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Packaging Corp misses quarterly profit estimates on higher costs
Oct 22 (Reuters) - Packaging Corp of America PKG.N missed Wall Street expectations for third-quarter profit on Wednesday, hit by subdued demand amid economic uncertainty and higher costs, sending its shares down more than 7% in after-hours trading.The Lake Forest, Illinois-based company, which provi...Reuters
Wed, Oct 22
US Treasury's Bessent said he expects consumer prices to start coming down, Fox Business interview
WASHINGTON, Oct 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said U.S. consumer prices could start coming down next month or the month after, citing a drop in energy prices and housing prices."Energy prices are down. I think that housing prices are a lagging indicator, espec...Reuters
Wed, Oct 22
Hot market for law grads did not erase racial gaps in hiring, data shows
By Karen Sloan Oct 22 (Reuters) - The U.S. law school class of 2024 enjoyed record-high employment, but the robust job market did not erase longstanding racial hiring gaps, according to new data released on Wednesday by the National Association for Law Placement.The 2024 findings come amid effort...Reuters
Wed, Oct 22
EXCLUSIVE-US considering curbs on exports to China made with US software, sources say
Trump administration considers potential escalation in China trade warMeasure could restrict shipments to China of goods containing or made with U.S. softwarePlan would retaliate against China's rare earth export restrictions if adoptedBy Alexandra Alper, Michael Martina, Jeffrey Dastin and Kare...Reuters
Wed, Oct 22
Mexico's economy grows more than expected in August, but still sluggish
By Brendan O'Boyle MEXICO CITY, Oct 22 (Reuters) - Mexico's economy performed better than expected in August, rebounding from a drop in July and lifted by gains in agriculture, although the outlook remains weighed down by uncertainty. Latin America's second largest economy grew 0.6...Reuters
Wed, Oct 22
EXCLUSIVE-US considering curbs on exports to China made with US software, sources say
Trump administration considers potential escalation in China trade warMeasure could restrict shipments to China of goods containing or made with U.S. softwarePlan would retaliate against China's rare earth export restrictions if adoptedBy Alexandra Alper, Michael Martina, Jeffrey Dastin and Kare...Reuters
Wed, Oct 22
Subprime lender PrimaLend Capital Partners files for bankruptcy protection
By Manya Saini Oct 22 (Reuters) - Subprime lender PrimaLend Capital Partners filed for bankruptcy protection on Wednesday, in another sign that low-income consumers in the United States are under strain.The company's filings in a Texas court showed that it listed both assets and liabilities o...Reuters
Wed, Oct 22
BREAKINGVIEWS-Argentina’s shock therapy short-circuits IMF
By Jon Sindreu LONDON, Oct 22 (Reuters Breakingviews) - Javier Milei's policy success and popularity are falling faster than Argentina's inflation rate. The president's harsh fiscal discipline and ill-advised peso propping will be tested in Sunday's congressional elections. They m...Reuters
Wed, Oct 22
US crude, fuel inventories fall on robust refining and demand, EIA says
Crude stocks fall 961,000 barrels, versus forecasts for a buildRefinery crude runs rise by 600,000 bpd, utilization at 88.6%East Coast refinery utilization highest since January 2023By Liz Hampton and Georgina McCartneyOct 22 (Reuters) - U.S. crude oil, gasoline and distillate inventories fell last ...Reuters
Wed, Oct 22
TREASURIES-U.S. yields inch up as market in consolidation mode, but downtrend intact
No resolution seen in govt shutdown on Day 22ndDowntrend in Treasury yields remain in placeFed is expected to cut rates two more times this yearBy Gertrude Chavez-Dreyfuss NEW YORK, Oct 22 (Reuters) - U.S. Treasury yields drifted higher on Wednesday after falling for two straight sessions, as the...Reuters
Wed, Oct 22
Subprime lender PrimaLend Capital Partners files for bankruptcy protection
Oct 22 (Reuters) - Subprime lender PrimaLend Capital Partners filed for Chapter 11 bankruptcy protection on Wednesday, in another sign that low-income consumers in the United States are under strain.The company's filings in a Texas court showed that it listed both assets and liabilities of less ...Reuters
Wed, Oct 22
US crude stocks, gasoline and distillate inventories fall - EIA
U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 961,000 barrels to 422.8 million barrels in the week ended October 17, the EIA said, compared with analysts' expectations in a Reuters poll for...Reuters
Wed, Oct 22
US homebuilder NVR's quarterly profit falls on lower margins
Oct 22 (Reuters) - NVR NVR.N posted a fall in third-quarter profit on Wednesday as the homebuilder's margins shrank amid high interest rates and tariff-related uncertainties, sending its shares down 2.3%.For the quarter ended September 30, 2025, profit fell 20% from a year ago and 14% on a per-s...Reuters
Wed, Oct 22
Farage ramps up criticism of BoE – Rabobank
In recent weeks, Nigel Farage has sharpened criticism of the Bank of England. His challenge to central bank independence isn’t just opposition rhetoric but signals potential future policy, Rabobank's Senior Macro Strategist Stefan Koopman reports.Fxstreet
Wed, Oct 22
