Wall Street’s Q4 earnings season opened on a solid note as JPMorgan Chase posted Non-GAAP EPS of $5.23 on revenue of $46.77B, topping estimates, while BNY Mellon also beat consensus on both the top and bottom lines. Investors will parse net interest income, deposit costs, trading, and reserves across the sector for clues on the rate path and credit quality into 2026.
Source: Seeking Alpha
Silver surges past $90 for the first time; gold nears record as haven demand climbs
Spot silver ripped through $90 to an all-time high while gold approached its peak amid bets on Fed easing and heightened policy uncertainty. In response to the volatility, CME shifted precious metals to percentage-based margining, a move designed to reduce frequent manual adjustments as prices soar.
Source: Seeking Alpha
Global central banks rally around Powell as politics roil the Fed; swipe-fee push hits card networks
Central bankers signaled support for Fed Chair Jerome Powell amid a Justice Department probe that markets view as a test of the Fed’s independence. In parallel, financials saw fresh policy risk after a push to curb credit-card “swipe fees” sent Visa and Mastercard shares lower, underscoring how Washington’s agenda is reshaping rate expectations and payments economics.
Source: Seeking Alpha
AI boom powers chips: Gartner sees +21% sales; Intel and AMD upgraded on sold-out server CPUs
Semiconductor sales jumped 21% year over year, driven by AI demand across data centers, with analysts noting server CPUs are largely sold out for 2026. KeyBanc upgraded Intel and AMD to Overweight, while authorities in China approved some Nvidia H200 sales, highlighting strong global AI momentum despite export frictions.
Source: Seeking Alpha
BP warns of up to $5B in Q4 impairments tied to transition businesses
BP said it will book up to $5B in Q4 charges related to its renewables and low-carbon transition businesses, underscoring the capital intensity and valuation reset underway across Big Oil’s shift to cleaner energy. The charge follows a year of portfolio reassessment as majors balance dividends, buybacks, and decarbonization spending.
Source: Seeking Alpha
Boeing tops Airbus in jet orders for the first time since 2018
Boeing outpaced Airbus in net aircraft orders in 2025, marking a pivotal shift in the duopoly’s competitive dynamics after several challenging years for the U.S. planemaker. Order momentum is a key readthrough for production rates, supply chains, and aftermarket revenues heading into 2026.
Source: Seeking Alpha
China posts record $1.2T trade surplus despite tariffs
China’s trade surplus climbed to a record $1.2T, reflecting resilient exports as shipments were redirected to Africa, India, Europe and Southeast Asia amid tariff headwinds. The surplus adds a new layer to global trade imbalances and currency dynamics as multinational supply chains continue to reorganize.
Source: Seeking Alpha
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