Google’s strong earnings boosted by cloud computing gains – The Financial Times
Alphabet’s profit jumped 34 per cent in the third quarter as the parent company of search giant Google reported strong growth in its cloud business...
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US Job Openings Decline to Lowest Level Since Early 2021 – Bloomberg
US job openings fell in September to the lowest since early 2021 and layoffs picked up, consistent with a slowdown in the labor market.Available positions...
Americans’ economic mood is perking up ahead of the election, survey finds – CNN
Americans are emerging from a yearslong funk about the economy, with the presidential election just a week away.The Conference Board’s latest consumer survey showed that...
Banks and regulators warn of rise in ‘quishing’ QR code scams – The Financial Times
Banks and regulators are warning that QR code phishing scams — also known as “quishing” — are slipping through corporate cyber defences and increasingly tricking...
U.K. Shop-Price Deflation Accelerates in October, Report Says – WSJ
U.K. shop prices declined in October for the third consecutive month due to easing food prices and discounts on non-food items that aimed to capitalize...
The Magnificent 7: place your bets – The Financial Times
Alphabet reports this afternoon, Microsoft and Meta follow tomorrow, and Apple and Amazon report on Thursday. Tesla’s (better than expected) numbers came out last week,...
Consumers Have Only Modest Confidence in Fed’s Economic Management, Survey Shows – Bloomberg
A survey of more than 5,000 consumers found only modest confidence in the Federal Reserve’s ability to manage inflation and unemployment effectively. The average level...
What if Microsoft let OpenAI go free? – The Economist
Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI,...
Week Ahead for FX, Bonds: Focus on U.S. Jobs Data, Eurozone Inflation, BOJ Decision – WSJ
Below are the most important global events likely to affect FX and bond markets in the coming week, starting October 28.Key U.S. economic data are...
VW may close plants in Germany for the first time in its history – Washington Post
German carmaker Volkswagen plans to close plants in its home country for the first time in the company’s 87-year history, potentially resulting in tens of...