LA Post: Latest business news and finance headlines

Business|Economy|Science|Technology

Musk bet big on keeping Texas red. What happens to his business empire now?

November 05, 2026

Georgia high school students compete for construction honors and careers at skills challenge

November 05, 2026

Republicans were punished in the midterms for Trump's economic policies, The AP Voter Poll shows

President Donald Trump was publicly humbled by inflation in the midterm elections, as public anger over rising prices caused a blistering set of losses for Republicans

November 05, 2026

Business|Economy|Finance|Technology

Qualcomm shares slump as weak smartphone chip sales overshadow data-center momentum

Qualcomm shares dropped over 9% in early trading on Thursday after the company's smartphone chip sales missed Wall Street estimates, raising concerns that weakness in its core

November 05, 2026

Business|Economy|Science|Technology

Binance hack prompted US regulators to check in on bank systems, sources say

US regulators contacted banks to check whether their systems had any vulnerabilities after last week's $6.3 billion hack of Binance, alert

November 05, 2026

Arts|Business|Economy

US tariffs squeeze Canadian cabinet makers facing doubling of Trump duty

Alain Ouzilleau spent 40 years building Cabico into one of Canada's biggest kitchen cabinet makers.

November 05, 2026

Business|Economy|Finance

Carney uses higher oil revenue to spend on tax incentives, infrastructure in second Canadian budget

Prime Minister Mark Carney plans to use windfall oil revenue to boost Canada's productivity and build infrastructure over

November 05, 2026

Business|Economy

Carlyle's third-quarter profit beats estimates on pick-up in asset sales

Carlyle Group exceeded third-quarter profit expectations on Thursday as the asset manager monetized more private equity investments and returned cash to

November 05, 2026

Deutsche Telekom says investors already pricing in SpaceX wireless threat

Deutsche Telekom is preparing for the arrival of Elon Musk's SpaceX in the U.S. mobile market, with Chief Executive Tim Hoettges saying on Thursday investors were

November 05, 2026

Oil and the blame game

As has been the case so often this year, a huge move in crude prices dominated world markets on Wednesday as investors tried to figure out the implications of the US

November 05, 2026

Gas deposits off Cyprus are an opportunity for the EU, president says

Cyprus's president says natural gas deposits off the country's coast offer the European Union a chance to boost energy security by diversifying supply

November 05, 2026

Business|Economy|Technology

Micron pauses work on $4.5 billion Taiwan plant, Bloomberg News reports

Micron Technology has suspended plans for a $4.5 billion memory chip plant in Taiwan due to an extended labor dispute, Bloomberg News reported on Thursday, citing people familiar

November 05, 2026

German chamber of commerce raises 2026 growth outlook to 1%

The German Chamber of Commerce and Industry on Thursday raised its 2026 growth outlook for Europe's largest economy to 1% from 0.3%

November 05, 2026

Housebuilding slump drags down UK construction activity, PMI shows

Britain's construction sector shrank last month at its fastest pace since June as housebuilding suffered its worst month of the year, a survey showed on Thursday.

November 05, 2026

Business|Economy|Science|Technology

China to keep anti-dumping, anti-subsidy tariffs on US n-Propanol imports for five more years

China's commerce ministry said it will keep imposing anti-subsidy and anti-dumping duties on n-Propanol (NPA) imports from the US for five years starting on Friday, two

November 05, 2026

Business|Economy|Science|Technology

OpenAI kicks off charm offensive to change voters' view of data centers

Stunning victories by Democrats in US midterm elections this week have been interpreted by many as Americans repudiating tech industry plans to

November 05, 2026

Asia|Business|Economy|US

Businesses see no near-term shift in US trade stance on Vietnam after midterms, amid record surplus

Businesses expect no near-term change in the US trade stance toward Vietnam after the midterm elections weakened President Donald Trump, as the two

November 05, 2026

Business|Economy|Finance|Technology

Nippon Steel raises FY26 profit forecast by 52% on robust US Steel earnings

Japan's biggest steelmaker Nippon Steel on Thursday raised its net profit forecast for fiscal 2026 by 52% to 440 billion yen ($2.8 billion), citing stronger-

November 05, 2026

Business|Economy|Finance|Technology

Microsoft declines option to expand Texas data center deal with Nscale, source says

Microsoft will not exercise an option to more than double the size of its existing agreement with AI cloud provider Nscale to rent more

November 05, 2026

Business|Economy|Europe|Finance

German industrial orders rise slower than expected

German industrial orders rose less than expected in September, increasing by 4.4% from the previous month on a seasonally and calendar-adjusted basis, the federal statistics office

November 05, 2026

Asia|Economy

Trump's political humbling signals short-term gain, long-term pain for China

The midterm drubbing of Donald Trump's Republicans may strengthen China's hand in trade talks with Washington, but Beijing is unlikely to

November 05, 2026

Arts|Business|Economy|World

China says US farm purchases hinge on tariff-cut deal

China is open to buying more US farm goods, but only if the two sides implement their reciprocal tariff-cut agreement, the commerce ministry said on Thursday, signalling

November 05, 2026

Economy|Election

New Zealand leaders make final appeals as election remains tight

New Zealand's party leaders made final appeals to voters on Thursday, three days before a general election that polls show is too close

November 05, 2026

Business|Economy|Science|Technology

AI sharpens cat-and-mouse hacking battle as companies strengthen defences

From hacked supermarket fridges and a record cryptocurrency theft at Binance to an emergency over flaws in widely used web

November 05, 2026

Goldilocks or gridlock?

