The S&P Global U.S. Manufacturing PMI rose to 52.5 in October from a final reading of 52.0 in the prior month, slightly ahead of the 52.2 expected by economists, and remaining in expansionary territory. “U.S. manufacturers reported a solid start to the fourth quarter with production rising at an increased rate in response to an…

Newly unsealed documents show JPMorgan Chase began flagging Jeffrey Epstein’s suspicious cash withdrawals in 2002 – years before his crimes became public. The bank filed multiple reports about patterns suggesting evasion of oversight but continued serving him until 2013. Internal emails showed staff suspected criminal behavior. JPMorgan later settled a lawsuit alleging it enabled Epstein’s…

Ikea has reported a second consecutive year of declining sales, with global revenues in the 12 months to August 31st falling 1%, or 0.3% adjusted for currency effects, to €44.6bn ($51.9bn). The company attributed the fall to the price cuts it made in 2024 after a period of high inflation, and said that both sales…

Amazon is preparing to cut as many as 15% of its human resources employees, and additional layoffs are likely in its other divisions, according to sources. The company’s human resources division, known internally as PXT or the People eXperience Technology team, which has more than 10,000 employees worldwide, and includes a large recruiting team plus…

Roger Ver, the prominent investor dubbed the “Bitcoin Jesus,” has settled a U.S. tax evasion indictment by paying up to $49.9m without admitting guilt. The Justice Department announced that prosecutors will dismiss the indictment after Mr. Ver acknowledged failing to pay taxes on Bitcoin sales following his renunciation of U.S. citizenship in 2014. He was…

Federal judges in Massachusetts, Rhode Island, New Hampshire and Maine have become key players in the legal battles over President Donald Trump’s policies since he returned to office in January. Analysis by Reuters has found that at least 72 lawsuits challenging Trump’s policies have been filed in federal courts in these four states by plaintiffs,…