❌

Normal view

There are new articles available, click to refresh the page.
Today β€” 29 October 2026Main stream

Inflation Accelerated in October, PCE Index Shows

29 October 2026 at 13:11
The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.

Β© Ben Stansall/Agence France-Presse β€” Getty Images

A factor pushing prices up this year has been a severe energy crunch created by the war with Iran that sent oil prices soaring.

China Confirms Expulsion of 33 Officials, as Xi’s Purge Deepens

29 October 2026 at 12:49
Xi Jinping has enforced loyalty as he prepares to claim a fourth term as leader. Among those removed was a prominent former diplomat, Liu Jianchao.

Β© Florence Lo/Reuters

Xi Jinping, China’s leader, in Beijing last month. The Communist Party will hold its next congress in 2027, at which Mr. Xi is expected to claim a fourth five-year term as party leader.

Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?

29 October 2026 at 11:45
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.

Β© Jeenah Moon/Reuters

Tarek Mansour, the C.E.O. of Kalshi, said there had β€œbeen discussions” about a public offering for the company.

Russian Strike on Ukrainian Train Station Kills 13

29 October 2026 at 12:06
A deadly strike was a grim reminder that despite a rare local cease-fire around the Russian-occupied town of Oleshky, other communities remained under fire.

Β© Agence France-Presse, via Ukrainian Emergency Service

A photo released by the Ukrainian Emergency Service after an air attack on a railway station in Dnipro, Ukraine, on Thursday.

DoorDash is acquiring Instacart for around $17 billion

29 October 2026 at 11:56
A DoorDash bag in the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026.
Speculation around a deal started circulating last week. | Photographer: Michael Nagle/Bloomberg via Getty Images

DoorDash has announced that it's buying Instacart in a deal valued at approximately $17 billion. The acquisition will give DoorDash a bigger presence in online grocery delivery via Instacart's established grocery marketplace and retailer partnerships.

DoorDash, which started as a restaurant courier service, already has its own grocery delivery business, but that faces ongoing competition from Instacart, Uber, Walmart, and Amazon. DoorDash is also incentivized to diversify further because its rivals have been stepping into the food delivery territory it's best known for, with Uber acquiring Postmates and Delivery Hero.

Rumors around the dea …

Read the full story at The Verge.

DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants

The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform.

Β© Amir Hamja/The New York Times

In its most recent quarter, DoorDash said it completed 970 million orders.
❌
❌