Tesla beats on earnings and sales even as auto revenue declines
Tesla reported better-than-expected third-quarter results.
Top News
Bank of Korea holds rates after back-to-back hikes
AnalysisinvestingLiveOct 21 at 3:52 PM PDT
Bank of Korea expected to hold rates today after two hikes, tightening cycle seen intact
A hold is fully expected, so the market reaction is likely to hinge on the tone of the statement and any signal on the timing of the next hike. A hawkish hold that keeps a further increase firmly on the table would likely support the won and push short-dated Korean government bond yields higher. Any hint that the cycle is nearing its end could weigh on the currency. For equities, a pause offers some relief to rate-sensitive sectors. The semiconductor-led export boom underpinning growth keeps chipmakers at the centre of the market’s growth story. A record-scale current account surplus provides an underlying source of support for the won, even as policy expectations drive day-to-day moves. -The Bank of Korea is expected to catch its breath today rather than call time on tightening, with booming chip exports and stubborn price pressures keeping the next hike in view. Summary: All six econom
More: CNBC, The Korea Times, Investing.com
Nasdaq leads Wall Street gains as SpaceX, Super Micro boost AI sentiment
UK's FTSE 100 pauses as hot inflation report outweighs energy boost
More: Euronews, investingLive, Bloomberg, CNBC, Investing.com
Indonesia Holds Rates in ‘Policy Mix’ to Support FX and Growth
On the map → Indonesia · nickel
More: Reutersopen, The Business Times, Investing.comopen
Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow
PodcastBloomberg EconomicsOct 21 at 3:31 PM PDT
Earnings Special: Meta Boosts Bet on AI With Spending Outlook, New Stock Class
More: Investor's Business Daily, Seoul Economic Dailyopen, Bloomberg, Investing.comopen
RBI MPC Minutes: Governor Sanjay Malhotra ties future hikes to growth-inflation outlook — here is what he said
More: Bloomberg, The Indian Express
SpaceX Spikes As Analysts Hike Stock Targets. $1T Revenue Target 'Not Impossible,' Musk Says
Earnings Special: SpaceX Profit Beats Estimates on Big Jump in AI Revenue
More: SiliconANGLEopen, MarketWatchopen, Reutersopen, Bloomberg, Financial Times, The Wall Street Journal, CNBCopen, The Business Times, Seoul Economic Dailyopen
South Africa consumer inflation rises less than expected in September
More: Bloomberg
Japan Has ¥195 Trillion Inflation Windfall, Ex-BOJ Official Says
AnalysisinvestingLiveOct 20 at 9:40 PM PDT
BOJ policymaker Himino warns of upside inflation risks as Japan nears 2% target
Underlying inflation is quite close to BOJ's 2% target Expect underlying inflation to converge to levels consistent with BOJ's target Medium, long-term inflation expectations continue to heighten Financial conditions remain accommodative Real interest rates remain low Delay in adjusting policy could see inflation risks materialise, hurt the economy Upside risks to prices are high The remarks from BOJ deputy governor, Ryozo Himino, above are not anything that we haven't heard of from the central bank. It mainly juts reinforces the narrative that Japan is getting closer to achieving its long-sought inflation target and that the central bank now has to be careful about letting things run too hot. The most striking part of his comments is arguably the warning about delaying policy adjustments. But even then, there's no explicit hint that they are going to push for another rate hike sooner ra
More: Reutersopen
Indian Oil to trim Middle East oil imports under annual deals amid Iran war
Don Wilson on the GPU Market's Trillion Dollar Question
Prediction markets:
PolymarketStrait of Hormuz traffic returns to normal by October 31
1% · Closes · Quote captured
More: CNBC, Business Standard, Euronews, Investing.com
India-US trade deal may be weeks away, but tariff relief and certainty remain key: GTRI’s Srivastava
AnalysisThe New York TimesOct 21 at 5:00 AM PDT
Trump’s Trade-War Miscalculation
Trump’s foreign policy is predicated on a miscalculation: that other countries will capitulate to his demands. On “The Ezra Klein Show,” Chrystia Freeland, a former deputy prime minister of Canada, explains how Trump’s approach has backfired in his negotiations with Canada and China.
Meta offers Zuckerberg share arrangement tied to potential California wealth-tax departure
Rupee may rise on Jio Platforms IPO inflows, RBI support; oil prices pose risk
Later report: Rupee rises 29 paise to 94.62 against US dollar in early trade Press Trust of India via The Hindu BusinessLine ·
Later report: IMF Urges Currency Flexibility as RBI Mounts Rupee Defense Bloomberg ·
Later report: Rupee closes at six-week high of 94.38 driven by Jio IPO, RBI intervention Press Trust of India via ThePrint ·
Later report: Rupee gains for eighth straight session, longest winning streak in 8 years Business Standard ·
More: FXStreet
More News
Microsoft Research · Oct 21 at 9:00 AM PDT
Seoul Economic Daily · Oct 21 at 2:23 AM PDT
Yonhap News Agency via The Korea Times · Oct 20 at 10:07 PM PDT
Seoul Economic Daily · Oct 20 at 8:57 PM PDT
Earlier
The Guardian · Oct 20 at 6:48 PM PDT
Bloomberg · Oct 20 at 4:00 PM PDT
Reuters · Oct 20 at 9:00 AM PDT
SiliconANGLE · Oct 20 at 5:00 AM PDT