A look at the day ahead in European and global markets from Ankur Banerjee Investors are wagering that gridlock in Washington after the stunning sweep by Democrats in the US midterm elections will be

November 05, 2026

Business|Economy|Technology

Texas data centers face uncertain future after Hinojosa wins governor’s race

Texas governor-elect Gina Hinojosa has

November 04, 2026

Arts|Australia|Business|Economy

Australia's oldest retailer David Jones enters administration as economic pressures mount

David Jones, Australia's 188-year-old department store chain, entered voluntary administration on Thursday, as rising costs, sluggish retail sales and supply

November 05, 2026

Economy

Paraguay bank crisis spurs lawmakers' calls to impeach president

Paraguay's political crisis deepened on Wednesday as opposition lawmakers pressed ahead with efforts to impeach

November 04, 2026

Business|Economy|Finance|Science|Technology

OpenAI, ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says

OpenAI President Greg Brockman said on Wednesday the company now generates the majority of its revenue from enterprise sales and he believes it

November 05, 2026

Business|Economy

Democrats gain influence over trade agenda, but tariff repeals to hit Trump veto wall

Democrats' resounding sweep to a majority in Congress gives them a big microphone and spotlight to scrutinize President Donald Trump's trade policies, but

November 05, 2026

Economy|Environment|Science

Turkey’s solar boom shines ahead of a UN climate summit but coal and other fossil fuels loom large

Turkey is spotlighting its renewable energy efforts as it hosts the upcoming U.N. climate summit

November 05, 2026

Business|Economy|Finance

Bank of England poised to hike rates for first time in 3 years

The Bank of England is widely expected to raise interest rates for the first time in three years on Thursday due to mounting inflation pressures from the US

November 05, 2026

Business|Economy|Political

White House sets hearing on Fed's Cook for December 14, NYT says

The White House has scheduled for December 14 a planned hearing into allegations of mortgage fraud by Federal Reserve Governor Lisa Cook, the New York Times reported on Wednesday,

November 04, 2026

Arts|Business|Economy|Environment

BOJ debated need for more rate hikes, scope for faster moves, September minutes show

Bank of Japan policymakers saw the need to keep raising interest rates with some signalling the chance of faster-paced increases, minutes of their September

November 05, 2026

Business|Economy|Travel

JetBlue raises baggage fees for a second time as jet fuel prices stay elevated

JetBlue has raised its checked baggage fees for the second time this year

November 04, 2026

Business|Economy|Political|US

Mamdani’s tax on high-end second homes survives legal challenge for now

November 04, 2026

Business|Economy|Travel

Expedia's downbeat revenue forecast dims strong quarter on steady travel demand

Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict

November 04, 2026

Economy|Finance|Stock Markets

Trading Day: Oil tanks, stocks leap on US midterms

Investors put money to work on Wednesday, piling into stocks, bonds, non-dollar currencies and gold following historic US midterm elections that

November 04, 2026

Economy|Finance|World

Brazil's central bank ends run of rate cuts after Lula election win

Brazil's central bank ended a run of interest rate cuts and kept borrowing costs on hold on Wednesday as it grappled with a worsening inflation outlook

November 04, 2026

Business|Economy|Finance|Technology

Rheinmetall shares slide as investors question growth outlook after second guidance cut

Rheinmetall shares fell 13% on Thursday, the biggest decline in the STOXX 600, after the German defence group cut its outlook for a second time in three months,

November 04, 2026

Arts|Business|Economy|Finance|Technology

Chipmaker YMTC's IPO on hold as China tightens share sale approvals, sources say

Flash-memory chipmaker Yangtze Memory Technologies Co has put its Shanghai IPO on hold, according to a company memo and three people with knowledge of the matter, as Beijing tightens

November 04, 2026

Business|Economy|Finance|Sports

LIV's financial backer dropping plan for new league in 2027

LIV Golf's future is in doubt after a Financial Times report that its main investor is dropping plans for LIV 2.0

November 04, 2026

Democrats deliver a stunning rout in Texas to retake power for the first time in decades

For more than 30 years, Texas Democrats had been the party fighting for scraps in the deepest of red states

November 04, 2026

Business|Economy|Finance|Stock Markets

Dow has best post-midterm elections day in 44 years as Democrats take control of Congress

November 04, 2026

US slaps sanctions on Indian, Turkish firms and people for aiding Iran

The US Treasury issued fresh sanctions on Wednesday against companies and individuals based in India and Turkey for their support of Iran, warning that

November 04, 2026

Economy

Trump's midterm drubbing demonstrates the power of data center opponents

Data center

November 04, 2026

Arts|Economy|Europe|MidEast|Technology

Saudi, Syrian defence ministries sign cooperation agreement, SPA reports

Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned

November 04, 2026

Business|Economy|Environment|Finance|Health

3M stock soars following $7.35 billion 'forever chemicals' settlement

Shares of 3M hit an 8-1/2-year high on Wednesday after the industrial products company agreed to pay $7.35 billion to

November 04, 2026

Conservative US Supreme Court justices Thomas and Alito in spotlight after Democratic landslide

The US midterm election landslide that gives Democrats control of Congress starting in January is fueling questions about the longevity of the Supreme

November 04, 2026

Arts|Economy|Election|Europe|MidEast

Politics of fear failed to stop El-Sayed's historic US Senate win

The US president repeatedly branded him a jihadist. His Republican opponent questioned his loyalty to America.

