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Westpac Annual Profit Falls Amid Tough Home-Lending Competition
Westpac reported a slight annual profit decline amid fierce home-lending competition but exceeded analyst expectations, highlighting stable credit quality and strong capital reserves.
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Intel surges 22% after $5 billion Nvidia investment
Nvidia invests $5B in Intel to jointly develop chips, boosting Intel shares to their best day since 1987.
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Wall Street banks surge as earnings season kicks off
Wall Street's biggest banks are entering earnings season with strong momentum, driven by higher trading, investment banking activity, and improved lending margins.
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Nvidia briefly reached a capitalization of $4 trillion
Nvidia briefly hits $4 trillion market cap, reinforcing its dominance in AI-driven growth and Wall Street's enthusiasm.
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Gold prices extend decline as dollar strengthens
Gold continued to slide on Wednesday after posting its steepest daily drop since 2020, pressured by a stronger U.S. dollar and profit-taking by investors.
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Berkshire profit rises, cash soars to record
Berkshire Hathaway’s profit rises 34% while its cash reserves hit a record $381.7 billion ahead of Warren Buffett’s retirement as CEO, marking a cautious stance on markets and the end of an era.
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Morgan Stanley profit beats estimates
Morgan Stanley exceeded expectations in the third quarter of 2025, fueled by a strong rebound in dealmaking and robust trading results.
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tesla shares went down 15% just today
Tesla’s stock sell-off accelerated on Monday, with shares of the electric vehicle maker dropping 15%, marking their worst market day since September 2020.
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Global brokerages raise recession odds; J.P.Morgan sees 60% chance
J.P.Morgan has increased its odds of a U.S. and global recession to 60%, as brokerages updated their forecast models amid concerns that tariff-related issues could undermine business confidence and slow down global growth.
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Global Debt Hits Record $324 Trillion
Global debt has hit a new high of $324 trillion, driven by economic challenges and rising liabilities, especially in China, France, and Germany. Emerging markets face record repayment obligations in 2025.
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Tik tok says reports of possible sale to elon musk are 'pure fiction'
TikTok has denied a report suggesting that China is considering facilitating a sale of the app to tech billionaire Elon Musk in order to keep it operational in the U.S. amid potential government action.
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