Hollywood royalty was out in force at Vogue World 2025, and fortunately for the event’s attendees, that included one Gracie Abrams, who performed a medley of Carole King’s iconic 1971 hit “I Feel the Earth Move” and her own song…
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World's first yen-pegged stablecoin debuts in Japan – Reuters
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China’s industrial profits surge 21.6% in September, biggest jump in nearly two years
Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China.
Shi Kuanbing | VCG | Visual China Group | Getty Images
China’s industrial profits soared 21.6% in September from a year ago, the National Bureau of Statistics said Monday, as Beijing’s campaign to curb price wars helped ease pressure on manufacturers despite persistent trade tensions with the U.S.
That sharp jump, extending a strong rebound that began in August when the industrial profits jumped 20.4% year-on-year, marked the biggest gain since November 2023.
For the first nine months of the year, profits at major industrial firms grew 3.2%, the official data showed.
The rebound in corporate profitability was largely helped by Beijing’s policies aimed at curtailing fierce price competition across industrial sectors, at a time when deflation in producer prices stretched into its third year.
China’s consumer prices fell more than expected in September, slipping 0.3% from a year earlier, while the producer price index slumped 2.3%.
Chinese manufacturers have weathered uncertain trade policies with the U.S. and tepid consumer confidence at home as the world’s second-largest economy grappled with a prolonged housing downturn, weak labour market conditions and growing headwinds on its exports.
While the country’s overall exports have remained resilient this year, analysts expect the trade growth to slow in the final quarter, in part due to the high base last year.
“We expect export growth to slow in Q4, after an increase to 6.6% y-o-y in Q3 from 6.2% in Q2, due to a high base and rising trade barriers globally,” said a team of economists at Nomura.
China’s economy expanded 4.8% in the third quarter, marking the slowest rate in a year. Fixed-asset investment unexpectedly contracted 0.5% in the first nine months of the year — the first such decline since 2020 during the pandemic — according to data going back to 1992 from Wind Information.
Industrial output grew faster than expected in September, climbing 6.5% from a year ago, and up from 5.2% growth in the previous month.
The resilient headline figures suggest Beijing may not see much urgency in rolling out more stimulus measures to achieve its growth target of around 5% for this year, analysts said.
While Chinese policymakers pledged to boost domestic demand at a high-profile economic planning meeting earlier this month, they also stressed the need for technological breakthroughs in technological frontiers and upgrading the country’s industrial capabilities.
“References to ‘expanding domestic demand’ and ‘improving livelihoods’ are present but comparatively much less prominent,” said Louise Loo, head of Asia Economics at Oxford Economics.
“These suggest that while policymakers recognise weak household sentiment and a savings overhang, they don’t envision large-scale consumption stimulus over the next five years,” Loo added.
This is breaking news. Please refresh for updates.
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Waste material turned into high-performance structure with new method
Researchers have developed a method that can help turn plastics into valuable carbon nanomaterials.
One of the world’s most persistent waste problems, plastics are durable and difficult to recycle.
Developed by researchers from Adelaide…
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The Tycho Supernova’s Hidden Secret
In November 1572, a brilliant new star appeared in the constellation Cassiopeia, shining so brightly that it was visible during the day. Danish astronomer Tycho Brahe carefully documented this celestial phenomenon, and the supernova…
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Dow Jones Top Company Headlines at 9 PM ET: Novartis Agrees to Acquire Avidity Biosciences for $12 Billion | HSBC …
Novartis Agrees to Acquire Avidity Biosciences for $12 Billion
The Swiss pharmaceutical company says the purchase would complement its existing pipeline of treatments for neuromuscle disorders.
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HSBC Holdings to Book $1.1B Provision Related to Madoff Case
The London-based bank said that a unit is defending a claim brought by Herald Fund SPC for restitution of securities and cash in the lawsuit relating to the Bernard L. Madoff Investment Securities LLC fraud.
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China EV Maker Seres Plans to Raise Up to $1.7B in Hong Kong Offer
The company, focused on new energy vehicles, is planning to sell 100.20 million shares at a maximum offer price of 131.50 Hong Kong dollars, equivalent to $16.92 a share.
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Boeing Defense Workers Reject Latest Contract
The St. Louis-area machinists have been on strike since early August.
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OpenAI’s Less-Flashy Rival Might Have a Better Business Model
Anthropic, backed by Amazon and Google, lacks the mass-market appeal of OpenAI, but it’s running ahead in corporate use on a growth path that’s easier to understand.
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Grindr Gets Buyout Offer Valuing Company at Nearly $3.5 Billion
Two top investors proposed to take the company private by acquiring the rest of the company’s outstanding shares for $18 apiece.
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Travis Kelce Is Jumping In to Save Six Flags Just When It Needed It Most
The football star is backing a hedge fund looking to shake America’s largest theme-park operator out of its funk.
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The Cracker Barrel Mess Isn’t Over Yet
The online anger over the logo change and calls to oust the CEO were actually turbocharged by bots. Even the green beans are making people mad.
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Porsche Skids to Loss on Bad EV Bet, Tariffs
Slow electric-vehicle rollout, weak demand for German premium cars in China and U.S. President Trump’s tariffs have taken a toll on the sport-car maker.
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Microsoft’s Xbox to Remake Original Halo Video Game
The remake, titled Halo: Campaign Evolved, will support multiplayer gaming across several consoles for the first time.
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Elanco Animal Health Obtains FDA Authorization for Screwworm Treatment
Health and Human Services Secretary Robert F. Kennedy Jr. determined that New World screwworm presents significant potential for a public health emergency.
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Brookfield Wins Bid to Restart Notorious Nuclear Reactor Project
The restart of an abandoned South Carolina project would be the most dramatic example yet of a nuclear comeback in the U.S.
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GM Cuts More Than 200 White-Collar Jobs in Detroit
The move comes days after GM’s stock surged to a record following better-than-expected earnings and a rosier outlook.
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Procter & Gamble to Focus on Innovation, Not Discounts, to Attract Wary Shoppers
The company reported higher first-quarter sales and said it was investing in product innovation instead of lowering prices to draw cautious consumers.
(END) Dow Jones Newswires
October 26, 2025 21:15 ET (01:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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‘Audition’ tries out for a part beyond its reach
Like writers of The Michigan Daily Book Review past, our fearless reviewers are once again tackling the Booker Prize Shortlist. Every year, six English-language books published in the UK and Ireland are nominated, and six Daily reviews…
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Charles secures an excellent second place in Mexico
• At the start Charles and Lewis pushed hard to try and overtake poleman Norris, but they had to settle for maintaining their second and third grid positions.
• On lap 6 a fight between Lewis and Max Verstappen resulted in the…
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Julia Garner Takes on a New Role at Vogue World 2025: Hollywood
MARIE ANTOINETTE, Kirsten Dunst, (on left), 2006. ©Sony Pictures/courtesy Everett Collection©Sony Pictures/Courtesy Everett Collection
In place of the Manolo Blahnik shoes Dunst wore in the original film, Garner will hit the runway in a pair of…
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What the teams said – Race day at the 2025 Mexico City Grand Prix
Mercedes
It was a tricky race to manage for the Silver Arrows in Mexico, with their drivers often battling for position. Russell ran across the grass at the start, which cost him a position to Verstappen, and he ran wide again a few laps later to…
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