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US, Japan leaders sign rare earths, nuclear power deal ahead of Trump-Xi meeting
China expands curbs on rare earthsRare earths, critical minerals are key electronic componentsEssential for items from cars to fighter jets Japanese companies could be involved in cooperation with U.S. on new-generation nuclear power, factsheet shows Japan's new PM Takaichi favors nuclear power ...Reuters
Tue, Oct 28
‘One-Stop Shop’ SoFi Posts 129% Q3 Net Income Surge, Achieves Five New Records
TradingKey - SoFi Technologies (SOFI), a leading fintech company championing a “one-stop shop” strategy, delivered another strong earnings report on Tuesday, setting all-time highs across five core metrics: total revenue, net profit, fee-based income, membership, and product. SoFi shares rose about
TradingKey
Tue, Oct 28
China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particulaNewsBTC
Tue, Oct 28
US Treasury's Bessent calls for 'sound' monetary policy in Japan
Bessent calls on BOJ to anchor inflation expectationsSays Japan's economy different from when Abenomics deployedRemarks echo Bessent's past calls for higher BOJ ratesJapan's Katayama says Bessent wasn't prodding BOJ to hike ratesMarkets expect BOJ to keep rates steady this weekBy Lei...Reuters
Tue, Oct 28
Japan's Nikkei slips from record high on profit taking, stronger yen
TOKYO, Oct 28 (Reuters) - Japan's Nikkei share average slipped from a record high on Tuesday, as investors locked in profits after a fast-paced rally, with a stronger yen weighing on sentiment. The Nikkei .N225 fell 0.58% to end at 50,219.18, after falling as much as 0.8% duri...Reuters
Tue, Oct 28
Chicago soybeans hit 15-month high on US-China trade deal hopes
Chicago soybean futures touched a more than 15-month high on Tuesday, driven by optimism that the U.S. could reach a trade deal with China as leaders from both the countries are expected to meet in South Korea on Thursday.Reuters
Tue, Oct 28
USD/INR rises further Indian Rupee weakens on rising oil price
The Indian Rupee (INR) extends its downside against the US Dollar (USD) at open on Tuesday. The USD/INR jumps to near 88.60 as the Indian Rupee underperforms due to a recovery move in the Oil price seen in the past week.Fxstreet
Tue, Oct 28
Citi to tie up with Coinbase to boost digital payments for institutional clients
Citigroup C.N and cryptocurrency exchange Coinbase COIN.O plan to collaborate on digital asset payment solutions for the U.S. bank's institutional clients, to expand the offering to global clients in the future.Reuters
Tue, Oct 28
China's foreign minister speaks with Rubio ahead of Trump-Xi meeting
BEIJING, Oct 27 (Reuters) - China hopes the United States can meet it halfway to "prepare for high-level interactions" between the two countries, foreign minister Wang Yi told U.S. Secretary of State Marco Rubio in a phone call on Monday, China's foreign ministry said.Reuters
Tue, Oct 28
Oil settles lower as OPEC plans to increase oil output
HOUSTON, Oct 27 (Reuters) - Oil prices settled marginally lower on Monday as OPEC's plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia.
Reuters
Tue, Oct 28
Tesla Gains Massive Vote of Confidence on Compensation Plan for Elon Musk
The State Board of Administration of Florida (SBA) has given a significant endorsement to Tesla's proposed $1 trillion compensation plan for CEO Elon Musk. This development was disclosed in a filing submitted to the Securities and Exchange Commission (SEC) on Monday.
Tiger News
Tue, Oct 28
Qualcomm announces new AI chips in data center push, shares surge
Oct 27 (Reuters) - Qualcomm QCOM.O on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%.The share gain following the news underscores strong ent...
Reuters
Tue, Oct 28
