Comma News
US Q3 GDP grows 3.4%, up from 2.2% in Q2
Investment led the gain, while September PCE inflation rose to 3.6% year over year, with core at 3.1%.
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Business
Amazon Q3 sales up 12% to $201.9B; AWS up 39%
Operating income hit $28.1B, a record 13.9% margin, but EPS of $1.89 missed the $1.96 LSEG estimate.
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US
Judge bars immigration agents in Southern California from stops based on appearing Latino and working class
U.S. District Judge Maame Ewusi-Mensah Frimpong issued a preliminary injunction requiring immigration agents in the Central District of California to have individualized reasonable suspicion before stopping people, ruling they may not rely solely on someone appearing to be Latino and low-income or working class.
Judge blocks Medicaid rule narrowing who counts as 'medically frail' under new work requirements
U.S. District Judge Richard Stearns in Boston ruled Thursday that the Centers for Medicare and Medicaid Services unlawfully narrowed the "medically frail" exemption from Medicaid's new work requirements, siding in part with 25 states and the District of Columbia.
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Politics
Judge rejects Justice Department bid to have California set aside about 20,000 ballots; DOJ appeals
U.S. District Judge David O. Carter on Wednesday denied the Justice Department's emergency request to make California segregate the ballots of roughly 20,000 people the administration says are likely noncitizens, writing that it would "wreak havoc" on an election already underway.
Alaska governor orders state inquiry into recruitment of a second 'Dan Sullivan' Senate candidate
Alaska Gov. Mike Dunleavy said Thursday he has directed the state Department of Public Safety to investigate whether an effort to recruit a Senate candidate sharing incumbent Republican Sen. Dan Sullivan's name broke state law, after a New York Times report tied the effort to Democrat Mary Peltola's campaign.
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Entertainment
Universal Music Group's third-quarter revenue rises 12.3% as subscription growth speeds up
Universal Music Group said Thursday its third-quarter revenue rose 12.3% from a year earlier to €3.394 billion, helped by its acquisition of Downtown Music and faster growth in subscription streaming.
People Inc. lays off 195 employees, about 6% of staff, mostly in print and legacy web
People Inc., the publisher of People, Entertainment Weekly and other brands, is laying off 195 employees, about 6% of its workforce, CEO Neil Vogel said in a staff memo Thursday, according to Variety, Adweek and TheWrap.
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Health
Lilly's retatrutide beats Ozempic on blood sugar and weight loss in head-to-head Phase 3 trial
Eli Lilly said its experimental drug retatrutide lowered A1C by an average of 2.2% at 80 weeks in adults with type 2 diabetes, compared with 1.8% for Novo Nordisk's Ozempic 2 mg, in the TRANSCEND-T2D-2 trial.
African health ministers hold emergency Ebola meeting as confirmed cases pass 10,000 in four countries
Africa CDC and the World Health Organization convened African health ministers on Wednesday as the Bundibugyo Ebola outbreak reached 10,172 confirmed cases and more than 4,932 deaths, according to Xinhua and Kenya News Agency.
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Travel
Frontier's average fare jumps 71% as the budget airline posts record revenue but a quarterly loss
Frontier Airlines said third-quarter revenue rose 53% to a record $1.4B, while fare revenue per passenger climbed to $67.82 from $39.74 a year earlier, according to the company and CNBC.
Alaska Airlines plans daily Anchorage-Tokyo Narita nonstop flights from May 2027
Alaska Airlines said it plans to fly daily between Anchorage and Tokyo Narita from May 13 to September 7, 2027, subject to government approval, according to the airline and Aviation Week.
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Asia
Hong Kong leader apologises over Wang Fuk Court fire as inquiry finds four government bodies partly responsible
Hong Kong Chief Executive John Lee apologised on Thursday for the November 2025 fire at Wang Fuk Court in Tai Po that killed 168 people, as a judge-led inquiry report found four government bodies partly responsible and Housing Secretary Winnie Ho resigned, according to Reuters and AFP.
North Korea fires about a dozen short-range ballistic missiles toward the East Sea
North Korea fired about a dozen short-range ballistic missiles from the Wonsan area toward the East Sea on Thursday, South Korea's Joint Chiefs of Staff said, and Seoul's presidential office urged Pyongyang to stop what it called provocations, according to Yonhap and The Korea Herald.
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World
Spain train crash death toll reaches 68 as minister blames 'inexplicable' control-centre order
At least 68 people were killed when a high-speed Renfe train struck a stationary Iryo train near Urda in central Spain on Wednesday, and Transport Minister Óscar Puente said a control-centre decision to let the train resume at normal speed is at the centre of the investigation, according to the BBC, The Guardian and Euronews.
Moscow mayor says 613 drones flew toward the Russian capital overnight
Moscow Mayor Sergei Sobyanin said 613 drones flew toward the Moscow region between Wednesday evening and Thursday morning, with 231 destroyed on approach to the city and most of the rest neutralized farther out, according to Reuters, via Al Jazeera, and Meduza.
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AI & Tech
Microsoft puts Azure revenue at $33.2B
In its first dollar disclosure, Microsoft said Azure grew 48% from a year earlier in the July-September quarter, about 36% of total revenue of $92.3B.
Google releases Gemini 4 Carbon
Google says the model improves coding, agentic tasks and cybersecurity.
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Money
Fed holds rates at 3.75% to 4% in a 10-2 vote, with two officials favoring a hike
The Federal Reserve kept its benchmark federal funds rate in a range of 3.75% to 4% on Wednesday, with two of 12 voters dissenting in favor of a 0.25 percentage point increase.
Mortgage applications rise 3.4% as 30-year rate dips to 7.37%
U.S. mortgage applications rose 3.4% in the week ending Oct. 23 as the average 30-year fixed rate fell to 7.37% from 7.41%, its lowest in three weeks, the Mortgage Bankers Association said Wednesday.
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