News
Important Only
Gold continues record run on safe-haven rush, US rate cut bets
Gold extended its rally to a new record high on Thursday, as investors turned to the safe-haven asset due to U.S.-China trade tensions and the U.S. government shutdown, with prospects of interest rate cuts further boosting demand.
Reuters
Thu, Oct 16
Citadel founder says generative AI has yet to boost hedge Funds
Billionaire Ken Griffin, CEO of Citadel, has expressed skepticism about the impact of generative artificial intelligence (GenAI) on hedge fund performance. Griffin says that GenAI has not yet delivered the anticipated market-beating returns.Cryptopolitan
Thu, Oct 16
EM stocks extend rally on rate-cut hopes; investors parse TSMC earnings
TSMC raises revenue forecast on bullish outlook for AI megatrendTop South Korean official expresses optimism about US tariff talksIndia's RBI deployed $5 bln life jacket to aid struggling rupeeHungary's fiscal consolidation will be slower than expected, Fitch saysBy Niket Nishant Oct 16 ...Reuters
Thu, Oct 16
Ignoring Tokyo Turmoil, "Most Hawkish" BOJ Official Stands Firm on Rate Hike Path
TradingKey - Amid a wave of political upheaval in Japan that has disrupted the Bank of Japan’s (BOJ) rate hike momentum, Naoki Tamura, one of the central bank’s most hawkish board members, is holding firm on his call for continued tightening. He warns that yen weakness risks fueling inflation, and
TSMC Q3 Net Profit Surges 39% to Record High on Booming AI Demand, HPC Contributes Over Half of Revenue
TradingKey - On October 16, TSMC reported its third-quarter financial results, with net profit soaring 39% year-on-year to a record NT$452.3 billion, significantly beating market expectations of NT$405.47 billion.
TradingKey
Thu, Oct 16
Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire'
Job cuts are first significant step by new CEO NavratilCompany raises cost savings target to 3 billion Swiss francsNestle reports better-than-expected third-quarter sales growthGrowth led by higher prices for coffee and confectioneryBy Alexander Marrow AMSTERDAM, Oct 16 (Reuters) - Nestle NESN.S ...Reuters
Thu, Oct 16
Strong Growth, Weak Jobs, and an 80% Chance of a Less Independent Fed, WSJ Survey Shows
According to a Wall Street Journal survey of dozens of economists conducted in early October, respondents painted a somewhat “divided” picture of the U.S. economy: more optimistic on growth, increasingly pessimistic on jobs, and skeptical that the most qualified candidate will become the next FedTradingKey
Thu, Oct 16
Meta Invests Another $1.5bn in Texas Data Center, Marking Third Major Bet; CEO: Better to Overrun Than to Fall Behind
TradingKey - Social media and technology giant Meta announced on Wednesday that it will invest over $1.5 billion to build a new data center in El Paso, Texas. This represents the latest in a series of major infrastructure investments the company is making to advance its artificial intelligence...
TradingKey
Thu, Oct 16
Top South Korean official expresses optimism about US tariff talks, fuelling stock rally
KOSPI index hits record high, Hyundai and Kia shares surgeSouth Korea seeks currency swap line to mitigate market impact of investment packageU.S. Treasury Secretary expects trade deal announcement within 10 daysBy Jihoon Lee SEOUL, Oct 16 (Reuters) - South Korea's chief presidential policy a...Reuters
Thu, Oct 16
When Will Record-Breaking Gold Top Out? Hold It Like Insurance, Analysts Say
TradingKey - As of October 16, gold prices have risen for six consecutive days, with gains in nine out of the first ten months of 2025. The market often attributes gold’s relentless rally — now at fresh all-time highs — to U.S. policy volatility and rising non-dollar demand abroad. But some argueTradingKey
Thu, Oct 16
AI Shines in Wall Street Earnings — But Employees Pay the Price: JPMorgan, Goldman Sachs Hire Less
TradingKey - Amid ongoing macroeconomic uncertainty and the surging AI boom, capital markets saw another record-breaking quarter — driven by heightened trading activity at major financial firms. However, as AI technology demonstrates stronger real-world applications and efficiency gains, JPMorgan
TradingKey
Thu, Oct 16
Will the U.S. Government Shutdown Set a New Record? Dragging Into November, Thanksgiving at Risk
TradingKey - Growing concerns suggest the impasse could stretch into November, potentially making this the longest government shutdown in U.S. history — and threatening a disrupted Thanksgiving holiday.TradingKey
Thu, Oct 16
Record-Breaking Data Center Deal: BlackRock, Nvidia-Led Consortium to Acquire Aligned in $40bn Transaction
TradingKey - On Wednesday, local time, the "Artificial Intelligence Infrastructure Partnership" (AIP), an investment consortium comprising BlackRock, Nvidia, Abu Dhabi's MGX fund, Elon Musk's xAI company, and Microsoft, announced it will acquire Aligned Data Centers from Macquarie Asset Management.
TradingKey
Thu, Oct 16
