Euro dips further as French central bank chief warns the country risks being ‘strangled by interest rates’ – business live
Euro extends last week’s 1.2% drop amid French debt fears and political uncertainty in Europe
Markets
House China committee chair urges Fed to review Hong Kong’s access to dollar lifeline
Rep. John Moolenaar wants the Fed to rethink Hong Kong’s access to a dollar-liquidity facility as China promotes the renminbi as a global currency.
Stocks Settle Higher as Big Tech Rallies
The S&P 500 Index ($SPX ) (SPY ) closed up by +0.66% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.87%. December E-mini S&P future…
Trump allows cheaper, dyed diesel on highways to blunt historic fuel-cost spike ahead of midterms
President Donald Trump has allowed the use of cheaper red-dyed diesel, typically reserved for farm operations, to be used more broadly in an attempt to bring down record-high fuel costs.
How quant funds beat the market by being 'early, contrarian and right'
Quantitative hedge funds have captured big trends in bonds and oil to outperform the stock market this year.
Little room for ‘giving and taking’: India’s finance minister confirms trade impasse with the U.S.
India's Finance Minister Nirmala Sitharaman said trade talks with the U.S. had reached a plateau, adding to growing skepticism around a deal between New Delhi and Washington.
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
Cotton Bulls Put on a Rally on Monday
Cotton futures were higher to start the week, with contracts closing 103 to 222 higher across the board. Crude oil was $1.81 per barrel lower on the session, with the US dollar index back up $0.178. The weekly Crop Prog…
Pentagon says Trump approves Army firing squad execution of Fort Hood killer Nidal Hasan
The Pentagon on Monday evening said that President Donald Trump has approved a recommendation by Defense Secretary Pete Hegseth to have convicted Fort Hood mass killer Nidal Hasan executed by a U.S. Army firing squad.
Corn Holds Steady to Begin the Week
Corn futures closed out the Monday session with contracts down ½ cent in nearby December, steady in other front months and fractionally to a penny higher in the deferreds. The CmdtyView national average Cash Corn price …
Trump offers U.S. help to Russia after plague death; WHO assesses the situation as low risk
U.S. President Donald Trump has offered to help Russia after a laboratory worker died following an illness at a plague research institute in Siberia, while the Russian authorities said the situation was under control.
‘The pain was excruciating’: A friend in her 80s fell down her basement stairs. Could it have been avoided?
“She developed pleural effusion — fluid between the lungs and ribs — compressing her lungs and making it hard for her to breathe.”
Trump says he'll pay for TV ads that praised him and which government funded
President Donald Trump said Monday evening that he and his political action committee will pay for controversial television ads that praised him, and which reportedly were funded from up to $20 million set aside by the …
Euro Weakness and Higher T-Note Yields Boost the Dollar
The US and Japan coordinated on the biggest currency market intervention in 15 years, helping to stabilize a weakening yen. Karen Fishman, senior FX strategist in Goldman Sachs Research, and Praneet Shah, global head of…
Lucid's Q3 deliveries fall 6.7% as EV maker cuts production to align with demand
Lucid delivered 3,806 EVs and produced 2,954 vehicles during the third quarter. That compared with 4,078 deliveries on production of 3,891 vehicles a year earlier.
This rare stock-market divide means an elevated chance of a big surge — or a deep plunge
There’s a huge and rare divergence between the two-month returns of the Nasdaq and Dow Jones Industrial Average.
Nokia CEO says data centers would be built '2x faster' without supply constraints
The Nokia CEO's comments underscores continued demand for AI even as top executives debate slowing down the pace of development.
This new AI model could help America close a technological gap with China
Nvidia-backed Reflection AI announced Beam, a new ultra-efficient open model that boasts capabilities on par with those of Chinese ones
SpaceX stock climbs to highest since June, returning Musk to trillionaire status
SpaceX shares have bounced almost 60% off their low in early August, boosted by the company's AI business and Starship progress.
Russian gold floods Hong Kong as Western sanctions redraw bullion trade
Russian gold is pouring into Hong Kong at a record pace, highlighting how Western sanctions have rerouted bullion bound for London toward China and other Asian markets.
Mattel investor Ariel pushes for sale as turnaround stalls
Oct 5 (Reuters) - A major Mattel shareholder urged the Barbie maker on Monday to explore a sale, saying progress in its performance and profitability had stalled, according to a letter seen by Reuters.
Western Digital and Seagate shares bounce back as analysts downplay the Toshiba threat
Even if Toshiba doubles its capacity, analysts say it has a ways to go to catch up with Western Digital and Seagate
Microsoft’s blazing stock comeback isn’t even close to being over, analyst says
Microsoft looks like a winning play in an environment where investors are looking for safer bets on the AI trend, according to Melius Research.
The case for Nvidia’s stock to march even higher after clinching its first record high in months
Analysts highlight the stock’s cheap valuation and the chip maker’s central role in the AI ecosystem.