China’s industrial profits surge 21.6% in September, biggest jump in nearly two years
That sharp jump extended a strong rebound since August and represented the biggest jump since November 2023.
CNBC Daily Open: Cooler-than-expected U.S. consumer inflation adds to market cheer
However, the lack of data, such as the jobs report, because of the U.S. government shutdown, means we don’t know what the overall economic picture looks like.
South Korean markets lead regional gains after U.S.-China trade talks show progress
Asia-Pacific markets traded higher Monday, led by South Korea, after top U.S. and Chinese trade negotiators hashed out a framework on several disputed issues.
HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case
Herald Fund SPC sued HSBC’s Luxembourg unit in 2009, claiming restitution of securities and cash it said were lost in the fraud.
Stock futures climb ahead of Big Tech earnings, widely expected Fed rate cut: Live updates
Stock futures gained Sunday, as investors bet that several potentially positive macroeconomic developments in the week ahead would boost U.S. equities.
Workers reject Boeing’s latest offer after nearly three months on strike
The International Association of Machinists and Aerospace Workers union on Sunday voted to reject Boeing’s latest contract offer.
Novartis is in talks to buy U.S. biotech firm Avidity Biosciences for more than $70 a share, Bloomberg News reports
Swiss pharmaceutical giant Novartis is nearing a deal to buy biotechnology company Avidity Biosciences for more than $70 a share, Bloomberg News reported.
Scott Bessent says he’s ‘felt this pain’ from China because ‘I’m actually a soybean farmer’
Treasury Secretary Scott Bessent’s estimated hundreds and millions of dollars in wealth includes soybean and corn farmland in North Dakota.
American Airlines is arriving late to the luxury travel boom. Can it catch up?
American Airlines has fallen behind large rivals Delta and United in seeking out luxury customers, bringing in profit and more.
Government shutdown curtails nonprofit funding, putting vital services in jeopardy
As the standoff in Washington drags on, many nonprofits have lost access to the federal grants essential to their operations.