Hot October Inflation Report Pushes Federal Reserve Toward Possible Rate Hikes A government report showing inflation rose to 4% in October has Federal Reserve officials openly discussing faster interest rate increases instead of the cuts many had expected, with futures markets now pricing high odds of a hike in December. Full story → · 5 sources
Wall Street Turns Cautious as Nvidia Shares Slip and Rate-Hike Bets Build U.S. stocks were on shakier footing Thursday as shares of chipmaker Nvidia pulled back and investors recalculated what a possible Federal Reserve rate hike would mean for the market's recent rally. Full story → · 2 sources
India's Sensex and Nifty Close Higher After a Volatile Session as Realty Stocks Jump Indian benchmark indexes ended a choppy trading day in positive territory, with the Nifty closing at 25,299 and real estate shares climbing 4% during a busy stretch of corporate earnings. Full story → · 1 sources
European Leaders Gather for Ninth European Political Community Summit Heads of state and government from across Europe are convening for the ninth European Political Community summit, with a separate informal meeting of European Union leaders following the next day. Full story → · 1 sources
Building Collapses in Brooklyn, New York, Trapping People Under Rubble A building collapsed in Brooklyn on Wednesday, leaving people trapped under rubble and prompting an emergency response, according to initial reports. Full story → · 1 sources
China's Turn to Host APEC Puts Asia-Pacific Trade Cooperation in the Spotlight China is serving as this year's host of the Asia-Pacific Economic Cooperation forum, putting a renewed focus on trade and economic coordination among Pacific Rim economies at a moment of global economic uncertainty. Full story → · 1 sources