Financial News

Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets.

Eurozone Services PMI fuels bets on a smaller ECB rate cut as services inflation persists despite weaker demand.

Tesla’s profit surge and IBM’s AI push drive tech growth, while Mattel struggles with weak toy demand ahead of the holidays. Read our full earnings breakdown.

Gasoline inventories increased by 0.9 million barrels from the previous week.

U.S. existing home sales hit a 14-year low in September as high mortgage rates and elevated prices keep buyers cautious. Explore the key factors and market outlook.

Coca-Cola’s price increases offset declining demand, while Boeing struggles with a costly labor strike. Explore how these giants are navigating market turbulence.

IMF boosts U.S. 2024 growth to 2.8%, citing strong consumption, while cutting China to 4.8%. Geopolitical and trade risks still threaten global recovery.

GM surpasses Q3 expectations and raises 2024 earnings forecast, driven by strong North American sales and higher vehicle prices. Read the full analysis.

Georgia’s coming elections highlight its tough balancing act between the West and Russia. Competing visions for the nation’s future, challenging geopolitics and sanctions risks threaten the sovereign’s ratings.

US Leading Economic Index drops 0.5% in September, signaling slower growth ahead. Learn how key economic indicators point to recession risks in 2025.

Economists expect softer inflation ahead as German producer prices continue to drop, with ECB rate cut expectations for December rising.

SEC’s Ripple case appeal stirs uncertainty as XRP trails behind broader crypto gains, climbing 2.76% this week.

Building permits fell 2.9% to 1.428M, and housing starts dipped 0.5% to 1.354M in September. Housing completions surged 14.6% year-on-year to 1.680M.

China’s economy slows to 4.6% growth in Q3 2024, with retail sales and industrial output offering signs of recovery ahead of Q4.

Netflix adds 5.1M subscribers, beating Q3 expectations with $9.83B revenue, boosting shares 4%, while TSMC’s 54% profit surge on AI demand sends stock up 10%. Elevance Health drops 10% after Q3 earnings miss.

Domestic oil production increased from 13.4 million bpd to 13.5 million bpd.

Natural gas prices are moving away from recent lows as traders react to the EIA report.

U.S. retail sales rose 0.4% in September 2024, driven by strong e-commerce growth. Discover the full economic impact and market outlook in our detailed analysis.

ECB cuts rates to 3.25%, signaling further easing as eurozone inflation falls below target. Weak growth forecasts for Germany and France could drive more market volatility.

Eurozone inflation dips below 2% target, cementing expectations for ECB’s 25-basis point rate cut but eyes now on December.