HSBC reported a 32% surge in third-quarter profit on Tuesday as rate hikes supported net interest income and due to the absence of legal provisions booked in the same period a year earlier.
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In Response to Trump’s Tariffs, Canada Has Successfully Boosted non-US Trade to Record Highs—But it Remains Deeply Tied to America
United States
Zandi’s view runs against market pricing for at least one more hike this year, so it’s more a marker for the doves than a market mover. It does sharpen focus on the tension in this week’s Fed decision. Oil is the pivot: crude climbing back toward wartime peaks on Iran tensions lifts inflation and keeps the Fed on its hiking path, while also squeezing real incomes in a way that strengthens Zandi’s growth warning. With 10-year yields near 5% and credit spreads wider, any hawkish surprise from the Fed risks further pressure on rate-sensitive sectors such as housing and leveraged borrowers. A skip with hawkish guidance, as Goldman Sachs expects, would keep December live. --- Earlier: Major central banks take centre stage this week but will there be any surprises? --- Zandi’s case is simple: the bond market has already tightened for the Fed, and hiking into an oil shock risks doing the econom
On the map → South Korea · industrial routes
On the map → Eastern Mediterranean
On the map → South Korea · industrial routes
Later report: Dollar General is sued by the FTC and 20 states for what's being described as deceptive pricing Associated Press ·
Later report: FTC and 20 states sue Dollar General, alleging retailer overcharged shoppers CNBC ·
Later report: Dollar General overcharged people at checkout for years, FTC says CBS News ·
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