News updates from October 17: Israel says Hamas leader Yahya Sinwar ‘killed’; ECB cuts rates to 3.25%

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Economy: US retail sales are forecast to have ticked up 0.3 per cent month-on-month in September, following an 0.1 per cent increase in August, in a probable sign that American consumer spending is continuing to support economic growth.

US stocks closed higher in a broad rally as bank stocks rallied following several strong earnings results from major US lenders.The S&P 500 rose 0.5 per cent on Wednesday afternoon in New York, with utilities and financials the best-performing sectors.

Taiwan Semiconductor Manufacturing Co reported a 54 per cent jump in net profit for the third quarter on Thursday as a chip boom driven by demand for artificial intelligence servers accelerates.

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Article Details

Author / Journalist: Peter Wells

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaBelarusCanadaChinaFinlandFranceGeorgiaGermanyHong KongIndiaIrelandIsraelJapanNorth KoreaMaltaNetherlandsQatarSingaporeTaiwanUgandaUkraineYemen

Topics: September Cent Thursday Company Year Expected Rose Group Last President Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 16:28:19 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 6298 words

Reading Time: 35 minutes read

Sentences: 232 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23127081

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 2 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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