November 04, 2026

Business|Economy|Finance|Stock Markets|Technology

Stocks surge, and the Dow soars 1,500 points as oil prices tumble following the US midterm elections

U.S. stocks soared after President Donald Trump’s party lost its sole control of Washington in the midterm elections

November 04, 2026

Economy|Environment|Political

Democrat permitting bill authors 'not going to wait' for new US Congress

The Democratic architects of proposed bipartisan energy permitting legislation said on Wednesday they would not delay the bill in hopes of securing a better deal next year when

November 04, 2026

Business|Economy|Finance|Political|Stock Markets

Brazil's Lula to reaffirm fiscal commitment in TV address, sources say

Brazil's reelected President Luiz Inacio Lula da Silva is expected to deliver a televised address on Sunday to recommit to budget discipline but without providing policy

November 04, 2026

Business|Economy|Finance|Science|Technology

Arm forecasts third-quarter revenue above estimates on AI spending boom

By Prathik Jayaprakash and Max A.

November 04, 2026

Economy|Environment|Health|Science

3M agrees to pay more than $7 billion to settle 'forever chemical' groundwater contamination claims

3M has agreed to pay up to $7.35 billion to settle lawsuits over groundwater contamination from potentially harmful chemicals in firefighting foam and other products

November 04, 2026

Arts|Economy|Election|Finance|US

Republicans confront a game-changing possibility: They can no longer count on Texas

November 04, 2026

Seven numbers that explain Democrats' US midterm triumph

Republicans suffered a sweeping midterm rout on Tuesday, losing control of Congress as voters abandoned President Donald Trump’s party

November 04, 2026

Economy|Election|Environment

How the Democratic sweep could change US energy policy

Big victories by Democrats in congressional races and beyond in midterm elections on Tuesday were a rebuke to President Donald Trump and will likely affect US energy and

November 04, 2026

Business|Economy|Political|US

Trump is still in charge, but Democrats gain leverage in coming economic debate

From tariffs to oil prices, deregulation to health policy and the freight-train expansion of artificial intelligence, Democratic control of Congress

November 04, 2026

Arts|Business|Economy

CVS to break up $117 billion business, separating pharmacies from insurance; shares fall

CVS Health said on Wednesday it will split in two, separating its retail pharmacies from the Aetna insurance business and pharmacy-benefit operations in

November 04, 2026

World shares advance as Democrats' victory eases political uncertainty

Global stocks rallied on Wednesday after Democrats seized control of both chambers of Congress in the US midterm elections,

November 04, 2026

Business|Economy|World

US slaps sanctions on Indian, Turkish firms and people for aiding Iran

The US Treasury on Wednesday issued fresh sanctions against companies and individuals

November 04, 2026

Economy|Finance|Stock Markets

Markets cheer Democratic win, betting divided Washington means fewer policy shocks

Over the past two years, the Trump administration's sweeping policy shifts in the absence of opposition from a

November 04, 2026

Economy|World

Midterms are bad for incumbents – and even worse when energy prices are high

The US economy is built on energy prices. When people’s bills are high, they tend to vote against incumbents and their parties.

November 04, 2026

Economy|Election|Political

The main parties vying to form New Zealand's next government

New Zealand votes in a general election on November 7 with opinion polls pointing to another close contest between the ruling centre-right National-led coalition and

November 04, 2026

What are the main issues and policies in New Zealand's election?

New Zealanders vote on November 7 in an election dominated by the cost of living, housing, jobs, public services and how to deal with a more uncertain world.

November 04, 2026

Economy|Election|Political|Technology

Crypto’s midterm spending spree stumbles as Democrats rack up big wins

The crypto industry's roughly $200 million spending spree this election stumbled Tuesday, as some of its most expensive and high-profile

November 04, 2026

Business|Economy|Finance|Health

CVS to split into two companies, in major breakup of its $117 billion healthcare empire

November 04, 2026

Business|Economy

US trade deficit narrows slightly in September; imports hit record high

The US trade deficit narrowed slightly in September, though imports increased to a record high amid an artificial intelligence spending spree by

November 04, 2026

Crime|Economy|Europe|Political

Ukraine's corruption police tie senior security officials to major criminal ring

Ukrainian anti-corruption investigators accused senior security officials on Wednesday of shielding a network of illegal businesses ranging from scam centres to

November 04, 2026

Economy|Environment|Political

US to loan about a third of heating oil reserve in bid to tame prices

The US Energy Department said on Wednesday it would loan 300,000 barrels of fuel oil to four companies from the nation's emergency heating oil reserve in an effort to

November 04, 2026

Business|Economy|Finance|Science|Technology

AI boom draws chip supply from other end-markets, Siltronic CEO says

An AI chip boom is redirecting semiconductor supply toward data centres and away from smartphones and PCs, constraining some end markets, Siltronic CEO Michael

November 04, 2026

Dollar declines after Democrats take US Congress in midterm elections

The dollar retreated on Wednesday but was off its earlier lows after a sweeping victory by Democrats in the US midterm elections removed a source of

November 04, 2026

Business|Economy

Irish tax revenue up 10% so far this year

Ireland's tax revenue rose 10.3% in the first 10 months of 2026 compared to a year earlier, excluding one-off proceeds from a ruling related to Apple back taxes, the finance

November 04, 2026

Business|Economy|Political|US|World

Canada says midterms won't change trade stance, sees talks with US officials

A senior Canadian cabinet minister said on Wednesday the US midterm results would not change Ottawa's stance towards trade talks with the US, adding he would speak soon to

November 04, 2026

Business|Economy|Finance

Gold heads for biggest daily gain since August as dollar weakens

Gold surged more than 3% on Wednesday, on track for its biggest daily gain since mid-August as the dollar tumbled after Democrats swept the US midterm elections

November 04, 2026

Democrats' midterm sweep fuels $750 billion Big Tech rally

Democrats' midterm election sweep sent shares in US tech giants soaring on Wednesday as investors bet that potential curbs on new data-center

