Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.

„The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,“ Powell said.

The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world’s second-largest economy.

After several quarters of underperformance and investor frustration, CEO Robert Iger’s turnaround plans appear to be working.

Disney doesn’t foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.

BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.

Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite „nuts“ funding rounds for AI firms like OpenAI.

The crisis has prompted comparisons to Britain’s PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).