BREAKING: China's President Xi has made statements with Trump: Our trade teams have reached a basis for consensus
President Xi emphasized that there is a good momentum in China’s economic development.
Read more: https://t.co/m4LiE04xyb
Fed's Powell: The labor market is not clearly declining quickly.
Powell has said that tariffs are pushing up inflation
Read more: https://t.co/mcR7342CQn
China pitches greater regional integration at the ASEAN summit at Kuala Lumpur
Timor-Leste became the 11th member of the Association of South-East Asian Nations (ASEAN) in its first expansion since 1999. The regional economic and trade grouping was first formed in 1967.
BREAKING: Powell says AI is not the same as the dot-com bubble.
Fed's Powell: December cut is not for sure, far from it
Read more: https://t.co/22uYP5kTiO
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Unusual Whales is having a Halloween sale on our financial software!
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BREAKING: Powell has said that tariffs are pushing up inflation.
Powell said earlier readings showed economic growth running stronger than expected, supported by resilient consumer spending.
Read more: https://t.co/mcR7342CQn
BREAKING: Fed's Powell: December cut is not for sure, far from it.
The Federal Reserve policymakers announced a quarter percentage point, or 25 basis point, cut to its overnight lending rate on Wednesday, bringing the benchmark rate to a targeted range of between 3.75% to 4%. The vote was 10-2.
Read more: https://t.co/8vpbIuWN4P
BREAKING: China buys three U.S. soybean cargoes ahead of Trump-Xi meeting, per Reuters
Bloomberg’s Hallie Gu and Alfred Cang reported that “grains traders have been optimistic that China and the US would reach an agreement this week on agricultural products, prompting a rise in soybean prices in Chicago."
Read more: https://t.co/CpTUq1Oudu
Honda has suspended car production in Mexico on Tuesday. It is unclear when operations will resume. The suspension stems from a shortage of parts linked to tensions between the Netherlands and China over Nexperia, a Dutch semiconductor maker owned by Chinese investors.
https://asia.nikkei.com/business/automobiles/honda-halts-production-in-mexico-due-to-chip-shortage
"CO2 growth rates have now tripled since the 1960s, and reached levels not seen in at least 800,000 years," per the UN
Emissions from burning coal, oil and gas, alongside more wildfires, have helped fan a “vicious climate cycle," the WMO report said.
Read more: https://t.co/1NkkagiAgR
HALLOWEEN SALE
Unusual Whales is having a Halloween sale on our financial software!
30% off the first year!
Come join our Discord of traders, build out your dream trading data dashboards, and don't get spooked by the market this year!
Join here: https://t.co/Bt7O2yQUJ6
BREAKING: General Motors, $GM, announces more than 200 layoffs.
That is more than 170,000 layoffs this month, per Reuters.
For example, United Parcel Service announced on Oct. 28 that it has reduced its workforce by 48,000 employees so far this year, with the majority of cuts coming from its operational staff.
Read more: https://t.co/YyPZUHIAWJ
NVIDIA, $NVDA, marketcap equals 16% of the US GDP.
It has a larger market cap than all the banks in US and Canada combined.
JUST IN: Amazon, $AMZN, is having issues and may be down for some in the US.
Yesterday, it announced it was cutting up to 30,000 corporate jobs.
Amazon, AMZN, the second largest employer in the US, aims to replace more than half a million jobs with robots
Read more: https://t.co/S7b2T3b198
Long term performance of stocks vs housing, per WSJ:
Gold could hit $5,000 in 12-18 months, Bank of America $BAC, has said
BREAKING: Apple $AAPL earnings
EPS $1.85 vs $1.75 expected
Revenue $102.5B vs $101.78B expected
Did you long Apple $AAPL into earnings?
You can see a full financial breakdown, as well as earnings and options breakdown, at Unusual Whales.
Check here for $AAPL data: https://t.co/Vvsl7hiAWo
BREAKING: Apple $AAPL earnings
EPS $1.85 vs $1.75 expected
Revenue $102.5B vs $101.78B expected
Cloudflare $NET earnings:
EPS 0.27 vs 0.23
Revenue 562M vs 544M
Link to LIVE earnings: https://t.co/L0ckraBLY2
MicroStrategy $MSTR earnings:
EPS: $8.42 vs $9.67 expected
Revenue $128.69M vs $116.93M
Link to earnings: https://t.co/L0ckraBLY2
JUST IN: Coinbase $COIN earnings:
EPS 1.50 vs 1.17 expected
Revenue $1.869B vs $1.80B
Link to LIVE earnings: https://t.co/L0ckraBLY2
Cloudflare $NET earnings:
EPS 0.27 vs 0.23
Revenue 562M vs 544M
Link to LIVE earnings: https://t.co/L0ckraBLY2