Layoffs of federal employees continue as the U.S. government shut down nears the one-month mark. More than 4,100 federal employees have been laid off since the U.S. government shutdown began on Oct. 1, according to a statement from the U.S. Department of Justice.
For the first time since 2012, institutional investors as a group have reduced the amount of money they have allocated to commercial real estate, the Financial Times reported.
Private equity firm BlackRock reported assets under its management at the end of the third quarter were valued at $13.46 trillion, compared to $11.48 trillion a year earlier.
Tariff rates and targets change so frequently that not even Trump can keep track of them.
The private credit market has ballooned in recent years, reaching an estimated $3 trillion at the beginning of 2025.
General Motors will take a $1.6-billion charge against its third-quarter earnings to recalibrate its electric vehicle (EV) plans now that the federal tax credit of up to $7,500 on EV purchases has ended, the company announced last week.
For the second year in a row, furniture retailer IKEA posted sales less than those of the year before. Sales ticked down 0.3 percent to $51.9 billion when currency differentials were accounted for.
On 17 October, S&P Global downgraded France’s creditworthiness by one notch, citing political instability that is preventing the country’s parliament from resolving a budget crisis.
Consumer prices in China slipped 0.3 percent in September, month on month, as domestic demand for goods and services continues to languish amid an unresolved, four-year-old real estate crisis that has cut a third or more from home values.
A sluggish global economy and rising worldwide oil glut have driven prices for oil produced in the U.S. down almost 20 percent, year on year, to their lowest since February 2021.