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U.S. banks tightened lending standards for small firms in the third quarter while large-firm standards held steady, the Fed's October survey shows.…
ADP and PNC announced PNC Payroll by ADP on Oct. 28, 2026, placing AI-enabled payroll and HR tools inside PNC digital banking for small businesses.
Amazon missed third-quarter earnings and revenue as AI capital spending drove a $42.4 billion trailing free-cash-flow outflow. AWS still grew 39%, but investors sold the stock.
Real GDP grew at a 3.4% annualized rate in the third quarter of 2026, lifted by consumer spending and AI-related investment, while September inflation stayed well above the Fed's 2% target.
The Federal Reserve is widely expected to hold its benchmark at 3.75% to 4% today. The pause would not undo September's hike, but it would stop new pressure on borrowing costs ahead of a possible December increase.
The Conference Board said consumer confidence rose 7.5 points to 91.7 in October as gasoline prices eased, but households still plan to spend less on services and durable goods.
