Reported 10 days ago
Source: YAHOO
Reported 10 days ago
China's recent sanctions on U.S.-linked units of shipbuilder Hanwha Ocean pose significant risks to the shipbuilding collaboration between South Korea and the United States by potentially disrupting the supply of essential Chinese equipment. As both nations engage in a trade dispute, South Korean officials express concern that these sanctions could result in considerable financial losses and impact broader economic security, especially for Philly Shipyard, which may face up to $60 million in costs over the next two years.
Source: YAHOO
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
President Trump confirmed the ongoing trade war with China, highlighting escalating tariffs and potential restrictions on rare earth minerals. As Trump and Chinese President Xi prepare for a crucial meeting in South Korea, the rising tensions could lead to significant economic impacts, including slowed growth and increased inflation if a compromise isn't reached. Stocks reacted negatively to these developments, reflecting market caution ahead of the meeting.
Source: YAHOO
Reported 10 days ago
Oracle's stock declined nearly 7% as investors reacted to its ambitious financial targets, particularly in its AI infrastructure business, which aims for a gross profit margin of 30%-40% by 2030. Analysts raised concerns over Oracle's lack of capital expenditure guidance and the potential deceleration in revenue growth. Despite the drop, Oracle's shares have increased nearly 75% this year, bolstered by its competitiveness in the AI cloud market.
Source: YAHOO
Reported 10 days ago
Oil prices continued to decline for the third week in a row, with West Texas Intermediate at $57.54 and Brent futures at $61.29 per barrel, marking their lowest levels since May. Rising worries over oversupply, exacerbated by increasing US crude stockpiles and geopolitical tensions, have led to this downturn, with experts predicting prices could fall further in 2026.
Source: YAHOO
Reported 10 days ago
Stocks increased on Friday, with the S&P 500, Dow, and Nasdaq all closing higher, as banking fears eased following positive Q3 earnings reports from regional banks. Additionally, the markets reacted to easing China-US trade tensions after President Trump hinted at a potential meeting with President Xi. While the ongoing US government shutdown continues to weigh on sentiment, optimism around corporate earnings reports kept investor appetite afloat.
Source: YAHOO
Reported 10 days ago
Newsmax Inc (NYSE:NMAX) shares surged following the company's announcement of a strategic plan to invest up to $5 million in Bitcoin and Trump Coin. CEO Christopher Ruddy highlighted Bitcoin's growing importance in the cryptocurrency market and expressed excitement over incorporating Trump Coin into their reserves, which is expected to reflect the success associated with the Trump presidency. Newsmax aims to become the first company listed on the New York Stock Exchange to include Trump Coin in its portfolio.
Source: YAHOO
Reported 10 days ago
Despite a tumultuous period for the auto industry, Ally Financial reported impressive third-quarter earnings, with earnings per share at $1.18, exceeding analyst predictions of 96 cents. The company's net income reached $371 million, significantly higher than expected. Ally's financial health remains robust, showcasing strong retail loan performance and a decline in delinquency rates, even as other automotive firms face bankruptcy and increasing loan defaults. Expert insights suggest a solid momentum moving forward, with record auto loan applications highlighting ongoing demand.
Source: YAHOO
Reported 10 days ago
Jefferies CEO Rich Handler stated that the bank was defrauded by First Brands Group, a bankrupt auto parts maker, during an investor day event. His comments follow ongoing fraud allegations against several financial firms and a U.S. Department of Justice investigation into First Brands. Despite this setback, Handler emphasized that the overall market conditions remain favorable, although the fallout from First Brands has affected Jefferies' stock and raised credit concerns across the market.
Source: YAHOO
Reported 10 days ago
On October 17, 2025, American Express shares surged to an all-time high, driven by strong quarterly earnings and high-end card updates amid robust spending from affluent customers. Conversely, Oracle's stock fell nearly 7% due to concerns over its capital expenditures, and Newmont, the world's largest gold producer, saw a 7.6% decline as gold prices retreated. Despite these losses, major U.S. stock indices, including the S&P 500, closed higher for the week.
Source: YAHOO
Reported 10 days ago
The recent panic surrounding bank stocks due to bad loans appears exaggerated, as regional banks rebounded following news of isolated fraudulent loans involving Zions Bancorp. Analysts from Jefferies stated that the stock sell-off was overhyped and found most banks confident about their lending practices, despite recent bankruptcies raising alarms about systemic risks. CEO Jamie Dimon of JPMorgan, however, hinted at potential future turmoil in the sector. Overall, the concerns are seen as idiosyncratic rather than indicative of broader issues in the banking system.
Source: YAHOO
Reported 10 days ago
On October 17, 2025, major US stock indexes finished strong, with the S&P 500, Dow Jones Industrial Average, and Nasdaq all rising by 0.5%. Despite facing a tumultuous week filled with concerns over small to midsized banks and US-China trade tensions, stocks stabilized after President Trump's comments about unsustainable tariffs on China. For the week, the S&P 500 gained 1.7%, marking its best performance since August.
Source: YAHOO
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
Oracle's stock dropped significantly, declining by 6.9% after an Investor Day where the company provided positive long-term projections, including a revenue target of $225 billion by 2030. Despite these ambitious goals, investors expressed concerns over the risks associated with their reliance on a major contract with OpenAI and disappointing gross margins compared to competitors, leading to a sell-off in shares.
Source: YAHOO
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
Source: WSJ
Reported 10 days ago
Source: BARRONS
Reported 10 days ago
Source: INVESTORS
Reported 10 days ago
Recent analyses reveal that tariffs imposed by former President Trump are significantly increasing consumer prices in the U.S., with consumers likely to pay $592 billion for these import taxes by the end of 2025. As companies pass on the rising costs from tariffs, inflation is set to remain high, with projections suggesting that consumers could bear up to 70% of these charges next year. Economists confirm that tariffs are a primary driver behind the current inflation trend, affecting both the economy and personal finances.
Source: YAHOO
Reported 10 days ago
Source: WSJ
Reported 10 days ago
Source: BARRONS