In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform.
Christine Lagarde to Step Down as President of European Central Bank
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.
U.S. GDP Increased 3.4% in Third Quarter
The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.
Volkswagen ‘Must Act Quickly’ After Largest Loss in Over a Decade
The German carmaker warned that it “must act quickly and decisively” to cut costs.
Inflation Accelerated in October, PCE Index Shows
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.
Microsoft Up, Google Down. A Tale of Two Hyperscalers.
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?
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.
Hong Kong Leader Apologizes for Deadly Apartment Building Fire
John Lee, the city’s chief executive, said his housing secretary would step down, but he vehemently defended the government.
Hit the Road This Season With These Useful New Map Features
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 Inflation
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 Access
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 Year
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.
Gina Hinojosa’s Texas Governor Campaign Tests Limits of New Rules for Digital Political Ads
Some of the social media posts paid for by Gina Hinojosa’s campaign for Texas governor don’t include a disclosure, despite a state regulation that likely requires it.
An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
AI Is Finding a Flood of Bugs, and Silicon Valley Is Rushing to Fix Them
A.I. has uncovered a horde of software flaws, which engineers are racing to fix before they can be exploited and abused by hackers.