U.S. equities reversed earlier losses after Fed Chair Jerome Powell said the central bank could stop quantitative tightening “soon,” easing fears of liquidity drain. The shift in tone bolstered risk appetite as investors weigh the path of policy rates alongside a cooling economy and a government shutdown that has delayed key data.
Source: Seeking Alpha
Goldman beats Q3, lifts dividend; weighs workforce moves in AI pivot
Goldman Sachs topped third-quarter estimates with revenue up 20% to $15.18B, underscoring a rebound in dealmaking and markets activity; the bank also declared a $4.00 dividend. Separately, reports said management warned staff of potential layoffs and a hiring slowdown as it reallocates investment toward AI initiatives.
Source: Seeking Alpha
Oil hits five-month low after IEA flags bigger supply surplus
Crude prices slid to the lowest since May after the IEA issued an “unusually bearish” outlook, projecting a larger global oil surplus. The move pressures energy shares and inflation expectations, while easing some cost-of-living concerns for consumers.
Source: Seeking Alpha
Boeing wins EU approval for Spirit AeroSystems deal
The European Commission cleared Boeing’s acquisition of Spirit AeroSystems, removing a key regulatory hurdle to reshaping the planemaker’s supply chain following years of quality and delivery setbacks. The approval paves the way for consolidation aimed at tighter production control and long-term cost efficiencies.
Source: Seeking Alpha
Broadcom gets a Street boost on OpenAI pact as AI capex boom builds
Citi turned more constructive on Broadcom after its multi‑year custom silicon and networking deal with OpenAI, highlighting upside from AI accelerators and data center build‑outs. Investor focus remains on power, networking and custom chips as enterprises and hyperscalers ramp multi‑year AI infrastructure spending.
Source: Seeking Alpha
Stripe’s Bridge seeks U.S. bank trust charter to issue regulated stablecoins
Bridge, Stripe’s stablecoin infrastructure unit, applied for a national trust charter with the OCC, aiming to operate under federal oversight and support issuance and custody of regulated stablecoins. The move underscores accelerating convergence between payments giants and blockchain rails as institutions demand compliant digital dollar infrastructure.
Source: American Banker
SEC‑approved 24X exchange launches extended U.S. stock trading; 23/5 next
24X National Exchange went live with weekday trading from 4 a.m. to 8 p.m. ET, the first SEC‑approved venue to push U.S. equities meaningfully beyond regular hours. The operator plans to expand to 23/5 trading in 2026, reflecting growing demand for round‑the‑clock access and creating new competition for incumbents.
Source: Finance Magnates
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