Federal Reserve Bank of Philadelphia President Patrick Harker said disinflation is under way and reiterated that he favors holding interest rates where they are, barring a sharp change in data.
UnitedHealth Group Inc. lifted the lower end of its annual profit forecast as lower-than-expected-medical costs helped the company beat quarterly earnings estimates.
China’s biggest ride-hailing company, Didi Global Inc., aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering in New York in 2021, according to people familiar with the matter.
Microsoft Corp. completed its $69 billion purchase of Activision Blizzard Inc. after a nearly two-year fight with global regulators threatened to scuttle the deal.
Wells Fargo & Co. beat analysts’ expectations for net interest income in the third quarter and again raised its full-year guidance as the bank continues to benefit from higher interest rates.
JPMorgan Chase & Co. posted another quarter of record net interest income and boosted its forecast for the year as the company benefits from higher interest rates and its purchase of First Republic Bank.
International Monetary Fund official Gita Gopinath said that it’s “troubling” that the world’s economic growth prospects in the medium term look so feeble.
Italy’s widening bond spreads aren’t worrying and won’t require intervention from the European Central Bank, Governing Council member Ignazio Visco said.
Canada home prices slipped for the first time since March as higher rates weighed on the market and slowed sales.
Little more than a month since becoming Europe’s most valuable listed company, Novo Nordisk A/S has stretched its lead to more than $100 billion as the buzz around weight-loss drugs gets ever louder.
