Sibanye Stillwater Cuts Guidance, Swings to Wider Than Expected Net Loss

Here's what to expect with the Fed's next interest rate cut looming

On Thursday, the Federal Reserve will announce its latest decision on whether to cut its benchmark interest rate again. CBS News business analyst Jill Schlesinger breaks down what to know.

What to know about the interest rate cut expected from the Federal Reserve

Another interest rate cut is expected to be announced Thursday afternoon by Federal Reserve Chair Jerome Powell. CBS News business analyst Jill Schlesinger has more details.

Trump’s tariffs pose a greater risk to markets than his tax cuts

They pose a significant threat to the global economy because of how far-reaching they are, the odds of implementation and the potential for widespread retaliation.

Politics - The Hill - October 18

Target cutting prices on 2,000 items for cash-strapped shoppers ahead of the holidays

Target is lowering prices on more than 2,000 items across an array of categories in a bid to offer more discounts to cash-strapped customers as the holiday season approaches.

Helene, Milton losses expected to surpass "truly historic" $50 billion each

Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.

China's exports and imports grew far less than expected in September

China was expected Monday to report a slowdown in export growth in September versus August.

Business - CNBC - October 14

Bank of America tops estimates on better-than-expected trading revenue

Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.

Business - CNBC - October 15

United Airlines sheds unprofitable capacity in better-than-expected quarter

Revenue from basic economy seats shot up 20% at United.

Business - MarketWatch - October 16

Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says

A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check.

Top stories - The New York Times - October 16

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

IMF chief warns of ‘unforgiving’ debt backdrop and low growth

Kristalina Georgieva says governments’ reluctance to rein in spending heightens public finances challenge

Business - Financial Times - October 17

Iran foreign minister visits Egypt as leaders try to contain regional war

Middle East officials step up diplomatic effort as Israel says it killed Hamas leader Yahya Sinwar in strike on Gaza

Business - Financial Times - October 17

China reports better-than-expected retail sales and industrial production data

The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.

Business - CNBC - October 18

Truck maker Volvo's Q3 adjusted profit falls more than expected

Adjusted operating profit was 14.1 billion crowns ($1.34 billion against a year-earlier 19.3 billion and a mean forecast in an LSEG poll of analysts of 15.6 billion, on a sales drop of 12%. Volvo ...

Sports - Yahoo Sports - October 18

Argentina's economic activity contracts less than expected in August

World - Yahoo News - October 23

UK inflation fading faster than expected, says BoE governor

But Andrew Bailey wants to see a further decline in services price growth

Business - Financial Times - October 23

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.

Business - MarketWatch - October 29

Snap shares jump after results come in better than expected

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 ...

Business - MarketWatch - October 30

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - October 29

U.S. economy grew at a 2.8% pace in the third quarter, less than expected

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Business - CNBC - October 30

The U.S. economy grew at a 2.8% pace in the third quarter, less than expected

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

Budget boost to UK economy forecast to fade after two years

The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.

More than half of voters expected to cast early ballot: Gallup

Americans have turned out in record numbers to cast their ballots early in the general election, with more than half of the country’s registered voters having already voted or planning to vote ...

Politics - The Hill - October 31

Chevron beats earnings expectations, returns more than $7 billion to shareholders

Chevron's stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%.

Business - CNBC - November 1

British Airways owner IAG reports bigger than expected profits

Passenger demand in key transatlantic routes and within Europe boosts earnings

Business - Financial Times - 4 days ago

Is swing state business in better shape than it was four years ago? Here’s what the data says

Was the Biden or Trump administration better for the business climate in swing states? Here's what the data from CNBC's annual Top States study says.

Business - CNBC - October 16

JJ Redick cuts D'Angelo Russell's minutes due to 'lack of compete' in Lakers' latest double-digit loss

Los Angeles has lost four of its last five games

Sports - CBS Sports - 5 days ago

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 ...

World - ABC News - October 16

Larry Fink says the Fed won't cut interest rates as much as markets expect this year

"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.

Business - CNBC - October 29

The Fed is expected to cut interest rates again Thursday. Here's everything you need to know

Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.

Business - CNBC - 6 days ago

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...

Watch live: Fed Chair Jerome Powell speaks after interest rate cuts

Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...

Politics - The Hill - 5 days ago

Latest in Sibanye Stillwater Cuts Guidance, Swings to Wider Than Expected Net Loss

Here's what to expect with the Fed's next interest rate cut looming

What to know about the interest rate cut expected from the Federal Reserve

Trump’s tariffs pose a greater risk to markets than his tax cuts

Target cutting prices on 2,000 items for cash-strapped shoppers ahead of the holidays

Helene, Milton losses expected to surpass "truly historic" $50 billion each

China's exports and imports grew far less than expected in September

Bank of America tops estimates on better-than-expected trading revenue

United Airlines sheds unprofitable capacity in better-than-expected quarter

Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says

Pound falls as UK inflation declines more than expected to 1.7%

IMF chief warns of ‘unforgiving’ debt backdrop and low growth

Iran foreign minister visits Egypt as leaders try to contain regional war

China reports better-than-expected retail sales and industrial production data

Truck maker Volvo's Q3 adjusted profit falls more than expected

Argentina's economic activity contracts less than expected in August

UK inflation fading faster than expected, says BoE governor

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

Snap shares jump after results come in better than expected

Reddit shares soar 22% on earnings beat and better-than-expected forecast

U.S. economy grew at a 2.8% pace in the third quarter, less than expected

The U.S. economy grew at a 2.8% pace in the third quarter, less than expected

Budget boost to UK economy forecast to fade after two years

More than half of voters expected to cast early ballot: Gallup

Chevron beats earnings expectations, returns more than $7 billion to shareholders

British Airways owner IAG reports bigger than expected profits

Is swing state business in better shape than it was four years ago? Here’s what the data says

JJ Redick cuts D'Angelo Russell's minutes due to 'lack of compete' in Lakers' latest double-digit loss

UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut

Larry Fink says the Fed won't cut interest rates as much as markets expect this year

The Fed is expected to cut interest rates again Thursday. Here's everything you need to know

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Watch live: Fed Chair Jerome Powell speaks after interest rate cuts

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