File photoUSAEconomy
Fed holds rates as two officials push for a hike
The Federal Reserve kept its key rate at 3.75%-4% in a 10-2 vote, with two policymakers preferring a quarter-point increase as inflation stays high.
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Daily roundup
World News
Seven stories to know this Thursday, US first: the Fed holds rates, Alphabet's mixed quarter, the final midterm push, a deadly drone strike in Dnipro, a North Korean missile salvo, Lagarde's early ECB exit and a US letter to Iran.
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File photoUSATech
Google Cloud doubles, but Alphabet misses forecasts
Alphabet's revenue rose 25% to $127.6 billion and its cloud unit more than doubled, but results missed Wall Street estimates and heavy AI spending pushed cash flow negative.
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File photoUSAPolitics
Trump and Obama make final midterm pitches
With five days until the Nov. 3 midterms, President Trump rallied Republicans in Ohio while former President Obama campaigned for Democrats in Georgia.
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File photoUkraineDeveloping
Russian drone hits Dnipro train station, killing 14
A Russian drone struck a crowded railway platform in the Ukrainian city of Dnipro on Thursday, killing at least 14 people and wounding at least 10, officials said.
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File photoNorth Korea
North Korea fires about 10 ballistic missiles
North Korea launched around 10 short-range ballistic missiles into the sea off its east coast on Thursday, South Korea's military said.
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File photoEurope
Lagarde to leave the ECB nine months early
European Central Bank President Christine Lagarde will step down on Feb. 7, 2027, about nine months before her eight-year term ends.
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File photoIranDeveloping
Vance letter to Iran seeks a return to talks
US Vice President JD Vance has written to Iran's security chief to try to restart talks, US media report, as Washington weighs new strikes after the midterms.
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- Fed holds rates as two officials push for a hike: “Marriner S. Eccles Federal Reserve Board Building” by AgnosticPreachersKid, via Wikimedia Commons, CC BY-SA 3.0. Cropped and resized.
- Google Cloud doubles, but Alphabet misses forecasts: “Googleplex HQ (cropped)” by Asoundd, via Wikimedia Commons, CC BY-SA 4.0. Cropped and resized.
- Trump and Obama make final midterm pitches: “Pile of "I Voted" stickers” by Funknendai, via Wikimedia Commons, CC0 1.0. Cropped and resized.
- Russian drone hits Dnipro train station, killing 14: “Dnipro railway station. Platforms” by Toss12, via Wikimedia Commons, CC BY 4.0. Cropped and resized.
- North Korea fires about 10 ballistic missiles: “Wonsan in North Korea” by stngiam, via Wikimedia Commons, CC BY-SA 3.0. Cropped and resized.
- Lagarde to leave the ECB nine months early: “ECB Frankfurt” by M.Minderhoud, via Wikimedia Commons, CC BY-SA 3.0. Cropped and resized.
- Vance letter to Iran seeks a return to talks: “Tehran Skyline, Milad Tower and Alborz Mountains, Iran (10059004754)” by Julia Maudlin, via Wikimedia Commons, CC BY 2.0. Cropped and resized.
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