Truth above allHot September CPI Sends Wall Street Lower at the Open
Wall Street opened lower on Wednesday, October 14, 2026, after hotter-than-expected inflation data strengthened concerns about the Federal Reserve's interest-rate outlook. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declined at the opening bell as investors assessed September's Consumer Price Index (CPI) report, rising Treasury yields, elevated oil prices, and quarterly earnings from major US banks.
Rush and Endeavor Health announce merger to form Illinois giant
Rush University System for Health and Endeavor Health announced Wednesday that they plan to merge, creating one of Illinois' largest health systems. The unified organization would operate under the Rush name, with Endeavor Health President and CEO J.P. Gallagher leading it. Dr. Omar Lateef, Rush's current CEO, will stay through the transaction's close and then become CEO Emeritus and Strategic Advisor. The deal, subject to regulatory review, is targeted to close in early 2027.
Fed's October Rate Call Tightens as Inflation Broadens
U.S. consumer prices rose 3.7% in the year to last month, well above the Fed's 2% target, with core CPI at 2.6% and broad-based gains in software and toys. The data lifted rate-hike odds for the October 27-28 FOMC meeting to roughly even, a rare uncertainty two weeks before the decision and just ahead of November elections.
Bank of America Profit Falls 17% After $1.2 Billion Treasury Fine
Bank of America reported a 17% drop in third-quarter profit to $6.93 billion, or 91 cents per share, after a $1.2 billion penalty from the U.S. Treasury Department over anti-money laundering and sanctions violations. Revenue rose 3.2% to $30.12 billion but missed estimates by about $570 million, largely on weak fixed income and equities trading. Shares fell more than 4% in premarket trading.
Hot September CPI Sends Wall Street Lower at the Open
Wall Street opened lower on Wednesday, October 14, 2026, after hotter-than-expected inflation data strengthened concerns about the Federal Reserve's interest-rate outlook. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declined at the opening bell as investors assessed September's Consumer Price Index (CPI) report, rising Treasury yields, elevated oil prices, and quarterly earnings from major US banks.
Rush and Endeavor Health announce merger to form Illinois giant
Rush University System for Health and Endeavor Health announced Wednesday that they plan to merge, creating one of Illinois' largest health systems. The unified organization would operate under the Rush name, with Endeavor Health President and CEO J.P. Gallagher leading it. Dr. Omar Lateef, Rush's current CEO, will stay through the transaction's close and then become CEO Emeritus and Strategic Advisor. The deal, subject to regulatory review, is targeted to close in early 2027.
Fed's October Rate Call Tightens as Inflation Broadens
U.S. consumer prices rose 3.7% in the year to last month, well above the Fed's 2% target, with core CPI at 2.6% and broad-based gains in software and toys. The data lifted rate-hike odds for the October 27-28 FOMC meeting to roughly even, a rare uncertainty two weeks before the decision and just ahead of November elections.
Bank of America Profit Falls 17% After $1.2 Billion Treasury Fine
Bank of America reported a 17% drop in third-quarter profit to $6.93 billion, or 91 cents per share, after a $1.2 billion penalty from the U.S. Treasury Department over anti-money laundering and sanctions violations. Revenue rose 3.2% to $30.12 billion but missed estimates by about $570 million, largely on weak fixed income and equities trading. Shares fell more than 4% in premarket trading.
Hot September CPI Sends Wall Street Lower at the Open
Wall Street opened lower on Wednesday, October 14, 2026, after hotter-than-expected inflation data strengthened concerns about the Federal Reserve's interest-rate outlook. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declined at the opening bell as investors assessed September's Consumer Price Index (CPI) report, rising Treasury yields, elevated oil prices, and quarterly earnings from major US banks.
Rush and Endeavor Health announce merger to form Illinois giant
Rush University System for Health and Endeavor Health announced Wednesday that they plan to merge, creating one of Illinois' largest health systems. The unified organization would operate under the Rush name, with Endeavor Health President and CEO J.P. Gallagher leading it. Dr. Omar Lateef, Rush's current CEO, will stay through the transaction's close and then become CEO Emeritus and Strategic Advisor. The deal, subject to regulatory review, is targeted to close in early 2027.
Fed's October Rate Call Tightens as Inflation Broadens
U.S. consumer prices rose 3.7% in the year to last month, well above the Fed's 2% target, with core CPI at 2.6% and broad-based gains in software and toys. The data lifted rate-hike odds for the October 27-28 FOMC meeting to roughly even, a rare uncertainty two weeks before the decision and just ahead of November elections.
Bank of America Profit Falls 17% After $1.2 Billion Treasury Fine
Bank of America reported a 17% drop in third-quarter profit to $6.93 billion, or 91 cents per share, after a $1.2 billion penalty from the U.S. Treasury Department over anti-money laundering and sanctions violations. Revenue rose 3.2% to $30.12 billion but missed estimates by about $570 million, largely on weak fixed income and equities trading. Shares fell more than 4% in premarket trading.
