Morning News: October 27, 2023

China’s Ex-Premier Leaves an Unfinished Reform Legacy

Russia Hikes Key Rate to 15% In Bigger-than-Expected Rise

Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits

Tighter Credit, Lending Conditions Build Case for Fed Policy Hold

Short Sellers Quit Emerging Markets With ETF Bets at 17-Year Low

Dimon Plans to Sell $141 Million Worth of JPMorgan Shares

Morgan Stanley’s Post-Gorman Era Begins

Rithm Wins Dan Och’s Support for Sculptor Bid at $720 Million

Floating Tankers Line Up Off South Africa to Ensure Diesel Power

Siemens Energy’s Faulty Wind Turbines Become Germany’s Problem

Exxon, Chevron Profits Surged Ahead of Megadeals

Exxon Sees More Cost Cuts After Reaching $9 Billion Target Early

Microsoft’s Cloud Recovery Is Outshining Rivals Amazon, Google

Ford’s Cost Problem Isn’t Just About EVs

GM’s Cruise Pauses All Driverless Operations After California Crackdown

AbbVie Lifts Profit Outlook as Newer Biologics Help Buffer Dwindling Humira Sales

‘Disappointed Again’: Ad Companies Suffer as Tech Firms Clip Spending

Rise in Sugar and Cocoa Costs Makes Halloween Candy Pricier

Taylor Swift Vaults Into Billionaire Ranks with Blockbuster ERAs Tour

Inside Kanye West’s Fraught Relationship With Adidas: 7 Takeaways

As Users Abandon X, Sports Twitter Endures

The Snow Business Won’t Become the No Business

Lululemon Founder Wilson Said He Was Dishonest With the SEC, Then Backtracked

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Posted by on October 27th, 2023 at 7:03 am


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