News Highlights: Top Global Markets News of the Day
U.K. Prime Minister Fires Treasury Chief, U-Turns on Taxes
Prime Minister Liz Truss reversed crucial parts of her government's tax plan, a major setback for the new leader after her plan to jolt the economy into growth unraveled in spectacular fashion following a backlash from financial markets and her party.
U.S. Retail Spending Was Flat in September
U.S. shoppers' retail spending was flat in September, as they faced high inflation and rising interest rates.
Stocks Fell After Wild Surge on Wall Street
U.S. stocks fell at the open following Thursday's head-spinning rally that caught many investors by surprise.
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