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Finance

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Markets, banking, corporate finance, and the institutions moving capital.

File photo of the New York Stock Exchange building and a Wall Street street sign, contextual image for the market sell-off
Finance

Wall Street Ends October With Its Worst Day Since June as Amazon and Intel Reignite AI Spending Doubts

The Nasdaq fell 2.9% and the S&P 500 1.8% on 30 October, but gains in energy and staples show investors are repricing AI spending, not leaving equities.

·5 min read
Contextual file photo of the entrance to the historic American Express Company Building at 65 Broadway in Manhattan
Finance

American Express to Cut 5% of Staff, About 3,500 Jobs, as It Raises 2026 Profit Guidance

The card issuer paired record third-quarter revenue of $20.06 billion with a restructuring charge and a headcount cut, and shares fell as rewards and marketing costs outran expectations.

·5 min read
Contextual file photo of 200 West Street, the Lower Manhattan headquarters tower of Goldman Sachs
Finance

Goldman Sachs Q3 Profit Hits $5.29 Billion on 72% Equities Surge as JPMorgan Misses Estimates

Goldman Sachs beat forecasts on record-scale equities financing and trading, while JPMorgan, Citigroup and Wells Fargo gave a more mixed read on how higher rates are affecting big banks.

·5 min read
Contextual file photo of a house with a for-sale sign in Ewing Township, New Jersey
Finance

Mortgage Rates Hit 7.40%, Deepening the Lock-In Squeeze on U.S. Housing

The 30-year rate has risen seven straight weeks to its highest since November 2023, pricing out buyers and giving owners with cheap loans little reason to sell.

·5 min read
Contextual file photo of the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.
Finance

Treasury Yields Retreat From 24-Year High as Fed Hike Debate Persists

The 10-year yield reached 5.35%, its highest since 2002, before a weak jobs report and solid auctions pulled it back, leaving the Fed's next move to oil and labor data.

·5 min read
THE COLDAI TIMES
Finance

Buffett’s Berkshire Exit Tests the Post-Oracle Era

Warren Buffett’s move to chairman emeritus makes succession official, shifting investor attention from personality to Berkshire’s capital-allocation machine.

·3 min read
THE COLDAI TIMES
Finance

BOJ Rate Hike Tests the Global Inflation Trade

Japan’s move to a 31-year-high policy rate tightens global financial conditions and challenges investors still positioned for cheap yen funding.

·5 min read
THE COLDAI TIMES
Finance

J.B. Hunt Warning Tests the Freight Recovery

A sharp cost-driven profit warning from J.B. Hunt is forcing investors to reassess whether freight demand can outrun labor and fuel inflation.

·3 min read
THE COLDAI TIMES
Finance

Fluence Guidance Cut Tests U.S. Battery-Storage Economics

A Houston manufacturing delay turns a strong-demand story into a cash-conversion test for Fluence and the broader U.S. storage market.

·5 min read
THE COLDAI TIMES
Finance

India’s UPI Fee Shift Tests the Economics of Free Payments

A new merchant fee begins October 15, preserving free consumer transfers while forcing India’s dominant payment rail to prove it can fund growth.

·3 min read
THE COLDAI TIMES
Finance

OpenAI’s Funding Talks Test the Ceiling of AI Valuations

A possible pre-IPO round above $1.2 trillion would validate investor appetite while exposing how much frontier AI still depends on capital.

·5 min read
THE COLDAI TIMES
Finance

Altera IPO Filing Tests Appetite for AI Chip Infrastructure

The Intel- and Silver Lake-backed FPGA maker has begun the U.S. listing process, but its valuation and offering size remain unresolved.

·3 min read