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Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation
Source: CNBC
Original reporting
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BBC Business
US jobs market sees sharp slowdown in September
Unemployment rose slightly as American employers paused hiring with midterm elections just a month away.
CNBC
Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes
The IRS and Treasury issued a warning this week on an ETF strategy wealthy investors have been using to shield capital gains income from taxes.
CNBC
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
Nonfarm payrolls rose by just 29,000 in September, well below the 84,000 forecast, and the unemployment rate rose to 4.2%, the Bureau of Labor Statistics said.
CNBC
Nike shares tumble after weak revenue outlook and layoff plans underway
Nike's shares dropped for a second straight day of declines after it reported falling revenue and plans to lay off staff.
The Guardian2 outlets
UK diesel price hits record high of £2 a litre
France proposes that EU nations and IEA release oil and diesel from reserves as Iran war drives up cost worldwide ‘Half my day’s pay goes to filling up my car’ Business live – latest updates British motorists face more pressure at the pumps after the average price of diesel climbed to a record £2 a litre. The price of a litre at UK forecourts has risen 40.5% since late February, when the US-Israel war on Iran began disrupting supplies of crude and refined oil products from the Gulf, leading to cost increases across the economy. Continue reading...
CNBC2 outlets
David Ellison says combined Paramount and Warner Bros. Discovery will be named Skydance
The soon-to-merge Paramount-Warner Bros. Discovery officially has a name: It’s simply going to be Skydance, according to chairman and CEO David Ellison. In the end, Ellison picked the name of his original film production company, Skydance Media, to encompass everything that is getting stuffed into the new conglomerate. The deal forming the new Skydance is […]