—— LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton; Saudi Arabia Faces Fresh Drone and Missile Threats; Federal Agents Search Ilhan Omar’s Home; Sherry-Netherland Owner Sues Over Six Years of Scaffolding; Meta Unveils Muse Wonder AI Model; Bumble Shares Surge 57% on Report of $1 Billion Take-Private Talks; US Pending Home Sales Sink …
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Market Beats | Apple Plans Late-October Launch for First Touchscreen MacBook; Nvidia-Backed Firmus IPO Collapses; Target Denies Working With ICE After New York Shooting Sparks Backlash; SpaceX Buys Wireless Spectrum, Moving Closer to US Mobile Market; US Income Inequality Eases, but Wealth Gap Remains Wide; Delta Cuts Full-Year Earnings Outlook as Fuel Costs Climb
—— LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton 1. LVMH’s Largest Division Slumps as China Weakness Hits Louis Vuitton LVMH’s largest business division suffered a sharper-than-expected decline last quarter, as deteriorating conditions in China and a consumer backlash weighed on its flagship Louis Vuitton brand. Organic revenue at the fashion and leather …
Market Beats | Mpower Financing Curtails Operations as Immigration Crackdown Disrupts Funding; US Mortgage Rates Rise for Seventh Straight Week; New Jersey Suburban Cost Advantage for Families Is Shrinking; SpaceX Seeks $40 Billion Financing for Nvidia Chip Purchase; Porsche Plans 20% Increase in Average Price of Top Models; HSBC Plans Sweeping Job Cuts in UK Wealth Management; Google Launches AI Platform for Creating Video Games with Text Prompts
—— Mpower Financing Curtails Operations as Immigration Crackdown Disrupts Funding; US Mortgage Rates Rise for Seventh Straight Week; New Jersey Suburban Cost Advantage for Families Is Shrinking; SpaceX Seeks $40 Billion Financing for Nvidia Chip Purchase; Porsche Plans 20% Increase in Average Price of Top Models; HSBC Plans Sweeping Job Cuts in UK Wealth Management; …
Market Beats | Paramount Completes $110 Billion Warner Bros. Discovery Deal; Ford Shares Fall 30% From May Peak as Analyst Optimism Persists; US Trade Deficit Widens to Biggest Since Early 2025; S&P 500 Hits Record High on AI Earnings Optimism; McDonald Overhaul Plan Raises Concerns Among Franchisees Over Costs; Distressed Leveraged Loans Surge to Pandemic-Era Levels; US Heating Bills for Oil-Dependent Households Could Rise 21% This Winter
—— Paramount Completes $110 Billion Warner Bros. Discovery Deal; Ford Shares Fall 30% From May Peak as Analyst Optimism Persists; US Trade Deficit Widens to Biggest Since Early 2025; S&P 500 Hits Record High on AI Earnings Optimism; McDonald’s Overhaul Plan Raises Concerns Among Franchisees Over Costs; Distressed Leveraged Loans Surge to Pandemic-Era Levels; US …
Market Beats | US September Job Growth Falls Well Short of Expectations; Citadel Securities Takes Stake in Wolfe Research; Amazon Weighs $8 Billion Nvidia Chip Sale-and-Leaseback; Europe Considers Diesel Stock Release; Tesla Third-Quarter Deliveries Beat Estimates; Nvidia Shares Hit Record, Closing In on $6 Trillion Valuation; Broadcom Banks Prepare $60 Billion AI Chip Financing
—— US September Job Growth Falls Well Short of Expectations; Citadel Securities Takes Stake in Wolfe Research; Amazon Weighs $8 Billion Nvidia Chip Sale-and-Leaseback; Europe Considers Diesel Stock Release; Tesla Third-Quarter Deliveries Beat Estimates; Nvidia Shares Hit Record, Closing In on $6 Trillion Valuation; Broadcom Banks Prepare $60 Billion AI Chip Financing 1. US September …
Market Beats | Goldman Sachs Board Discusses Executive Succession Plan for CEO David Solomon; Wall Street Bullish Consensus Collapses for Netflix; Jefferies Asset-Management Revenue Drops More Than 50%; US Consumer Confidence Falls to Lowest Since 2014; Stocks and Bonds Slide as Inflation and Fed Rate Concerns Persist; Paramount Launches $52 Billion Debt Package for Warner Deal; Apple CEO John Ternus Considers Overhaul to Accelerate Product Development
