Latest in Turkey’s economic growth slows to weakest level since Covid crisis
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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%.Business - CNBC - October 24 -
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.Business - CNBC - October 24 -
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.Business - CNBC - October 24 -
Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
The S&P 500 was trying to break a three-session losing streak.Business - CNBC - October 24 -
Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency
Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.Business - CNBC - October 24 -
New-home sales jump to highest level since May 2023, as lower mortgage rates drew buyers in
New-home sales surged in September, as home buyers seized on lower mortgage rates.Business - MarketWatch - October 24 -
Generative AI is onboarding hundreds of employees at a time, better and faster
Onboarding new employees is a core responsibility of talent leaders. It's increasingly being turned over to AI.Business - CNBC - October 24 -
OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns
OpenAI is disbanding its "AGI Readiness" safety team, which advised the company on its capacity to handle the outcomes of increasingly powerful AI.Business - CNBC - October 24 -
Tesla stock soars 22% for best day in over a decade on Musk's 2025 growth projection
Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.Business - CNBC - October 24 -
Mortgage rates rise to highest level since July due to these 3 reasons
Mortgage applications fell 0.1% in the last week, the Mortgage Bankers Association said.Business - MarketWatch - October 30 -
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 -
Wells Fargo Tripled State-Level Political Spending Since 2014
The bank has steered donations to groups seeking to influence state legislatures, attorneys general, and gubernatorial elections.Business - Inc. - 3 days ago -
Dangerous levels of lead in Syracuse water threaten health crisis
Syracuse, New York, is facing a crisis over high levels of lead in its water, the Natural Resources Defense Council said. CBS News' Lilia Luciano spoke to residents about the dangerous exposure.Top stories - CBS News - October 22 -
BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19
BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasolineBusiness - MarketWatch - October 29 -
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 ...World - The Guardian - October 15 -
Home prices hit a new record high, but the pace of growth is slowing significantly and ‘showing signs of strain’
Case-Shiller 20-city home price index rose 5.2% year-on-year in August.Business - MarketWatch - October 29 -
Wars, debt, climate crisis and Covid have halted anti-poverty fight – World Bank
Setbacks mean UN goal of ending extreme poverty by 2030 is impossible to hit, report finds. Wars, debt, the climate crisis and the pandemic have combined to halt progress in the fight against ...World - The Guardian - October 15 -
China posts slowest economic growth in 18 months as optimism fades over stimulus
Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector. China posted its slowest growth in a year and a half on ...World - The Guardian - October 18 -
Would Trump be inflationary? His supply-driven growth will lower prices, economic adviser argues.
Economist Kevin Hassett — viewed as in the running to become Federal Reserve chair in a second Trump administration — on Tuesday defended the Republican presidential nominee’s policies from the ...Business - MarketWatch - October 29 -
10-, 30-year Treasury yields end at highest since July as deficit worries grow
Monday’s selloff in U.S. government debt pushed long-dated yields to their highest levels in almost three months amid growing concern about the potential for rising deficit spending after the Nov. ...Business - MarketWatch - October 21 -
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August.Business - CNBC - October 16 -
Bitcoin hits highest level since July, boosting other coins and crypto-related stocks
The price of bitcoin neared $68,400 on Wednesday, its highest since July, sparking a rally in other cryptocurrencies and related equities.Business - CNBC - October 17 -
Trump’s improving election odds have powered bitcoin to its highest level since July
Bitcoin was posting further gains on Wednesday, reaching as high as $68,390 — its loftiest level since July 29.Business - MarketWatch - October 16 -
10-year Treasury yield slips from highest level since July after housing starts drop
Long-dated Treasury yields slipped from their highest levels in more than two months on Friday but ended the week little changed, after data showed new-home construction dipped in September.Business - MarketWatch - October 18 -
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since JulyBusiness - CNBC - October 23 -
US unemployment applications fall; continuing claims hit highest level since 2021
The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three yearsTop stories - ABC News - October 24 -
Gaza aid falls to lowest level since start of war despite US warning to Israel
Biden administration letter threatened to withhold military help if humanitarian crisis did not urgently improveBusiness - Financial Times - October 30 -
Jared Goff, Ben Johnson-led Lions offense rolling, can't be slowed: Inside QB's epic efficiency since Week 4
Goff has been a true master under center over the past three gamesSports - CBS Sports - October 21 -
Record levels of heat-related deaths in 2023 due to climate crisis, report finds
Almost half of global land area saw extreme drought for at least one month, according to Lancet Countdown. Heat-related deaths, food insecurity and the spread of infectious diseases caused by the ...World - The Guardian - October 30