CALWIRE Market Update (Thursday, October 29, 2026)

By Calwire Markets Desk

  By Calwire Markets Desk

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Today's top story: The politics of President Lagarde's European Central Bank early exit — and who could replace her. This roundup covers 12 stories from CNBC Top and MarketWatch.

Related: CALWIRE Stock Market Open Roundup (Thursday, October 29, 2026) · CALWIRE Market Update (Thursday, July 23, 2026)

The politics of President Lagarde's European Central Bank early exit — and who could replace her
European Central Bank President Christine Lagarde will step down on Feb. 7 next year, she announced Thursday. — CNBC Top

Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last with prices still rising.
Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last... — MarketWatch

The midterms are crucial to the future of Social Security – no matter how old you are
The program is expected to run out of money in the next six years, which is the same amount of time as a senator’s term. — MarketWatch

3 reasons home prices keep going up, even though fewer people are buying
Weaker demand typically drives prices down, but national readings of home prices indicate that they’re still growing. What... — MarketWatch

Eli Lilly hikes sales outlook, as CEO says there's room for 'dramatic' obesity market expansion
Eli Lilly reported that sales of obesity drug Zepbound and diabetes treatment Mounjaro surged again in the third quarter. — CNBC Top

Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business. — CNBC Top

Restaurant Brands reports mixed results as Burger King's U.S. turnaround shows signs of success
Burger King's U.S. restaurants outperformed, while Popeyes disappointed. — CNBC Top

Gen Z midterm voters told us they’re focused on their financial future, as social causes take a back seat
MarketWatch talked to younger voters who said many life goals feel unattainable for their generation. — MarketWatch

European Central Bank keeps key interest rate on hold at 2.5% — CNBC Top

Steve Eisman gets more conservative with portfolio as AI trade nears 'tipping point'
The noted investor, famous from "The Big Short," says it would be "impossible" for an AI crash not to hurt the broader market — CNBC Top

Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, accordin... — CNBC Top

ServiceNow’s stock is on track for its worst day ever. Here’s what went wrong.
Shares in the software company were down 24% on Thursday morning as investors digested its third-quarter earnings.

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