—— Goldman Sachs Board Discusses Executive Succession Plan for CEO David Solomon; Wall Street Bullish Consensus Collapses for Netflix; Jefferies Asset-Management Revenue Drops More Than 50%; US Consumer Confidence Falls to Lowest Since 2014; Stocks and Bonds Slide as Inflation and Fed Rate Concerns Persist; Paramount Launches $52 Billion Debt Package for Warner Deal; Apple …
Market Beats | AMC Entertainment Launches Multi-Billion Debt Refinancing; Paramount-Warner Settlement Talks Reportedly Include $30 Million Penalty; Three Major Outlets Sue Trump Administration Over White House Access Revocation; Three Major Outlets Sue Trump Administration Over White House Access Revocation; Novo Nordisk Cut 13,000 Jobs in Past Year; AMD Shares Jump, On Track to Close Above $1 Trillion Market Cap; Technical Glitch at Philadelphia ATC Facility Disrupts Flights Across Major New York Airports; Meta’s New AI Agent Muse Tops US App Store and Google Play Charts
—— AMC Entertainment Launches Multi-Billion Debt Refinancing; Paramount-Warner Settlement Talks Reportedly Include $30 Million Penalty; Three Major Outlets Sue Trump Administration Over White House Access Revocation; Three Major Outlets Sue Trump Administration Over White House Access Revocation; Novo Nordisk Cut 13,000 Jobs in Past Year; AMD Shares Jump, On Track to Close Above $1 Trillion …
Market Beats | OpenAI Unveils Misalignment Incident Tracking Framework; CleanSpark Seeks $2.23 Billion Junk-Bond Offering for Meta-Tied AI Infrastructure; US Pending Home Sales Picked Up Slightly in August; US Weekly Jobless Claims Drop to Lowest Since July; CoreWeave Launches $3 Billion Convertible Bond Sale and Shares Offering; China’s US Treasury Holdings Drop to Lowest Since 2008; HSBC Phasing Out $38,000 School Fee Subsidy for New Hires in Hong Kong
—— OpenAI Unveils Misalignment Incident Tracking Framework; CleanSpark Seeks $2.23 Billion Junk-Bond Offering for Meta-Tied AI Infrastructure; US Pending Home Sales Picked Up Slightly in August; US Weekly Jobless Claims Drop to Lowest Since July; CoreWeave Launches $3 Billion Convertible Bond Sale and Shares Offering; China’s US Treasury Holdings Drop to Lowest Since 2008; HSBC …
Market Beats | US Retail Sales Rose 1.2% in August, Showing Consumer Resilience; US 30-Year Mortgage Rates Rise to 6.97%; Novo Nordisk Partners with Anthropic to Speed Up AI-Driven Drug Discovery; Federal Reserve Raises Rates for First Time Since 2023; PwC UK Revenues Fall for First Time in Two Decades; OpenAI Seeks $1.2tn Valuation in Private Funding Ahead of Planned IPO; US House Panel Votes to Hold Apollo Co-Founder Leon Black in Contempt Over Epstein Subpoenas
—— US Retail Sales Rose 1.2% in August, Showing Consumer Resilience; US 30-Year Mortgage Rates Rise to 6.97%; Novo Nordisk Partners with Anthropic to Speed Up AI-Driven Drug Discovery; Federal Reserve Raises Rates for First Time Since 2023; PwC UK Revenues Fall for First Time in Two Decades; OpenAI Seeks $1.2tn Valuation in Private Funding …
Market Beats | US and China Discuss Slashing Tariffs Ahead of Trump-Xi Summit; US Attorney General Todd Blanche Opposes AI Regulation by Prosecution; OpenAI Partners With Rivals Anthropic and Google DeepMind on AI Safety; Iran War Has Cost $38bn So Far, Will Boost US Inflation; US Borrowing Costs Hit Highest Level Since 2007; Radiant and Sapphire Sue Glencore for $2 Billion in Singapore; AI Agents Lied, Stole and Voted to Kill Their Own in Simulation
—— US and China Discuss Slashing Tariffs Ahead of Trump-Xi Summit; US Attorney General Todd Blanche Opposes AI ‘Regulation by Prosecution’; OpenAI Partners With Rivals Anthropic and Google DeepMind on AI Safety; Iran War Has Cost $38bn So Far, Will Boost US Inflation; US Borrowing Costs Hit Highest Level Since 2007; Radiant and Sapphire Sue …