Writing the summary…
Hyundai expected to outsell Ford in third quarter as Detroit automakers lack hybrids
Source: CNBC
Original reporting
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CNBC
Darden Restaurants stock falls as Olive Garden reports slower growth
Olive Garden's same-store sales growth has slowed in recent quarters.
CNBC
MGM Resorts shares sink 9% after Barry Diller's People Inc. rescinds takeover offer
Barry Diller's People Inc. has rescinded its offer to buy the remaining public shares of MGM Resorts.
CNBC
White House blocks reporters despite judge’s order to restore access
District Judge Tim Kelly said the three outlets should have their access immediately restored from the ban the president had announced on Sept. 18.
The Guardian
UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – as it happened
BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004 Newsflash: A Bank of England deputy governor is warning that interest rates will be raised, if necessary, to combat the risk of persistent inflationary pressures from higher oil prices. Clare Lombardelli is telling the Sixth Biennial Conference on Macroeconomic Policy in Warsaw that the energy shock due to the conflict in the Middle East is likely to keep pushing UK inflation higher in the coming months. Strong demand for AI components is already pushing up global export prices and weather-related shocks add upside risks. On the other hand, trade diversion is reducing inflation. The longer higher energy prices persist, the greater the risk that indirect effects build and that inflation expectations, wage bargaining and price-setting behaviour begin to adjust in response. On that basis, p
The Guardian
Reported assaults on Great Britain’s railways rise by fifth in a year
Unions say record high of nearly 25,000, including assaults on rail workers and public, shows need for more staff and policing Business live – latest updates The number of reported assaults on Great Britain’s railways has risen by a fifth to a record high of almost 25,000 incidents in a year. Unions said the “horrendous” figures showed the need for more staff and policing, as the Office of Rail and Road (ORR) revealed a sharp increase in assaults on the travelling public and on railway staff last year. Continue reading...
CNBC2 outlets
Mark Zuckerberg debuts $1,299 Meta VR Glasses and Muse Charm pendant as part of AI agent push
CEO Mark Zuckerberg kicked off the company’s annual Connect event in Menlo Park on Wednesday with a keynote that made one thing clear: Meta is going all-in on Muse. It's even coming to Meta's AI glasses.