World News, Politics and War, Reported from Boston
Markets coverage from The Boston Report on stocks, IPOs, earnings and investor sentiment, with plain-language context for the moves. Not investment advice.
China’s producer prices rose 5.7% in October, the fastest since June 2022, while consumer inflation slowed to 0.7%, official data showed.
Berkshire Hathaway bought back $9.6 billion of stock in the third quarter, more than double the prior quarter, as operating earnings fell 5.8%.
Ramp data shows AI token spending grew only 1.5% across August and September after a 42% jump in July, even as usage rose, TechCrunch reported.
The average 30-year mortgage rate fell to 7.18% on Nov. 5, its third straight weekly decline, Freddie Mac said. A year ago, the rate averaged 6.22%.
University of Michigan consumer sentiment rose to 51.0 in November’s preliminary read as 57% of consumers said high prices eroded their living standards.
Akamai’s Q3 revenue rose 6% to $1.122 billion as margins narrowed. The Cambridge company forecast 17%-22% revenue growth in 2027 on cloud commitments.
Moderna posted a $162 million Q3 profit on 29% revenue growth and raised its 2026 revenue forecast to 15%-25% growth, the Cambridge drugmaker said.
Tripadvisor CEO Matt Goldberg and CFO Michael Noonan are leaving as the Needham company restructures its hotel unit after an 11% drop in Q3 revenue.
Palantir Q3 2026 earnings: revenue rose 96% to $2.31 billion and U.S. commercial sales of $984 million topped government for the first time. Key numbers.
Geopolitics and business report, Nov. 6: Iran war odds vs. diplomacy, Canada tariff push, Outcast sanctions, and Europe’s defense selloff for markets.