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Monday, October 12, 2026
The New York Finance

Top Business News Around The World

Monday, October 12, 2026

Economy

Chinese factory, consumer activity slow amid economy struggles

China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully…

By The New York Finance Staff

Asian markets on course to end week on a positive note

Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York’s latest record highs sparked by healthy US retail data and upbeat earnings from some…

By The New York Finance Staff

US Fed official warns against cutting rates ‘too quickly’

The US Federal Reserve should be careful not to cut rates “too quickly” and risk reigniting stubborn inflation, a senior bank official said Wednesday.  The Fed’s favored inflation gauge has dropped sharply…

By The New York Finance Staff

Sales of new US homes at highest level in over a year

Sales of new homes in the United States last month exceeded analyst expectations Thursday, logging the fastest pace in more than a year on the back of cooler mortgage rates. Sales of…

By The New York Finance Staff

Inflation Dips to 4%, Lowest Level in Two Years

Consumer prices rose 0.1% in May, their lowest annual pace of increase in two years as lower energy contributed to the easing, the Labor Department reported on Tuesday. Year over year, the…

By The New York Finance Staff

First Republic Bank shares plunge 60%

Shares of First Republic Bank plunged nearly 60% in premarket trading on Monday, even after the regional lender announced measures to bolster its balance sheet. Shares of other regional banks and financial…

By The New York Finance Staff