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Crushing the Competition? Goldman Sachs Q3 Profit Surges 37%, Blowing Past Estimates in Stellar Earnings Beat
TradingKey - Wall Street banking giant Goldman Sachs Group (GS) reported its third-quarter earnings on Tuesday, with profits and revenues significantly exceeding market expectations due to a notable rebound in investment banking and trading activities, putting the firm on track for its best annual..
TradingKey
Wed, Oct 15
Foxconn sees limited impact from China rare earths curbs for now
TAIPEI, Oct 15 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, sees little impact for now from China's newly announced rare earths curbs, Chairman Young Liu said on Wednesday."If the ongoing restrictions continue to escalate tensions, it will imp...Reuters
Wed, Oct 15
Yuan firms on strong PBOC fixing despite US-Sino tensions
HONG KONG, Oct 15 (Reuters) - The yuan firmed against the U.S. dollar on Wednesday as Beijing signaled its commitment to currency stability despite mounting domestic economic pressures and simmering U.S.-China trade tensions.
Reuters
Wed, Oct 15
GBP/USD rises to near 1.3350 due to rising Fed rate cut bets
GBP/USD recovers its losses registered in the previous two successive sessions, trading around 1.3350 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines on the increased likelihood of further rate cuts by the Federal Reserve (Fed) in 2025.
Fxstreet
Wed, Oct 15
Shares rebound, dollar eases as Fed cut bets reclaim spotlight
Global stocks clawed back losses on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.Reuters
Wed, Oct 15
China's sanctions against US-linked Hanwha units seen as warning gesture, analysts say
China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean 042660.KS are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.Reuters
Wed, Oct 15
China takes steps against US-linked units of S.Korea shipbuilder Hanwha
By Liz Lee, Yukun Zhang and Heejin Kim BEIJING/SEOUL, Oct 14 (Reuters) - China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean 042660.KS amid trade tension between the world's two largest economies, sending the company's shares...Reuters
Wed, Oct 15
China’s September Core CPI Hits 1% for First Time in 19 Months, PPI Deflation Eases
TradingKey - Although China’s September CPI and PPI remained in negative year-on-year territory, the latest inflation data shows encouraging signs that efforts to combat deflation are gaining traction. Core CPI rose 1.0% YoY — the first time in 19 months it has reached the 1% threshold — while theTradingKey
Wed, Oct 15
“Chat to Buy” Goes Live: Walmart x OpenAI Brings ChatGPT Shopping Experiences, Sending Stock to Record High
TradingKey - Just two weeks after launching instant checkout and partnering with Etsy and Shopify, OpenAI has landed a major new ally in the race to redefine e-commerce: Walmart. The integration of ChatGPT’s AI capabilities with Walmart’s massive user base and product ecosystem is turning AI-powered
TradingKey
Wed, Oct 15
Asia shares recover, dollar eases as Fed cut bets reclaim spotlight
SINGAPORE, Oct 15 (Reuters) - Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.Reuters
Wed, Oct 15
Top South Korea officials to visit US for tariff talks amid hope for progress
SEOUL, Oct 15 (Reuters) - South Korea's industry minister and the chief presidential secretary for policy will travel to the United States on Thursday for follow-up talks on lowering tariffs applied to the Asian country's goods, the government said on Wednesday. South Korea's finance min...Reuters
Wed, Oct 15
