News & analysis
Headlines across stocks, business, finance, forex and crypto.
India inflation hits 22-month high of 5.54% in September
India's headline retail inflation reached 5.54% in September, up from 4.82% in August and above the 5.40% economists had expected in a Reuters poll…
Starbucks rules out Chipotle takeover after FT report
Starbucks said Monday it is not buying Chipotle, ending deal speculation after a Financial Times report. Chipotle shares fell, Starbucks rose.
US Stocks Close Mixed as Q3 Earnings Season Opens
US stock indexes closed mixed on Oct 12 as Q3 earnings season opened. Nasdaq reported chips sliding while CoinCentral flagged bank earnings and CPI.
Richard Hermer: AI faces less regulation than a fridge
Former attorney general Richard Hermer argues frontier AI faces less regulation than a fridge and calls for urgent international law to curb existent…
EU Caps Chinese Hybrid EV Imports at 350,000 a Year
The European Commission has confirmed an annual cap of 350,000 plug-in hybrid electric vehicles (PHEVs) imported from China, imposed under World Trad…
Kraken parent Payward wins full Dubai VARA license for UAE launch
Payward, Kraken's parent, has received Full Market Approval from Dubai's VARA, clearing the final licensing stage for a UAE launch covering retail an…
IMF Warns AI Is a Slow-Moving Tsunami for Young Workers
IMF chief Kristalina Georgieva calls AI a 'slow-moving tsunami' for jobs as the World Bank's Jobs Council urges permanent crisis-era hiring support.
UK business inflation pressures hit three-year high as Nobel economics prize awarded
UK business inflation pressures hit a three-year high in September, the Nobel economics prize is announced in Stockholm, and the IFS warns of a £35bn…
Coinbase, Robinhood Futures Hold $581M, Topping US Retail Forex
Coinbase and Robinhood futures units held $581.4M in client funds in August 2026, surpassing the $470M held across all US retail forex dealers.
Trump Forms Committee to Weigh Firing Fed Governor Lisa Cook
Trump has created a committee of inquiry to weigh mortgage fraud allegations against Fed Governor Lisa Cook, with a White House hearing set for Nov…
ESMA Sets January 8, 2027 Deadline to Clear Non-MiCA Stablecoins
ESMA's October 8 opinion gives MiCA-licensed EU crypto firms until about January 8, 2027 to wind down client exposure to non-compliant stablecoins.
OpenAI forecasts $50bn revenue, $20bn below its earlier guidance
OpenAI told investors 2026 revenue will reach $50bn, about $20bn below the $70bn signalled in September, after an accounting gap with Anthropic.
Nasdaq CEO: Tokenization Could Free Tens of Billions in Capital
Nasdaq CEO Adena Friedman says tokenization could free tens of billions in collateral capital as DTCC prepares a stock and ETF tokenization platform…
US Dollar Holds Firm as Consumer Sentiment Hits 46.3
The US dollar held its ground after a fresh reading of American household confidence came in weaker than economists expected. According to MarketPuls…
Brent crude tops $104 as Hormuz attacks lift oil and bond yields
Brent crude topped $104 on 8 October 2026 as Hormuz tanker attacks and Storm Isaias output cuts pushed bond yields higher and stocks lower.
Cocoa Falls Again as ICE Inventories Hit 2.25-Year High
Cocoa futures settled sharply lower for a second session on Wednesday, with December ICE New York cocoa (CCZ26) closing down 118 points, or 2.07%, an…
Vest Labs Raises $13M Pre-Seed Led by Portal Ventures
Vest Labs raised $13M in a pre-seed round led by Portal Ventures, with angels from Citadel Securities, BlackRock and KKR.
Fed Minutes Show Most Officials Favor Another Rate Hike by Year End
Fed meeting minutes show most officials expect another rate hike by year end, but no timing is set; inflation readings and AI-driven demand shape the…
House panel calls Webull’s China ties a security risk; stock drops 30%
A bipartisan US House committee found that Webull, the Nasdaq-listed brokerage with 28 million global users, is tied to China "in structural ways" an…
UK five-year fixed mortgage rate hits 6% for first time in three years
The average five-year fixed-rate mortgage in the UK has reached 6.00%, the first time it has crossed that level in three years, according to figures…
