HSBC Reports Profit Miss, Announces Buyback
HSBC fell in Hong Kong after reporting earnings that fell short of estimates in the third quarter.
More: CNBCopen, Anadolu Agencyopen, The Business Times, The Straits Times, Financial Times, Reutersopen
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AI chip boom tripled South Korea's economic growth in the third quarter
On the map → South Korea · industrial routes
More: Reuters, Investing.com, Daily Sabah
RBI may hike repo rate to 6.25% by H1 2027, warns Deutsche Bank as inflation risks persist
Bank of Korea warns country's chip exports could fall by up to $100 billion if AI spending slows
On the map → South Korea · industrial routes
Türkiye's unemployment rate at 8.4% in September
More: Investing.com, Daily Sabah, Hurriyet
Microsoft offers a quarter of its global workforce voluntary buyouts as AI spending accelerates
More: CNBC, SiliconANGLE, CBS News, Bloomberg
Melania Trump-brokered local ceasefire begins as Russia continues attacks on Ukraine
On the map → Ukraine · Black Sea
Russia says it will resume talks on ending Ukraine war
In China, the AI bubble has already burst
This week could help decide whether the Fed raises interest rates in December
AnalysisinvestingLiveOct 26 at 5:27 PM PDT
Moody’s Zandi says a Fed hike this week would be a mistake as 5% yields do the tightening
Zandi’s view runs against market pricing for at least one more hike this year, so it’s more a marker for the doves than a market mover. It does sharpen focus on the tension in this week’s Fed decision. Oil is the pivot: crude climbing back toward wartime peaks on Iran tensions lifts inflation and keeps the Fed on its hiking path, while also squeezing real incomes in a way that strengthens Zandi’s growth warning. With 10-year yields near 5% and credit spreads wider, any hawkish surprise from the Fed risks further pressure on rate-sensitive sectors such as housing and leveraged borrowers. A skip with hawkish guidance, as Goldman Sachs expects, would keep December live. --- Earlier: Major central banks take centre stage this week but will there be any surprises? --- Zandi’s case is simple: the bond market has already tightened for the Fed, and hiking into an oil shock risks doing the econom
More: CNBC
Exclusive-US, Canada working on deal to ease steel, auto tariffs, sources say
AnalysisApricitas EconomicsOct 25 at 10:30 AM PDT
How Canada is Decoupling From the US
In Response to Trump’s Tariffs, Canada Has Successfully Boosted non-US Trade to Record Highs—But it Remains Deeply Tied to America
More: Semafor, Global News, investingLive
Middle East War: Saudi Arabia intercepts Houthi missiles, drones as Iran talks continue
On the map → Red Sea · Houthi activity · Saudi energy infrastructure · Eastern Mediterranean
Who Is Really Running Iran Now? (w/ Karim Sadjadpour)
Nasdaq Climbs 0.8% on Anthropic IPO Filing as Oil Falls
Bank of Japan is expected to hold rates this week — but stay hawkish: CNBC survey
Gold Steadies Near $4,000 as Traders Prepare for Fed Rate Call
More: Investing.comopen, Kitcoopen
US, 20 states sue Dollar General for alleged overcharges
Later report: Dollar General is sued by the FTC and 20 states for what's being described as deceptive pricing Associated Press ·
Later report: FTC and 20 states sue Dollar General, alleging retailer overcharged shoppers CNBC ·
Later report: Dollar General overcharged people at checkout for years, FTC says CBS News ·
More: The Korea Times
More News
The New York Times · Oct 27 at 4:12 AM PDT
Bloomberg · Oct 27 at 1:18 AM PDT
Bloomberg · Oct 26 at 6:30 PM PDT
investingLive · Oct 26 at 9:02 PM PDT
Bloomberg · Oct 26 at 10:45 PM PDT
Earlier
MarketWatch · Oct 26 at 5:39 AM PDT
Econbrowser · Oct 26 at 1:03 PM PDT
CNBC · Oct 26 at 12:52 AM PDT
