News
Important Only
China-US Shipping Tensions Escalate: China Announces Countermeasures Against U.S. Vessels
TradingKey - On the afternoon of October 14 (local time), China’s Ministry of Commerce issued a statement in response to U.S. measures targeting China’s maritime, logistics, and shipbuilding sectors.TradingKey
Tue, Oct 14
Broadcom to launch new networking chip, as battle with Nvidia intensifies
SAN FRANCISCO, Oct 14 (Reuters) - Broadcom AVGO.O is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data, deepening its rivalry with Nvidia NVDA.O.
Reuters
Tue, Oct 14
US banks: JPM down, Wells Fargo rises after Q3 results
JPMorgan Chase & Co JPM.N ** Shares of JPMorgan Chase & Co marginally down in premarket trading after results** Co's profit rose in Q3, fueled by multi-billion dollar deals and IPOs that boosted its investment bank, along with stronger trading performance** Profit at the larges...Reuters
Tue, Oct 14
LG Electronics India eclipses South Korean parent in blockbuster $13 billion trading debut
LG Electronics India stock soars 53.4% on debut, outshines Tata Capital and WeWork IndiaIndia unit of LG Electronics notches $13 billion valuation, surpassing parent companyIndia's tax cuts, dovish central bank policies to boost appliance makers' growthBy Vivek Kumar M and Kashish Tandon ...Reuters
Tue, Oct 14
RPT-COLUMN-Gold buyers dodging bubbles may be blowing one: Mike Dolan
By Mike DolanLONDON, Oct 14 (Reuters) - Some investors may be buying gold to dodge the next bubble, whether that be overheated tech stocks, rising government debt or even elevated inflation. But what if the scramble for gold itself is the real bubble?The 56% rise in gold XAU= so far this year has be...Reuters
Tue, Oct 14
Intel Downgraded by BofA and HSBC: Is a 50% Monthly Surge Overly Optimistic?
TradingKey - Intel's stock has surged over 50% this month, with its market capitalization growing by $80 billion in recent months. However, major financial institutions have continued to downgrade its rating.
TradingKey
Tue, Oct 14
Samsung Chip Business Soars: Q3 Operating Profit Jumps 32%; Poised to Retake Memory Industry Crown
TradingKey - Global memory chip leader Samsung Electronics reported preliminary third-quarter results showing a significant rebound in operating profit to 12.1 trillion won (approximately $8.5 billion), marking the highest quarterly profit in over three years and significantly exceeding market...TradingKey
Tue, Oct 14
Google to spend $15 billion on AI data centre in biggest India investment
Google raises bets on its key growth market of IndiaNew data centre to come up in southern port cityAlphabet faces challenges in big YouTube, Android marketGoogle data centre to generate 188,000 jobs By Munsif Vengattil BENGALURU, Oct 14 (Reuters) - Google said on Tuesday it would invest $15 bill...Reuters
Tue, Oct 14
Trump on track to meet Xi in South Korea, Bessent says
Trump, Xi meeting still expected, treasury secretary saysLines of communication are openUS-China have de-escalated tensions, Bessent says100% tariff does not have to happen, Bessent saysBy Susan Heavey, Doina Chiacu and Joe Cash WASHINGTON/BEIJING, Oct 14 (Reuters) - U.S. President Donald Trump r...Reuters
Tue, Oct 14
Michelin drops 11% on 'far bigger than expected' guidance cut
Shares in Michelin MICP.PA fall around 11%, to their lowest price since December 2022, after bigger than expected guidance cut ** Deutsche Bank says the cut was "far bigger than expected," Jefferies also notes that it was the largest cut in six years** Group now sees 2025 operating in...Reuters
Tue, Oct 14
IonQ Soars 16% on Quantum Chemistry Breakthrough; Carbon Capture Tech Enters New Era
TradingKey - Quantum computing company IonQ (IONQ.US) experienced explosive growth in its stock price on Monday, surging 16.19% to close at $82.09. This performance was primarily driven by the company's key technological breakthrough in quantum chemistry simulation and a positive market environment.
TradingKey
Tue, Oct 14
US, China to roll out collecting port fees on each other's vessels — Reuters
The United States (US) and China on Tuesday will begin charging additional port fees on ocean shipping companies that transport everything from holiday toys to crude oil, Reuters reported on Tuesday. The US is scheduled to start collecting fees on October 14.Fxstreet
Tue, Oct 14