November 04, 2026

Business|Economy|Finance

AI debt binge isn't crowding out Treasuries, TBAC says

AI-driven corporate borrowing isn't crowding out demand for US Treasuries, according to the latest meeting of the Treasury Borrowing Advisory Committee, which

November 04, 2026

Business|Economy|Finance|Stock Markets|US

Wall St opens higher as Democrats win Congress; data center stocks slide

US stocks opened higher on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts, though data center-related stocks were

November 04, 2026

Business|Economy

Canada's services PMI shows sector shrinking for fifth straight month

Canada's services economy contracted for a fifth straight month in October as trade uncertainty and rising prices weighed on activity, S&P Global's Canada

November 04, 2026

Business|Economy|Environment|Finance|Technology

AI data-center stocks slide, renewables rally after Democratic US midterm sweep

Data-center stocks slid on Wednesday, while clean-energy shares rallied after Democrats seized control of Congress, prompting investors to

November 04, 2026

Arts|Economy|Election|Finance

Election stiffens the Fed's guardrails, but independence risks remain

Democrats' sweeping midterm victory strengthens the Federal Reserve against President Donald Trump's efforts to meddle with it, with the Senate's

November 04, 2026

Dozens dead and missing after Russian strike on Ukrainian aid centre, officials say

The death toll from a Russian bombing of an aid distribution point in Ukraine's southeastern Zaporizhzhia region on Monday has risen to 40,

November 04, 2026

Health insurers, hospitals rally after sweeping midterm win for Democrats

Shares of Medicaid-focused US health insurers and hospital operators rose in early trading on Wednesday as Democrats' sweep of the Senate and House of Representatives in the midterm

November 04, 2026

Business|Economy|Finance

US services sector activity cools slightly in October; inflation remains elevated

US services sector growth slowed marginally in October amid a moderation in new orders, but supply chains remained strained, keeping prices for inputs elevated.

November 04, 2026

Business|Economy|Finance|Technology

HP picks GSK restructuring veteran Walmsley as CEO, shares jump over 6%

HP Inc on Wednesday named former GSK chief and Microsoft board member Emma Walmsley as CEO to steer the PC maker through a memory-chip crunch that has driven up

November 04, 2026

Business|Economy|Technology

From Iran to trade: how the US midterms impact the rest of the world

The US Democrats' "blue wave" of midterm election victories is already causing ripples across the rest of the world, where trade partners, strategic allies and enemies all

November 04, 2026

Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt

Uber forecast fourth-quarter profit below Wall Street expectations on Wednesday, as a shortage of drivers, costlier fuel and the Middle East conflict choked ride-hailing growth from

November 04, 2026

Arts|Economy|Europe|Finance|World

ECB rate hike looks nearly certain after inflation rises to three-year high

Euro zone inflation rose to a three-year high last month on surging food and energy costs and was set to rise further in the coming months, firming up

November 04, 2026

Arts|Business|Economy|Food

McDonald's says US sales on the mend as promotions draw diners back

McDonald's said its US sales were improving on the back of promotions and marketing, following a decline in the third quarter as financially

November 04, 2026

Business|Economy|Finance|Stock Markets|Technology

Flutter pauses share buybacks to focus on cutting costs and debt

Online gaming giant Flutter will pause its share buyback programme to prioritise organic investment, deleveraging and cost-savings, its new CEO said on

November 04, 2026

Arts|Economy|Europe

Montenegro could sign accession treaty with EU in June 2027, European Commission says

BRUSSELS, Nov 4 - The European Union could conclude accession negotiations with Montenegro by the end of this year and could sign an accession treaty with the country as soon as June 2027, the

November 04, 2026

Business|Economy|Stock Markets

US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say

Global companies said on Wednesday that Democrats' capture of the United States Congress is unlikely to

November 04, 2026

Economy|Europe|Political

Ukraine needs to accelerate reforms to meet its EU accession goal, bloc’s executive says

BRUSSELS, Nov 4 - Ukraine would need to speed up reforms if Kyiv wants to meet its own European Union accession negotiation goal, the European Commission said in a report on Wednesday.

November 04, 2026

Business|Economy|Science|Technology

AI shopping agents could threaten Amazon and Walmart's ad business

By Juveria Tabassum, Nicholas P.

November 04, 2026

Trump's midterm drubbing could give trade partners room to resist

The drubbing for Donald Trump's Republicans in US midterm elections could embolden some trade partners to push back against his combative policies, although they may need to tread

November 04, 2026

Economy

Democratic sweep positive for US credit rating outlook, Scope Ratings says

The Democratic sweep of the US midterm elections is positive for the country's sovereign credit rating, Europe-based credit rating agency Scope Ratings said on Wednesday.

November 04, 2026

JPMorgan, HSBC say oil supplies are recovering from Middle East disruption

The global oil market has moved back into surplus after months of disruption caused by US-Israeli war with Iran, JPMorgan said in a note on Wednesday, while HSBC raised its forecasts

November 04, 2026

Business|Economy|Finance

US private payrolls rise in October, ADP says

US private payrolls growth increased further in October, the ADP National Employment Report showed on Wednesday.

