BOJ to raise rates if economy aligns with forecasts, deputy governor says

A recent analysis by S&P of 9,000 companies worldwide reveals that the real cost of tariffs and other corporate expenses amounts to a staggering $1.2 trillion. This estimate, described as 'highly conservative,' is based on forecasts from companies that represent about 85% of the $130 trillion global equity market. Understanding these costs is crucial as they can significantly impact business strategies and economic policies globally.

This week, former US Treasury Secretary Lawrence H. Summers highlights the rising bank profits alongside emerging risks in credit and a unique US investment in Argentina's currency. The discussion also touches on Japan's labor shortage and the potential for immigration to become a lasting solution. Additionally, self-driving trucks are set to revolutionize freight transport in the US and Europe, though the journey to full automation faces challenges. Lastly, the role of artificial intelligence in warfare raises questions about efficiency and human safety.

Japan has called for increased vigilance regarding excessive foreign exchange volatility, emphasizing the need for stability in currency markets. This is important as fluctuations can impact trade and economic growth, affecting both domestic and international businesses. By addressing these concerns, Japan aims to foster a more predictable economic environment.

The Bank of Canada is shifting its focus towards identifying and managing risks in the financial system, according to its head. This proactive approach aims to enhance the bank's ability to anticipate economic challenges and ensure financial stability. By being more forward-looking, the Bank of Canada hopes to better navigate potential inflationary pressures and maintain a balanced economy, which is crucial for the well-being of Canadians.

According to ECB board member Wunsch, the likelihood of additional interest rate cuts by the European Central Bank is diminishing. This is significant as it indicates a shift in the ECB's approach to monetary policy, reflecting confidence in the eurozone's economic recovery. Investors and businesses will be closely monitoring these developments, as they can impact borrowing costs and overall economic growth.

Fifth Third Bancorp has exceeded expectations in its Q3 2025 earnings call, showcasing strong financial performance that reflects the bank's resilience and strategic growth. This positive outcome is significant as it not only boosts investor confidence but also highlights the bank's ability to navigate economic challenges effectively.

The Bank of England is set to enhance transparency by providing more detailed explanations of its interest rate decisions starting in November. This move is significant as it aims to improve public understanding of monetary policy and its impact on the economy, fostering trust and clarity in financial communications.

Japan's power market is experiencing a significant boom, attracting electricity traders from around the globe to Tokyo next week. This surge in interest highlights the potential for substantial profits in one of the fastest-growing energy markets worldwide. As the demand for energy continues to rise, this development not only promises financial opportunities for traders but also signals a shift in the global energy landscape, making it a crucial moment for stakeholders in the industry.

A US court has ordered the spyware company NSO to cease its targeting of WhatsApp, a significant ruling that underscores the growing scrutiny on surveillance technologies. This decision is important as it aims to protect user privacy and sets a precedent for how courts may handle similar cases in the future.

Kering is reportedly close to finalizing a $4 billion sale of its beauty unit to L’Oreal, according to the Wall Street Journal. This deal is significant as it marks a strategic shift for Kering, allowing the luxury goods company to focus more on its core fashion brands while L’Oreal expands its portfolio in the beauty sector. Such a transaction could reshape the competitive landscape in the beauty industry, highlighting the ongoing trend of consolidation among major players.

Nvidia is making waves in the AI sector with its Vera Rubin project, potentially sparking another surge in artificial intelligence advancements. The company has transformed from a traditional tech player to a market leader, boasting a market cap exceeding $4 trillion. This growth not only highlights Nvidia's pivotal role in the tech industry but also positions it as a key driver of the S&P 500, influencing broader market trends. As AI continues to evolve, Nvidia's innovations could shape the future of technology and investment.

Paramount and Skydance are set to cut 2,000 jobs in the U.S. starting the week of October 27, as reported by Variety. This significant reduction in workforce highlights the ongoing challenges faced by the entertainment industry, particularly in the wake of economic pressures and changing consumer behaviors. The layoffs not only impact the employees directly affected but also signal broader trends in the industry that could affect future productions and job stability.

In a candid admission, Stephen Moore, a former economic advisor to Trump, has expressed concerns about the negative impact of tariffs on economic growth and consumer prices. Speaking to Fortune, he highlighted that tariffs essentially act as taxes, which he believes are detrimental to the economy. Moore also voiced apprehension over Trump's recent comments regarding price controls on essential goods like drugs and beef, suggesting that such interventions could further complicate economic stability. This matters because it reflects a growing unease among even Trump's allies about the long-term effects of his economic policies.

The seafood industry is facing significant challenges, with many chains, including Red Lobster, struggling to stay afloat. Rising costs of key ingredients like shrimp and lobster, combined with a decline in consumer interest, have led to a series of restaurant closures, leaving only 18 locations operational. This situation highlights the broader issues within the industry, as affordable seafood becomes increasingly difficult to provide, impacting both businesses and consumers.