Adidas CEO Bjorn Gulden stated US retailers are ordering less product upfront. This caution stems from uncertainty over President Donald Trump s tariffs and their impact on shoppers. Widespread discounting is also evident. Adidas North American sales dipped 5% in the third quarter. The company is mitigating tariff impacts with price hikes and supply chain changes.

The US Federal Reserve has lowered interest rates for the second time this year. This move aims to boost economic growth as the job market shows signs of slowing. Policymakers are closely watching inflation and job creation data. The decision comes amid political gridlock and patchy economic reports.

United States Treasury yields climbed on Wednesday. The Federal Reserve reduced interest rates by a quarter percentage point. It also announced it will restart limited purchases of Treasury securities. This action follows signs of scarce liquidity in money markets. The benchmark 10-year Treasury yield saw an increase. The two-year yield also rose following the Fed s decision.

Quess Corp reported a 3% year-on-year revenue increase to ₹3,832 crore in Q2FY26, with EBITDA reaching a record ₹77 crore, up 11%. Growth was primarily driven by the General Staffing segment, which added 21,000 employees, and strong performance in Professional Staffing, particularly in the GCC segment.

Groww, a leading stockbroker, is reportedly planning to launch its Rs 6,800 crore IPO in early November, with a potential price range of Rs 95-100 per share. The offering includes a fresh issue and an offer for sale by investors and founders.

HeidelbergCement India on Wednesday reported a two-fold rise in net profit to Rs 24.93 crore for the September quarter of FY26, helped by higher sales volume and improvement in prices.

Aditya Birla Capital witnessed an ₹819 crore block deal as Advent International’s Jomei Investments sold 2.66 crore shares. Global and domestic institutions, including Goldman Sachs, Morgan Stanley, HDFC Life, and Norges Bank, emerged as key buyers, signalling strong investor confidence.

Stock markets hit record highs Wednesday thanks to optimism over US trade deals, the AI sector and an expected interest-rate cut by the US Federal Reserve.

PB Fintech, parent of Policybazaar and Paisabazaar, reported a 165% YoY surge in Q2 FY26 profit to Rs 135 crore, driven by 40% premium growth, better operational efficiency, and improved margins. Renewal revenues and new business lines also strengthened performance.

US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to USD 5,415 million for the quarter ended September 2025.