Category: Top Story

The trading week ahead begins under the shadow of a prolonged U.S. government shutdown, which continues to delay key economic reports, including the crucial nonfarm payrolls data. Meanwhile, the U.S. Supreme Court is set to hear arguments on the legality of former President Donald Trump’s sweeping tariffs, while investors await quarterly results from Advanced Micro…

Berkshire Hathaway (NYSE:BRK.B) posted robust third-quarter earnings, showcasing the resilience of its core insurance operations and conservative financial strategy. Analysts pointed to the company’s impressive cash generation and improved underwriting performance as key drivers behind the results. The conglomerate’s cash reserves surged to a record $381.7 billion, up from $277 billion a year earlier, while…

South Korea’s Samsung SDI has reportedly entered into a major supply agreement with Tesla (NASDAQ:TSLA) to provide more than ₩3 trillion (approximately $2.11 billion) worth of Energy Storage System (ESS) batteries over the next three years, according to a report published Monday by the Korea Economic Daily. The newspaper cited an unnamed industry source, noting…

The U.S. dollar edged higher on Monday, staying close to a three-month high as investors awaited private sector reports that could offer new clues about the health of the U.S. economy. By 04:15 ET (09:15 GMT), the Dollar Index — which measures the greenback’s value against a basket of six major currencies — rose 0.1%…

Oil prices edged higher on Monday after OPEC+ announced it would delay production hikes scheduled for the first quarter of next year, a move that helped calm fears of oversupply. However, lackluster manufacturing data from major Asian economies limited the rally. As of 07:22 GMT, Brent crude futures were up 28 cents, or 0.43%, at…

Gold prices edged up in early Asian trading on Monday, though the precious metal remained under strain after two consecutive weeks of declines. Lingering uncertainty over future U.S. interest rate cuts and easing global trade tensions continued to dampen safe-haven demand. Spot gold was up 0.4% at $4,017.13 an ounce by 01:19 ET (06:19 GMT),…

Analysts at Bank of America said they remain constructive on the long-term performance of equities, pointing to better operational efficiency, healthier balance sheets, and what they describe as “a higher quality corporate sector than prior cycles.” In a note published Monday, strategist Savita Subramanian told investors that the bank’s U.S. Regime Indicator “barely extended its…

Wells Fargo is forecasting a broad-based rally in risk assets into the end of 2025, predicting multiple market tailwinds will align to push equities higher. The bank sees the S&P 500 reaching 7,100 by year-end, citing seasonal strength, AI-driven capital expenditure, fiscal catalysts, and consumer stimulus. In a note led by Ohsung Kwon, analysts said…

A surge in short positioning around the current S&P 500 level has created “a dangerous cocktail for right tail, or squeeze, risk,” according to a note from the trading desk at Goldman Sachs. As of October 22, the median S&P 500 stock had short interest equal to 2.3% of market capitalization, wrote John Flood, citing…