Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
A Missouri man died of vaping-related illness, officials announced Thursday.Health and Scienceread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
Patrick Shyu, a former tech lead at Google, has posted a series of videos making fun of Facebook, where he worked as a software engineer until last month.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Australian inflation rose more than expected in the September quarter due to a sharp spike in fuel prices, sending the local dollar to a 4-1/2 month high as markets pruned back the chances of further interest rates cut this year.
However, despite the quarterly rise, the annual rate of inflation remained in the bottom half of the Reserve Bank of Australia's (RBA) 2-3 percent target band, suggesting there is still room to cut interest rates if push comes to shove.
(Read more: Is Australia's rate-cutting cycle over?)
"The headline readings are certainly above expectations, the underlying readings are relatively more restrained," said Savanth Sebastian, an economist at CommSec.
"But in general it's clear that inflation is still in check, holding towards the mid-point of the Reserve Bank's target band."
Figures from the Bureau of Statistics on Wednesday showed headline inflation quickened to 1.2 percent in the third quarter from 0.4 percent in the second quarter, thanks to a sharp rise in automotive fuel.
The two measures of underlying inflation, the trimmed-mean and weighted median, came in at 0.7 percent and 0.6 percent respectively, taking their annual reading to 2.3 percent.
Pricing out cut
Investors took the headline number as an excuse to bid up an already rallying Australian dollar, pushing it to a fresh 4-1/2 month high of $0.9749, from around $0.9710 before the data.
Interbank futures turned negative as the market trimmed the chance of an interest rate cut in 2013 and moved to price in a slightly bigger risk of a rate hike over a 12 month period.
December interbank futures now imply only a 14 chance of a quarter point cut, compared with around 22 percent before the data.
"It's certainly a disappointing inflation outcome and a further blow to those expecting another interest rate cut," said Shane Oliver, chief economist at AMP Capital Markets.
"The September quarter is traditionally a strong one, so its quite feasible that the next quarter will surprise on the downside."