US economic growth accelerated last quarter at its fastest pace in over a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday.
The Personal Consumption Expenditures price index rose 0.5% from August, bringing the annual rate of inflation to 3.6% from 3.4%,
The US economy saw strong economic growth in the third quarter despite headwinds from higher oil prices and the conflict in the Middle East.
The Commerce Department reported that gross domestic product expanded at an annual rate of 3.4 percent in the third quarter period from July to September, beating expectations – and much stronger than the 2.2 percent expansion in the April to June period.
### US Data Watch
Investors will track key US economic data releases, including September import prices, industrial production and capacity utilisation. Import prices are expected to rise 0.8%, compared with 0.7% previously, while industrial production is forecast to increase 0.4% month-on-month after remaining unchanged in the previous reading. Capacity utilisation is expected at 76.5%,
» Read more about: US GDP expands 3.4% in Q3 as consumers and AI fuel growth »
Many investors own Tesla (TSLA -0.80%) shares because they believe in the potential of future product platforms like the Cybercab autonomous robotaxi, and the Optimus humanoid robot. But over 70% of the company’s revenue still comes from selling passenger electric vehicles (EVs), and this business continues to struggle under the weight of significant global competition.
» Read more about: Should You Buy Tesla Stock Right Now? The Answer Might Surprise You. »
» Read more about: Stocks to watch on Oct 30: Trent, IndiGo, Suzlon Energy, IEX and more »
In 2026, value stocks have outperformed growth stocks in the broad market.
I invite you to imagine something. You’re sitting across from a financial advisor for the first time. Maybe you have a new job and finally have more money to invest. Maybe you’ve just lost a spouse who always handled the money. Maybe a parent has passed and left you their estate. Or maybe you’ve simply decided,
The Social Security Administration (SSA) has confirmed a 3.6% cost-of-living adjustment (COLA) for 2027, increasing monthly payments for millions of retirees and other beneficiaries.
Announced on 14 October 2026, the increase exceeds the 2.8% adjustment introduced in 2026. The SSA says average retirement benefits will rise by about $75 (£56) a month,
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With Social Security’s potential shortfall looming, it’s easy to focus on how any benefit cuts could impact America’s retirees.
Caterpillar stock dived to a nine-month low early Thursday on a slight revenue miss, even though earnings beat, its order backlog grew and its full-year outlook was little changed. On the price-weighted Dow Jones Industrial Average, CAT stock’s 64-point loss, along with tech titan Google-parent Alphabet (GOOGL) canceled out broad gains led by Amgen (AMGN).
» Read more about: Caterpillar Revenue Miss, Outlook Dig Hole For Dow Jones Industrial Average »