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Meloni’s Fiscal Restraint in Italy Is Set to Endure, DBRS Says
Chinese Stocks Turn Biggest Losers as Global AI Trade Stumbles
Blue Owl Founders Promised a Comeback. The Company’s Share Price Hasn’t Budged.
New Cracks in AI Trade Push Wall Street to Worst Week Since June
A Volatile Week Ends with Tech Stocks Down, Oil Up
KLEA Finance Daily: Friday, October 16, 2026
The Most Polite Trucker in America Is a Driverless 18-Wheeler
Anthropic signs lease for first Canadian data center
Anthropic proposes AI safety bill with strict intervention thresholds - Politico
Oil hits 5-month high of $110 on new escalation in Middle East
Anthropic quietly pitches its own AI safety bill to lawmakers, Politico reports
Global hedge funds hammered by AI selloff this week, Asia managers lead losses
M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw Backlash
Netflix Scrambles to Rewrite Its Narrative With Layoffs and a Sudden Firing
Mexico Says Airlines Can Add US Routes From Mexico City Airports
Air-Traffic Controllers’ Practice of Leaving Work Early Targeted in Pay Deal
Graza CEO on Market Expansion, Consumer Outlook
US lifts restrictions on new Mexican flights from capital’s airports
Grynspan holds lead for next UN chief as race enters decisive stage
TGI Fridays CEO on Company Turnaround, Expansion Plans
Democrats Outpace Republicans in Congressional Fundraising
Mexico Set to Approve $12.5 Billion in Renewable Power Projects
LA restaurant group used $60,000 Dodgers bet to hedge playoff risk, Kalshi says
Upgrade’s Bank Ambitions Show How FinTech Growth Expands Choices
FAA, Air Traffic Controllers’ Union Reach Agreement on Pay Bump
Novavax shareholder Shah Capital to step back from activist role
Healey says new Heathrow runway would boost ‘growth’ despite Burnham wavering
Gold prices slip for the week as oil gains offset weaker dollar, U.S. bond rally
Proofpoint taps JPMorgan, UBS for $1.25 billion debt deal - Bloomberg
Russia stocks higher at close of trade; MOEX Russia Index up 1.70%
As AI rally wobbles, stock market’s spotlight turns to earnings
Moody’s upgrades Egypt to B3 on fiscal reforms, keeps positive outlook
US air traffic controllers reach deal with FAA for 2.8% pay rise, WSJ reports
Katie Zacharia Out of the Job as Trump’s Press Secretary
Brazil may offer credit lines to ease impact of tax, labor reforms, minister says
Meta Withdraws $25 Million from Its Midterms Push
Apple blames ‘extraordinary’ demand as foldable iPhones sell out
US Markets Decline Amid Inflation Concerns and Rising Oil Prices
Exclusive-Boeing sales chief McMullen to retire, company memo says
Sound Inpatient nears $1 billion refinancing with existing lenders - Bloomberg
Foreign Holdings of US Treasuries Rise From Almost One-Year Low
Brent hits 5-month high above $110 on continued tension in Middle East
Air Traffic Controllers Reach Deal With FAA for 2.8% Pay Increase
Celanese stock falls after raising LCP prices globally
Federal Judge Denies Gemini and CFTC Bid to Erase 2025 Settlement
Gold Steady as Rate-Hike Bets Ease, Oil Pushes Yields Higher
Dollar Has Worst Week in Month With Warsh Quiet on Rate Path
Big Tech stocks suffer biggest weekly drop since ‘liberation day’
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.34%
Canada stocks higher at close of trade; S&P/TSX Composite up 0.11%
Compass Sues California Home Listing Service Over Rules
Coreweave Slides 25% for the Week as AI Credit Concerns Grow | Closing Bell
Nasdaq notches worst week since late June with a 4.5% slide as AI trade suffers
Peru Indigenous Group Bids for Part of China-Owned Mine
SoftBank weighs $18 billion acquisition of Allied Universal, Bloomberg News reports
Moody’s upgrades CVR Energy to B1 on improved balance sheet and liquidity
Trump Task Force Orders Report on AI Dangers
RNAi Developer City Therapeutics Jumps 24% After Upsized IPO
Trump, Pichai and Even Altman Praise Tesla’s Flying Roadster EV
Ukraine’s Zelenskiy blasts US-Russian diesel deal, welcomes bigger European role in peace process
FAA nears approval for Boeing 737 MAX 10 jetliner - reports
FAA set to approve Boeing 737 MAX 10 as soon as next week, sources say
Chip Stocks Post Longest Losing Streak Since 2008: Markets Wrap
Taco Bell Says AI Helps Workers Live Más, Quit Less
Stablecoins Take Aim at Cash Locked in Prefunding
Regions Bank Says AI Cybersecurity Drives Up Costs 1.5% to 3.5%
Rich make millions by flipping private jets
Oil set for weekly surge on Mideast supply fears, Russian diesel deal uncertainty
Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
New Zealand Manufacturing PMI Reaches 56.5, Marking 15 Months of Growth
New Zealand's manufacturing sector demonstrated significant growth in September, with the BNZ-BusinessNZ Performance of Manufacturing Index (PMI) rising to 56.5 from 53.3 in August. This marks the 15th consecutive month that the index has remained above the neutral level of 50, indicating ongoing expansion. The latest reading is notably above the long-term average of 52.5 and is the highest since June 2021, excluding an unusually strong reading of 60.1 recorded that month.
The increase in the PMI was driven by improvements across several sub-indices, with finished stocks leading at 59.0 and deliveries at 58.8. Both production and new orders also showed strong growth, each reaching 57.0. Employment, while still the weakest component at 51.8, returned to expansion from a neutral position of 50.0 in August. BusinessNZ Director of Advocacy Catherine Beard highlighted the return to growth in employment as a positive sign for manufacturers, suggesting increased willingness to hire as the sector gains momentum heading into the final quarter of the year.
Despite the positive headline figures, the overall sentiment among manufacturers remains cautious. More than half of the comments from respondents were negative, with concerns about rising fuel prices and uncertainty surrounding the upcoming elections. BNZ Senior Economist Doug Steel noted that while the PMI reflects strong forward-looking components, persistent cost pressures and election-related uncertainties could impact investment and hiring decisions in the near future. The upcoming October survey will be crucial in determining whether this momentum can be sustained.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News