What every headline means for your market
Market headlines straight from their sources, sorted by market, each with the live state of the instruments it affects.
France Toughens Its Response To Protests After Riots and Looting
After violence and vandalism rocked France, officials in the country have admitted failure. What happens next? Oliver Crook explains. (Source: Bloomberg)
Hassett Says CPI Data Shows Inflation Needs ‘Some Work’
White House National Economic Council Director Kevin Hassett said prices have been falling for items such as beef and eggs, though consumer price data for September shows overall inflation continues to need policy attention.
US Homebuilder Sentiment Drops to 14-Year Low on Weak Sales
Confidence among US homebuilders this month slumped to a 14-year low as mortgage rates above 7%, labor shortages and elevated supply costs batter the housing market.
Builders slash prices on new homes as buyer traffic drops to 14-year low
Four in 10 home builders are cutting prices to boost demand, even as they face rising construction costs.
Canada Inflation Rate Edges Up to 3.1%, Core Measures Ease
Canada’s inflation rate ticked up to 3.1% in September as gasoline prices rose, while some gauges of underlying price pressures eased.
Trump Puts US Politics Ahead of Global Strategy:
From Russia sanctions to China tariffs, Trump’s economic statecraft increasingly bends to the demands of domestic politics.
China Growth Stays on Track as Retail Sales Beat Forecasts
Sales rose at double the expected pace, as expansion stayed on track to hit targets.
The Beach Boys’ Mike Love goes the extra mile to protect the land around $43…
Beach Boys star Mike Love has revealed the extraordinary lengths he went to preserve the natural beauty surrounding his sprawling $43 million Lake Tahoe estate.
Kenyan Remittances Dented by New US Tax, Fallout from Iran War
Remittance flows to Kenya could decline this year for the first time since 2009, as a new US tax on money transfers and headwinds from the Iran war stunts the nation’s largest source of foreign exchange.
Yoka: Rep. Congo Pursues ‘Real Reforms’ to Boost Economy
Talks between the IMF and Republic of Congo on a new lending program are set to continue in the coming weeks, with both sides aiming to reach a staff-level agreement. The African nation has also pursued a secondary listing for its eurobonds on NASDAQ Dubai, marking the first ever listing in the GCC for an African Sovereign. Republic of Congo's Minister of Finance, Budget and Public Portfolio, Christian Yoka spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa. (Source: Bloomberg)
Rhee: Korea in an Enviable Position
Rhee Chang Yong, PIIE Nonresident Senior Fellow and former Bank of Korea Governor, says Seoul should use the windfall from AI-related exports to create buffers against competition from China. He speaks with Stephen Engle on the sidelines of the Bund Summit in Shanghai. (Source: Bloomberg)
The UK Shows How AI Could Affect Jobs
The UK is at the sharp end of transformations in the age of AI because finance, one of the industries most exposed to disruption, is also one of the UK’s biggest employers and most important exports. Bloomberg Opinion columnist Paul J. Davies explains why other nations should watch closely. (Source: Bloomberg)
Malaysia Exports Surge 55% to a Record in September on AI Boom
Malaysia’s exports rose to an all-time high in September, with growth accelerating to its fastest pace in more than five years on higher demand for AI-related products.
France Riots Over Cost of Living as Macron Urges Calm
More than 500,000 demonstrators took to the streets across France over surging energy and living costs, resulting in nearly 2,400 arrests and intensifying pressure on Emmanuel Macron's strained fiscal agenda. (Source: Bloomberg)
China’s Growth Rebound Tops Forecasts to Close In on Target
China’s growth accelerated more than expected in the third quarter, boosting the odds of the economy reaching Beijing’s annual target and dimming the prospects for additional easing measures.
ECB’s Sleijpen Says Window Is Closing to Limit Warming Impact
European Central Bank Governing Council member Olaf Sleijpen said that the chance to limit global warming to the limit envisaged by the Paris Agreement is almost spent.
China’s Growth Beats Forecasts, Boosting Hopes of Hitting Annual Target
First-Time UK Homeowners Are Facing Mortgage Payments That Cost More Than Rent
More than half of first-time homeowners who purchased a UK property last month are paying a bigger sum for their monthly mortgage payments than they previously spent on rent, according to estate agency Hamptons.
Ukraine Talks with Turkey, India, Egypt Over Grain Corridor
Ukraine is in talks with Turkey, Egypt and India on the possibility of opening up Black Sea civil navigation, particularly for agriculture exports, Ukraine’s President Volodymyr Zelenskyy said.
‘Some people did everything right’: I lost my home in the Great Recession.…
”I earn $110,000 a year.”
I’m 64 years old, with two sons, but only one works in the family firm. Should I…
“I have some reservations about the long-term stability of my younger son’s marriage.”
‘It’s a wait-and-see situation’: I’m 63 and diagnosed with…
“My plan is to continue working as long as I’m able to do so and invest my Social Security benefits while I’m still earning a paycheck.”
Australian Home Auctions Decline as Rate Hikes Dampen Activity
The number of homes auctioned in Australia dropped over the past week as interest rates at a 15-year high weigh on activity in the housing market.
Can a $55,000-plus robot load the dishwasher? Inside my afternoon with two humanoid…
Tau Robotics’ humanoids vacuumed my floors and wiped my counters — with some help from humans behind the scenes.