Market News
Wall Street ends Friday lower as oil and bond yields climb
The S&P 500 lost 0.5% on October 23. Energy strength and a mixed weekly finish made the session more complicated than a simple technology selloff.
Market News
British retail sales fall in September despite a stronger third quarter
Sales volumes declined 0.4% in September, but the quarterly measure increased 0.7%. Both horizons matter for the consumer outlook.
SLB’s quarterly sales rise as oilfield recovery meets data-center demand
Revenue reached $9.45 billion, while the smaller data-center business expanded rapidly from its existing base.
American Express raises its adjusted earnings floor after a profitable quarter
The results highlighted premium-card spending, a one-time gain and the need to separate GAAP earnings from adjusted performance.
UK business activity strengthens in October’s flash PMI
The preliminary composite PMI reached 53.1, adding a firmer business-survey signal to a week of mixed UK economic evidence.
US initial jobless claims fall to 194,000 while continuing claims rise
The latest Labor Department report showed fewer new applications, but the continuing-claims measure covered a different week and moved higher.
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20 articles in this section
US crude inventories fall 3.1 million barrels in the latest EIA report
Commercial crude stocks fell to 412.5 million barrels in the week ended October 16, while gasoline and distillate inventories moved in opposite directions.
UK inflation rises to 3.5%, with fuel and services in focus
September’s CPI reading strengthened from August, while the broader CPIH measure and underlying measures also increased.
Tesla’s third-quarter update puts profit and investment under the spotlight
Tesla reported $28.046 billion in revenue and $787 million in GAAP net income attributable to common stockholders, highlighting the gap between reported and adjusted earnings.
Netflix’s quarterly profit rises as investors examine the next growth phase
Third-quarter revenue increased about 12%, while profit rose faster. Fourth-quarter guidance puts the sustainability of that performance in focus.
China’s third-quarter growth reaches 4.5%, with the demand mix still in focus
Official figures showed growth accelerating from the second quarter. The composition matters for commodities, exporters and global equities.
US import and export prices accelerate in September
Import prices rose 1.1% and export prices 2.2%, adding a trade-price dimension to the month’s inflation picture.
Euro-area inflation confirmed at 3.8% as energy leads the contribution
Eurostat’s final September release confirmed a higher annual rate, with energy and services providing the largest contributions.
US industrial production rises 0.7%, with utilities leading the monthly gain
The Federal Reserve’s September output report showed a stronger headline increase than the manufacturing component alone.
US producer prices jump 1.3% in September, with pressure beyond energy
The latest PPI release showed increases in goods and services. A narrower measure excluding food, energy and trade services also advanced.
TSMC reports $46.72 billion in quarterly revenue and guides higher for Q4
The chipmaker’s official results showed revenue above its prior guidance range, with a further increase projected for the fourth quarter.
US September inflation rises to 3.7% as the headline and core measures diverge
The October CPI release showed a 0.6% monthly increase in consumer prices, compared with 0.3% for the measure excluding food and energy.
ASML posts €11.7 billion in quarterly sales as equipment demand strengthens
ASML’s October update paired record quarterly sales with a higher fourth-quarter sales range and discussion of capacity constraints.
IMF sees 3.1% global growth in 2026 as resilience comes under strain
The October World Economic Outlook forecasts a rebound in 2027, while identifying inflation, energy and fiscal risks.
Gold ETFs attract $10 billion in September even as the gold price falls
World Gold Council data showed holdings reaching a record while assets under management declined, illustrating the difference between flows and valuation.