British postal company Royal Mail on Friday announced a partnership with TikTok Shop, allowing sellers on the social media platform's e-commerce arm to access its delivery network, including parcel co... ...

U.S. Federal Reserve Governor Christopher Waller said private data shows the job market remains weak and buttresses the case for further rate cuts, but added the central bank need only move in "cautious" quarter percentage point steps as it evaluates the economy. ...

Core Viewpoint - Britain's benchmark FTSE 100 index experienced a decline for the second consecutive session, primarily driven by losses in heavyweight mining and industrial sectors, which overshadowed gains in consumer stocks [1] Group 1: Market Performance - The FTSE 100 fell for two consecutive sessions, indicating a downward trend in the market [1] - Heavyweight miners and industrials contributed significantly to the losses, suggesting weakness in these sectors [1] - Gains in consumer stocks were not sufficient to offset the declines from the mining and industrial sectors [1]

Drugmaker Bristol Myers Squibb said on Friday it will acquire privately held cell therapy developer Orbital Therapeutics for $1.5 billion in cash. ...

Core Points - The European Commission is examining the protections for minors on platforms such as Snapchat, YouTube, the Apple App Store, and Google Play under the Digital Services Act [1] Group 1 - The scrutiny is part of the European Commission's efforts to ensure compliance with the Digital Services Act [1]

Core Insights - The article discusses the recent trends in the investment banking sector, highlighting the impact of economic conditions on deal-making activities and revenue generation [1] Group 1: Economic Impact - Investment banks are experiencing a slowdown in mergers and acquisitions (M&A) due to rising interest rates and economic uncertainty, leading to a decrease in overall deal volume [1] - The total value of global M&A transactions fell by 30% year-over-year, indicating a significant decline in market activity [1] Group 2: Revenue Trends - Revenue from investment banking services has decreased, with a reported drop of 20% in the first half of the year compared to the previous year [1] - Equity underwriting revenues have also seen a decline, down by 40% as companies are hesitant to go public amid market volatility [1] Group 3: Future Outlook - Analysts predict that the investment banking sector may take time to recover, with a potential rebound expected only when economic conditions stabilize [1] - Firms are adapting by focusing on cost-cutting measures and diversifying their service offerings to navigate the challenging environment [1]

Investors will look to major banks' quarterly earnings reports in the coming week to help gauge the U.S. economy's health as the federal government shutdown has interrupted the flow of new data. ...

Core Viewpoint - Venture Global shares experienced a significant decline of 17% in premarket trading following BP's victory in an arbitration case against the U.S. supplier regarding the failure to deliver liquefied natural gas under a long-term supply agreement [1] Company Summary - Venture Global's stock performance was negatively impacted by the arbitration ruling, indicating potential challenges in its supply agreements and overall market confidence [1] Industry Summary - The arbitration case highlights ongoing tensions in the liquefied natural gas market, particularly concerning supply reliability and contractual obligations, which could affect future investments and partnerships in the sector [1]

Core Insights - Tesla's China-made electric vehicle sales rose by 2.8% in September compared to the previous year, marking the end of a two-month decline as the company began deliveries of its new six-seater vehicle in China [1] Group 1 - Tesla's sales increase in September indicates a recovery in the Chinese market after two months of decline [1] - The introduction of the new six-seater model is a significant factor contributing to the sales growth [1]

Core Insights - Volkswagen Group reported a 1% increase in third-quarter global deliveries, indicating a positive trend in sales driven by new models [1] Group 1: Sales Performance - The increase in global deliveries was supported by strong sales in Western Europe, highlighting the effectiveness of the company's new model launches [1]