News
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CORRECTED-Xi to meet Canadian, Japanese leaders after Trump trade truce
Xi to meet Japan's hawkish new leader TakaichiCanada seeks to restart engagement with China amid trade tensionsBessent stands in for Trump at APEC summit discussionsBy Jihoon Lee and Eduardo Baptista GYEONGJU, Oct 31 (Reuters) - China's Xi Jinping will take centre stage at an annual gathe...Reuters
Fri, Oct 31
Japan's Nikkei climbs 2% to record high as tech shares rally
By Kevin Buckland TOKYO, Oct 31 (Reuters) - Japan's Nikkei share average climbed to an all-time high on Friday, as tech stocks jumped following strong sales forecasts from Amazon AMZN.O and Apple AAPL.O.A weaker yen was also a tailwind for Japan's heavyweight exporters, following its slid...Reuters
Fri, Oct 31
24H | Chip Stocks Jump. Credo up over 5%; Marvell up over 3%; Micron, SOXL, Navitas, SMCI up around 2%; Nvidia, ARM, AMD up over 1%
Chip stocks jumped in overnight trading. Credo up over 5%; Marvell up over 3%; Micron, SOXL, Navitas, SMCI up around 2%; Nvidia, ARM, AMD up over 1%.Tiger News
Fri, Oct 31
GLOBAL MARKETS-Asian shares poised for 7th month of gains; dollar climbs
Earnings from Amazon, Apple lift Nasdaq futures by 1.2%Nikkei heads for 15% monthly gain, South Korea stocks up 20%Chinese shares down as PMI misses forecastDollar near 3-month highsBy Stella Qiu SYDNEY, Oct 31 (Reuters) - Asian shares are set for a seventh straight month of gains on Friday, afte...Reuters
Fri, Oct 31
24H | Brighthouse Surges 19%; Illumina Jumps 7%; Lumen Gains 6%; Riot Rises 5%; Roku Sinks 5%
Aquarian Holdings is in advanced talks to take private U.S. life insurer Brighthouse Financial in a $4 billion deal that could be announced as soon as this weekend, Financial Times reported on Thursday, citing sources familiar with the matter. Brighthouse Financial shares jumped 19.4% in overnight t...Tiger News
Fri, Oct 31
China's factory activity shrinks for seventh month in October, PMI shows
BEIJING, Oct 31 (Reuters) - China's factory activity shrank for a seventh month in October, an official survey showed on Friday, suggesting the need for further stimulus to boost demand, with efforts to ship goods abroad merely exporting price wars.The official purchasing managers' index (PM...Reuters
Fri, Oct 31
24H | Crypto Shares Jump as Bitcoin Nears $110K; Strategy up 7%; BitMine up over 6%; Coinbase, CLSK, Bit Digital up over 4%
Crypto shares jumped in overnight trading. Strategy up 7%; BitMine up over 6%; BTCS, Canaan, Riot Platforms up over 5%; Coinbase, CLSK, Bit Digital up over 4%.Bitcoin jumped nearly 2% to $109,751 on Friday.Tiger News
Fri, Oct 31
Japan's Nikkei climbs 2% to record high as tech shares rally
By Kevin Buckland TOKYO, Oct 31 (Reuters) - Japan's Nikkei share average climbed to an all-time high on Friday, as tech stocks jumped following strong sales forecasts overnight from Apple AAPL.O and Amazon AMZN.O.A weaker yen was also a tailwind for Japan's heavyweight exporters, followin...Reuters
Fri, Oct 31
OpenAI, Oracle plan 1 gigawatt Stargate data center in Michigan with Related Digital
Oct 30 (Reuters) - OpenAI, Oracle ORCL.O and Related Digital will build a data-center campus of more than 1 gigawatt in Saline Township, Michigan, as part of their Stargate push to expand U.S. artificial intelligence infrastructure capacity.Reuters
Fri, Oct 31
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
WASHINGTON, Oct 30 (Reuters) - Apple AAPL.O Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.
Reuters
Fri, Oct 31
24H | Amazon Soars 13%; Reddit Jumps 10%; Western Digital, Cloudflare Gain 9%; Twilio Up 7%; Strategy Up 6%; Coinbase Up 4%; Apple Up over 2%
Amazon.com forecast quarterly revenue largely above Wall Street estimates on Thursday on strong demand for its cloud services as businesses continue to spend relentlessly on artificial intelligence software development.Shares of Amazon soared 13% in overnight trading, lifting the company's market va...Tiger News
Fri, Oct 31
Meta to raise $30 billion in its biggest bond sale as AI expansion costs rack up
Oct 30 (Reuters) - Social media giant Meta Platforms META.O will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.
Reuters
Fri, Oct 31
Netflix taps bank to explore bid for Warner Bros Discovery
Oct 30 (Reuters) - Netflix NFLX.O is actively exploring a bid for Warner Bros Discovery's WBD.O studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.
Reuters
Fri, Oct 31
Tech leaders boost AI spending, but Alphabet's cash flow wins investor favor
Oct 30 (Reuters) - Four of the biggest U.S. technology companies flagged plans this week to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet's GOOGL.O ability to fund its plans from its cash flow.
Reuters
Fri, Oct 31
RPT-ROI-The cuts don't work - why the Fed may pause in December: McGeever
By Jamie McGeeverORLANDO, Florida, Oct 30 (Reuters) - Federal Reserve Chair Jerome Powell surprised many market-watchers on Wednesday when he declared that another interest rate cut in December was not a slam dunk. Perhaps even more surprising was his apparent suggestion that if boosting the labor m...Reuters
Fri, Oct 31
Nasdaq Ends about 1.6% Lower as Meta, Microsoft Drag; Amazon Soars 12% After Earnings Beat; Apple Jumps over 2%
Wall Street's three major indexes lost ground on Thursday with the Nasdaq Composite and the S&P 500 leading losses as Meta and Microsoft shares tumbled on worries over surging AI spending, while investors also digested a more hawkish tone from the U.S. Federal Reserve.Market SnapshotThe Dow Jones In
Tiger News
Fri, Oct 31
