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Top Trump economic adviser says big Fed rate cut was justified

Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins election

Business - Financial Times - October 18

The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut

Strong economic data and a still-hot economy has made some experts wonder whether the central bank made the right call with its jumbo rate cut.

Business - Inc. - October 18

New-home construction dips in September, as builders await rate cuts

Construction on new U.S. homes fell 0.5% in September, the Commerce Department said Friday.

Business - MarketWatch - October 18

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

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Cutting emissions isn't enough: Counteract global warming with geoengineering

We need to be very careful about this idea, and learn much more before we do it.

Politics - The Hill - October 18

Trump microphone cuts out for 20 minutes at Detroit rally

Former President Trump said he would not pay the company that rented his campaign equipment after his microphone went silent for about 20 minutes at a rally in Detroit. Trump was in the midst of ...

Politics - The Hill - October 19

Trump's mic cuts out for nearly 20 minutes at Michigan rally

Former President Trump’s mic cut off for almost 20 minutes while he was giving a speech at a campaign rally in Michigan. NBC News' Garrett Haake reports on the mishap from the rally, on a day when ...

Politics - NBC News - October 19

Amber warnings as Storm Ashley hits large parts of UK

Storm Ashley is expected to bring very high winds and rain, particularly affecting western areas on Sunday.

Harvard donations drop; alums cut ties over anti-Israel protests

Harvard, the nation's richest university, saw donations plunge 15% after campus protests, new report shows.

Politics - The Hill - October 19

Back-to-back rate cuts no indication of future ECB policy, governor says

Slovenian central bank chief Boštjan Vasle argues central bank needs flexibility to respond to signs of persistent inflation

World - Financial Times - October 20

US banks consider cutting interest payments on company deposits

Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark rates

Business - Financial Times - October 20

University of Toronto’s environment school cuts financial ties to fossil fuels

Princeton University, the only other North American school to do so, rolled back its commitment recently. The University of Toronto ’s environment school has announced it will financially ...

World - The Guardian - October 20

Ukraine war briefing: Power cuts in Kharkiv after Russian strikes

Residential buildings and service stations were among targets, say local officials; Russian grip tightens around Pokrovsk with battles in nearby Selydove. What we know on day 971. See all our ...

World - The Guardian - October 20

China cuts benchmark lending rates by 25 basis points

The move was expected. China's central bank governor indicated last week that the loan prime rates would be lowered.

Business - CNBC - October 21

Follow live: Lakers, Wolves going neck-and-neck late in season opener

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Sports - ESPN - October 23

Funding cuts could mean death of Sámi languages, say Indigenous parliaments

Sweden and Finland plan to withdraw funding to safeguard nine languages defined as threatened by Unesco. The Indigenous parliaments of Sweden, Finland and Norway have warned that some Sámi ...

World - The Guardian - October 21

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

Trump's Social Security plan could lead to 33% benefits cut: Analysis

Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.

Why home equity borrowers shouldn't wait for the November rate cut

If you need to access your home equity consider acting now, before a potential November rate cut. Here's why.

US consumers cut back on spirits as cost of living pressures bite

Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky

Business - Financial Times - October 22

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.

Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss

The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.

Business - The Wall Street Journal - October 22

Target cuts prices on 2,000+ products, from food to cough medicine

Target is reducing the prices of more items as the discount retail chain readies for the holiday shopping season.

IMF warns on China's property market worsening as it cuts country's growth outlook

In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.

Business - CNBC - October 23

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