United Airlines profit outlook disappoints as fuel shock tests pricing power - Reuters

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  Japan is transitioning to a wage-driven inflation phase, with the finance minister, Satsuki Katayama, indicating sustained inflation will be driven by rising wages. The government is preparing to cut consumption taxes and provide payouts to households to mitigate the impact of rising living costs. The finance minister stressed the government and the Bank of Japan do not see conflict between their inflation views.

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• Oil rises on Middle East supply worries

  Oil prices surged on Wednesday amid growing concerns over Middle East supply disruptions, including a tanker fire near the Strait of Hormuz and attacks on oil infrastructure in Saudi Arabia. This led to Brent crude futures rising 85 cents, or 0.78%, to $109.64 per barrel, while US West Texas Intermediate (WTI) crude climbed 76 cents, or 0.78%, to $98.58 per barrel. The Houthis claimed responsibility for attacks on a Saudi Aramco site, a Shaybah oilfield, and Saudi Arabia's airports. The previous session saw a decl…

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• Capital One's strong quarter and progressing Discover integration are rewarded on Wall Street

  Capital One Financial delivered strong third-quarter results, with better-than-expected net interest income and credit performance, leading to a 12% increase in adjusted earnings per share and a 4% jump in stock price. The company's strong credit performance and positive net interest income were key drivers of the earnings beat, while non-interest income missed expectations. Management also reported progress on the expected synergies from the Discover integration. Capital One repurchased $2.6 billion worth of shar…

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