President Donald Trump’s latest threat to China on Friday battered the stocks market. Yet, Wall Street is left wondering if his warnings have teeth. Trump said in a Truth Social post that China was holding rare earth resources “captive” and raised the prospect of a “massive” tariff hike after the Asian country expanded export regulations. He was set to meet with Chinese leader Xi Jinping in two weeks in South Korea, but Trump said there was “no reason to do so” now. The Dow Jones Industrial Average tumbled more than 500 points after Trump’s post. The S & P 500…
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A resurgence in trade tensions between the U.S. and China squeezed some of the excess out of an enthusiastic market, something investors will keep a close eye on in the week ahead as earnings loom. The government shutdown is also stretching into a new week. Stocks sold off Friday, with the Dow Jones Industrial Average dropping more than 600 points intraday after President Donald Trump threatened higher tariffs on China, a worsening of trade relations between Washington and Beijing that the market had largely priced out since April. The S & P 500 lost more than 1%. The Nasdaq Composite…
A general view of the road signage at Accurate Energetic Systems on Oct. 10, 2025 in McEwen, Tennessee.Brett Carlsen | Getty ImagesMultiple people are dead and several others are unaccounted for after a blast on Friday morning in Tennessee at a military explosives plant, according to law enforcement.The explosion at Accurate Energetic Systems about 50 miles (80 km) west of Nashville occurred at 7:45 a.m. local time (1245 GMT), Humphreys County Sheriff Chris Davis told a press conference.”We do have several people at this time that’s unaccounted for,” he said, without providing precise figures. “We do have some that are…
The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators.Sora allows users to generate short videos for free by typing in a prompt. The app is only available on iOS devices and is limited to invitees, meaning people need a code to access it. Still, Sora has climbed to the No. 1 spot in Apple’s App Store, and OpenAI said this week it hit 1 million downloads in less than five days after launch.Major Hollywood groups like the Motion Picture Association have objected to OpenAI’s copyright policies, and top Hollywood agencies…
new video loaded: What to Know About ‘Gen Z Protests’ Around the WorldGen Z protests are raging against political establishments across the world, from Madagascar to Nepal. Katrin Bennhold and Hannah Beech, reporters for The New York Times, discuss what is causing these protests and why an anime-inspired symbol keeps appearing at demonstrations.By Hannah Beech, Katrin Bennhold, Christina Thornell, Nikolay Nikolov and Stephanie SwartOctober 10, 2025 Source link
Carter Worth breaks down the charts on TLT. Source link
Vgajic | E+ | Getty ImagesThe IRS has announced new tax inflation adjustments for 2026.Those changes may affect just how much federal taxes families pay in taxes or receive in their refunds come tax time.Qualifying families may see higher amounts for the child tax credit and earned income tax credit in 2026. Moreover, the adoption credit and gift tax exclusion have also been adjusted for next year.In its Thursday announcements, the IRS also increased figures for dozens of other provisions, including federal income tax brackets and long-term capital gains brackets, among others.The IRS announcements came a day after the agency said…
Paul J. Ingrassia, nominee to lead the Office of Special Counsel.Source: DHSPaul Ingrassia, President Donald Trump’s nominee to head the U.S. Office of Special Counsel, was accused of sexual harassment, Politico reported.Ingrassia was investigated in connection with an incident in late July in which he told a lower-ranking female colleague on a business trip that she would be sharing a hotel room with him, Politico reported Thursday, citing five unnamed administration officials.The woman, whom Politico did not name but identified as a Trump appointee, later “discovered that Ingrassia had arranged ahead of time to have her hotel room canceled so…
Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year.Here’s how the company did compared to LSEG estimates:Loss per share: Loss of 7 cents vs. a loss of 13 cents expectedRevenue: $64.2 million vs. $50 million expectedFirst quarter revenue of $64.2 million was up 84% from a year ago, when it reported $34.85 million in revenue.The data center company reported earnings after the bell on Thursday.During the quarter, Applied Digital built on its $7 billion lease agreement with…
Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session. Chunyip Wong | E+ | Getty ImagesU.S. crude oil fell 4% on Friday, after President Donald Trump threatened China with higher tariffs in retaliation for Beijing imposing stricter export controls rare earth minerals.U.S. crude oil dropped $2.53, or 4.11%, to $58.98 per barrel. Global benchmark Brent was down $2.44, or 3.74%, to $62.78 pre barrel. China-U.S. trade relations were thought to be improving slowly, but this latest setback once again raised concerns higher tariffs may slow the global economy and…
