Reported 12 days ago
Source: WSJ
Reported 12 days ago
Source: WSJ
Reported 12 days ago
EssilorLuxottica, the maker of Ray-Ban, saw its shares rise 14% to an all-time high after reporting a stronger-than-expected third-quarter sales growth of 11.7%, reaching €6.9 billion. This surge in market value, adding almost $20 billion, is largely attributed to the growing demand for its AI-powered Ray-Ban Meta glasses, which have become a key focus for investors and analysts. With forecasts predicting significant future sales in the smart glasses segment, the company plans to accelerate production to meet demand.
Source: YAHOO
Reported 12 days ago
Source: WSJ
Reported 12 days ago
The dollar index concluded its worst week in over two months due to expectations of Federal Reserve interest rate cuts and escalating credit risks in the US banking sector. This decline, marking a 0.5% drop since Monday, comes as Fed officials indicated potential easing measures. Additionally, easing political tensions in Japan and France, along with ongoing US-China trade tensions, have contributed to the dollar's volatility, as investors remain cautious amid uncertain market conditions.
Source: YAHOO
Reported 12 days ago
Meta is implementing parental controls that allow parents to manage their children's interactions with AI chatbots, including the option to disable private chats with AI characters entirely.
Source: YAHOO
Reported 12 days ago
The Associated Press reports that Meta has introduced parental controls for interactions between teens and AI, highlighting ongoing concerns about child safety in the digital space.
Source: YAHOO
Reported 12 days ago
After a volatile week where Wall Street ended positively, Asian shares fell amid ongoing worries about bank lending and U.S.-China trade tensions. Despite some stabilization in U.S. bank stocks following better-than-expected earnings, concern remains over the impact of rising interest rates and potential loan defaults. Market analysts warn that while these issues may seem isolated, they could indicate larger problems within the banking sector.
Source: YAHOO
Reported 12 days ago
A rally in US Treasuries slowed as stability returned to bank shares and comments from President Trump alleviated trade uncertainties. Benchmark yields recovered after initially dropping below 4% as investors anticipated further interest rate cuts from the Federal Reserve due to a shaky job market amid a government shutdown. While economists noted a decline in unemployment claims, expectations for upcoming Fed meetings are now heightened, and bets on interest rate reductions have increased significantly.
Source: YAHOO
Reported 12 days ago
Shares of Novo Nordisk and Eli Lilly fell sharply after former President Trump suggested that the price of Ozempic, a popular diabetes and weight-loss drug, might reduce to $150 per month, down from its current list price of around $1,000. This potential price cut, which Trump announced during a press conference, raised concerns about the companies' market position amidst ongoing negotiations for drug pricing. Analysts note that most patients already pay significantly less than the published list prices due to insurance rebates, indicating that Trump's claims may not radically alter the dynamics for Novo and Lilly.
Source: YAHOO
Reported 12 days ago
Source: BARRONS
Reported 12 days ago
European and Asian banking stocks fell on Friday following a decline in U.S. regional banks due to worries about credit quality and rising risks. Key players like Deutsche Bank and Barclays saw significant drops, as concerns were reignited by recent U.S. auto bankruptcies highlighting lax lending practices. Analysts believe these issues won't lead to systemic risks but may affect investor sentiment.
Source: YAHOO
Reported 12 days ago
Oil prices declined on Friday, heading for a weekly loss as uncertainty over global energy supplies increased with the announcement of a summit between U.S. President Donald Trump and Russian President Vladimir Putin to discuss the war in Ukraine. Brent crude futures fell to $60.68 a barrel, while U.S. West Texas Intermediate dropped to $57.07, both down over 3% this week amid concerns over a growing supply glut in 2026 and rising U.S. crude inventories.
Source: YAHOO
Reported 12 days ago
Source: WSJ
Reported 12 days ago
Micron Technology plans to halt its server chip sales to Chinese data centers following a government ban on its products within critical infrastructure. This decision comes after the company struggled to recover from the impacts of the ban, which has allowed competitors like Samsung and local firms to benefit from China's data center expansion boom. Despite this setback, Micron will continue to provide chips to certain Chinese customers operating outside the country and aims to seek new opportunities in other global markets.
