Treasury Department announces new Series I bond rate of 3.11% for the next six months
The U.S. Department of the Treasury has announced new Series I bond rates through April 2025.
UK businesses warn Labour government’s tax-raising budget will hurt hiring and boost inflation
British businesses took a bruising from Finance Minister Rachel Reeves’ bumper tax rising budget on Wednesday.
Comcast is exploring separation of cable networks business
NBCUniversal’s cable networks portfolio includes Bravo, E!, Syfy, Oxygen True Crime, USA Network, as well as news networks MSNBC and CNBC.
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.
Temu to be investigated by EU tech regulators over sale of illegal products
The European Commission on Thursday an investigation into Shein over whether the Chinese shopping app breaches its rules against the sale of illegal products.
Franklin Templeton CEO says focus is on ‘doing what’s right’ for clients amid SEC probe
Franklin Templeton’s largest subsidiary, Western Asset Management, saw $37 billion in outflows in the last three months.
Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut
The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.
Europe stocks close October with biggest monthly loss for a year; UK housebuilders plunge after budget
European markets were lower on Thursday as investors weighed the latest euro zone inflation data.
These stocks are likely to gain from the UK’s major budget announcement, analysts say
Investment banks suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes.
Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories
Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.