November 04, 2026

Business|Economy

US Treasury shifts language, opening door to auction size changes

The US Treasury Department on Wednesday altered its language regarding future auction sizes in a shift that analysts expect will

November 04, 2026

Business|Economy|Finance

Canada's trade surplus widens to more than four-year high in September

Canada posted a trade surplus of C$5.35 billion ($3.83 billion) in September, the highest since May 2022, data showed on Wednesday, helped by gold and

November 04, 2026

McDonald's plans new value bundles next year after US traffic falls in third quarter

McDonald’s plans to introduce new value-oriented meal bundles early next year after a disappointing third quarter that saw lower traffic at U.S. restaurants

November 04, 2026

Economy|Political|World

International politicians react to Democrats winning US midterms

Governments and politicians around the world reacted to the Democrats winning the US midterm elections, a result that could have major implications for global trade, security and

November 04, 2026

Economy|Political

Iran's Khamenei says US hostility will persist regardless of party in power

Washington's hostility towards Tehran will not change through partisan shifts or any concessions to the US, and those who believe otherwise are “greatly mistaken”, Iran's

November 04, 2026

Business|Economy

Toronto home sales rise for first time in three months in October

Greater Toronto Area home sales rose for the first time in three months in October as lower selling prices offset the recent increase in borrowing costs to

November 04, 2026

Spain's Sanchez reshuffles cabinet after transport minister quits over train crashes

Spanish Prime Minister Pedro Sanchez said on Wednesday his deputy, Carlos Cuerpo, would provisionally run the Transport Ministry after

November 04, 2026

Business|Economy|Finance

Global central banks hit pause in October after September hiking spree

Global central banks largely hit the pause button in October after a round of rate hikes the previous month, though policymakers and

November 04, 2026

Business|Economy|Election|Finance

‘How did we get here?’: Inside a losing GOP campaign defined by Trump

November 04, 2026

Business|Economy|Finance|Health

How CVS built a healthcare empire it now plans to split

CVS Health said on Wednesday it would split its retail pharmacy business from its insurance and pharmacy benefit operations, unwinding years of expansion that turned the drugstore

November 04, 2026

Economy|Finance|Technology

Tangled up in blue

US Democrats' historic sweep of both houses of Congress on Tuesday was well telegraphed

November 04, 2026

Business|Economy|Health

Novo hikes outlook again as it speeds up Wegovy pill rollout

Obesity drugmaker Novo Nordisk raised its 2026 outlook for the third time this year on Wednesday as quarterly sales

November 04, 2026

Asia|Business|Economy|Travel

Stranded cruise ship Odyssey leaves Cambodia with no passengers

A U.S. cruise ship that suspended its operations in Cambodia has left with only crew aboard, according to Cambodian officials

November 04, 2026

Economy|Stock Markets|Technology

European shares jump over 1% after Democrats sweep US Congress, Novo Nordisk surges

The European equity benchmark closed at a more than two-month high on Wednesday in broad-based gains after Democrats won control of both chambers of

November 04, 2026

Arts|Business|Economy|Europe

BMW takes second profit warning in stride as it ramps up cuts

Premium automaker BMW got a boost to shares on Wednesday despite slashing its financial targets for a second time this year and reporting a quarterly profit

November 04, 2026

Business|Economy|Finance

Spanish services growth cools, still above trend, PMI shows

Spain's services sector saw strong growth in October, though the expansion was slower than in each of the previous three months as new business growth cooled and export sales fell, a

November 04, 2026

Arts|Business|Economy

Italy services growth accelerates but cost pressures intensify, PMI shows

Italy's service sector growth accelerated in October, a survey showed on Wednesday, but cost pressures intensified further, driven by turmoil in the Middle East.

November 04, 2026

James Talarico becomes first Democrat to win statewide in Texas since 1994

By Nolan D.

November 04, 2026

Business|Economy|Finance

French services sector contracts in October at fastest pace since May, PMI shows

France's services sector contracted in October at its fastest pace since May, as protests in the euro zone's second-biggest economy contributed to a drop-off in domestic demand, a

November 04, 2026

Business|Economy|Europe

Germany services growth slows in October as demand slips, PMI shows

Germany's services sector expanded for a second straight month in October, but at a slower pace as new business fell and weaker demand weighed on hiring, a business survey

November 04, 2026

Business|Economy|Europe|Finance

Euro zone economic growth slows to four-month low in October, PMI shows

The euro zone's economic expansion slowed sharply but did remain resilient in October as demand — a key gauge of underlying momentum — came close to stalling while rising

November 04, 2026

Economy|Political|World

Colombia's congress passes bill replacing former president's 'total peace' approach

Colombia's Congress toughened the terms offered to members of illegal armed groups who hand themselves in by passing a bill proposed by President Abelardo De La Espriella

November 04, 2026

Business|Economy|Europe|Finance

Euro zone wage growth to rebound slightly next year, ECB says

Wage growth in the euro zone is likely to rebound slightly in the first nine months of next year based on the latest pay deals, the European Central Bank said on Wednesday

November 04, 2026

Africa|Economy|Political|US|World

South Africa says US midterm results usher in new era

South African President Cyril Ramaphosa said on Wednesday that the results from midterm elections in the United States would usher in a new era in world relations,

November 04, 2026

Business|Economy

UK services growth hits 8-month high in October, PMI shows

British services companies last month reported the strongest growth since the start of the US-Iran conflict in February, helped by rising orders and employment, but they also noted

November 04, 2026

AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge

(Corrects paragraph 7 to show warrants issued to both companies, and not just OpenAI, carry share price thresholds) By Max A.