Source: YAHOO
Reported 12 days ago
Spain's Cellnex has announced the sale of its 99.99% stake in Towerlink France to Vauban Infra Fibre for €391 million ($458 million). The transaction, part of Cellnex's strategy to shift focus from acquisitions to strengthening its finances, will be conducted in cash upon closing. This follows similar sales earlier this year of its businesses in Austria and Ireland.
Source: YAHOO
Reported 12 days ago
Retiring at 60 with $1.4 million in IRAs and a $750,000 paid-off home seems possible, but challenges like delayed Social Security, Medicare coverage, and reliance on portfolio income must be carefully considered. Couples need to evaluate their spending against retirement income, including potential home equity use. A financial advisor can provide guidance on creating a sustainable retirement strategy.
Source: YAHOO
Reported 12 days ago
Source: WSJ
Reported 12 days ago
Mondelez International, a snack and beverage giant, is scheduled to report its third-quarter earnings on October 28. Analysts anticipate an adjusted profit of $0.73 per share, a significant decline from $0.99 in the same quarter last year. The company has experienced mixed earnings surprises recently, with one miss among the last four quarters. Despite achieving notable revenue growth in certain regions, the overall outlook for the company remains cautious, particularly due to rising raw material costs impacting profits.
Source: YAHOO
Reported 12 days ago
IDEX Corporation is set to announce its Q3 earnings on October 29, with analysts predicting an adjusted profit of $1.93 per share, a slight increase from last year's figure. The company's stock has faced challenges, dropping over 21% in the past year, despite beating earnings expectations in previous quarters. Consequently, IDEX has received a 'Moderate Buy' rating from analysts, who anticipate future earnings growth, though cautious sentiment remains due to prior stock downturns following earnings reports.
Source: YAHOO
Reported 12 days ago
Masco Corporation, a major player in home improvement products, is expected to announce its third-quarter earnings on October 29, 2025, with analysts predicting an adjusted profit of $1.02 per share, down from $1.08 a year prior. Despite a recent stock price decline of 20.5%, the company has managed to meet or exceed earnings estimates in three of the last four quarters. For the full fiscal year 2025, adjusted EPS is anticipated to be $4.02, a slight decrease from the previous year, but an increase to $4.36 is expected in fiscal 2026.
Source: YAHOO
Reported 12 days ago
Oil prices are set to decline this week as President Trump announces a forthcoming meeting with Vladimir Putin to discuss ending the Ukraine war, raising hopes for a rebound in Russian oil exports. The International Energy Agency warns of an impending supply glut, projecting a daily surplus of 2.4 million barrels by 2026. Current oil prices for Brent and West Texas Intermediate have dipped around 3%, amid reduced demand forecasts and increasing inventory levels.
Source: YAHOO
Reported 12 days ago
Republic Services, Inc., a leading waste management company in the U.S. and Canada, is set to release its third-quarter earnings on October 30, 2025. Analysts anticipate an adjusted profit of $1.76 per share, a slight decline from last year. Despite this, the company has a strong history of exceeding earnings expectations, and projections suggest growth in its full fiscal 2025 earnings to $6.84 per share. With a consensus 'Moderate Buy' rating, analysts see a potential 20.1% upside for the stock from its current levels.
Source: YAHOO
Reported 12 days ago
Amid fluctuating U.S. tariffs, many Chinese exporters have turned their attention to markets in Europe, Latin America, and beyond, with some feeling compelled to abandon the U.S. altogether. This shift comes as exports from China have grown by 7.1% this year, despite a significant decline in sales to the U.S. Exporters like Jacky Ren are increasingly frustrated, reporting revenue declines and heightened competition in new markets as they adapt to uncertain trade conditions.
Source: YAHOO