Luxury carmaker Ferrari beats third-quarter profit expectations

Luxury carmaker Ferrari beats third-quarter profit expectations

Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo Remo Casilli | Reuters Luxury carmaker Ferrari on Tuesday reported stronger-than-expected third-quarter profit, with net revenues jumping more than 7% compared to the same period last year. The Maranello, Italy-based sports car manufacturer posted…

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Stoxx 600, FTSE, DAX, CAC

Stoxx 600, FTSE, DAX, CAC

The skyline of London’s financial district. Leon Neal | Getty Images News | Getty Images LONDON — European stocks were lower on Tuesday, reversing positive sentiment seen at the start of the new trading month. The pan-European Stoxx 600 was down 1.1% at 8:25 a.m. (3:25 a.m.ET), with all sectors in negative territory. The U.K.’s…

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Australia’s central bank sees core inflation stuck above target out past mid-2026

Australia’s central bank sees core inflation stuck above target out past mid-2026

Australia’s central bank now sees core inflation staying above its target band out to the middle of 2026. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank now sees core inflation staying stubbornly above its target band out to the middle of 2026 as consumer demand and house prices pick up faster than expected, seemingly limiting room for further cuts in interest rates. The Reserve Bank of Australia was widely expected to…

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