Meta Ray-Ban Gen 2 AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty ImagesEssilorLuxottica said a healthy amount of its revenue growth in the third quarter was due to its partnership with Meta, primarily from its Ray-Ban brand, to develop and sell smart glasses.”Clearly there is a lift coming from Ray-Ban Meta wearables as a product category,” CFO Stefano Grassi said on the company’s third-quarter earnings call.The European eyewear company said sales in in the quarter grew 11.7% year-over-year to 6.9 billion euros (about $8…
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Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in Washington, DC, US, on Thursday, Oct. 9, 2025. Eric Lee | Bloomberg | Getty ImagesRegulators are doing away with controversial rules that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday.A joint release from the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve said they no longer believe the requirements are necessary as they are redundant with other provisions banks make to plan for…
Traders could look at names such as Intuitive Surgical and under-the-radar AI play Amphenol for names that tend to rally upon posting their quarterly financial results. Earnings season for the third quarter has gotten off on a strong footing, led by positive results from a few major banks. A slew of positive corporate results could be the catalyst that keeps the current bull market going as investors remain concerned about risks tied to the ongoing U.S. government shutdown, high interest rates and volatile global trade policies. We screened Bespoke Investment Group data for names that tend to impress Wall Street…
Jefferies headquarters in New York, US, on Wednesday, Aug. 23, 2023.Jeenah Moon | Bloomberg | Getty ImagesStock Chart IconStock chart iconZION and KRE, 1-dayThe bankruptcies of two auto industry-related companies this year have raised concerns about loose lending practices, especially in the opaque private credit market. That’s left both the banking industry and investors concerned about whether instances of loans gone wrong indicate a burgeoning crisis.The latest signs of trouble came when Zions said Wednesday evening it faced a sizable charge because of bad loans to a couple of borrowers. Despite expecting this was an isolated incident, the bank said…
CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty ImagesUnited Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues.Despite the funding impasse, essential federal employees including Transportation Security Administration officers and air traffic controllers are required to work without pay. The shutdown started Oct. 1 as Congress failed to pass a funding bill.Speaking on an earnings call on Thursday, Kirby said the shutdown so far hasn’t impacted the carrier’s business.”I think that at least for…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesU.S. cybersecurity company F5 fell 12% on Thursday after disclosing a system breach in which a “highly sophisticated nation-state threat actor” gained long-term access to some systems.F5 shares were pacing for the worst day since April 27, 2022, when the stock fell 12.8%.The company disclosed the breach in a Securities and Exchange Commission filing on Wednesday and said the hack affected its BIG-IP product development environment. F5 said the attacker infiltrated files containing some source code and information on “undisclosed vulnerabilities” in BIG-IP.The breach was later attributed to state-backed hackers from…
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S.J. David Ake | Getty Images News | Getty ImagesThe U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what also were unprecedented numbers for payments on the spiraling national debt, the Treasury Department announced Thursday.In a year marked by a bruising trade war and high financing costs, the federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than in…
JPMorgan sees a rosy outlook ahead for Las Vegas Sands . The bank upgraded shares of the casino operator to overweight from neutral. Analyst Daniel Politzer also raised his price target by $4 to $60 per share, implying upside of 22% from Wednesday’s close. He pointed to upside in the Singapore market as a major catalyst for the company. Specifically, Politzer highlighted the Marina Bay Sands in Singapore as a trademark asset for Las Vegas Sands. LVS YTD mountain LVS YTD chart “Our upgrade is based solely on Singapore upside, with LVS’s current valuation implying this asset is underpriced,” he…
A U.S. Marine stands on the beach as a landing craft utility (LCU-1662) approaches the shore during training exercises in Arroyo, Puerto Rico, October 16, 2025. REUTERS/Ricardo ArduengoRicardo Arduengo | ReutersA bill that would fund the U.S. military during the ongoing government shutdown failed to pass the Senate in a procedural vote on Thursday.The bill required at least 60 votes in the 100-member Senate to advance because of the chamber’s filibuster rules. The final vote was 50-44, with three Democrats joining Republicans in voting “aye.”Senate Majority Leader John Thune, R-S.D., voted against the bill solely as a tactic to allow…
Oracle CEO Clay Magouyrk, center, speaks on a media tour of the Stargate data center in Abilene, Texas, on Sept. 23, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US.Kyle Grillot | Bloomberg | Getty ImagesOracle shares jumped as much as 5% on Thursday as it indicated that it expects more business in core categories and confirmed a cloud-computing deal with social media company Meta.The maker of database software sees $20 billion in artificial intelligence-powered database and AI data…