November 04, 2026

It's too early to call the outcome of California's proposal to tax billionaires

A California measure to tax the net worth of billionaires was too early to call Wednesday morning as the vote tally continued

November 03, 2026

Democrat Troy Jackson ousts Republican Senator Susan Collins in Maine

Maine Republican Senator Susan Collins conceded to Democrat Troy Jackson on Tuesday, scoring a major pickup for Democrats in one of the midterms’ most competitive

November 04, 2026

Business|Economy|Finance

BMW reports lower Q3 earnings as restructuring spells more pain towards end of year

BMW's pre-tax earnings fell in line with expectations in the third quarter with hefty restructuring charges looming towards the end of the year, forcing another cut to its

November 04, 2026

Business|Economy|Election|Stock Markets|Technology

Market analysts react to Democratic sweep in US midterms

Democrats swept to majorities in both the US Senate and House in midterm elections on

November 04, 2026

Business|Economy|Finance

Smith+Nephew cuts outlook after failed orthopaedics deal talks with J&J

Smith+Nephew cut its full-year revenue and profit forecast on Wednesday as the British medical device maker also confirmed that talks about a potential merger with Johnson &

November 04, 2026

Business|Economy|Europe|Fashion and Beauty

Jeweller Pandora slightly raises outlook and speeds up launches

Jewellery maker Pandora edged higher its near-term revenue and profitability targets on Wednesday, saying it expected a boost in demand

November 04, 2026

Business|Economy|Election|Finance|Stock Markets

Investors poised for US gridlock as Democrats projected to win control of House

(Corrects company name to State Street Investment Management from State Street Global Advisors in 7th paragraph) By Lewis Krauskopf, Suzanne McGee and Gregor Stuart Hunter NEW YORK/SINGAPORE, Nov 3 (

November 03, 2026

Economy|Election|Political|US

‘Epic’ blue wave helps Democrats take Congress in overwhelming rebuke to President Trump

Election Day turned into a massive rebuke of President Donald Trump: a blue wave not seen in 20 years that was built on transforming the economy and rising prices into a central line of attack.

November 04, 2026

Business|Economy

India services growth hits 4-month high as domestic demand improves, PMI shows

India's dominant services sector expanded at its quickest pace in four months in October as improved domestic demand boosted new business, although hiring turned subdued

November 04, 2026

Business|Economy|Technology

Toyota second-quarter profit seen climbing 18%, first increase in six quarters

Toyota is forecast to report its first increase in operating income in six quarters on Thursday, as a weaker yen and robust demand for its more profitable

November 04, 2026

Business|Economy|Finance|Stock Markets|US

Markets fret blue wave will drown data centres

A look at the day ahead in European and global markets from Wayne Cole.

November 04, 2026

Asia|Business|Economy|Travel

Cruise ship leaves Cambodia after forcing hundreds of passengers off

After disembarking more than 200 passengers who had paid tens of thousands of dollars to live on board for years, the Villa Vie Odyssey

November 04, 2026

Economy|Finance|Stock Markets|US

Rupee ends a tad higher as dollar slips after US midterms

The Indian rupee ended modestly higher on Wednesday, aided by a weaker dollar and lower oil prices as investors assessed the impact of US midterm election

November 04, 2026

Business|Economy|Finance

Estee Lauder sets 2030 growth, margin targets as turnaround advances

Estee Lauder said on Wednesday it aims to lift its adjusted operating margin by as much as 5.6 percentage points over the next three years, as the cosmetics maker builds on progress

November 04, 2026

Arts|Business|Economy|Food

Lindt investors seek board shake-up at chocolate maker after CEO ouster

Influential investors in Swiss chocolate maker Lindt & Spruengli are calling for sweeping boardroom changes at the maker of Lindor truffles

November 04, 2026

Business|Economy|Technology

Oracle abandons $7 billion Tencent AI deal under Trump pressure, FT reports

Oracle has canceled a multibillion-dollar chip leasing contract with Tencent after bowing to pressure from the Trump administration, the Financial Times reported on Wednesday.

November 04, 2026

Business|Economy|Finance|Technology

Former elementary school teacher becomes newest paper billionaire in China

November 04, 2026

Trump’s personal push of Darline Graham in South Carolina comes back to bite his party

November 04, 2026

Business|Economy|Finance

UAE non-oil firms raise prices at record pace in October, PMI shows

The United Arab Emirates' non-oil private sector expanded strongly in October as new orders accelerated and firms passed on surging costs at a record pace, a business survey

November 04, 2026

Business|Economy|Finance

China's services growth slows to three-month low as confidence weakens

China's services activity in October expanded at its slowest pace since July, with business confidence easing as firms grappled with fierce competition and rising costs, a

November 04, 2026

What Americans are saying about how they voted in the midterm elections

As Americans cast ballots in midterm elections that will decide control of Congress, voters told Reuters they were motivated by issues ranging from the cost of living to

November 04, 2026

Business|Economy|Finance|Science|Technology

Japan fund JIC plans to sell JSR to Mitsui Chemicals, sources say

Japan Investment ‌Corp (JIC), a state-backed fund, plans to sell chipmaking materials maker JSR to Mitsui Chemicals in a deal that could exceed

November 04, 2026

What motivated voters in the 2026 midterm elections, according to The AP Voter Poll

The AP Voter Poll suggests that President Donald Trump's 2024 coalition may be faltering in this year's midterms, with young voters and Hispanic voters appearing to move away from the GOP

November 04, 2026

Tesla misled South Korean customers about automated-driving tech, consumer group alleges

Tesla has misled tens of thousands of South Korean customers by marketing driver-assistance software that the company knows cannot be legally used

November 04, 2026

Business|Economy

Suncor Energy tops profit estimates on higher oil prices, margins

Canada's integrated oil and gas producer Suncor Energy surpassed analysts' expectations for third-quarter profit on Tuesday, as higher oil prices and strength in refinery margins

November 03, 2026

Business|Economy|Health|Science

AbbVie expands Oxford R&D facility as part of £120 million-plus investment

AbbVie has expanded its UK research and development facility in Oxford as part of a more than £120 million ($161 million) investment, the US drugmaker said on Wednesday.

November 04, 2026

Business|Economy|Finance

Australia September household spending rises 0.6%

Australian household spending bounced in September as higher petrol prices ate more of people's budgets, data showed on Wednesday, while air travel got a boost from major

November 04, 2026

3M commits $7.35 billion to settle 'forever chemicals'-related claims

Industrial conglomerate 3M said on Tuesday it would commit nearly $7.35 billion over nine years to settle PFAS "forever chemicals"-related personal injury claims.

