Here’s the inflation breakdown for October 2023 — in one chart
The consumer price index continued a steady decline in October on the back of lower gasoline prices.
10-year Treasury yield tumbles below 4.5% on cool October inflation report
Core CPI was up 4.0% year over year, the lowest 12-month reading since September 2021, according to the Labor Department.
The U.S. has lost thousands of tech workers to Canada — here’s why
The Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year.
Israel’s pavilion at the Dubai Airshow sits empty against backdrop of Gaza war
More notable than the pared down presence of Israeli companies was the lack of staff and visitors to its pavilion.
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Fed still has “a ways to go” in fighting inflation and there is still a risk prices pick up once again.
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.
Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
In the days following the Oct. 7 terrorist attack, flight bookings to the Middle East plunged, according to ticketing data.
British fintech Wise reports 280% jump in profit as higher interest rates boost income
British fintech Wise reports 280% jump in profit amid higher interest rates
Apple supplier Foxconn posts surprise 11% jump in third-quarter profit
Apple iPhone supplier Foxconn, officially known as Hon Hai, reported on Tuesday that third-quarter profit rose 11.27% from a year ago.
Is the UK space industry about to take off?
The failure of Virgin Orbit’s maiden attempt to launch a commercial satellite into orbit from U.K. soil in January 2022 may have spelled doom for the country’s $281 billion construction and launch industry. However, a number of companies are perseverin…
