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Moody's Downgrades France's Outlook to 'Negative'
Moody's Investors Service has revised France's outlook from 'Stable' to 'Negative', citing increasing risks stemming from political division that could adversely affect the effectiveness of legislative institutions. The agency maintained France's sovereign credit rating at 'Aa3'. This adjustment reflects concerns over rising borrowing costs and mounting budgetary pressures, necessitating improvements in the government's financial condition and the implementation of reforms.
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US Inflation Slowdown Boosts Odds of Further Rate Cuts
A recent report from the US Bureau of Labor Statistics revealed that inflation in the United States slowed more than expected in September, potentially giving the Federal Reserve more room to cut interest rates at its upcoming meeting next week. The core Consumer Price Index rose by 0.2% compared to August, falling short of previous expectations. Year-over-year, inflation reached 3% in September, up from 2.9% in August. Reports suggest that these figures may lead investors to consider an additional rate cut in December if no new data emerges next month.
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How to Protect Your Savings from Market Fluctuations During Financial Crises
Ordinary savers face significant challenges during financial crises, as large investors grapple with massive financial entities. Individuals must exercise caution in managing their savings to shield them from market volatility and inflation. Economist Mazen Ershid emphasizes the importance of focusing on preserving value rather than pursuing large profits, as well as the significance of diversifying savings portfolios. He warns of increasing risks in financial markets and bonds, asserting the necessity of investing in gold as a safe haven. Given current conditions, savings require prudent strategies to mitigate financial risks.
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U.S. Food Banks Brace for Surge in Demand Amid Federal Shutdown
America’s food banks are preparing for unprecedented strain as the federal government shutdown threatens to suspend Supplemental Nutrition Assistance Program (SNAP) benefits in November.
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Porsche Reports 95.9% Profit Collapse Amid Strategic Restructuring
German luxury automaker Porsche posted a staggering 95.9% decline in net profit over the first nine months of 2025, driven by a major restructuring under CEO Oliver Blume. Operating profit plunged to just €40 million, compared with more than €4 billion in the same period last year. The company cited delayed EV launches, abandoned battery projects, and rising restructuring costs of over €3 billion, underscoring the fragility of its transition strategy.
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