News
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Bank of America beats profit estimates on dealmaking strength, upgrades NII forecast
NII expectation for Q4 up about 8% from a year earlier Investment banking fees rise 43% to $2 billion in Q3 BofA posts record Q3 NII that rose 9% YoY CFO says First Brands loans backed by strong collateralBy Pritam Biswas, Saeed Azhar and Prakhar Srivastava Oct 15 (Reuters) - Bank of America BAC....Reuters
Wed, Oct 15
UK's Nscale to supply Microsoft with 200,000 Nvidia AI chips
Oct 15 (Reuters) - Nscale will deploy around 200,000 Nvidia NVDA.O AI chips under an expanded agreement with Microsoft MSFT.O across its data centers in Europe and the U.S., the British artificial intelligence group said on Wednesday.The Nvidia-backed company did not disclose the financial terms, bu...Reuters
Wed, Oct 15
BofA Smashes Expectations with 43% Surge in Investment Banking Revenue; Shares Jump Pre-Market
TradingKey - Pre-market Wednesday, Bank of America (BofA) announced its third-quarter results, posting a 10% revenue increase that exceeded expectations, while investment banking income soared 43% year-on-year, surpassing market forecasts.
TradingKey
Wed, Oct 15
Is It Spring for Wall Street Banks? Morgan Stanley Delivers a Stunning Quarter
TradingKey - On Tuesday (local time), Morgan Stanley (MS.US) released its third-quarter earnings, beating market expectations across all major financial metrics. As of this report, the stock was up 4.5% in extended trading.
TradingKey
Wed, Oct 15
Wall Street futures rise on boost from chip stocks; bank earnings in focus
Oct 15 (Reuters) - U.S. stock index futures rose on Wednesday as chipmakers rallied after ASML's quarterly results, while investors parsed fresh big bank earnings following strong reports from lenders that helped lift markets in the prior session.Reuters
Wed, Oct 15
Lilly's weight-loss pill shows better blood sugar control in late-stage trials
Oct 15 (Reuters) - Eli Lilly's LLY.N experimental weight-loss pill showed superior blood sugar control in diabetic patients across two late-stage trials, the company said on Wednesday, as it seeks to widen its lead in the rapidly growing market for GLP-1 drugs.The oral drug, orforglipron, is des...
Reuters
Wed, Oct 15
Luxury Goods Revival: LVMH Reports First Sales Increase This Year, Shares Surge 13%
TradingKey - On Wednesday, French luxury conglomerate LVMH announced its first sales growth of the year, signaling its intention to consolidate its leadership in the luxury sector. This news sent its stock price soaring by 13%.TradingKey
Wed, Oct 15
Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say
WeRide hires Morgan Stanley, CICC for Hong Kong listingIts market value stands at $2.9 billion, shares down 25% this yearWeRide partners with Grab, Uber for autonomous vehicle servicesCompany hopes to complete HK listing in December, sourcesBy Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG, Oct ...Reuters
Wed, Oct 15
Challenging NVIDIA’s Dominance? AMD and Oracle Partner to Build the World’s Largest Non-NVIDIA AI Cluster
TradingKey - On Tuesday (local time), chip giant AMD (AMD.US) and cloud provider Oracle (ORCL.US) announced a major strategic partnership. Year-to-date, shares of AMD and Oracle have surged approximately 79% and 86%, respectively.
TradingKey
Wed, Oct 15
Norway proposes widening EV tax to include mass-market Tesla models
Norway plans to phase out EV tax exemptions by 2027Finance Minister Stoltenberg cites achievement of EV sales goalParliamentary negotiations needed for budget's approvalPro-EV lobby group wants staggered phase-outBy Terje Solsvik and Nora Buli OSLO, Oct 15 (Reuters) - Norway plans to eliminat...Reuters
Wed, Oct 15
Trump targets China cooking oil trade - but sales were already tanking
U.S. cooking oil imports from China dropped 65% this yearTrump's comments have minimal impact, traders sayChina shifts soybean purchases to Brazil, ArgentinaBy Kanishka Singh, Ella Cao and Joe Cash WASHINGTON/BEIJING, Oct 15 (Reuters) - U.S. President Donald Trump said he was considering term...Reuters
Wed, Oct 15
Dow Jones Futures advance as Fed easing hopes boost risk appetite
Dow Jones Index futures are showing mild gains during Wednesday’s European morning session, extending Tuesday’s rebound as Fed Chair Jerome Powell cemented hopes of further monetary easing and sent trade jitters to the back seat.Fxstreet
Wed, Oct 15
Stocks, FX bounce after US Fed signals rate cuts ahead
Emerging market stocks and currencies shook off recent pessimism on Wednesday after U.S. Federal Reserve Chair Jerome Powell's remarks increased hopes of lower interest rates, offsetting concerns about renewed trade tensions between Washington and Beijing.Reuters
Wed, Oct 15
JPMorgan’s Q3 Rally Fizzles as Dimon Warns of “Cockroaches” Ahead
TradingKey - Despite the stellar Q3 earnings results, JPMorgan’s stock fell as much as 4% intraday, closing down 1.91%. The disconnect between performance and price reflects a market already priced for perfection, rising valuation concerns, and CEO Jamie Dimon’s stark warning about hidden credit
TradingKey
Wed, Oct 15
Global AI rush helps ASML beat orders estimates, but China outlook dims
ASML expects significant fall in China demand next yearAnalysts disappointed by ASML's flat sales guidance for 2026ASML's Q3 net bookings slightly exceed analyst expectationsBy Nathan Vifflin and Toby Sterling Oct 15 (Reuters) - ASML ASML.AS, the world's biggest supplier of computer c...Reuters
Wed, Oct 15
