Michael Reeves
Coinbase Posts $719 Million Q3 Profit, Largely From Crypto Valuation Gain
Coinbase returned to profit in the third quarter of 2026, beating analysts' loss forecast despite a 35% year-over-year revenue decline. A $715 million gain on investment crypto holdings accounted for most of its $719 million net income; excluding that...
Justin Wolfers Challenges Trump's $21 Trillion Investment Boast
Economist Justin Wolfers criticized President Donald Trump's claims about foreign investment, arguing that factories owned by overseas companies provide U.S. jobs while sending profits abroad. Trump's latest boast puts investment at $21 trillion, compa...
AI Spending and Bond-Market Risks Test Copper's Role as a Growth Gauge
The AI investment boom is changing what copper prices signal about the economy, according to Stephen Innes in The Dark Side of the Boom. Demand from data centers and related infrastructure is tying the metal more closely to technology stocks, while the...
Treasury Yields Swing as Fed Holds Rates; U.S. Stocks Edge Higher
The Federal Reserve left interest rates unchanged on October 28 despite two votes for an increase, sending Treasury yields sharply higher before they reversed course. U.S. stocks finished Wednesday with modest gains as traders scaled back expectations...
India Approves 2025-26 Ad Hoc Bonus of Up to ₹6,908 for Eligible Government Personnel
India's central government has authorized a bonus equivalent to 30 days' emoluments for eligible employees for the 2025-26 financial year, including qualifying Armed Forces and Central Paramilitary Forces personnel. The Ministry of Finance's calculatio...
Healey Faces Borrowing Pressure Ahead of First UK Budget
John Healey will deliver his first Budget as UK chancellor on Wednesday, October 28, 2026, after borrowing for April through September exceeded the official forecast by £6 billion. His spending commitments come as debt interest absorbs a growing share...
J.P. Morgan Leads 2016 All-Europe Fixed-Income Research Ranking
J.P. Morgan secured its sixth consecutive win in Institutional Investor's 2016 All-Europe Fixed-Income Research Team ranking, increasing its total to 20 team positions from 14. Bank of America Merrill Lynch finished second overall but led in sector vic...
Lufthansa plans A350 transfers to TAP after 2030 under proposed stake deal
TAP Air Portugal would receive up to eight Lufthansa Group A350-900s after 2030 under plans accompanying the German airline group's proposed investment in the carrier. Portugal selected Lufthansa as TAP's strategic partner on October 14, 2026; the init...
Boeing's Irish unit warns of airline financial risks as fuel costs rise
War in the Middle East, other geopolitical tensions and trade tariffs are clouding the financial outlook for some airlines and regions, Boeing's Irish unit has warned. European carriers are reducing winter flying as they contend with high fuel costs.
Breville, Catapult and SiteMinder: Global growth draws broker buy ratings
Breville, Catapult Sports and SiteMinder have each won a broker buy rating as they expand internationally and sell more to existing customers. Their fiscal 2026 results show revenue growth across all three businesses, but different levels of progress o...
A Daughter's Tax Question Puts Her Parents' $1.6 Million IRA Strategy Under Review
A retired operations manager, 68, and his wife, 66, pay about $16,000 a year for investment advice on their $1.6 million in traditional IRAs. But a review of their tax returns by their CPA daughter raised a planning question: Should they convert some s...
GM Approves $20 Billion Buyback as Brownstown Plant Closure Is Confirmed
General Motors authorized another $20 billion in share repurchases on October 20, the same day its Brownstown battery plant was confirmed for closure in summer 2027. The multiyear buyback comes as GM cuts jobs and production capacity across its North A...
South Korea's Youth Future Savings second-round applications close Oct. 16 with expanded benefits planned
The Financial Services Commission will close second-round applications for Youth Future Savings on Oct. 16, with account opening scheduled for Nov. 16-27. The government plans to increase preferential contribution rates and expand eligibility in 2027....
Ralph Lauren Stock Holds at Premium Valuation as Cash Generation Remains Steady
Ralph Lauren shares trade near intrinsic value after five-year surge of 248.6%, with investors weighing the fashion house's ability to sustain cash flows against a current price of $375.27 per share....
Sun International to bar social grant recipients from online betting platform amid regulatory pressure
Casino operator Sun International plans to block social grant and NSFAS recipients from accessing its Sunbet platform, relying on self-declaration amid industry concerns about protecting vulnerable players and competing with illegal offshore operators....