US Import Prices Rise 1.1% in September as Fuel Costs Climb 4.8%
US import prices rose 1.1% in September as fuel costs jumped 4.8%, pushing the 12-month gain to 8.1%, the largest since 2022.
Qantas and American Win Five More Years of Joint Pacific Operations
ACCC authorised Qantas and American Airlines to keep running their trans-Pacific joint business until October 2031.
US Retail Sales Rise 0.8% as Gas Prices Lift September Spending
US retail sales rose 0.8% in September on a gasoline surge, while core spending slowed and producer prices jumped 1.3%, raising rate-hike bets.
The AI Wearables Race Is Heating Up. Tech Giants Are Coming for Meta and Oura
Wearables Growth Shifts To Glasses And Rings As Smartwatch Shipments Shrink
Wall Street Banks Say IPO Delays Are Temporary as Rising Bond Yields Stall Deals
Global M&A volumes fell 41% to $993B in Q3 as big banks blamed rising bond yields and valuation gaps for delayed deals and IPO listings.
Premarket Movers: Penske Automotive Jumps on Buyout Deal, Rocket Lab Sinks
Penske Automotive rose 8.6% premarket on a go-private deal while Rocket Lab fell 10% after delaying its Neutron debut and chip stocks slid.
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Morgan Stanley Beats Q3 Estimates on Record Wealth and Trading
Morgan Stanley Posts $20.3B in Q3 Revenue as Equities Trading Jumps 41%
Cox Automotive Cuts 2026 Used Vehicle Forecast to 0.2%
Cox Automotive cut its 2026 Manheim used vehicle forecast to 0.2% as September wholesale prices fell and large trucks and SUVs weakened.
Huber Downgrades Netflix to Underweight, Cuts Target to $70
Huber Research double-downgraded Netflix to Underweight with a $70 target as the streamer cuts about 1,000 jobs before third-quarter results.
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Apple Tops $5T Market Value as HomeView Smart Display Debuts
Apple unveiled the $299 HomeView smart display and crossed $5 trillion in market value, while JPMorgan raised its Apple price target to $360.
NFIB Optimism Index Falls to 97.9 as Inflation Concerns Climb
NFIB's Small Business Optimism Index fell to 97.9 in September as labor and inflation concerns deepened, with borrowing costs and hiring plans weakening.
