Consumer spending flattens out after inflation surge
Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.…
DoorDash and Instacart want to join forces. Will the U.S. government get in their way?
The companies say their proposed merger will help smaller grocers compete, but analysts wonder if regulators will conduct an “extended review” of antitrust…
Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last long with prices still rising.
Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central…
Economy grows at fastest pace in more than a year, GDP shows, and shows little sign of slowing.
The U.S. economy ripped off its fastest rate of growth in more than a year, amped up by the boom in artificial intelligence and strong spending by wealthier…
Caterpillar’s stock heads for worst day in 7 years — and what that means for the Dow
Caterpillar’s data center business is fine, but other areas disappointed and the stock was heading for its biggest loss in years. Source：MarketWatch
HTX agrees to halt unlawful UK crypto promotions after FCA case
HTX has pledged to stop crypto marketing in the UK until October 2031, with deposits and new account registrations already blocked there. Source：Cointelegraph
It’s the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.
America has always been a jobcreating machine. It has broken down for three straight years, and the implications could be with us for a long time.…
You can’t rely on the S&P 500 as much as you may think
The index’s weakness may surprise a generation of investors raised on the cult of “stocks always go up.” Source：MarketWatch
Lilly raises outlook for third time this year as Zepbound sales soar
The GLP1 drug continues to dominate the market for prescription weightloss drugs in the U.S. Source：MarketWatch
Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump
Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation…
NYSE owner takes steps to bring Hyperliquid perpetual futures to U.S.
The planned ICE[XYZ] venue would offer 24/7 perpetual futures on stocks, commodities and crypto, pending CFTC approval. ICE is investing in Trade[XYZ].…
Medicare used AI to pre-approve patient care, and it immediately led to a large drop in medical services
Medicare is testing the use of AI to conduct prior authorizations to target wasteful medical spending Source：MarketWatch