IJR News

Richemont profit jumps 33% as sales outpace luxury market slowdownBusiness — 3hRichemont reported first-half sales of €12.3 billion, up 16% year over year, as strong jewelry demand helped the Cartier owner outperform a struggling luxury market; second-quarter sales rose 13%. Operating profit climbed 33%, though a €229 million tariff-related gain boosted the result and higher raw-material costs pressured underlying margins.

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Maya Lindstrom Outperforming the luxury slowdown is good but Richemont needs to keep that jewelry momentum without one-off gains.

ECB Weighs December Rate Hike Amid 4% Inflation — Nov 5, 2026ECB President Christine Lagarde said policymakers will assess incoming economic data before deciding whether to raise interest rates in December, as eurozone inflation—driven largely by energy costs—has climbed to a three-year high of 4%. Higher headline inflation strengthens the case for a hike, while subdued core inflation and limited signs of broader price spillovers argue for caution.

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Bank of England set to lift rates to 4% after 11-month inflation highFinance — Nov 4, 2026The Bank of England is widely expected to raise its benchmark rate from 3.75% to 4%—its first increase since August 2023—as inflation climbs to 3.5% amid conflict-related fuel and energy costs. Higher borrowing costs could squeeze mortgage holders, while rising household energy bills may add to inflationary pressure.

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Tom Gallagher This move makes sense to curb 3.5 percent inflation but it risks tipping more households into financial strain if bills keep climbing.

Manufacturing pmis rise in the us, uk and polandBusiness — Nov 2, 2026Manufacturing surveys pointed to improving activity: the U.S. PMI rose to 55.5, Britain’s climbed to a five-month high of 52.8 as output and orders accelerated, and Poland’s reached 50, its highest in 18 months. UK manufacturers also faced faster-rising input costs and stalled hiring, tempering the otherwise stronger outlook.

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Priya Raman US PMI at 55.5 signals real strength, but UK costs and stalled hiring could still hold back growth.

Utah Reaches No. 2 in AP and CFP Rankings — 4dUtah climbed to No. 2 in the AP Top 25 after beating BYU, matching the highest ranking in program history, while coach Morgan Scalley urged the team to stay focused with a matchup against No. 22 Arizona ahead. BYU fell to No. 12, and Utah remains in contention for the Big 12 title game and College Football Playoff.

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Most Influential Women in World HistoryYourlist — RankingFrom ancient queens who ruled empires to modern activists who changed laws, these women left indelible marks on politics, science, and culture. Vote for who you think shaped history most profoundly.

China industrial profits rise at fastest pace in three monthsFinance — Oct 27, 2026China industrial profits rose 14.4% in September, the fastest pace in three months, as electronics profits doubled and high-tech manufacturing climbed 52%.

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Jared Kim The 14.4 percent jump is welcome after slower months, though it may not signal broad recovery yet.

BBVA Q3 Profit Climbs 19%, Provisions Rise 24%Finance — Oct 29, 2026BBVA’s third-quarter net profit rose 19% to about €3.02 billion, roughly matching analysts’ expectations, as strong lending lifted net interest income by 22%. For the first nine months of 2026, profit climbed 13.6% to €9.07 billion, although higher loan-loss provisions weighed on results.

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Nicole Hardy Rising provisions by 24% could point to growing caution about potential defaults in their loan book over the next year.

Yuan Hits Four-Year High, PBOC Tempers GainsFinance — Oct 26, 2026The yuan climbed to its strongest level against the dollar in four years, supported by a weak U.S. dollar and robust Chinese export-related demand. China’s central bank has been setting weaker-than-market-expected daily reference rates to moderate the currency’s appreciation and protect exporters, while investors await major central bank decisions.

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Brent Tops $112 as Gulf Supply Risks RiseFinance — Oct 19, 2026Brent crude climbed to a five-month high around $110 a barrel as reported attacks on Gulf vessels and Houthi claims of strikes on Saudi facilities heightened concerns about energy supplies; Saudi Arabia had not confirmed the claims. Recovering exports and the possibility of increased Russian supply could temper the geopolitical risk premium if shipments remain uninterrupted.

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Climb Bio Reports 38% Immunologic RemissionHealth — Oct 23, 2026Climb Bio reported early Phase 2 results for budoprutug in primary membranous nephropathy: the 200-mg group had a 70% average reduction in disease-linked antibodies at 12 weeks, with 5 of 13 patients reaching immunologic remission. Early 600-mg data showed deeper B-cell depletion but shorter follow-up; the company reported no treatment-related serious adverse events in the reported cohorts, and the trial is continuing to test higher doses.

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U.S. Gas Prices Expected Above $4 Into Midterms — Oct 26, 2026Gas prices remain above $4 per gallon nationally and are substantially higher than a year ago, while diesel has climbed above $6. Regional prices vary, but analysts expect limited near-term relief as oil-market pressures—including the Iran conflict—keep fuel costs elevated ahead of the midterm elections.

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Quentin Tarantino vs Martin ScorseseYourlist — VS BattleThe video store savant versus the film-school don — two visions of American violence, guilt, and cool.

