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BNY profit surges by 21% in Q3 as bullish stock market lifts client assets to $57.8 trillion
BNY reported a 21% jump in profit for the third quarter of 2025, powered by a rising stock market and higher client activity that pushed total assets under custody and administration to $57.8 trillion.Cryptopolitan
Fri, Oct 17
House Select Committee on China on Thursday expressed reservations about the proposed structure of the sale of TikTok’s US operations
The chair of the House Select Committee on China on Thursday expressed reservations about the proposed structure of the sale of TikTok’s US operations, indicating that a licensing agreement for the app’s core algorithm would raise “serious concerns.”Cryptopolitan
Fri, Oct 17
The U.S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program
The U.S. Chamber of Commerce has filed a lawsuit against President Trump’s administration to stop the new $100,000 H-1B visa fee, arguing that it violates U.S. immigration law and would devastate businesses that depend on skilled foreign workers.Cryptopolitan
Fri, Oct 17
Zelenskiy hopes Middle East agreement can lead to peace with Russia
Oct 16 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Thursday, on the eve of talks with U.S. President Donald Trump, that momentum in the Middle East peace process would help end his country's more than 3-1/2-year-old war with Russia.Reuters
Fri, Oct 17
Another Apple exec leaves for Meta as AI talent war heats up, Bloomberg News reports
Oct 15 (Reuters) - Apple's AAPL.O Ke Yang, the newly tapped executive leading an effort to develop a ChatGPT-like AI-driven web search, is stepping down to join Meta META.O, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.Reuters
Fri, Oct 17
Fed hawks and doves: What US central bankers are saying
Oct 16 (Reuters) - The Federal Reserve is widely expected to cut the U.S. policy rate by a quarter-of-a-percentage point at its next two meetings to support the labor market, despite objections from several policymakers worried that further policy easing could worsen inflation.Reuters
Fri, Oct 17
Trump confirms he will meet Putin in Budapest after a “long and productive” phone call
In a Thursday update on Truth Social, President Donald Trump announced that he and President Vladimir Putin have agreed to meet in Budapest, Hungary, following what he described as a “long and productive” phone call.Cryptopolitan
Fri, Oct 17
Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports
Oct 16 (Reuters) - Meta Platforms META.O was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday.Reuters
Fri, Oct 17
Oil drops 1%, settles at 5-month lows as Trump-Putin summit looms
Trump, Putin to meet in BudapestTrump says India will halt Russian oil purchasesUS crude oil inventories rose more than expected last week - EIABy Nicole Jao NEW YORK, Oct 16 (Reuters) - Oil prices fell more than 1% on Thursday after U.S. President Donald Trump said he and Russian President Vladi...Reuters
Thu, Oct 16
CORRECTED-US retailers brace for impact as Trump's 100% China tariffs loom (Oct 13)
By Savyata Mishra Oct 13 (Reuters) - U.S. President Donald Trump's threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand.The fresh levies, set to take effect November 1...Reuters
Thu, Oct 16
Safe-haven surge, Fed rate-cut bets drive gold to new record highs
Gold hit a record high for the fourth straight session on Thursday, as investors flocked to the safe-haven metal on brewing U.S.-China trade tensions and the U.S. government shutdown, with bets on interest rate cuts fueling the momentum.
Reuters
Thu, Oct 16
Silver retreats after hitting record high amid trade war fears, Fed rate cut bets
Silver (XAG/USD) edges lower on Thursday, trading around $53.00 per ounce, down 0.25% for the day at the time of writing, after reaching a new all-time high of $54.86 earlier in the day. The grey metal remains one of the year’s top-performing assets, up more than 80% year-to-date, supported by persi
Fxstreet
Thu, Oct 16
UK seeks pharma investment as part of US deal, finance minister Reeves says
Britain wants to see more investment in the country by pharmaceutical companies if it agrees to pay higher drug prices as part of tariff talks with the United States, finance minister Rachel Reeves said on Thursday.Reuters
Thu, Oct 16
Nestlé Posts Largest Single-Day Surge Since 2008, Q3 Sales Surpass Expectations, Plans to Cut 16,000 Jobs
TradingKey - Food industry giant Nestlé announced on Thursday better-than-expected financial results and a plan to cut 16,000 jobs over the next two years, representing about 6% of its workforce.TradingKey
Thu, Oct 16
HPE Forecast Misses as AI Chip Costs Squeeze Margins; Shares Slide Over 8% Pre-Market
TradingKey - On Wednesday (local time), Hewlett Packard Enterprise (HPE.US) issued its financial outlook for the new fiscal year that fell short of market expectations, citing high costs from AI servers and integration expenses. Following the announcement, HPE shares slide over 8% pre-market
TradingKey
Thu, Oct 16
TSMC raises revenue forecast on bullish outlook for AI megatrend
TSMC Q3 profit soars 39.1%Posts sixth consecutive quarter of double-digit profit growthTSMC benefiting from AI megatrendBy Wen-Yee Lee, Faith Hung and Ben Blanchard TAIPEI, Oct 16 (Reuters) - TSMC 2330.TW, the world's biggest producer of advanced chips, raised its full-year revenue forecast o...Reuters
Thu, Oct 16
