The New York Times |
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Inflation Accelerated in October, PCE Index Shows14:00 The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady. U.S. G.D.P. Increased in Third Quarter14:00 Spending by A.I. companies and consumers powered gross domestic product growth in the third quarter. The economy grew 3.4 percent, the fastest pace in a year. Microsoft Up, Google Down. A Tale of Two Hyperscalers.13:28 Investors are showing little patience for lavish spending and meager returns on companies’ artificial intelligence bets. Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?12:57 The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist. DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants12:57 The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform. Hong Kong Leader Apologizes for Deadly Apartment Building Fire12:25 John Lee, the city’s chief executive, said the city’s housing secretary would step down, but he vehemently defended the government. Christine Lagarde to Step Down as President of European Central Bank11:21 Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president. In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation10:17 Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data. Hit the Road This Season With These Useful New Map Features10:17 The recent updates to Google Maps and Apple’s Maps use artificial (and human) intelligence for better navigation, planning and travel guides. Fed Holds Rates Steady Despite Lack of Progress on Inflation1:15 Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy. CNN, MS Now and Politico Update Lawsuit Against Trump Over White House Access22:05 The news outlets argued in an updated lawsuit that they should be granted access to the White House reporting pools. Fed Will Hold Fewer Rate-Setting Meetings Starting Next Year21:33 Kevin M. Warsh, the Federal Reserve’s chairman, said the central bank would vote on interest rates seven times in 2027 and six in 2028. It has traditionally voted eight times per year. Weil Gotshal, Once A Legal Powerhouse, Plans to Dissolve21:33 The prominent law firm has been rocked by an exodus of high profile lawyers, a failed succession plan and a scuttled deal to merge with a rival firm. |
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