Finance

Gas prices are expected to remain above $4 per gallon on Nov. 3, according to traders on prediction market platform Kalshi. Affordability is seen as one of voters' top issues heading into the 2026 midterm elections. And gas prices — one of the items where consumers are getting squeezed the most — are expected to remain elevated through Election Day. Speculators on prediction market platform Kalshi give an 87% chance.

Finance

A recovery in China's largest cities real estate markets could come as soon as next year, the S&P ratings agency said. BEIJING — An end is in sight for China's yearslong property market slump, S&P Global Ratings analysts said in a report distributed Thursday. Residential real estate prices may hit a bottom in the third quarter of 2028, the report said. It added that prices in China's largest cities, such.

Finance

Chinese tech company Huawei wants to rebuild its consumer business after U.S. sanctions halved segment revenue. BEIJING — Faced with a slowdown in the smartphone and car markets, Huawei's consumer business is choosing to focus on phones with homegrown chips. The Chinese tech giant worked overtime to release its first smartphone — the Mate 90 series — using its own "LogicFolding" chip on Oct. 1, the country's "National Day" and.

Finance

The Federal Reserve on Wednesday released minutes from its Sept. 15-16 policy meeting. Federal Reserve officials expect they will raise interest rates again before the end of the year to head off inflation that has run above target for more than five years, according to meeting minutes released Wednesday.But the meeting summary provided no indication of when specifically policymakers expected to raise benchmark rates – only that persistently higher prices.

Finance

Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose. SINGAPORE — The technology that investors and governments are counting on to lift the global economy is also adding pressure that threatens growth, the head of the International Monetary Fund said, urging policymakers to stop delaying painful choices on debt. Managing Director Kristalina Georgieva told the audience at.

Finance

The S&P 500 returned to an intraday record Tuesday as tech gains, easing oil prices and Treasury yields helped stocks overcome months of market shocks. The S&P 500 rose to an all-time intraday on Tuesday, touching 7844.52 and surpassing its August 13 intraday peak when it hit 7,830. The benchmark also closed for the first time over 7,800. The recovery comes after months of oil shocks, rising borrowing costs and.