Top Story
Panetta opens door to more ECB hikes as Italian inflation hits 5.4%
The Banca d’Italia governor told World Savings Day that price growth will stay above 2% for many quarters, with the ECB’s next decision due on December 17.
Energy Geopolitics
Brent slips below $110 as traders unwind the Iran risk premium
Hopes of a Qatar-mediated diplomatic opening have knocked more than 3.5% off crude, though Hormuz, Tuesday’s US midterm...
Economy & World
Italy approves decree implementing EU platform work rules
A rebuttable presumption of employment, a bar on account closures decided by algorithm alone and a reported new role for...
Economy & World
Italy’s 2027 budget cuts income tax for a year, pensions permanently
The EUR 26 billion package extends the 33% income tax rate to earnings up to EUR 55,000 and widens the flat tax for the...
AI & Tech
Big Tech Stocks
Broadcom falls 4% as Intel’s 25% plunge hits AI chip stocks
The stock traded at $330.06 on Friday afternoon, below every major moving average, with softer capital spending plans at Alphabet and...
Big Tech Stocks
Amazon burns through $42.4 billion in cash as Nasdaq futures drop 2%
Intel fell 26% on a weak PC outlook, a day after Alphabet’s worst single-day loss on record.
Big Tech Stocks
Alphabet shares fall 10% as free cash flow turns negative
The company burned $9.07 billion in the third quarter as capital spending on AI outran cash from operations.
Economy & World
Fed & Central Banks
Panetta opens door to more ECB hikes as Italian inflation hits 5.4%
The Banca d’Italia governor told World Savings Day that price growth will stay above 2% for many quarters, with the ECB’s next decision due on...
Energy Geopolitics
Brent slips below $110 as traders unwind the Iran risk premium
Hopes of a Qatar-mediated diplomatic opening have knocked more than 3.5% off crude, though Hormuz, Tuesday’s US midterm elections and the...
Economy & World
Italy approves decree implementing EU platform work rules
A rebuttable presumption of employment, a bar on account closures decided by algorithm alone and a reported new role for collective bargaining...
Lifestyle Money
Luxury
Kering stock sinks 14% as Gucci drags down the third quarter: Barclays maps the best and worst case
A wave of target-price cuts followed Kering’s third-quarter results, with Barclays sketching a bull case at €310 a share and a bear case at €110.
Luxury
LVMH disappoints in the third quarter: China slows again and the stock slides after a difficult 2026
Third-quarter revenue grew just 1% organically, against a luxury sector expected to run closer to 5%, as Fashion & Leather Goods — the...
Pop Economics
Britain’s least reliable cars of 2026, according to a major owner survey
The What Car? annual reliability survey has ranked the best and worst cars on British roads, and three German models and one French model sit...
Markets
Stocks
Wall Street enters November with S&P 500 just 1.44% above its October low
Seasonal data give November of a midterm year an average 2.31% gain, while Gann’s calendar concentrates several time windows in the month.
Crypto
Binance says $6.3 billion stolen in largest crypto theft on record
The exchange has frozen withdrawals and pledged to cover every loss, but Italian users face a tighter squeeze after losing regulated access in...
Crypto
Bitcoin falls below $80,000 after Warsh’s first Fed meeting
The cryptocurrency is trading at $79,979.85, below both its 20- and 50-session moving averages, with markets already pricing in another rate...