Finance

US FTC investigates nine companies over use of personal data to set prices and pay
The US Federal Trade Commission ordered Delta, United, JetBlue, Uber, Lyft, DoorDash, Instacart, Target and Walmart to hand over information on their use of personal data to determine prices and pay. The orders were issued under Section 6(b) of the FTC Act and the companies have 45 days to respond. The agency wants to know whether the price of a ticket, a ride, a delivery or an item varies based on browsing history, location or loyalty programs, and whether gig workers' pay depends on their data.
FinanceInternationalCiberCubaOct 28AI
Fed holds rates and its hawkish tone weighs on Bitcoin, analysts say
The U.S. Federal Reserve kept its benchmark rate unchanged in a 3.75%-4% range on a 10-2 vote while flagging persistent inflation concerns. According to analysts cited by Cointelegraph, markets had priced in the pause but not the restrictive tone. With elevated rates, Bitcoin must compete with a risk-free rate near 4%. Traders assigned a 78.4% probability to a quarter-point hike in December, according to CME FedWatch.
FinanceInternationalTradingViewOct 28AI
Fed holds rates at 3.75%-4% six days before legislative elections
The U.S. Federal Reserve kept its benchmark interest rates unchanged in the 3.75%-4% range, days before the November 3 legislative elections. Two of the twelve monetary policy officials, Lisa Cook and Beth Hammack, called for a quarter-point increase. The FOMC argued it needs more data after September's hike and said economic activity is expanding at a "strong" pace.
FinanceInternationalCaracol RadioOct 28AI
Wall Street rises on tech strength after Fed keeps rates unchanged
The Federal Reserve kept the federal funds rate in the 3.75%-4% range in a ten-to-two vote; Lisa Cook and Beth Hammack favored a quarter-point hike. The statement pointed to the need for a "timely return" to the 2% inflation target. Wall Street rose on tech strength, with SK Hynix surging after record results and a plan to return 100 trillion won to shareholders in 2026. Oracle advanced after projecting annual revenue of at least $225 billion for 2030.
FinanceInternationalAmbitoOct 28AI
Home sales fall 9.8% in August, their eighth consecutive monthly decline
According to notary data, 34,599 home sales were recorded in August, 9.8% fewer year on year, the eighth consecutive decline. Mortgages signed totaled 19,875, down 5.6%, their second straight drop. Flats fell 11.1% and single-family homes 6.3%. By contrast, the price of homes sold rose 12.8% to 1,959 euros/m2, and the average mortgage amount increased 1.3% to 164,978 euros.
FinanceInternationalIdealistaOct 28AI
Confemetal warns about costs and the metal industry's trade deficit
Confemetal's October 2026 economic report says the metal industry faces the end of the year with uncertainty driven by geopolitical tensions, energy volatility and rising costs. Metal industrial production grew 1.7% year-on-year in August and turnover rose 2.7% in July, though it is down 1.2% so far this year. The sector's trade deficit reached 23,349 million euros through July, 28.7% more year-on-year.
FinanceInternationalInterempresas MediaOct 28AI
SAIC Motor plans a plant in Ferrol with more than 1,000 jobs, raising doubts in Spain
China's SAIC Motor chose in June a port outside Ferrol to build a plant that, according to the project, would create more than 1,000 jobs. The initiative raises expectations in a city hit by industrial decline, but also fears over technological dependence, competition for local firms and possible national security risks. The government of Pedro Sánchez is expected to approve the deal before the November 29 elections.
FinanceInternationalAmbitoOct 28AI
World Bank raises copper forecast 18% to US$13,000 per tonne for 2027
The World Bank raised its 2027 copper price estimate by 18% to US$13,000 per tonne, about US$5.90 per pound, according to its October outlook report. The institution attributes the upward pressure to demand from power grids and data centers, while new mines struggle to expand supply. The projection is 1.5% below the US$13,200 average estimated for 2026. It also raised forecasts for tin and zinc and cut those for gold and silver.
FinanceInternationalReporte MineroOct 28AI
Federal Reserve holds rates at 3.75%-4% despite inflation in the U.S.
The U.S. Federal Reserve decided on Wednesday, October 28, to keep its benchmark rates unchanged in a range of 3.75% to 4%, after raising them in September for the first time in three years. Two of the 12 monetary policy officials voted for a quarter-point increase. The FOMC argued it needs more data to define its stance. Its chair, Kevin Warsh, said inflation is "too high." The decision came six days before the midterm elections.
FinanceInternationalRevista SemanaOct 28AI
World Bank forecasts 23% rise in commodity prices in 2026
The World Bank Group's Commodity Markets Outlook report projects commodity prices will rise 23% in 2026 and fall 7% in 2027. Energy would lead the increase at 32%, driven by the conflict in the Middle East, and Brent would average 91 dollars per barrel in 2026 versus 69 in 2025. Staple food prices would rise about 10% in 2026 and metals would reach a new high, with a 25% increase.
