Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty Images The news is coming in fast and thick. Strap in.First, interest rates.The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another cut in December, which the market had been pricing in with more than 90% certainty, “is not a foregone conclusion.”His statement threw cold water on the markets, sending most stocks lower and Treasury yields higher.Next, Big Tech earnings.Alphabet, Meta and Microsoft reported earnings that beat analyst expectations…
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South Korean auto and shipbuilding stocks rallied Thursday after Seoul and Washington finalized a trade deal announced back in July.Hanwha Ocean spiked as much as 14.9% while Samsung Heavy Industries climbed 8.33% at its peak. Defense product maker Firstec also rose as much as 9.7%.Automakers Hyundai and Kia saw gains of around 12% and 9% respectively.The agreement, detailed following a meeting between President Lee Jae Myung and U.S. President Donald Trump, includes lower U.S. tariffs on South Korean goods in exchange for a $350 billion investment pledge from Seoul — a move that could reshape trade and defense ties between…
Starbucks reported mixed quarterly results on Wednesday — but there was enough in the numbers and on the earnings call for us to continue betting on CEO Brian Niccol’s turnaround efforts. Revenue in the fiscal fourth quarter rose 5.5% on an annual basis to $9.57 billion, beating the consensus estimate of $9.35 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended Sept. 28 totaled 52 cents, missing expectations of 56 cents, LSEG data showed. On an annual basis, adjusted EPS dropped 35%. Same-store sales increased 1% globally, driven by an increase in comparable transactions. That…
The ‘Fast Money’ traders talk how to play Meta following Q3 results. Source link
Head coach Chauncey Billups of the Portland Trail Blazers and Terry Rozier #2 of the Miami Heat.Soobum Im | Nick Cammett | Getty ImagesThe union that represents NBA players said Wednesday that it will challenge the suspension of pay for Miami Heat guard Terry Rozier, who was arrested last week on charges related to an alleged basketball betting ring.Rozier and Portland Trail Blazers head coach Chauncey Billups were placed on leave by the NBA after their arrests for separate gambling-related cases on Thursday, and their multi-million-dollar salaries are being withheld by their respective teams as a result, CNBC confirmed.”While we…
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share came in at $7.25 versus the $6.69 consensus, LSEG data showed. That earnings number does not include a nearly $16 billion, or $6.20 per share, one-time income tax charge due to the implementation of President Donald Trump’s One Big Beautiful Bill Act. Bottom line Given the…
South Korea’s benchmark Kospi Index has been on a record-breaking spree this month, hitting 16 intra-day records so far, propelled by a mix of AI-driven optimism about chip firms and sweeping corporate governance reforms. The rally has pushed the index past the 4,000 mark, with nearly 21% gains in October alone so far. The index has soared more than 72% this year, beating regional peers including Japan’s Nikkei 225, up 26%, and mainland China’s CSI 300 that has gained more than 19%. The rally in South Korea stocks reflects both global AI tailwinds and local structural changes that are steadily…
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty ImagesSamsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business. Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 86.1 trillion Korean won vs. 85.93 trillion won Operating profit: 12.2 trillion won vs. 11.25 trillion wonThe South Korean technology giant’s quarterly revenue was up 8.85% from a year earlier, while its first-quarter operating profit climbed 32.9%…
CNBC’s Steve Liesman joins ‘Fast Money’ to talk today’s Fed rate cut decisions. Source link
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed on Thursday, after U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut in December was far from a “foregone conclusion.”The Fed on Wednesday slashed the benchmark federal funds rate by 25 basis points, as expected, to bring it to 3.75%-4%.In Asia, investors will closely watch a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping — the first in-person meeting between the two leaders in Trump’s…
