News Today – Oct 28, 2023

• US/Economy: Third-quarter US earnings now seen growing 4.3% year-on-year. indiatimes.com
• EU/Rates: Europe’s central bank halts rate hikes as war in the Middle East casts a shadow over the economy. apnews.com
• Taylor Swift/Net Worth: Taylor Swift now a billionaire, report estimates. theguardian.com
• Russia/Rates: Russia hikes interest rates to 15% as inflation soars. bbc.com
• US/China: China and US hold first financial group meeting, will ‘deepen economic relationship’, Treasury Secretary Janet Yellen says. scmp.com
• China/Debts: China’s debt-saddled regions owe far more than they can pay back without Beijing’s help. scmp.com
• UK/Armenia: Armenia launching charm offensive in City (London) to attract UK investment. thisismoney.co.uk
• India/G7: Governments need to collaborate to facilitate cross-border trade, Piyush Goyal, Indua’s Commerce & Industry Minister, urges. indiatimes.com
• Airbnb/AI: Airbnb turns to AI to help prevent house parties. bbc.com
• US/Economy: America’s economy is booming, but tough times lie ahead. cnn.com

New Terms Explained

• Product (video).
• Supply & Demand (Market Forces) (video).
• Earnings Per Share (EPS).
• Easement.

The website also features a very comprehensive financial glossary with thousands of terms and their meanings.