Finance

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Amazon stock soars as Apple forecasts record holiday quarter Reddit and Coinbase rise amid strong earnings week

Amazon stock soars as Apple forecasts record holiday quarter, with Big Tech earnings lifting markets amid strong Q3 results.

NEW YORK — Amazon shares climbed sharply Thursday after the e-commerce giant posted better than expected third quarter results, while Apple’s chief executive predicted the company’s best ever holiday quarter.  The upbeat tone from Big Tech helped lift investor sentiment, with Reddit and Coinbase also advancing as markets entered the busiest stretch of the third … Read more

Boeing 777X Delay: Aerospace Giant Takes $5 Billion Hit as Delivery Pushed to 2027

Boeing 777X aircraft taking off under cloudy skies, showcasing the jet’s blue and white livery and advanced widebody design.

Boeing Co. has announced another major setback to its long delayed 777X aircraft program, taking a nearly $5 billion charge and pushing the first delivery to 2027.  The move adds to a series of financial and operational blows for the planemaker as it struggles to stabilize production and regain investor confidence after years of disruptions. … Read more

Trump expects to sign China trade deal at Xi summit

President Donald Trump and Chinese President Xi Jinping shake hands at the APEC Summit in Gyeongju, signaling progress toward a China trade deal.

GYEONGJU, South Korea — President Donald Trump said Wednesday he expects to sign a long awaited trade deal with Chinese President Xi Jinping during their meeting at the Asia Pacific Economic Cooperation (APEC) Summit, raising hopes of a breakthrough in one of the world’s most consequential economic relationships. “President Xi of China is coming tomorrow … Read more

Microsoft’s 27% OpenAI Stake Redefines the Future of AI Investment and Innovation

Close-up image showing Microsoft and OpenAI logos side by side, symbolizing Microsoft’s 27% OpenAI stake and strategic AI partnership.

Microsoft Corp. has taken a $135 billion stake in OpenAI, giving the tech giant roughly 27 percent ownership in the artificial intelligence company.  The move, formalized through a new agreement between the two firms, underscores Microsoft’s long term bet on artificial intelligence and signals a deepened alignment between two of the most influential players in … Read more

PayPal Q3 Earnings Beat Expectations as Revenue Climbs 7.3%, Stock Surges Nearly 15%

PayPal headquarters exterior view after strong Q3 earnings report showing revenue growth and stock surge.

SAN JOSE, Calif. — PayPal Holdings Inc. reported third quarter results that surpassed Wall Street expectations, sending its stock soaring nearly 15 percent in after hours trading.  The digital payments giant posted revenue of $8.42 billion for the quarter ended September 30, a 7.3 percent increase from the same period last year.  Non GAAP earnings … Read more

Huntington Bancshares Cadence Bank deal creates $276 billion regional banking powerhouse

Exterior view of Huntington Bancshares and Cadence Bank headquarters, symbolizing the $7.4 billion Huntington Bancshares Cadence Bank deal in 2025

WASHINGTON — Huntington Bancshares announced Monday that it will acquire smaller rival Cadence Bank in an all stock transaction valued at $7.4 billion, marking one of the year’s most significant regional bank mergers.  The move reflects a growing trend among mid sized US lenders to build scale, diversify geographically, and strengthen financial resilience amid rising … Read more

Dow, S&P 500, Nasdaq futures rise ahead of Fed decision, Big Tech earnings, and Trump-Xi meeting

Dow, S&P 500, and Nasdaq futures rise ahead of key Fed decision and Trump-Xi meeting, reflecting market optimism.

US stock futures advanced Monday morning as investors positioned themselves for a pivotal week filled with market moving events including a Federal Reserve policy meeting, quarterly results from Big Tech giants, and an anticipated summit between former President Donald Trump and Chinese President Xi Jinping. Futures tied to the Dow Jones Industrial Average gained roughly … Read more

China industrial profit growth hits 21.6% in September, strongest surge since 2023

Chinese factory workers assemble high-tech equipment inside a modern manufacturing plant in Shanghai, reflecting strong China industrial profit growth in September 2025.

BEIJING — China industrial profit growth accelerated sharply in September, rising 21.6 percent from a year earlier the biggest increase in nearly two years, according to data released Monday by the National Bureau of Statistics (NBS).  The surge follows a 20.4 percent gain in August and signals that Beijing’s campaign to stabilize factory margins is … Read more

Nigeria refinery expansion set to make Dangote plant the world’s largest oil producer

A panoramic view of the expansive Nigeria refinery complex under a golden sunset, showcasing tall distillation towers, pipelines, and storage tanks in Lagos.

LAGOS, Nigeria — Nigeria’s Dangote oil refinery, already the largest in Africa, is planning an ambitious expansion that could make it the biggest oil refinery in the world within three years, according to its owner, billionaire industrialist Aliko Dangote. “We are more than doubling the barrels per day from 650,000 to 1.4 million,” Dangote said … Read more