Market Expected Stabilize

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Tom Brady and partner Tom Wagner to pay over $200 million for stake in Las Vegas Raiders

National Football League owners approved Tom Brady as a minority owner of the Las Vegas Raiders on Tuesday.

TotalEnergies Expects Continued Refining Weakness, Lower Hydrocarbon Production

The French oil and petroleum company said it expected to report hydrocarbon output of 2.4 million barrels of oil-equivalent a day for the third quarter, while results in its downstream division are ...

Business - The Wall Street Journal - October 15

Georgia officials expecting 'record-breaker' for first day of early voting

Georgia Secretary of State Brad Raffensperger (R) said he expects a "record-breaker" for early voting, which opened Tuesday in the Peach State, even in the wake of devastation from Hurricane Helene ...

Politics - The Hill - October 15

Thomas Tuchel agrees to become new England manager with unveiling expected this week

Reputable German tactician is set to lead English soccer with Three Lions after Chelsea success

Sports - CBS Sports - October 15

Retailers Can Expect Another Record-Breaking Holiday Season

The National Retail Federation anticipates up to $990 billion in holiday sales despite inflation-wary consumers.

Business - Inc. - 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

ASML Expects Slower Semiconductor Recovery, Weighing on Chip Stocks

The company posted orders below analysts’ expectations as chip makers held back spending on key production equipment.

Business - The Wall Street Journal - October 15

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

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.

Business - CNBC - October 16

More EU leaders expected to back calls for offshore asylum centres

Migration to dominate summit as four people including two toddlers die after falling from crowded speedboat off Kos. A growing number of European leaders are expected to back calls for offshore ...

World - The Guardian - October 16

Reeves expected to focus rise in capital gains tax on share sales

Chancellor likely to increase CGT in October 30 Budget as part of efforts to close £40bn funding gap

Business - Financial Times - October 16

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.

Clashes expected at EU summit as migration ‘return hubs’ top agenda

Plans for processing asylum claims offshore gain traction among leaders unnerved by rise of far right. Why immigration is a big issue again European leaders are expected to clash over the ...

World - The Guardian - October 17

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

Retail Sales Surpass Expectations, Sign of Solid US Economy

A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust.

Business - The New York Times - October 17

Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations

The Franco-Italian eyewear group’s revenue rose 4% in the third quarter, helped by sales of smart glasses.

Business - The Wall Street Journal - October 17

Nokia Tempers Earnings Expectations After Sales Fail to Recover

Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and quick action on costs was helping offset some of the weakness.