National Business Daily

FOMC holds rates steady! Former Philadelphia Federal Reserve President Patrick Harker stated that the Fed may hike rates by 25 bps in Dec before holding through 2027. Vice Chairs' remarks replace Chair "forward guidance" as key indicator. nbdn.short.gy/Um07aR @federalreserve

Within just two days of opening, exhibitors at the 140th @cantonfair experienced an unexpected surge in demand, leaving floor samples sold out and factories facing urgent replenishment pressures. How Chinese innovation is winning over global buyers? nbdn.short.gy/545Vft

iPhone Duo tits the market with huge hype! Long queues was seen at retail stores, and scalpers buy at a 2,000-yuan markup and resell with a 3,000-yuan profit. @Apple #iphoneduo

Hermes’Q3 sales growth rate slows to six-year low. CFO said that the Chinese market, Hermes' single-largest, was "very difficult", but added he remained confident about long-term prospects and would keep investing in the country. @Hermes_Paris

Athanasios Vamvakidis (@IMFNews ) said to NBD that there's no obvious "AI bubble" in U.S., South Korean, or Chinese markets, as demand for computing power is real, but expectations might be running ahead of realized earnings in parts of the market. nbdn.short.gy/C9R7Cb

#UNIQLO has announced that it will raise prices on select products in Japan by an average of approximately 4% starting November 10. In response, Uniqlo China confirmed on October 20 that there are currently no plans for price adjustments in the Chinese market. @UNIQLO_JP

.@Starbucks China will enforce a nationwide "purchase-to-sit" policy starting Oct. 22, 2026. Under the new policy, customers must buy an item to use café seating, though exceptions will be made for pregnant women, delivery workers, and people seeking brief shelter from the rain.

Tesla’s #Roadster flying specs prove lightweighting is everything. As extreme speeds demand carbon-ceramic brakes, Chinese suppliers are slashing production costs by 80%—turning a supercar luxury into standard gear for the flying EVs. nbdn.short.gy/fGrAoJ @Tesla

Global bond yields are surging, and total government debt in developed markets is projected to top $75T. NBD spoke with @FitchRatings economists to explore what’s driving up borrowing costs, and which economies are most vulnerable. bit.ly/3U3juZM

The three-day 7th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) concluded in Jakarta with 6 major deliverables, the Joint Statement of the 7th BRITACOF and the BRITACOM Tax Administration Product Portfolio 2.0. bit.ly/4zDg3Ij @ChinaEmbinRI

The flying Tesla Roadster is finally here: top speed of 402 km/h, 9 years of delays, and a $50,000 deposit—is it really worth it? @Tesla #Roadster

What makes a city truly livable? On Oct. 14, National Business Daily journalist accompanied international guests from Indonesia, Qatar and a United Nations-affiliated office on a tour of #Chengdu, exploring cutting-edge drone technology and a zero-carbon manufacturing facility.

.@tim_cook also stated that the upcoming iPhone Duo foldable smartphone, scheduled to launch on October 23, will be manufactured entirely in Chinese factories.

.@Apple Executive Chairman Tim Cook revealed on Oct 15 that Apple Intelligence has been officially approved in China. A beta version is scheduled for release later this month. Notably, AI-powered #Siri features are not included in this initial rollout. nbdn.short.gy/X9Hsau

On Oct. 13, @elonmusk said, “When China figures out how to manufacture a product, their ability to scale is often greater than the rest of the world combined.” These remarks were made in response to a discussion about #CXMT.

Former @Apple CEO and current Executive Chairman @tim_cook visited @iQIYI headquarters on Oct 14, met by CEO Gong Yu. After stepping down as CEO on Sept 1, Cook kicked off his China trip on Oct 10. nbdn.short.gy/atgVMo

.@deepseek_ai website and app have experienced service disruptions since around 8:00 AM Beijing time on October 15. Both chat services and the DeepSeek V4.1 Flash API faced partial outages, leading to degraded performance across the web interface and API. nbdn.short.gy/gG7APl

CEO He Xiaopeng said that XPENG is opening global tech partnerships across vehicle platforms, modular tech, and toolchains. XPENG is in deep talks with top European mobility platforms for Robotaxi collaboration, with updates expected soon. nbdn.short.gy/dCkaCH @XPENG_Global

#HYROX stated that the Shanghai race (originally set for Oct 31–Nov 1, 2026) is postponed due to unexpected venue scheduling issues. All race and spectator entries will roll over to the new dates, or full refunds can be requested if one cannot attend. nbdn.short.gy/Qb2hjF

On Oct 13, @LVMH reported Q3 2026 results, showing a 15% drop in Chinese consumer demand. This pulled core Fashion & Leather Goods organic revenue down 5%, with early Q3 performance impacted by a trademark dispute with Chinese milk tea brand Molly Tea. nbdn.short.gy/gxxShd