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Business News

Location American Business News for 28 October 2026

Why Is Halloween Candy So Expensive?

The New York Times - 28 Oct 2026 03:54
Why Is Halloween Candy So Expensive? The average cost of a 100-piece bag has jumped 71 percent in the last five years. Consumers are thinking twice about what theyll spend.
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SK Hynix Plans $75 Billion in Shareholder Returns After Blockbuster Earnings The South Korean memory-chip maker reported that its net profit more than tripled in the third quarter, while revenue and operating profit hit record highs for a sixth straight quarter.
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Chinas Car Industry Is Wowing the World-but Crashing at Home

Wall Street Journal - 28 Oct 2026 01:00
Chinas Car Industry Is Wowing the World-but Crashing at Home Domestic sales have plunged, but the state-supported sectors needed shakeout hasnt begun. Theres a lot of sorting thats going to happen, said GM CEO Mary Barra.
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Give UK workers right to know colleagues pay to prevent disparities, says watchdog EHRC says we need transparency if workers suspect other staff are being paid more for similar workWorkers should have a legal right to know their colleagues pay to help prevent pay discrimination, particularly against wo...
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Chancellor begins to deliver his first Budget The chancellor begins his speech by calling it a Budget for the "working people of Britain, for British businesses big and small."
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Nelson Peltzs Trian Offers to Buy Wendys for $1.4 Billion

Wall Street Journal - 28 Oct 2026 13:11
Nelson Peltzs Trian Offers to Buy Wendys for $1.4 Billion The burger chains shares have been down roughly 70% over the past five years.
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Luxury cruise passengers stranded in Cambodia due to soaring fuel costs The Villa Vie Odyssey suspends its voyage and is working with passengers on "temporary living arrangements".
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Crypto Leaders Blast Misleading WSJ Ad on Tokenization Risks An anti-tokenization ad by a non-profit civic organization in the Wall Street Journal has drawn criticism from the crypto community, which argues that while concerns about asset tokenization are valid, misleading notions...
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Zcash Turns 10 as Grayscale Highlights Its 20% Developer Fund Zcash will mark its 10th anniversary on Oct. 28 with a decade of protocol upgrades behind it. Grayscale says one reason the privacy-focused crypto network has kept evolving is its unusual decision to direct 20% of block ...
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Investing in US stocks from India? How much can you invest, can you directly apply for IPOs? Complete guide here Indian residents can invest in foreign stocks through the RBIs Liberalised Remittance Scheme. Here's how much one can invest per year and whether Indians can directly apply for foreign IPOs. 
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Lockheed just landed one of the biggest defense deals in years Morgan Stanley upgraded Lockheed Martin to Overweight with a new price target after the Pentagon's 10-year F-35 deal and a strong Q3 2026 result.
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Mutual fund direct plans to become default on AMC apps from November 1; what investors need to know SEBI will make direct mutual fund plans the default option on asset management companies digital platforms from November 1. Investors choosing regular plans must be informed about their higher expense ratios, chairman Tu...
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Lavish buying! Salim Merchant's ₹12.85 crore Mumbai property deal: Inside the singer's latest real estate purchase Composer and singer Salim Merchant has purchased commercial premises in Mumbai's Santacruz with four other buyers for ₹12.85 crore, according to CRE Matrix. The deal, registered on October 7, includes 1,285 sq ft o...
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The Betting Probe Behind Flávio Bolsonaros Escape From Brazil Brazils defeated presidential candidate Flávio Bolsonaro has left the country for the U.S. after ignoring a Supreme Court order to surrender his passports. The order was issued in a money-laundering probe into his ties ...
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Skiing Down Everest After Tragedy

The New Yorker - 28 Oct 2026 23:30
Skiing Down Everest After Tragedy From the daily newsletter: Jim Morrison and his partner, Hilaree Nelson, planned a first-ever descent. After her death, he pushed on.
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REI is selling $140 waterproof hiking boots for 50% off The Forsake Rosie Winter Boots are on sale for $70 at REI. They're waterproof and breathable, making them perfect for cold-weather outdoor adventures.
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Fortinets stock is taking a dive after earnings. Heres why. Cybersecurity stocks are broadly falling as growth slows significantly in one of Fortinets business segments.
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Microsoft Quarterly Profit Soars as Cloud Growth Accelerates

Wall Street Journal - 28 Oct 2026 23:12
Microsoft Quarterly Profit Soars as Cloud Growth Accelerates The companys cloud business growth continued to accelerate, contributing to a higher profit and easing jitters over potential returns from the AI build-out.
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Nvidia's $3 billion Meta bet reveals a 30-fold shift Nvidias $3 billion Meta investment reveals a bigger AI strategy as the chipmaker funds data centers, suppliers and companies driving AI demand.
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ServiceNows stock slides as earnings miss overshadows a raised AI outlook Even with an uptick in multimillion-dollar AI deals, ServiceNows earnings results werent enough to win over software skeptics.
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They Sold Everything to Live on a Cruise Ship. Now Theyre Stuck in Cambodia. The Odyssey promised passengers a yearslong sojourn, but then its owner ran out of money when fuel prices soared.
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Microsoft cuts capex forecast on AI capacity delays

Business Insider - 28 Oct 2026 22:58
Microsoft cuts capex forecast on AI capacity delays CFO Amy Hood cited delays in third-party capacity as Wall Street scrutinizes returns on AI spending.
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