Twitter soars 92 percent
Twitter jumped 92 percent in its debut, pushing its market value to $25 billion. Full Article
U.S. growth picks up as restocking offsets weak spending
WASHINGTON - U.S. economic growth accelerated in the third quarter as businesses restocked shelves, but the slowest expansion in consumer spending in two years suggested an underlying loss of momentum.
FDA to ban trans fats
WASHINGTON - The Food and Drug Administration proposed a ban of artificial trans fat in processed food, a move that was welcomed by public health advocates. Full Article
ECB rate cut shocks market
FRANKFURT - The European Central Bank cut interest rates to a record low and said it would prime banks with liquidity into 2015 to prevent the euro zone's recovery from stalling as inflation tumbles. Full Article | Related Story
Breaking even on Fannie Mae, Freddie Mac
WASHINGTON - By early next year, taxpayers likely will have turned a profit on the $187.5 billion bailout of the two housing finance giants, which own or guarantee about two-thirds of all U.S. home loans. Full Article
A battle of anecdotes over Obamacare
WASHINGTON - In order to cut through the political rhetoric and arguments over bureaucratic failings, Democrats and Republicans are offering competing emotional stories that support their view of Obamacare. Full Article
All hell breaks loose as High Court talks religion
A dispute over an upstate New York town's prayer before council meetings produced an unusually testy oral-argument session that recalled the decades of difficulty Supreme Court justices have had drawing the line between church and state. Full Article
Xi's limits laid bare as labor camps stay open
BEIJING - Chinese President Xi Jinping has been blocked in efforts to dismantle the country's labor camp system in a clear sign that he has yet to cement his grip on the ruling Communist Party a year after gaining power, leadership sources said. Full Article
Breakingviews: #Anticipation
Nov. 7 - Breakingviews columnists discuss how Twitter’s IPO was structured as the mirror image to Facebook’s.
Latest Headlines
The U.S. economy in charts
Today's GDP numbers were a mixed bag, with strong inventory growth but signs that U.S. consumer spending stalled. See the charts
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Central banks are making a terrible mistake: Jim Rogers
Investor Jim Rogers shares his views on how Fed tapering will affect the world as it "floats on a huge artificial sea of liquidity." Video
Traders claim oil price-fixing scheme
A group of longtime traders say there's a broad price-fixing scheme in the crude oil markets, Bloomberg reports. Read more at Counterparties
Governments buried in the Snowden avalanche
The U.S. and British governments appear to be helpless, pitiful giants, to steal a phrase from Richard Nixon, when it comes to stopping the Edward Snowden leaks. Commentary
Will a minimum wage destroy German jobs?
Germany is unusual in that it doesn’t currently have a national minimum wage. The level being proposed is 45 percent above the U.S. minimum wage -- considerably higher than that in some other European countries. Commentary
This weekend, China will plot its economic future
China’s astonishingly ambitious economic stimulus program probably did more to prevent a depression than anything that happened in Washington, Frankfurt or Brussels. Commentary
Should we believe more in Big Data or in magic?
Data analysis is very similar to performing magic. With great skill you can pull things together and create the perception of surprising relationships. Often the magic is getting people to look at one thing, when they should be seeing another. Commentary
How drones turn murderers into martyrs
The Bush and Obama administrations have allowed Pakistani military officials to lie to their own people about Pakistan’s tacit support of the strikes. In exchange for the ability to carry out drone strikes, the United States serves as the Pakistan military’s punching bag. Commentary
Small is beautiful in finance
Mark Carney is wrong to say a vibrant financial sector brings substantial benefits. Finance is a cost, not a component, of prosperity. Commentary
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