Fed Officials Say Inflation Should Take Priority With Labor Market Stable
Tom Barkin, Susan Collins and Jeffrey Schmid backed September's rate increase and said inflation remains a concern as the labor market holds steady.
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Stocks Move Lower Amid Weaker Bond Prices
Stocks were weaker after weekly jobless data and as worries around a hot economy, inflation and bulging fiscal deficits pushed bond yields higher again.
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Canada Manufacturing Grows More Modestly in September
Canadian manufacturing activity softened again last month, with the industry continuing to notch a lift in production in the face of a fall in new orders and a spike in cost inflation, data showed.
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Global Dealmaking Cools in Third Quarter
EXCLUSIVE: Fragile artificial-intelligence sentiment and higher borrowing costs helped dampen merger-and-acquisition activity in the third quarter, but giant AI deals mean 2026 is still on track to be the second-highest-volume year for global M&A ever, according to Mergermarket data.
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U.S. Jobless Claims Fall for the Fourth Straight Week
The number of people who filed for unemployment benefits was 197,000, which was 1,000 lower than the revised 198,000 reported a week earlier, while economists expected to see the figure tick up to 200,000.
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Dollar Hits Near 18-Month High on Prospect of Higher U.S. Rates
The dollar jumped to its highest level since April 2025 against a basket of currencies, deriving continued support from the prospect of the Federal Reserve raising interest rates further.
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U.S. Treasurys Stabilize Near Multiyear Highs, European Bond Yields Turn Lower
U.S. Treasury yields turned slightly lower but continued to hover near 24-year highs, while European government bond yields followed suit.
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Eurozone Labor Market Continues to Defy Mounting Economic Headwinds
Unemployment stayed at 6.4% in August, even with higher interest rates and an energy crunch driven by war in the Middle East.
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France Is Ground Zero in the Global Bond Rout
The French government aims to cut tens of billions of euros in spending next year as it seeks to calm investor worries.
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AI Boom Keeps Asian Factory Activity Humming Despite Cost Pressures
Gauges of factory activity in Asia continued to signal expansion at the end of third quarter, as the artificial-intelligence boom offset cost pressures and supply disruptions.
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Oil Rises as Supply Concerns Persist Despite Middle East Crude Exports Recovering to Prewar Levels
Oil prices edged higher as risks around the U.S.-Iran conflict persisted despite Middle East crude exports continuing to recover toward prewar levels.
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AI Boom Powers South Korea's September Exports Past $120 Billion
Exports from Asia's fourth-largest economy, home to memory-chip makers Samsung Electronics and SK Hynix, rose 83.5% from a year earlier to $120.94 billion in September.
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Fed's Kashkari Says Inflation Still Too High, Latest Data Didn't Change View
Kashkari said the bigger surprise in the latest batch of inflation data was the revisions to gross domestic product growth that suggested a resilient economy and consumer.
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Swiss Inflation Rises to Two-Year High on Energy Costs
Annual inflation was 1.0% in September, compared with 0.8% in the prior month, reaching its highest point since August 2024.