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Oil drops as investors weigh a supply surplus outlook and US-China trade tensions
Oct 15 (Reuters) - Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand.
Reuters
Wed, Oct 15
Famous Economist Warns That The Bitcoin Price Recovery Is A Dead Cat Bounce, What This Means
The biggest crypto market crash of the year sent shockwaves through the industry over the weekend, wiping out more than $19 billion in liquidations and pushing Bitcoin as low as $101,000.
Bitcoinist
Wed, Oct 15
America Movil posts threefold profit jump as costs shrink in Q3
MEXICO CITY, Oct 14 (Reuters) - Mexican telecoms giant America Movil AMXB.MX on Tuesday reported a more than threefold jump in third-quarter profit, in line with analysts' expectations, helped by a sharp drop in financing costs and increased mobile revenues.Reuters
Wed, Oct 15
Argentine stocks tumble after Trump conditions Argentina help, bonds fall
NEW YORK, Oct 14 (Reuters) - Argentine stocks turned sharply lower and bonds ended in the red on Tuesday after U.S. President Donald Trump said his support for the South American nation hinges on President Javier Milei's party doing well in midterm elections later this month.Reuters
Wed, Oct 15
Global EV sales hit record 2.1 million in September, research firm says
Oct 15 (Reuters) - Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late U.S. tax-credit rush, market research firm Rho Motion said on Wednesday.Reuters
Wed, Oct 15
Trump administration says 4,108 workers have been fired since shutdown began
Oct 14 (Reuters) - The number of U.S. federal worker layoffs as a result of the government shutdown was revised downward on Tuesday, suggesting the Trump administration's initial statement about sweeping job cuts was too ambitious.Reuters
Wed, Oct 15
US, China roll out tit-for-tat port fees, threatening more turmoil at sea
US, China begin collecting port fees on each other's vesselsChina says Chinese-built ships exempted from its leviesChina sanctions Korean shipbuilder for 'helping US'; launches probeUS aims to loosen Chinese dominance in global maritime, bolster US shipbuildingBy Lisa Baertlein, Liz Lee ...Reuters
Wed, Oct 15
Oil settles down 1.5% on US-China trade tensions, IEA warning of glut
Brent crude futures, WTI both settle lowerIEA raises forecast for global oil supply growth this yearIEA also lowers demand growth forecastBy Arathy Somasekhar HOUSTON, Oct 14 (Reuters) - Oil prices fell on Tuesday, settling 1.5% lower as the International Energy Agency warned of a huge supply glu...Reuters
Tue, Oct 14
Domino's Pizza tops quarterly results estimates as US consumers seek value meals
By Anshi Sancheti, Juveria Tabassum and Waylon Cunningham Oct 14 (Reuters) - Domino's Pizza DPZ.O beat expectations for quarterly profit and U.S. same-store sales on Tuesday, driven by promotions and new menu items as consumers tighten their budgets amid economic uncertainty.Persistent inflat...Reuters
Tue, Oct 14
Wells Fargo tops profit estimates, raises return target after asset cap lifted
Wells Fargo raises ROTCE target to 17-18% in medium-termCredit quality strong across the board, CFO saysInvestment banking fees jump 25%Shares rise 7.6% in midday tradingBy Arasu Kannagi Basil and Prakhar Srivastava Oct 14 (Reuters) - Wells Fargo WFC.N on Tuesday beat Wall Street estimates for th...Reuters
Tue, Oct 14
JPMorgan lifts interest income forecast after profit beats estimates
JPMorgan's equities, fixed income trading desks shine Investment banking rebound powers fee growth CEO signals US economy remains resilientBy Manya Saini and Nupur Anand Oct 14 (Reuters) - JPMorgan Chase JPM.N raised its full-year forecast for net interest income on Tuesday, after strong perf...Reuters
Tue, Oct 14
Goldman's profit beats estimates as dealmaking rebound boosts investment banking
Goldman's advisory fees surge 60%, boosting investment banking revenueAsset and wealth management revenue rises 17%, driven by record management feesCash equities revenue down, offset by boost in financingSome cuts expected as GS rolls out AI- memoStock falls as analysts disappointed with tradin...Reuters
Tue, Oct 14
China-US Shipping Tensions Escalate: China Announces Countermeasures Against U.S. Vessels
TradingKey - On the afternoon of October 14 (local time), China’s Ministry of Commerce issued a statement in response to U.S. measures targeting China’s maritime, logistics, and shipbuilding sectors.TradingKey
Tue, Oct 14
