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After Pfizer, AstraZeneca Strikes Drug Price Pact with Trump — Who’s Next to Capitulate?
TradingKey - U.S. President Trump announced on Friday that British pharmaceutical giant AstraZeneca has reached a major drug pricing agreement with the government, marking the second significant deal following a similar agreement with Pfizer last week.TradingKey
Sat, Oct 11
Next Fed Chair Shortlist of Five Revealed as Wall Street Outsider Gains Unexpected Traction
TradingKey - After weeks of evaluation, U.S. Treasury Secretary Scott Bessent has narrowed down the initial list of 11 candidates for the next Federal Reserve Chair — the successor to Jerome Powell — to a final group of five. While no clear frontrunner has emerged, one candidate stands out...TradingKey
Sat, Oct 11
A Shutdown Like No Other: Mass Layoffs Have Begun as Missed Military Paychecks Loom
TradingKey - With Congress still failing to pass a spending bill, the U.S. government shutdown entered its 10th day on October 10. In a move to pressure Democrats, the Trump administration confirmed on Friday it has officially launched a federal workforce reduction program (RIFs) — marking the firstTradingKey
Sat, Oct 11
US Senate Push for DeFi Restrictions Raises Fears of Crypto Market Slowdown
A leaked draft from the US Senate Banking Committee Democrats outlines an aggressive approach to decentralized finance (DeFi), proposing that any person or firm “designing, deploying, operating or profiting from a DeFi front-end” be regulated as a broker and register with the SEC or CFTC.Bitcoinist
Sat, Oct 11
Trump's 100% China Tariffs Trigger Crypto Carnage, Digital Assets Nosedive
TradingKey - Friday, US President Trump announced 100% tariffs on Chinese goods, triggering a historic sell-off in crypto assets as the global cryptocurrency market cap plummeted 10.27% within 24 hours, falling below the $4 trillion mark.
VIX Surges 32% on Trump’s Threat — Here’s What It Really Means for Investors
TradingKey - The sudden resurgence of the U.S.-China trade war, dormant for six months, caught financial markets off guard. On Friday, October 10, the CBOE Volatility Index (VIX) — a key gauge of expected S&P 500 volatility — soared 31.83% to 21.66, its highest level since early August.
TradingKey
Sat, Oct 11
Trump threatens China with export controls on Boeing parts
Once big, Chinese orders are now a small part of Boeing's backlogFinancial effect of a ban would likely be relatively small for BoeingBoeing, China had reportedly been in talks for 500-jet dealBy Dan Catchpole and Steve Holland WASHINGTON, Oct 10 (Reuters) - The United States could impose exp...Reuters
Sat, Oct 11
What Drove the October 10 Sell-Off in U.S. Stocks? Why Wall Street Isn’t Panicking?
TradingKey - On Friday, October 10, U.S. stocks plunged amid a sudden escalation in U.S.-China trade tensions, echoing the sell-off seen in April. The S&P 500 dropped 2.71% — its largest single-day decline in six months — as investors reacted to renewed fears of a full-blown trade war.
White House lays off thousands of US government workers, blaming shutdown
WASHINGTON, Oct 10 (Reuters) - President Donald Trump on Friday blamed Democrats for his decision to lay off thousands of workers across the U.S. government as he followed through on his threat to cut the federal workforce during the government shutdown.Reuters
Sat, Oct 11
First Brands CEO James weighs resigning, FT reports
Oct 10 (Reuters) - First Brands Chief Executive Patrick James may step down from the bankrupt car parts maker as lenders push for his removal in the face of mounting losses on billions of dollars in debt, the Financial Times reported on Friday, citing people familiar with the matter.Reuters
Sat, Oct 11
Gold surges near $4,000 as US–China trade tensions ignite haven demand
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid.
Fxstreet
Sat, Oct 11
Trump announces additional tariffs on China, to begin November 1
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China.Fxstreet
Sat, Oct 11
Bitcoin drops to $109,444, its lowest level since February, after Trump’s new China tariff threat
Bitcoin continues falling off a cliff on Friday, collapsing to $109,444, its lowest level since February, after President Donald Trump announced the U.S. will hit China with 100% tariffs starting November 1.Cryptopolitan
Sat, Oct 11
