US stocks traded cautiously on Tuesday, with major indices showing mixed movements ahead of the Federal Reserve’s interest rate decision. Investors are closely watching for future policy cues, especially regarding potential rate cuts amid a weakening jobs outlook. Stock-specific news, including Nvidia’s AI chip sales and CVS Health’s raised forecasts, also influenced intraday trading.
Renault and Ford are joining forces. They will build affordable electric cars and vans for Europe. This move aims to compete with fast-growing Chinese automakers. The first new electric car is expected in 2028. This partnership will also focus on commercial vans. Both companies want to strengthen their position in the European market.
The Indian rupee is experiencing significant pressure, hitting record lows against the US dollar due to trade deficits, US tariffs, and capital outflows. The Reserve Bank of India is reportedly employing a sophisticated, unpredictable intervention strategy, communicating confidential directives to dealers to manage volatility without depleting reserves or hindering growth. This approach aims to curb
Airlines are projected to earn a meager $7.90 per passenger in 2026, a profit margin so low that Apple makes more selling an iPhone cover. Despite connecting economies and supporting millions of jobs, the aviation industry faces persistent headwinds like supply chain issues and delivery delays, capping profitability.
US job openings held steady in October, indicating a cooling labour market. Layoffs saw an uptick, while quits declined, suggesting employers might lean towards job cuts over natural attrition. This data emerges as the Federal Reserve considers another interest-rate cut amid mixed economic signals, with inflation still a concern but job market softness bolstering rate
US stocks traded near record highs as investors awaited the Federal Reserve’s interest rate decision. Major movers included Warner Bros. Discovery, which jumped on a takeover bid, and Confluent, acquired by IBM. Carvana and others were added to the S&P 500, driving their stock prices higher.
IBM is set to acquire data streaming platform Confluent for $11 billion in a cash deal to bolster its artificial intelligence capabilities. The acquisition aims to enable client companies to deploy AI services faster and more effectively by ensuring trusted data movement across diverse environments. This strategic move is expected to close by mid-2026, pending
India’s UPI has cemented its position as the world’s largest retail real-time payment system, handling nearly half of global transactions. This remarkable achievement, highlighted by IMF and ACI Worldwide reports, underscores India’s digital payment prowess. Government initiatives like incentive schemes and the PIDF have significantly boosted adoption, especially among small merchants, further expanding the digital
Over 50 lakh Central government employees and 69 lakh pensioners will be covered under the 8th Pay Commission, with its Terms of Reference notified on November 3, 2025. The commission, headed by Justice Ranjana Prakash Desai, will examine pay, allowances, and pensions. Implementation timelines and funding will be decided later, following the commission’s submission of
India’s largest airline, IndiGo, is recovering from a week of unprecedented disruption caused by new pilot duty norms. The crisis led to mass flight cancellations, stranded passengers, and significant financial losses, with over Rs 1,396 crore refunded. The government has imposed fare caps to stabilize prices.
