News
Important Only
Wells Fargo CEO says credit is strong, sees no cracks in banking system
NEW YORK, Oct 21 (Reuters) - Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo WFC.N CEO Charlie Scharf said on Tuesday.Reuters
Wed, Oct 22
Anthropic, Google in talks on cloud deal worth tens of billions, Bloomberg News reports
Oct 21 (Reuters) - AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter.Reuters
Wed, Oct 22
Netflix shares drop as Brazilian tax dispute hits earnings
LOS ANGELES, Oct 21 (Reuters) - Netflix NFLX.O missed Wall Street's third-quarter earnings targets because of an unexpected expense from a Brazilian tax dispute while it offered a forecast a touch ahead of Wall Street projections for the rest of the year.Reuters
Wed, Oct 22
Barbie-maker Mattel misses quarterly estimates on North America weakness, shares slump
Oct 21 (Reuters) - Mattel MAT.O missed Wall Street estimates for third-quarter revenue and profit on Tuesday, as retailers worried about an uncertain economic outlook delayed orders for "Barbie" and other toys, sending its shares down about 7% in extended trading.Reuters
Wed, Oct 22
Trump says Justice Department owes him money, vows to donate any payout to charity
WASHINGTON, Oct 21 (Reuters) - President Donald Trump on Tuesday responded to a report that he is seeking $230 million from the Justice Department for legal costs tied to federal investigations against him, saying he is not involved in the request but would donate any money awarded to charity.Reuters
Wed, Oct 22
General Motors lifts forecast as tariff outlook improves, shares surge 15%
GM raises annual profit forecast amid tariff reliefShares surge 15%, the best day in nearly six yearsQuarterly adjusted earnings per share of $2.80 beat expectationsTariff impact reduced to $3.5-$4.5 billion from $4-$5 billionBy Nora Eckert and Nathan Gomes Oct 21 (Reuters) - General Motors GM.N ...Reuters
Tue, Oct 21
Oil settles higher as investors focus on supply signals
Investors focus on expectations of oversupplyUS-China trade talks also in focus, Trump expects fair dealUS crude stocks expected to have risen last week - pollBy Shariq Khan NEW YORK, Oct 21 (Reuters) - Oil prices settled higher on Tuesday, bouncing off the previous session's five-month lows,...Reuters
Tue, Oct 21
Novo Nordisk's top investor seizes board control in weight-loss drug battle
Chairman, six board members to stand down next monthTop shareholder proposes new board membersFormer Novo CEO Boardroom feud comes in midst of company turnaround driveBoard and top shareholder clashed over pace of changeShares fall on fresh management turmoilBy Stine Jacobsen, Jacob Gronholt-Pederse...Reuters
Tue, Oct 21
Coca-Cola results top estimates as zero-sugar, smaller pack sizes boost sales
Coca-Cola keeps annual sales, profit targets despite challengesCompany to invest in smaller pack sizes for affordabilityInternational markets face local competition, executives sayBy Juveria Tabassum and Jessica DiNapoli Oct 21 (Reuters) - Coca-Cola's KO.N third-quarter results exceeded Wall ...Reuters
Tue, Oct 21
Takaichi elected Japan's premier, shattering glass ceiling with hard-right turn
Takaichi becomes Japan's first female prime ministerTakaichi's election marks a shift to the right in JapanEquity markets optimistic about Takaichi's economic policiesBy Mariko Katsumura and Tim Kelly TOKYO, Oct 21 (Reuters) - Hardline conservative Sanae Takaichi was elected Japan'...Reuters
Tue, Oct 21
General Motors surges on annual core profit forecast raise
** Shares of General Motors GM.N rise nearly 12% to about $65 in early trading** Co raises annual core profit forecast to $12.0 billion-$13.0 billion from $10.0 billion-$12.5 billion earlier, as it expects lower hit from tariffs** Lifts 2025 adj. EPS forecast to $9.75-$10.50 from $8.25-$10.00 ** Q3 ...Reuters
Tue, Oct 21
Gold retreats after record surge, investors await key US CPI data
Gold prices fell over 3% on Tuesday, as the dollar firmed and investors booked profits after expectations of U.S. interest rate cuts and sustained safe-haven demand drove the yellow metal to a fresh record high in the previous session.
Reuters
Tue, Oct 21
Nvidia Considers Loan Guarantee for OpenAI: A Potential Billion-Dollar Gamble
TradingKey - The Wall Street Journal reports that Nvidia is currently in discussions to partially guarantee loans for OpenAI's data center construction. This move could potentially expose Nvidia to significant debt risk. Ahead of Tuesday's US stock market opening, Nvidia (NVDA) experienced slight fl
TradingKey
Tue, Oct 21
CORRECTED-WRAPUP 1-Europeans say Ukraine battle lines must be start point for talks, as Trump-Putin summit plans hit snags
Summit preparations appear stalled after Rubio-Lavrov meeting postponedEuropean leaders concerned Trump may fail to secure concessionsPoland warns Putin against crossing its airspace for summit Oct 21 (Reuters) - European leaders said on Tuesday that current battle lines in Ukraine must be the st...Reuters
Tue, Oct 21
BHP Q1 Copper Surge to Become New Pillar; Maintains Outlook Amid Strong Commodity Demand
TradingKey - BHP Group, the world's largest miner, reported a substantial increase in copper production in its fiscal Q1 2026 report, while iron ore output remained relatively stable. The company has reaffirmed its full-year guidance, citing sustained strong demand for commodities and upward revisio
TradingKey
Tue, Oct 21
Beyond Meat Replays the “GameStop Saga” — Meme Frenzy Returns
TradingKey - The U.S. "meme stock" phenomenon is making a comeback, as plant-based meat maker Beyond Meat (BYND) surged 128% in a single day on Monday, echoing the 2021 GameStop short squeeze. As of this report on Tuesday, Beyond Meat shares were still up over 32% in pre-market trading.
TradingKey
Tue, Oct 21
