πŸ“Š Shutdown Stalls Key Inflation Data

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ“ˆ DuPont announces Qnity separation details
πŸ“Š Shutdown delays critical inflation report
🀝 Western Midstream completes Aris acquisition
πŸ›’ US retail sales rise excluding autos
πŸ’° Synchrony boosts share repurchase program
🎁 +8 more stories you might like

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πŸ“ˆ DuPont Finalizes Qnity Electronics Spin-Off Details Link
  • DuPont's Board approves the separation of its Electronics business, Qnity.
  • Shareholders will receive Qnity stock on a pro rata basis by November 1.
  • Qnity to begin trading on NYSE under the symbol 'Q' starting November 3.
πŸ“Š Shutdown Stalls Key Inflation Data, Fed's Challenges Grow Link
  • The government shutdown delays the Labor Department's monthly inflation report.
  • Federal Reserve relies on private sector data amid the data gap.
  • Inflation remains above target, complicating Fed's policy decisions.
🀝 Western Midstream Expands with Aris Water Solutions Acquisition Link
  • Western Midstream completes acquisition of Aris, enhancing its water solutions capabilities.
  • Aris shareholders receive a mix of cash and Western Midstream units.
  • The merger strengthens Western Midstream's position in the Delaware Basin.
πŸ›’ Retail Sales Climb Amid Inflation Concerns Link
  • U.S. retail sales, excluding autos, rose 0.5% in September.
  • Inflation-adjusted sales saw a smaller increase of 0.2%.
  • Higher-income households drive spending, with lower-income groups feeling the pinch.
πŸ’° Synchrony Enhances Shareholder Value with Repurchase Boost Link
  • Synchrony Financial reports strong Q3 results and increases share repurchase authorization.
  • The new buyback program totals $2.1 billion through mid-2026.
  • The company continues to focus on responsible credit and banking solutions.

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  • πŸ“‰ Kemper shares fall after CEO resignation (Link)
  • πŸ“‰ USA Rare Earth stock declines on profit-taking (Link)
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  • πŸ“Š Seattle voters to decide on business tax changes (Link)
  • πŸ“Š Shutdown delays critical inflation report (Link)

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