Paychex CEO says small business owners are ‘resilient in this economy’
In a Tuesday interview with CNBC’s Jim Cramer, Paychex CEO John Gibson suggested small businesses are persevering despite an uncertain economic landscape.
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Gold hits fresh all-time high as U.S. government shutdown dents risk appetite
A U.S. government shutdown began on Wednesday after lawmakers failed to reach a deal on funding. -
Data centers are a gold rush for global real estate — but can funding keep up?
“The world of real estate is changing from what I’d call the ‘visible’ to the ‘invisible,'” said Kishore Moorjani, CEO of CapitaLand Investment’s alternatives and private funds team. -
What is the drone wall that Europe wants to deter Russia?
A number of European countries have reported airspace incursions involving either Russian jets or, allegedly, drones recently. -
Eurozone inflation ticks higher to 2.2%, core steady 2.3%
Eurozone headline inflation edged up in September, with CPI rising to 2.2% yoy from 2.0% yoy in August, in line with expectations. Core CPI, which excludes energy, food, alcohol and tobacco, held steady at 2.3% yoy, suggesting underlying price pressures remain sticky even as the energy drag eases. By component, services posted the highest annual […]
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CNBC’s The China Connection newsletter: China’s K-visa plans spark worries of a talent flood
Despite signaling a greater openness to global talent, the policy does not represent a sweeping liberalization of China’s immigration stance. -
UK PMI manufacturing at 46.2, sector struggles with more worrying news
The UK manufacturing sector slipped further into contraction in September, with the PMI finalized at 46.2, down from 47.0 in August and marking a five-month low. Rob Dobson, Director at S&P Global Market Intelligence, called the results “further worrying news” for industry, pointing to weak demand, fading export orders, and a high-cost environment amplified by […]
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BoE’s Mann warns inflation persistence playing out
BoE policymaker Catherine Mann said today that keeping rates on hold is “appropriate for the current period,” and warned that the risk of sticky inflation remains elevated. Speaking to Bloomberg TV, she flagged “drift in inflation expectations” as a key concern, noting that it reinforces the persistence of price pressures. Mann argued that the scenario […]
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Eurozone PMI manufacturing at 49.8, stagnation can be viewed positively
Eurozone manufacturing activity edged back into contraction in September, with the PMI finalized at 49.8, down from August’s 50.7. Output slowed as well, with the production index falling from 52.5 to 50.9, pointing to weaker factory momentum across the bloc. Country data painted a mixed picture. The Netherlands stood out with a 38-month high of […]
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GBP/USD Tests Uptrend Line but obstacles ahead
GBP/USD turns bullish in short term. But further gains might be capped by key resistance barriers. GBPUSD is climbing for a fourth straight day on Wednesday, but the gains have been limited, adding just 1% from last Thursday’s lows. Broader dollar softness has helped cable to bounce higher but worries about the forthcoming UK budget […]
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