November 04, 2026

Economy|Finance

Paraguay's central bank chief resigns at president's request as digital lender crisis deepens

Paraguay's central bank head submitted his resignation on Tuesday at President Santiago Peña's request, as authorities launched resolution proceedings

November 03, 2026

Business|Economy|Finance|Stock Markets

Trading Day: AI trade rebounds, midterms awaited

A solid rebound in heavyweight tech stocks lifted the S&P 500 and Nasdaq on Tuesday, as investors digested some surprisingly strong US economic

November 03, 2026

Meta raises $15 billion in five-part US bond sale to fund AI expansion

Meta Platforms said on Tuesday it is raising $15 billion through a five-part US dollar bond offering, as the Facebook parent turns to debt markets to help finance accelerating

November 03, 2026

Man charged with mailing hundreds of letters containing powder to officials ahead of the election

Federal authorities charged an Oklahoma man with sending hundreds of letters containing white powder to public officials

November 03, 2026

Business|Economy|Finance|Science|Technology

Ambani's Jio explores tech-for-equity talks with Comcast and Charter, sources say

Indian billionaire Mukesh Ambani's Jio Platforms has held talks with several companies including Comcast and Charter

November 03, 2026

BMW cuts automotive outlook for second time as restructuring deepens

BMW cut the profit margin outlook for its core automotive business on Tuesday for the second time in five months, citing one-off costs from accelerating job cuts and restructuring it

November 03, 2026

Business|Economy|Political|World

Brazil, Venezuela foreign ministers discuss trade, Amazon cooperation

Brazilian Foreign Minister Mauro Vieira and his Venezuelan counterpart, Oliver Blanco, met on Tuesday in Madrid on the sidelines of the 30th Ibero-American Summit,

November 03, 2026

Business|Economy|Election|Finance

Stocks wobble as investors watch US midterm elections

Global equity markets wobbled on Tuesday with investors eyeing the outcome of the US midterm elections, while oil prices continued their descent amid

November 03, 2026

Business|Economy|Technology

Block raises full-year profit outlook as Cash App drives Q3 growth

Jack Dorsey-led Block raised

November 03, 2026

Business|Economy|Travel

LATAM Airlines trims earnings outlook as fuel costs bite

LATAM Airlines cut its core earnings outlook for this year on Tuesday as soaring fuel prices squeezed margins, though it raised projected revenues after strong travel demand lifted

November 03, 2026

Business|Economy|Finance|Stock Markets|Technology

Super Micro forecasts quarterly revenue above estimates on strong AI server demand

Super Micro Computer forecast second-quarter revenue above Wall Street estimates on Tuesday as strong demand for its AI-optimized servers boosted sales,

November 03, 2026

Business|Economy|Finance

AIG beats profit estimates on premium growth, investment income

Insurance giant AIG swept past analysts' estimates for third-quarter profit on Tuesday, as higher investment income and premium growth helped offset a jump in catastrophe losses.

November 03, 2026

Business|Economy|Travel

Booking Holdings takes $1 billion hit to third-quarter results linked to FTC action

Booking Holdings said on Tuesday it recorded a $900 million reduction in revenue and accrued a loss of $100 million related to an FTC

November 03, 2026

Business|Economy|Technology

SK Hynix's New York chip plans hit snag over US restrictions on China, sources say

US officials have held up approval for American chipmaking equipment needed by SK Hynix to expand production in China, complicating the South Korean chipmaker's

November 03, 2026

Business|Economy|Stock Markets|Technology

Nvidia and other Big Tech stocks lift the US market despite drops for Apple and much of Wall Street

A rebound for some influential Big Tech stocks helped lift the U.S. market despite a drop for Apple and mixed trading elsewhere on Wall Street

November 03, 2026

Justice Department sends criminal target letters in Alaska probe to people aligned with Democratic party

November 03, 2026

Business|Economy|Sports

Major League Baseball proposes delaying salary cap start until 2028 in talks with players

Major League Baseball has proposed delaying the start of a salary cap until 2028

November 03, 2026

Economy|Political

Haiti's prime minister Fils-Aimé speaks out as concerns over El Salvador's troops deepen

Haiti’s leader has spoken publicly for the first time since four Salvadoran aviation technicians went missing, prompting El Salvador to deploy more than 2,000 troops to the troubled Caribbean country as scrutiny over their operations intensifies

November 03, 2026

Business|Economy|Finance|MidEast

Gulf oil flows dip in October from post-Iran war high, data shows

By Ahmad Ghaddar LONDON, Nov 3 - Gulf oil exports dipped in October from September's levels, which were the highest since the Iran war started, data from two ship-tracking companies showed, although

November 03, 2026

Economy|Europe

Bundesbank's Nagel joins ECB chorus backing December rate hike

Another European Central Bank rate hike in December seems almost inevitable, Bundesbank President Joachim Nagel said on Tuesday, joining an already long list of

November 03, 2026

US lawmakers, in letter, question McDonald’s CEO about algorithmic pricing practices

By Waylon Cunningham Nov 3 - US Senator Elizabeth Warren and four other lawmakers questioned McDonald's use of algorithmic pricing tools in a letter to CEO Chris Kempczinski, which the lawmakers

November 03, 2026

Business|Economy|Finance|Technology

Nasdaq ends higher as AI heavyweights rebound ahead of midterm results

The Nasdaq ended higher on Tuesday as AI heavyweights rebounded ahead of US midterm election results, while Apple fell after the iPhone maker joined the list of Big

November 03, 2026

Arts|Business|Economy|Environment

New Jersey governor warns ports against accepting Russian diesel

New Jersey Governor Mikie Sherrill warned local port officials and terminal operators against accepting Russian diesel, saying those shipments break federal law.

