The federal government shutdown, now stretching into its second week, is exacting a steep economic toll on the United States—an estimated $15 billion a day, according to Treasury Secretary Scott Bessent. Speaking in Washington during the IMF and World Bank annual meetings, Bessent warned that the political deadlock in Congress …
Read More »Bank of America Tops Q3 Estimates on Strong Loan Growth and Investment Banking Surge
Bank of America (NYSE: BAC) reported a stronger-than-expected third-quarter performance on Wednesday, buoyed by solid loan and deposit growth, a surge in investment banking activity, and higher interest income — signaling robust momentum across its core businesses despite a challenging macro backdrop. Earnings Beat Across Key Segments The U.S. banking …
Read More »U.S. Futures Rise as Powell’s Dovish Remarks Lift Sentiment; Earnings Season in Focus
U.S. stock index futures climbed on Wednesday, as investors cheered dovish comments from Federal Reserve Chair Jerome Powell and prepared for a fresh wave of corporate earnings reports, including major banks and United Airlines. Market Snapshot By 10:15 GMT (06:15 ET), Dow Jones Futures were up 215 points (+0.5%) S&P …
Read More »Asian Stocks Rebound on Powell’s Dovish Remarks, but Trade Tensions Cap Gains
Asian markets bounced back on Wednesday, recovering from sharp losses earlier in the week as investors drew optimism from Federal Reserve Chair Jerome Powell’s dovish comments suggesting more potential rate cuts ahead. However, gains were tempered by persistent concerns over renewed U.S.-China trade tensions and signs of ongoing economic weakness …
Read More »Wall Street’s Boom Risks a Messy Collision with Main Street
Wall Street’s latest surge appears impressive on paper — but it may also be dangerously detached from the real economy. Big U.S. banks have collectively added more than $238 billion in market value this year, as investors bet these institutions can continue to thrive despite political gridlock, volatile trade conditions, …
Read More »Goldman Sachs’ Q3 Earnings Juggernaut: Why the Stock Dip?
Goldman Sachs Group (GS) delivered an exceptional third quarter in 2025, easily beating analyst expectations, yet its stock took a puzzling dive. The firm reported earnings per share (EPS) of $12.25 and net revenues of $15.2 billion, significantly surpassing forecasts of $11.02 and $14.13 billion, respectively. Despite this blowout performance, …
Read More »U.S. Stock Futures Decline as Trade Tensions Resurface and Investors Await Bank Earnings, Powell Speech
U.S. stock index futures moved lower on Tuesday, signaling a pause in the market’s recent rebound, as renewed concerns over the U.S.-China trade conflict and anticipation ahead of key bank earnings weighed on sentiment. Futures Turn Lower After Monday’s Recovery By 09:44 GMT, S&P 500 futures fell 0.8% (–55 points), …
Read More »Can Wall Street Ignore the Looming Specter of Trade War?
The swift rebound in the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite on Monday, recovering a significant portion of Friday’s trade-war-induced rout, suggests an all-too-familiar pattern: markets discounting political friction as fleeting drama. President Donald Trump’s calming words via social media, hinting at a resolution with …
Read More »U.S. Stock Futures Surge as Trump Softens Trade Rhetoric; AI Momentum, Earnings Season in Focus
U.S. stock futures jumped on Monday, signaling a strong rebound after last week’s selloff, as investors took comfort in a more conciliatory tone from President Donald Trump following his earlier tariff threats against China. By 10:30 GMT, Dow futures had risen 1.0% (433 points), S&P 500 futures gained 1.3% (87 …
Read More »Asian Stocks Fall as U.S.-China Trade Tensions Resurface
Asian stock markets started the week lower on Monday, as investors reacted to renewed trade war fears following fresh U.S. tariff threats and hints of retaliation from Beijing. Despite reassurances from President Donald Trump that relations with China “will be fine,” markets remained on edge while awaiting signs of de-escalation. …
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