July median home prices climb in five counties as sales divergeBusiness — Oct 31, 2026July median home-sale prices rose month over month in all five counties: Stearns County, Minnesota, reached $298,450; San Bernardino County, California, $555,000; Taylor County, Texas, $292,552; Wichita County, Texas, $219,948; and Chatham County, Georgia, $359,000. Year over year, prices were down slightly in Stearns County but higher in San Bernardino, Taylor and Wichita counties; the Chatham County report did not provide a year-over-year comparison.

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Rents reported higher across five US marketsBusiness — Oct 26, 2026Apartment rents showed varied trends across U.S. markets: Miami-Dade rents rose 2% year over year as insurance costs for multifamily properties fell, while listing prices climbed 17% in Panama City Beach and 8% in Amarillo and Brockton. Burlington rents increased 3% year over year, though its September median was slightly below August’s.

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T.J. Hockenson climbs fantasy tight end rankings ahead of Week 8 byes — Oct 27, 2026Week 8 fantasy advice highlights T.J. Hockenson as a replacement option for managers missing tight ends on bye, while Kyle Pitts has emerged as a stronger option after scoring four touchdowns over three weeks. Other player updates note Antonio Williams’ potential for a larger role and Tyler Shough’s modest passing production in a Saints loss.

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MLB Qualifying Offer Hits Record $23.15 Million — Oct 19, 2026MLB’s qualifying offer for this year’s free agents climbed 5.1% to a record $23.15 million, based on the average of the league’s 125 highest-paid contracts. Eligible players can accept a one-year deal or decline and enter free agency, while their former team may receive draft-pick compensation if they sign elsewhere; only 18 of 157 offers have been accepted.

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Dana Whitfield The jump to 23.15 million shows how fast salaries keep rising at the top and it will only push teams to protect their draft picks more carefully.

Pick a food for every letter and the AI reveals your futureQuizie — QuizA to (almost) Z, one delicious decision at a time. At the end, the AI reads your feast like tea leaves and tells your fortune.

US Toy Prices Jump 6.6% Before Holidays — Oct 14, 2026U.S. toy prices climbed 6.6% year over year in September, with a 4.2% seasonally adjusted increase from August, adding pressure on holiday shoppers already managing tight budgets. Reports cite tariffs and higher energy and shipping costs as contributing factors, even as the toy industry posted strong sales growth earlier this year.

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FTSE 100 Climbs to Three-Week HighFinance — Oct 13, 2026The FTSE 100 climbed to multiweek highs, supported at different points by stronger-than-expected UK growth, financial shares and gains in pharmaceuticals, defense, energy and consumer stocks. Mining and banking losses occasionally limited advances, while investors also weighed persistent U.S. inflation and concerns about technology demand.

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Yen climbs to seven-month high on hawkish BOJ betsBusiness — Sep 8, 2026

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BOB RUBIN: Sky-High Vacancy, Sky-High Rents, And Progressive Policies To Blame For Blue-City Housing Mirage — Dec 9, 2025CNBC reported this month that apartment vacancies across America have climbed to an all-time high . On the surface, that sounds like good news. More empty units should mean more options and more affordable rents for…

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Biden Deals Another Blow To Oil and Gas Industry, Suspends Leases in Arctic National Wildlife RefugeOpinion — Jun 2, 2021It’s like the old Obamacare line, although President Joe Biden means it this time: If you like your high gas prices, you can keep your high gas prices. And then some. Apparently unfazed by a dramatic climb in the…

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Record-High Antisemitic Hate Crimes Reported In 2023 As Israel-Hamas War Rages On, FBI Finds — Sep 24, 2024The number of reported antisemitic hate crime offenses climbed to an all-time high in 2023, with the uptick largely coinciding with the beginning of the Israel-Hamas war, according to new FBI statistics released Monday…

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France Rates Hit 2002 High, Swiss Inflation Climbs — Sep 30, 2026French borrowing costs have surged amid political uncertainty, while producer prices rose more than expected, adding to concerns about economic pressures. Swiss inflation also reached a two-year high in September, driven by oil prices and a weaker franc, though it remained modest compared with the wider euro area.

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Priya Raman Those rising French producer prices on top of the rates surge point to more cost pressure for households ahead.

Dollar climbs to 18-month high amid Middle East and Ukraine attacksWorld — Oct 12, 2026The dollar held near an 18-month high as escalating attacks on energy infrastructure in the Middle East and Ukraine pushed oil prices higher and fueled safe-haven demand. Investors also awaited U.S. inflation data and signals on Federal Reserve policy; most Asian currencies were little changed, while the rupee strengthened after India’s central bank moved to curb dollar demand.

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Mortgage rates climb to 14-month high as Fed decision looms — Sep 3, 2026Mortgage rates climbed to about 6.71% for a 30-year fixed, the highest in more than a year, with the 15-year rate near 6.04%, as inflation, Fed policy expectations, and geopolitical factors like the U.S.-Iran conflict and higher oil prices push yields higher. The uptick is squeezing affordability and weighing on housing demand, though some buyers remain active as markets adapt to the new rate environment.

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Chris Dalton Waiting for the Fed to cut isn't a strategy anymore, at this point I think buyers just have to plan around 6-7% being the new normal.