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US Retail Sales Rise 0.8% in September, Exceeding Economists’ Forecasts
US retail sales increased more than expected in September, according to figures released by the Commerce Department on Thursday, indicating continued growth in consumer spending during the month. Retail sales rose 0.8% in September, following an upwardly revised increase of 1.3% in August. Economists had forecast a more modest monthly gain of 0.3%, compared with…
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US Initial Jobless Claims Rise Slightly to 199,000, Below Economists’ Forecasts
Initial claims for unemployment benefits in the United States increased marginally in the week ended 10 October, according to figures released by the Labor Department on Thursday, suggesting relatively stable conditions in new unemployment filings. The number of Americans applying for unemployment benefits for the first time rose to 199,000, an increase of 1,000 from…
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US Producer Prices Surge 1.3% in September as Jobless Claims Edge Up to 199,000
US producer prices increased significantly more than expected in September, according to figures released by the Labor Department on Thursday, adding to concerns about persistent inflationary pressures in the American economy. The producer price index (PPI) for final demand rose 1.3% during the month, substantially exceeding economists’ expectations for a 0.5% increase. The reading followed…
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Wall Street Futures Fall as AI Concerns and Rising US Inflation Pressure Technology Stocks: Dow Jones, S&P, Nasdaq
US stock futures pointed to another decline on Thursday as renewed concerns about artificial intelligence investment and stronger-than-expected producer price inflation weighed on market sentiment. Nasdaq 100 futures fell 1.2%, indicating continued pressure on technology stocks following a sharp sell-off in the previous session. Investors were assessing the sustainability of spending on artificial intelligence infrastructure,…
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NUBURU Strengthens NATO and Allied Defence Ambitions Through Tekne Acquisition
NUBURU, Inc. (AMEX:BURU) has completed its acquisition of a 70% controlling interest in Italian defence manufacturer Tekne S.p.A., adding established industrial capabilities in electronic warfare and defence mobility to its broader ambitions in the global defence and security sector. The acquisition represents an important step in NUBURU’s strategy to bring together complementary technologies, manufacturing expertise…
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Mastercard Launches Global Money Platform With BVNK to Integrate Stablecoin and Traditional Payments
Mastercard (NYSE:MA) and BVNK have launched the Mastercard Global Money Platform, a payments infrastructure service designed to allow financial institutions and businesses to manage traditional currencies and stablecoins through a single application programming interface (API). The launch represents the first major product integration between the companies since Mastercard acquired BVNK in August 2026. According to…
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Kimberly-Clark Shares Rise 1.8% as Preliminary Q3 Earnings Beat Expectations
Kimberly-Clark (NASDAQ:KMB) shares gained 1.8% on Thursday morning after the consumer products manufacturer reported preliminary third-quarter 2026 earnings and revenue above analysts’ expectations. The company recorded preliminary net sales of $4.13 billion, slightly exceeding the Wall Street consensus estimate of $4.1 billion. Adjusted earnings per share reached $1.70, beating analysts’ forecasts of $1.60 by $0.10.…
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Charles Schwab Beats Q3 Earnings Forecasts as Revenue Rises 17% and Client Assets Reach $13.33 Trillion
Charles Schwab Corporation (NYSE:SCHW) reported third-quarter adjusted earnings above analysts’ expectations on Thursday, supported by higher trading activity, growth in client assets and increased net interest income. However, revenue fell slightly short of market forecasts, contributing to a decline in the company’s shares during pre-market trading. Adjusted earnings per share reached $1.69, exceeding the consensus…
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FMC Shares Plunge 35% as Company Cuts Q3 2026 Outlook Amid Weak Demand and Inventory Pressures
FMC Corporation (NYSE:FMC) shares fell 35% after the agricultural sciences company sharply reduced its third-quarter 2026 financial guidance, citing weaker-than-expected demand, pricing pressures and elevated inventory valuations among its distribution partners. The company now expects quarterly revenue of between $65 million and $125 million, alongside an adjusted EBITDA loss ranging from $510 million to $565…
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BNY Reports 24% Earnings Growth and Beats Q3 Forecasts, but Shares Fall 1.6%
The Bank of New York Mellon Corporation (NYSE:BNY) reported third-quarter earnings and revenue above analysts’ expectations on Thursday, supported by growth in fee income, higher net interest income and increased assets under custody and administration. Despite the stronger-than-expected results, BNY shares declined 1.58% in pre-market trading as investors assessed the bank’s operating expenses, profitability margins…