FinanceInternationalPrensa LatinaOct 28AI
Economy Ministry rolled over 107% of maturities and absorbed pesos from the market
The Finance Secretariat awarded $11.56 trillion in Wednesday's auction after receiving bids for $15.79 trillion, a rollover of 106.99% of the day's maturities. Demand concentrated in TAMAR bonds (43% of the amount awarded) and in the dollar-linked note (22%). Analysts at Adcap and IEB viewed the operation favorably given the rates obtained and the extension of maturities beyond 2027, which reached 30% of the amount placed.
FinanceInternationalInfobaeOct 28AI
Fed holds rates at 3.75%-4% ahead of US midterm elections
The US Federal Reserve kept its benchmark interest rates unchanged in a range of 3.75% to 4%, six days before the November 3 midterm elections. Two of the 12 monetary policy officials dissented and sought a quarter-point hike. The FOMC said it needs more data on the economy after September's rate increase. Chair Kevin Warsh said inflation is "too high" and that politics played no role in the decision.
FinanceInternationalSWI swissinfo.chOct 28AI
European countries open dialogue tables to contain cost of living
Economy ministers and social representatives from European countries are holding meetings to assess containment measures against the rising cost of living, including temporary caps on utility rates and direct subsidies for essential household basket products affected by inflation. The talks, which follow weeks of social protests and sector strikes, focus on the financial viability of the proposals and their effects on domestic consumption and economic stability.
FinanceInternationalDiario del SurOct 28AI
YPF reported operating earnings of USD 2.503 billion in the third quarter
YPF reported operating earnings before interest, taxes and depreciation (adjusted EBITDA) of USD 2.503 billion in the third quarter of 2026, up 84% year on year and its second-highest result on record. The oil company reported net income of close to USD 1.200 billion, investments of USD 1.287 billion and free cash flow of USD 900 million. Shale production averaged 224,000 barrels per day and the company plans to submit five projects to the RIGI in Vaca Muerta.
FinanceInternationalInfobaeOct 28AI
World Bank expects energy prices to rise 32% in 2026 due to the war in the Middle East
The World Bank raised its commodity price forecasts citing energy supply disruptions stemming from the war in the Middle East and the threat El Niño poses to crops. The report forecasts a 32% increase in energy prices in 2026, reversing three years of declines, and oil averaging US$91 per barrel, with a 5.2% drop in global supply. It also anticipates an accumulated 18% rise in food prices this year and next.
FinanceInternationalBloomberg LíneaOct 28AI
Alphabet disappoints Wall Street despite record results: shares fall more than 8%
Alphabet closed the third quarter of 2026 with revenue of $127.6 billion, up 25% year on year, slightly below expectations of about $128 billion. Operating profit rose 30% to $40.6 billion, but net profit fell 25% to $26.2 billion, and earnings per share came in at $2.12 versus roughly $3.00 expected. The stock fell 8.25% in after-hours trading, testing the $300 level.
FinanceInternationalXTB.comOct 28AI
For the third straight day, Argentina's central bank bought no reserves in the foreign exchange market
Argentina's central bank completed three consecutive sessions without buying foreign currency, something that had not happened so far this year, after interrupting a streak of 19 sessions with a buying balance. Gross international reserves closed at USD 50.601 billion, compared with USD 50.580 billion the previous day. The wholesale dollar rose to a new nominal high of $1,541, up 0.3% on the day, in a session influenced by the depreciation of the Brazilian real after the elections in Brazil.
FinanceInternationalInfobaeOct 28AI
Oracle jumps 11% and the dollar weakens after the Fed meeting
The Fed kept rates in the 3.75%-4.00% range, with a 10-2 vote that included Lisa Cook's dissenting vote. Chair Kevin Warsh said there is "broad consensus that the monetary medicine is working" and announced that from next year there will be seven monetary policy meetings a year. The dollar fell 0.2% against a trade-weighted basket and 0.3% against the euro. Oracle surged 11% after projecting more than $225 billion in annual revenue for fiscal 2030.
FinanceInternationalXTB.comOct 28AI
Ford profit rises 13.5% through September despite a 16.3% drop in the third quarter
Ford posted a net profit of $3.27 billion in the first nine months of 2026, up 13.5% from a year earlier, on revenue of $141.075 billion, essentially flat. Adjusted EBIT for the period reached $8.649 billion, up 50.5%, with its margin rising from 4.1% to 6.1%. In the third quarter, net profit fell 16.3% to $2.049 billion, with revenue down 2% to $49.526 billion.
FinanceInternationalExpansiónOct 28AI
Grupo Torna to invest nearly 62 billion pesos in an outlet at the historic Maestranza in San Bernardo
The historic Maestranza Central de Ferrocarriles de San Bernardo will be converted into the Maestranza Outlet Mall (MOM), a Grupo Torna project with an investment above 1,500,000 UF, nearly 62 billion pesos. On a site of more than 70,000 m², the first stage includes 21,000 m² of gross leasable area and a total development of 38,000 m² in the medium term, with about 120 stores. It is the first investment of a Grupo Torna plan worth around US$200 million over three to five years.
FinanceInternationalBioBioChileOct 28AI