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BREAKINGVIEWS-The K-shaped economy is claiming corporate victims
By Pranav KiranTORONTO, Oct 30 (Reuters Breakingviews) - For corporate America, youth appeal is becoming a liability. As older and richer consumers become more and more crucial to keeping up U.S. spending, their poorer or younger peers are falling behind. The problem is big enough that it’s now show...Reuters
Thu, Oct 30
Goldman Sachs CEO Solomon warns of a US 'reckoning' on government debt
Oct 30 (Reuters) - Goldman Sachs GS.N CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster."If we continue on the current course, and we don't take the growth level up... there will be a reckoning,...Reuters
Thu, Oct 30
What the latest Fed rate cut means for your money — even if the next one is not certain
Fed rate cut impacts bonds, savings, and credit cardsExperts predict further rate cuts in next 6-12 monthsMortgage rates drop, expected to fall below 6% in a yearBy Lauren Young NEW YORK, Oct 30 (Reuters) - The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage poi...Reuters
Thu, Oct 30
US 30-year fixed-rate mortgage falls to one-year low of 6.17%
WASHINGTON, Oct 30 (Reuters) - U.S. mortgage rates dropped to a one-year low this week, but scope for further declines is limited as Treasury yields have risen after Federal Reserve Chair Jerome Powell tempered expectations for another interest rate cut in December.The average rate on the popular 30...Reuters
Thu, Oct 30
TREASURIES-Uncertain prospects for further Fed rate cuts boost Treasury yields
Fed's Powell says December rate cut not guaranteedUS Treasury yields rise amid lower rate-cut oddsGovernment shutdown's effect on data may affect policyBy Tatiana Bautzer NEW YORK, Oct 30 (Reuters) - U.S. Treasury yields continued to rise on Thursday as markets saw lower odds of another F...Reuters
Thu, Oct 30
Brazil's September budget gap slightly narrower than expected
BRASILIA, Oct 30 (Reuters) - Brazil's central government recorded a primary budget deficit of 14.497 billion reais ($2.68 billion) in September, Treasury figures showed on Thursday. Economists polled by Reuters were expecting a larger 15.3 billion reais shortfall.The result reflected a modest 0....Reuters
Thu, Oct 30
Mexico's economy contracts in third quarter as industrial activity slows
MEXICO CITY, Oct 30 (Reuters) - Mexico's economy contracted 0.3% in the third quarter from the previous three-month period, preliminary data showed on Thursday, marking its first year-on-year quarterly decline since 2021 and raising prospects its central bank will press ahead with a fresh intere...Reuters
Thu, Oct 30
TEXT-Lagarde's statement after ECB policy meeting
Oct 30 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is251030~4f74d...Reuters
Thu, Oct 30
Burger King parent beats quarterly estimates on resilient restaurant traffic
By Neil J Kanatt Oct 30 (Reuters) - Restaurant Brands QSR.N QSR.TO beats quarterly sales and profit estimates on Thursday, helped by resilient traffic at its Burger King and Tim Hortons chains.Menu updates and a focus on value pricing helped the Toronto-based restaurant chain operator offset broa...Reuters
Thu, Oct 30
Malawi central bank holds key rate at first meeting under new government
BLANTYRE, Oct 30 (Reuters) - Malawi's central bank kept its main interest rate unchanged at its first monetary policy meeting since President Peter Mutharika returned to power. The policy rate was left at 26% MWCBIR=ECI, where it has been since February 2024 in an effort to bring down d...Reuters
Thu, Oct 30
Germany's economy stagnates in third quarter as exports fall
Germany's GDP stagnates in Q3 amid declining exportsChancellor Merz's fiscal measures face delaysEmployment growth remains weak, says labour officeInflation stays above targetBy Friederike Heine and Rene Wagner BERLIN, Oct 30 (Reuters) - Germany's gross domestic product stagnated in ...Reuters
Thu, Oct 30
ECB keeps rates unchanged as economy hums along despite trade strife
FLORENCE, Italy, Oct 30 (Reuters) - The European Central Bank kept interest rates unchanged at 2% in a well-telegraphed decision on Thursday, offering no clues about its next move, even as investors keep betting that one final cut may be on the agenda in the coming months. The ECB has kept rates ste...Reuters
Thu, Oct 30
Germany annual CPI inflation edges lower to 2.3% in October vs. 2.2% expected
Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), declined to 2.3% in October's preliminary estimate from 2.4% in September, Germany's Federal Statistical Office reported on Thursday. This print came in above the market expectation of 2.2%.Fxstreet
Thu, Oct 30
