Wall Street began Thursday trading with a decline, as investors digested a mix of earnings reports from major technology companies alongside cautious remarks from Federal Reserve Chair Jerome Powell, which raised doubts about potential interest rate cuts later this year. At the market open, the Dow Jones Industrial Average (DJIA) dropped 196.40 points, a 0.41%

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Meta Platforms Plans Major Bond Offering BARCELONA, October 30, 2025 — Meta Platforms Inc (NASDAQ: META), the parent company of Facebook and Instagram, is reportedly aiming to raise at least $25 billion through a new bond sale, Bloomberg News reported Thursday, citing sources familiar with the matter. The six-part bond offering includes maturities ranging from

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Cigna Flags Margin Pressure in Evernorth Pharmacy Benefit Business NEW YORK, October 30, 2025 — Cigna Group (NYSE: CI) has warned investors that its pharmacy benefit management (PBM) business will face margin pressure over the next two years, as the company transitions some customers to a new model that eliminates after-market prescription drug rebates. The

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Nigeria Introduces 15% Import Duty on Petrol and Diesel LAGOS, October 30, 2025 — Nigeria has implemented a 15% import duty on petrol and diesel, a move aimed at supporting domestic refiners and promoting fuel self-sufficiency, according to a presidential memo obtained by Reuters. The new measure, signed off by President Bola Tinubu on October

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Turkish Monthly Inflation Forecasted at 2.83% Amid Food and Clothing Price Hikes ISTANBUL, October 30, 2025 — Turkey’s monthly inflation rate is projected to reach 2.83% in October, slightly easing from 3.23% in September, according to a Reuters poll of ten economists. Despite the monthly moderation, the annual inflation rate is forecast to remain elevated

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Mexico’s GDP Contracts as Manufacturing Activity Declines MEXICO CITY, October 30, 2025 — Mexico’s economy contracted by 0.3% in the third quarter of 2025 compared with the previous three months, according to preliminary data released by the National Institute of Statistics and Geography (INEGI). The figure was in line with forecasts from economists polled by

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Treasury Secretary Scott Bessent Urges Revamp of Federal Reserve WASHINGTON, October 30, 2025 — U.S. Treasury Secretary Scott Bessent has praised the Federal Reserve’s recent quarter-point interest rate cut but sharply criticized the central bank for its cautious tone regarding future cuts, describing the institution as “stuck in the past” and calling for a complete

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European Central Bank Maintains Policy Amid Solid Growth and Low Inflation FLORENCE, Italy — October 30, 2025:The European Central Bank (ECB) has opted to keep interest rates unchanged at 2% for the third consecutive meeting, signaling confidence in the eurozone’s economic resilience despite ongoing global trade tensions and geopolitical uncertainties. At a press conference following

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China’s “Big Three” Airlines Rebound with Q3 Profits as Travel Demand Surges BEIJING — October 30, 2025:After a turbulent year marked by weak demand and high operating costs, China’s three largest airlines — Air China, China Eastern Airlines, and China Southern Airlines — reported their first collective quarterly profit in a year, thanks to a

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U.S. and China Agree to Cut Tariffs and Ease Trade Tensions BUSAN, South Korea — October 30, 2025:In a major step toward easing economic tensions between the world’s two largest economies, U.S. President Donald Trump announced that he and Chinese President Xi Jinping reached a deal to reduce U.S. tariffs on Chinese imports from 57%

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