News Powered By AI
News Powered By AI
Escalating U.S.-Iran military tensions rekindled concerns about oil price impacts on the economy, though stock markets showed resilience with the S&P 500 near record highs despite rising energy costs.
Bank of America shares fell nearly 5% after the bank reported a $1.2 billion regulatory penalty and revenue miss driven by weak trading operations in the third quarter.
Morgan Stanley’s third-quarter profit rose 6.5% to $4.91 billion as equities trading revenue surged 41% to $5.8 billion, beating expectations by $909 million.
French supermarket giant Carrefour’s shares plunged 14% after the company cut its full-year profit forecast, citing unprecedented social unrest and security concerns affecting consumer spending and store operations.
ASML reported third-quarter profit exceeding expectations and noted customer interest in placing orders for 2029 and 2030, with supply constraints expected through 2028.
TSMC reported record third-quarter profit for a sixth consecutive quarter, driven by surging demand for AI chips, with revenue guidance pointing to 58% year-over-year growth at midpoint.
