Dow Industrials Hit Record, Boosted by Strong Earnings
Coca-Cola and 3M led the blue-chip index higher after reporting results.
—-
Japan’s Exports Rebound for First Time in Five Months
Outbound shipments rose 4.2% in September from a year earlier after August’s 0.1% decline.
—-
Fed Model Shows Strong Growth. Is Government Shutdown Distorting Data?
The Atlanta Fed’s Oct. 17 update revealed consumer spending growth ticking up to 3.3% while private investment jumped to 4.4%.
—-
This Blackstone-TPG deal joins over $700 billion worth of private-equity buyouts this year. That’s good news for shareholders.
Private-equity sponsors are stepping up their dealmaking with larger buyouts that have boosted stock prices and advisory fees.
—-
Bonds Are Rallying on Economic Fears. They Have More Gains Ahead.
A cooling job market and U.S. government shutdown have investors running to the safety of Treasuries.
—-
American Corporations Are Crushing It. This Stock Rally Isn’t Just About Tech.
Industrial companies are following banks in topping Wall Street’s earnings forecasts.
—-
Trump Administration to Release Farm Aid Frozen by Shutdown
The Trump administration is planning to release more than $3 billion in aid to U.S. farmers that had been frozen as a result of the government shutdown, as the agriculture sector grapples with the fallout from President Trump’s tariffs.
—-
U.S., China Try to Defuse Tensions. Don’t Bet On Lower Tariffs or Risks.
Analysts are looking to Treasury Secretary Scott Bessent’s planned meeting with Vice Premier He Lifeng in Malaysia this week for assurances that a leader-level meeting is still on track and to keep tariffs from hitting triple-digit levels in November.
—-
Gold Is Crashing-and Taking Newmont Stock With It
Platinum and silver prices are also on the decline.
—-
Canada Inflation Accelerates to Seven-Month High of 2.4% in September
The consumer-price index was above the 2.2% annual inflation economists had expected.
—-
Mortgage Rates Are Slipping. Why That’s Not Sparking Housing Demand.
Buying a house is more costly than before the pandemic, which is keeping demand at bay.
—-
Regulators Promise Eased Rules for Both Stocks and Derivatives
Going public will get easier, and annual meetings will be freed from pesky shareholder proposals, promised Paul Atkins, the U.S. Securities and Exchange Commission chair.
—-
Hiring Has Slowed Down. Government Policies Are the Main Reason.
While the economy added an average of 123,000 jobs a month from January through April, the average fell to 30,000 a month from June through August.
—-
Trump Says Ukraine Summit With Putin Would Be a ‘Waste of Time’
The administration has concluded that Russia is clinging to territorial ambitions that make a peace deal with Ukraine impossible.
