What's going on, and what to make of it.
business
Private companies added 86,000 jobs in October, beating the 75,000 estimate. Job changers saw 4.8% pay gains, the fastest since March 2024. Trade and transportation led gains, while professional services lost 27,000 jobs.
business
The Reserve Bank of Australia raised its cash rate to 4.85%, the highest since 2008, in a split 6-3 decision. CPI hit 4.3% in September, and the RBA does not see inflation returning to target until late 2027.
business
The Bank of England raised its key rate by 25bp to 4%, its first hike since 2023. The MPC voted 8-1, with Catherine Mann pushing for 50bp. The BoE warned inflation will near 5% by mid-2027, driven by energy prices from the Iran war.
business
The U.S. economy added 165,000 jobs in October, nearly triple the 59,000 estimate. Unemployment fell to 4.1%. Wage growth hit 3.1% annually, and prior months were revised up sharply.
business
China's PPI rose to 5.7% in October, the fastest since June 2022, driven by mining and raw materials. Consumer inflation slowed to 0.7% as food prices fell. The divergence reflects strong export demand and weak domestic consumption.
business
Euro zone CPI rose to 4% in October, the highest in three years, driven by energy inflation of 20.8%. Markets now price a 72% chance of an ECB rate hike in December. French bond market turmoil is complicating the policy path.
business
The BLS reported 7.52 million job openings in September, well above the 7.15 million consensus. Quits jumped to 3.36 million, the highest since March 2025, while layoffs fell to a 19-month low. The data signals labor market resilience ahead of Friday's payrolls report.
business
The 10-year Treasury yield climbed above 5% after inflation came in hotter than expected. Fed Governor Waller backed a half-point rate hike in December, and Goldman Sachs said tightening could extend into 2027.
business
The Russell 2000 is up 13% in 2026, ahead of the S&P 500's 10%. Baron Capital's Cliff Greenberg says small caps are cheap, overlooked, and poised for a turnaround. He likes Shake Shack, Waste Connections, and Texas Roadhouse.
business
Boeing will cut 5% of its commercial airplane division through attrition and layoffs starting in December. CEO Kelly Ortberg says 737 Max production will not significantly increase until the second half of 2027.
business
With $125 billion in assets, Bridgepoint acquired Kayne Anderson Real Estate to build a U.S. foothold. CEO Raoul Hughes and Kayne's Al Rabil see outsized opportunity in medical office, small-bay industrial, and distressed multi-family.
business
The children's clothing retailer filed for bankruptcy with $742 million in assets and $881 million in debts. Saudi-backed Mithaq Capital's majority stake failed to save the company, and the stock trades at 18 cents.
business
The neocloud's stock is down 40% in a month, its bonds yield 15.5%, and credit default swaps signal distress. CEO Michael Intrator says customer commitments are intact. Wall Street is not so sure.
economy
Consumer prices rose more than expected last month, with core inflation also beating forecasts. Fed Governor Waller opened the door to a half-point rate hike in December.
economy
Americans owe more on their cards than ever before, with the average balance hitting $6,678. Delinquencies are rising as inflation and interest rates squeeze consumers.
business
CVS Health will separate its 9,000 retail pharmacies from its insurance and PBM businesses by 2028, reversing the 2018 Aetna acquisition. Shares fell 12% on the news despite a strong earnings beat.
business
Consumer prices rose 0.4% in October, beating estimates. Fed Governor Waller opened the door to a half-point hike. The 10-year yield raced back to 5% as economists warned inflation is not dead.
economy
The national average slipped to $3.978, down 17 cents in a week and 39 cents in a month. Prices remain 91 cents higher than a year ago, when the Iran war had not yet started.
business
GM's CarBravo program certifies used vehicles from any automaker and sells them through dealer networks. 38% of used car shoppers end up buying new, and 50% of buyers are new to the GM brand.
business
GLD has been in a bear market since January, but a MACD buy signal and a false breakdown suggest a counter-trend rally is building. Resistance sits in the $405 to $410 zone.
business
HELOC balances jumped $23 billion in the third quarter, the largest increase since 2005. With $17.5 trillion in home equity and mortgage rates at 7.3%, owners are borrowing against their homes instead of selling.
economy
Brent crude dropped to its lowest level since August after Trump signaled the conflict with Iran is winding down. Analysts are divided on whether a peace deal is possible.
business
PepsiCo will cut about 1,000 jobs across North America as beverage volume falls and food volume goes flat. The stock is down 1% this year while the S&P 500 is up 11%.
economy
The benchmark yield climbed above 5% after inflation came in hotter than expected and Fed Governor Waller opened the door to a half-point rate hike in December. Mortgage rates will follow.
politics
A White House official vowed to press ahead with tariffs even as Gary Cohn warns Americans are paying the bill. A Reuters poll found 62% of Americans support repealing the duties, and October CPI rose 0.4%.
politics
The Labor Department proposed requiring five work-search activities per week for unemployment claimants. Only four states currently require that many, and the job market is in a low-hire, low-fire rut with long-term unemployment rising.
business
The IRS released 2027 capital gains brackets with a six-figure 0% rate limit for married couples. With the S&P 500 up double digits for three straight years, investors have gains to harvest and a wider window to do it tax-free.