November 03, 2026

Arts|Economy

US strikes in the Strait of Hormuz create more questions about what’s ahead

Many in the Middle East remain on edge after the United States carried out limited strikes on Iranian targets just hours before Tuesday’s midterm elections in the U.S. The strikes in the Strait of Hormuz are raising more questions about what’s coming next

November 03, 2026

Mother calls for change after second person falls through gap between two Kansas City, Kansas, roads

November 03, 2026

Arts|Business|Economy|Technology|World

US factory orders beat expectations in September amid broad strength

New orders for US factory goods increased more than expected in September, boosted by bookings for aircraft and a range of other goods, government data showed on Tuesday.

November 03, 2026

Business|Economy|Finance

Mexico analysts slightly lift inflation, growth forecasts

Private sector analysts polled by Mexico's central bank edged up their expectations for headline inflation this year and 2027, while also nudging up their economic

November 03, 2026

Economy|Finance|Political

Bank of Canada head says fiscal policy not hitting fight against inflation

The Canadian government's current fiscal policy is not making it harder for the Bank of Canada to fight inflation, Governor Tiff Macklem told the House of Commons finance

November 03, 2026

Arts|Economy|Environment

Berkshire-owned utility urges Oregon top court against 'mammoth' wildfire class action

The Oregon Supreme Court on Tuesday struggled with whether to revive a jury verdict that could expose Berkshire Hathaway's PacifiCorp utility to tens of billions

November 03, 2026

US billionaire leads swap plan to buy Lukoil's overseas assets, sources say

A consortium led by US billionaire Todd Boehly is preparing a securities swap to acquire sanctioned Russian oil major

November 03, 2026

Economy|Finance

Brazil's Lula not weighing proposal to slash interest rates, minister says

Brazil's re-elected President Luiz Inacio Lula da Silva is not considering a proposal from an influential economist to slash benchmark interest rates as a

November 03, 2026

Economy

King Charles says he is determined to build a better future after shame of slavery

King Charles told Commonwealth leaders on Tuesday his greater understanding of the horrors of slavery had made him more determined

November 02, 2026

Business|Economy|Finance

Marathon profit beats estimates on soaring margins; strikes $4.2 billion refinery deal with CVR

Marathon Petroleum beat Wall Street estimates for third-quarter profit on Tuesday on strong refining utilization and elevated margins, buoyed by fuel supply disruptions due

November 03, 2026

European supermarket fridges got hacked. Again. Here's what to know

Mysterious cyberattacks on European supermarket fridges have officials scrambling to understand what happened

November 03, 2026

Russia trying to foment 'instability' in Poland, PM Tusk says

Polish Prime Minister Donald Tusk accused Russia on Tuesday of seeking to fuel "instability" in Poland by meddling in a dispute between his government and the president over the

November 03, 2026

Business|Economy|Finance|Technology

Betting on US midterms brings rush, stress as serious money goes on the line

(Corrects description of Poser's book to note it is partly about prediction markets, and his trading model to drop reference to Wall Street career, both in fourth paragraph) By Suzanne McGee, Douglas

November 03, 2026

Economy|Finance|Stock Markets

S&P 500, Nasdaq open higher as oil prices extend declines, midterms on tap

The S&P 500 and the Nasdaq opened higher on Tuesday as crude oil prices fell further heading into the US midterm elections, while Apple joined the list of Big Tech companies whose

November 03, 2026

Spain's transport minister resigns over deadly train crash

Spain's transport minister, Oscar Puente, announced his resignation on Tuesday over last week's deadly train crash, the country's

November 03, 2026

Nine things on US voters' minds ahead of midterm elections, according to Reuters/Ipsos poll

The rising cost of living will be top of mind for Americans as they head to the polls in Tuesday's midterm elections which will determine control of

November 03, 2026

Arts|Business|Economy|Europe|World

Paraguay seizes major digital bank tied to president, leaving millions of customers in limbo

Paraguay’s central bank has seized Ueno Bank, a major digital lender with close ties to President Santiago Peña, fueling a political crisis and threatening the country’s reputation among investors

November 03, 2026

Economy

Trump says US close to trade deal with Canada, Carney says work remains

President Donald Trump said on Tuesday the United States was close to making a trade deal with Canada, but Canadian Prime Minister Mark Carney said work remained to be

November 03, 2026

Business|Economy|Finance|Health|Science

Pfizer raises 2026 forecasts as Eliquis, cancer drugs drive third-quarter results

Pfizer raised its full-year profit and revenue forecasts on Tuesday as strong demand for its recently acquired cancer drug Padcev and blockbuster

November 03, 2026

Economy|Environment|Science

Lightning strike ignites buried waste, starting monthslong underground fire in Pittsburgh

November 03, 2026

Arts|Business|Economy|Finance

Fiserv cuts 3,000 employees and contractor jobs under new CEO

Fiserv has cut its employee and contractor base by 3,000 since June, including a reduction of senior management by more than 10%, CEO Takis Georgakopoulo said on an earnings call on

November 03, 2026

South Africa braces for some job losses as US trade benefits end

South African exporters are weighing potential job losses and squeezed margins after Washington moved to end the country's duty-free access to the US

November 03, 2026

Business|Economy|Finance

Apollo assets reach $1.07 trillion on alternative investment demand

Apollo Global Management reported $53 billion in third-quarter inflows on Tuesday, pushing its assets under management to $1.07 trillion, as demand for private

November 03, 2026