news corp said quarterly profit rose nearly sixfold driven by strong growth at its digital realestate and bookpublishing businesses as well as at wall street journal parent dow jones  co the new yorkbased media company whose holdings include the journal harpercollins publishers and news organizations in the uk and australia reported a profit of 196 million or 33 cents a share for the quarter ended sept 30 compared with a profit of 34 million or 6 cents a share a year earlier slimming down in three months is quite an accomplishment in fitness unless youre peloton that is the connected fitness pioneer used its disappointing quarterly report late thursday to slash its forecast for the full fiscal year ending next june peloton now sees fullyear revenue coming in between 44 billion and 48 billion1 billion less at the low end than what the company projected just three months ago the new projection suggests peloton sees uncertain demand extending beyond the crucial holiday selling season its december quarter forecast was only about 340 million shy of wall streets forecasts peloton shares promptly slid 28 following the report us job growth is estimated to have rebounded in october us job growth likely rebounded last month but not enough to return to the higher pace from earlier this year with a shortage of workers and other effects from the pandemic weighing on the economy employers are estimated to have added 450000 jobs in october which would be the strongest gain in three months but still below the 2021 average according to economists surveyed by the wall street journal the jobless rate is expected to have fallen to 47 last month from 48 a month earlier the labor department releases its monthly jobs report at 830 am et friday federal reserve chairman jerome powell was seen visiting the white house on thursday according to people familiar with the matter mr powells term leading the central bank is set to expire next february president biden told reporters on tuesday that he would announce decisions fairly quickly on whether he was offering mr powell another term or tapping someone else to succeed him derbys take powell says fed will resolve balance sheet size later as the federal reserve embarks on slowing the pace of its asset buying it has yet to address what will happen with its massive holdings of bonds and cash once that process is complete on wednesday the us central bank announced an imminent slowing of its 80 billion a month in treasurys bond purchases and 40 billion a month in mortgage bond buys with an eye toward ending those transactions completely by the middle of next year washingtonthe biden administrations deal to ease off steel and aluminum tariffs from europe has won plaudits from much of us industry but a complex new quota system that comes with it has fueled concerns for small importers the deal announced during the group of 20 summit last weekend allows the european union to export steel and aluminum duty free until reaching a quota of 33 million metric tons of steel and 384000 metric tons of aluminum a year the united nations conference on climate change in glasgow has been full of promises by companies to reduce their carbon emissions how many will live up to them and how will anyone know if they are complying a sampling of new commitments includes united airlines holdings inc which says it will replace 5 of its jet fuel with biofuel alternatives by 2030 and more than 450 banks and other financial firms who say they are shifting their businesses toward clean energy dozens of other businesses talked up their climate plans sydneyshortages of goods and materials stemming from congested global supply chains could result in higherthananticipated inflation australias central bank has said the reserve bank of australia on friday confirmed its updated forecast for an annual underlying inflation rate of 225 at the end of 2022 and of 25 a year later yet it cautioned that the impact of supply constraints amid port congestion and shipping shortages was hard to predict with potential risks in both directions german industrial production fell again in september on supplychain strains german industrial production fell in september for the second consecutive month as supplychain bottlenecks weighed on factory output total industrial output comprising production in manufacturing energy and construction decreased 11 in september on month in calendaradjusted terms statistics office destatis said friday biden vaccine mandate poses new test for agency enforcing it the enforcement of president bidens privatesector vaccine mandate will in large measure come down to the employees themselves as the government agency whose mission is to improve workplace safety works to play a bigger role in defeating the pandemic the labor departments occupational safety and health administration or osha is enforcing the mandate which requires workers at larger privatesector companies to be vaccinated against covid19 or tested weekly the requirements detailed thursday and set to take effect jan 4 will cover more than 80 million workers washingtonpresident biden is perfectly comfortable with his administration paying immigrant families to resolve lawsuits alleging they suffered trauma from being separated after illegally crossing the mexico border a white house spokeswoman said thursday in a bid to clarify mr bidens comment a day earlier that such payouts werent going to happen if it saves taxpayer dollars and puts the disastrous history of the previous administrations use of zero tolerance and family separation behind us the president is perfectly comfortable with the department of justice settling with the individuals and families who are currently in litigation with the us government spokeswoman karine jeanpierre said justice department sues texas over its new voting law the justice department sued texas over aspects of its new voting law the latest biden administration challenge to republicanbacked changes to state voting procedures the departments lawsuit says the state legislation passed in september and known as sb 1 violates federal votingrights law by limiting how helpers can assist certain voters such as people with disabilities and by requiring rejection of mail ballots for what it called immaterial errors or omissions china india and other developing nations seek 13 trillion a year in climate finance glasgowmost of the worlds developing countries have backed a demand for wealthy nations to channel at least 13 trillion in climate finance to them annually starting in 2030 the opening salvo in one of the most contentious negotiating topics at the cop26 climate summit african nations and a group called the likeminded developing countries which includes china india and indonesia said in a document they submitted to the united nations at the summit that half the money should go toward funding renewable energy in the developing world and half toward protecting these countries from the effects of global warming developed nations have long pledged to help pay for developing nations to respond to climate change that promise was crucial to sealing the paris accord in 2015 when the us europe and other wealthy countries agreed to provide 100 billion a year from 2020 through 2025 glasgowdozens of countries agreed to stop funding new coalfired power plants a deal that brings some previous holdouts like poland and vietnam aboard a growing coalition of countries vowing to wean their economies off the fossil fuel separately a group including the us the uk and canada pledged to end public funding of overseas oil and gas developments proponents called the two deals struck at the cop26 united nations climate summit significant moves in building a consensus among governments toward ending new fossil fuel investments critics said the limited number of countries signing onto both deals could blunt their effectiveness on a global scale why financing the multitrilliondollar transition to net zero isnt that hard the world needs 4 trillion a year to transition to a carbonfree economy sound like a lot its not every year the global financial system channels trillions of dollars from people who have capital to people who need it without breaking a sweat doing the same to achieve net zero carbon emissions by 2050 is well within its means it just needs something to invest in nuclear advocates say more reactors will aid renewables the head of the united nations atomic energy watchdog touted nuclear powers virtues as a complement to wind and solarenergy sources that are getting more airtime at the un climate summit in glasgow rafael mariano grossi director general of the international atomic energy agency said the recent energy price spike in europe the result of short gas supplies and low wind energy output bolsters the case for nuclear the volatility of prices is quite a recurring phenomenon when it comes to fossil fuels which is not the case for nuclear he said at a cop26 event on thursday