The Finimize Daily Brief. Get everything you need to know about the day's biggest financial stories and trends, in five minutes or less, plus a regular Q+A with our world-class team of analysts.
China announced a spendy stimulus plan, but skimped on the details, while drought conditions in Vietnam have created a major headache for the country’s coffee growers.
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JPMorgan Chase kicked off banks’ earning season in style, and BlackRock – the world’s biggest investment manager – announced a record-breaking third quarter.
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US inflation in September came in ahead of expectations, potentially forcing the central bank’s hand, while Delta Air Lines predicted a profitable fourth quarter thanks to holiday season bookings.
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Rio Tinto agreed a $7 billion deal to buy Arcadium, eager to become a big player in the lithium market, and chipmaker TSMC smashed through revenue expectations, spurred on by rampant AI demand.
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Chinese investors returned from their holiday week and ruined the stock market’s party, while PepsiCo announced a weaker-than-expected third-quarter update.
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UK house prices rose for the third month in a row, while Tokyo Metro is headed for Japan’s biggest initial public offering since SoftBank.
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The US added more jobs than expected, setting the stage for stocks to rise, while the European Union voted to impose import taxes on Chinese electric vehicles.
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OpenAI made history with its $6.6 billion funding round, while Tesco – the UK’s top supermarket – showed resilience despite a tough environment.
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This earnings season, investors are forecasting S&P 500 companies will deliver profit growth for the fifth consecutive quarter, while Tesla announced a weaker-than-expected quarterly update.
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Increases in oil production could lead to prices falling, according to HSBC, while European inflation eased – setting the stage for interest rate cuts this month.
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Chinese stocks continued to rally thanks to government intervention, while “merger Monday” this week had its share of blockbusting winners and (hashtag) losers.
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Investors have pushed a record $6.8 trillion into US money market funds, while Japan’s surprise leadership result sent a shock through the country's stock market.
Today’s stories:
OpenAI started pushing to become a for-profit company, and key execs left the building the very same day, while China’s stock market rally continued – thanks to the country’s announcement of support …
Consultancy firm Bain predicted that the global AI market could reach $1 trillion by 2027, while design platform Canva has drawn up plans for an initial public offering.
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News of financial support brought about China’s biggest stock rally in over four years, while the US green agenda has been circling the drain – and November’s elections could pull it under completely…
Qualcomm sidled up to Intel in what could become the tech industry’s biggest-ever takeover, while the eurozone’s private sector dropped off by more than expected – dashing hopes of a recovery across …
The biggest US money managers pared back their approvals for ESG proposals, while the UK’s national debt added up to 100% of the country’s economic output for the first time in over six decades.
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Demand for the most expensive Swiss watches picked up while “cheaper” timepieces fell behind, and India’s runaway stock market just propelled the country past China in a major benchmark index.
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Three big-name firms teamed up to build a fund focused on AI investments, and they’re set on raising $30 billion, while UK inflation stayed slightly above the Bank of England’s 2% target in August.
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Intel announced major cost cuts and restructuring plans, while US retail sales defied pessimistic predictions by picking up in August.
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