses24 minutes ago -
World - Financial Times
UK ministers explore using break clauses in asylum housing contracts
Home Office aims to revise terms or terminate after being ‘shocked’ by private companies’ profits25 minutes ago - United Kingdom -
World - Financial Times
Investors pile into emerging-market funds that cut out China
Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock rebound1 hour ago - China -
World - Financial Times
Trump’s ex-chief of staff says he is a fascist and would govern as a dictator
Four-star US General John Kelly's claims were reported in blockbuster comments to The New York Times2 hours ago - Donald Trump -
Business - MarketWatch
Texas Instruments earnings show some improvements, despite weak industrial sales
Texas Instruments grew overall revenue on a sequential basis, though industrial sales still dropped sequentially.4 hours ago -
Business - Financial Times
Starbucks scraps 2025 guidance after fall in sales and earnings
New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth6 hours ago -
Business - CNBC
GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance
GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.8 hours ago -
Business - Inc.
What’s the Most Valuable Tech Upgrade You Made This Year?
We asked 10 founders and CEOs about the tech products and AI automations that have really made a difference.Yesterday -
World - The Guardian
Middle East crisis live: Israel says it killed Hezbollah’s presumed next leader Hashem Safieddine in early October
Israeli military says strikes in Beirut three weeks ago killed most likely Nasrallah successor. As Israel continues its war in Gaza and assault on Lebanon, a growing number of international ...5 hours ago - Israel -
Business - MarketWatch
SAP overtakes ASML to become Europe’s most valuable tech company
SAP has overtaken ASML to become Europe’s most valuable technology company after a strong set of third-quarter results that saw the German software company lift its full-year outlook.17 hours ago -
World - Financial Times
Patriot — Alexei Navalny’s fight for a ‘beautiful Russia’, in his own words
The memoir of Putin’s murdered opponent is a worthy testament to his courage, defiance and humourYesterday - Russia -
World - Financial Times
Europe markets watchdog bids to become EU’s version of SEC
Verena Ross calls for more centralised powers in response to appetite for stronger capital markets and investment in bloc2 days ago - Europe -
Business - Inc.
Starbucks’ New CEO Only Needed 6 Words to Explain the Company’s Biggest Problem
Turning around the company’s problem starts with acknowledging this simple truth.2 days ago -
Business - CNBC
How Liberty Media became one of the world's most valuable sports empires
As global lockdowns began in 2020, sports fans surged online and Liberty Media had a chance to realize Chairman John Malone's vision.2 days ago -
World - Financial Times
FT readers: your tips on where to find calm and authenticity in Venice
The places that put the serene back into La Serenissima, as recommended by you3 days ago -
World - Financial Times
Yen resumes decline on doubts over Japan interest rate rises
Currency sinks below ¥150 against US dollar for first time since August surge3 days ago - Japan -
World - Financial Times
Moldova confronts Russian cash-for-votes in EU referendum
Illicit pension top-ups and money mules found in ex-Soviet republic ahead of Sunday’s vote, officials say4 days ago - European Union -
World - Financial Times
Airlines bet on food and art to lure flyers back to ageing premium cabins
New perks offered while better planes and seats remain grounded from supply chain disruptions4 days ago - Travel -
Business - MarketWatch
CVS cuts outlook yet again — while swapping out CEO for a company veteran
“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.4 days ago -
Business - Financial Times
Elon Musk’s riskiest bet yet: Donald Trump
The billionaire entrepreneur has gone all-in behind the Republican candidate. If he wins, the prize could be substantial influence over the administration4 days ago - Donald Trump -
Business - Financial Times
A ‘full fat’ Budget is impossible — what are the trade-offs?
Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraints4 days ago -
Business - CNBC
Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Procter & Gamble said volume fell in its Greater China market despite the earnings beat.4 days ago - China -
World - Financial Times
Labour’s promise of change requires a clearer message
Starmer’s government must learn from leaders who transformed Britain: Attlee, Blair and, yes, Thatcher4 days ago -
World - Financial Times
Pension fund use of ETFs surges in Europe
Institutional iShares assets under management have been growing at a compound annual growth rate of nearly 30% in the region, according to BlackRock5 days ago -
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 activists5 days ago - United Kingdom -
World - Financial Times
Labour’s unambitious reset with the EU
The UK government has constrained itself too much within its red lines5 days 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 finance5 days ago -
World - Financial Times
Gold: ‘the ultimate perceived safe haven asset’?
BofA gets the goldbug5 days 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 tight5 days 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 News5 days ago - Donald Trump -
Business - Financial Times
Lebanon feels it is being punished for a decision Hizbollah made
Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustain6 days ago -
Business - Financial Times
UK to consult on ‘opt-out’ AI content scraping in blow to publishers
Decision follows months of lobbying from tech sector and creative industries6 days ago - United Kingdom -
World - The Guardian
Thomas Tuchel discusses anthem and pressure at England unveiling – live
‘Huge privilege’: Tuchel succeeds Southgate as manager Barney Ronay on the news | And feel free to email Tom Confirmed details: . Tuchel will be assisted by English coach Anthony Barry, ...6 days ago -
Business - Inc.
Nvidia’s Almost the World’s Most Valuable Company but It’s Still Volatile As Ever
Nvidia’s volatility relative to the S&P 500 has doubled over the last decade even as its market cap soared.6 days ago -
World - Financial Times
How big is ‘big enough’ for China’s stimulus?
Some estimates and theories6 days ago - 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 hackersOctober 16 - European Union -
Business - Inc.
Nvidia Share Price Moves Could Unseat Apple as Most Valuable Company
Investors are driving up market capitalizations for the chipmaker, Apple, and Microsoft so fast it’s hard to know which company holds the top spot.October 15 - Apple -
Business - MarketWatch
Google becomes the latest tech giant to strike a nuclear-power deal for AI
Amazon, Microsoft and Oracle all have nuclear arrangements of their own as tech companies seek clean-energy solutions for AI’s massive power needs.October 14 - Google -
Business - The Wall Street Journal
Starbucks Scales Back Discounts Under New CEO
Brian Niccol, the company’s new chief executive, is aiming to improve cafe operations and focus more on selling premium coffee while promoting seasonal drinks.October 14