Trump Keeps Pickaxe Mountain Strike Live as US Crude Holds Near $97
Trump ruled out nuclear weapons and US ground troops on Iran but left a Pickaxe Mountain strike on the table. With US crude near $97 and Hormuz tanker attacks rising, the real question is whether the pre-midterm pause holds.
Dell Slumps 17% in Two Days as Barclays Cuts to Equal Weight
Barclays cut Dell to equal weight and trimmed its target to $574, arguing memory prices rather than enterprise AI demand are inflating hardware revenue. Two days and 17% later, the market is still voting with its feet.
TSMC Beats, Barclays Cuts Dell: AI Demand Splits Two Ways
TSMC lifted its outlook as AI demand outran supply, while Barclays cut Dell, HPE and NetApp on weak enterprise orders. The same week produced two opposite AI signals — and the difference is who each company sells to.
Moody's Cuts Nike Outlook to Negative as China Sales Slump 26%
Moody's changed Nike's outlook to negative on a longer turnaround, not tariffs, and Greater China revenue fell 26% in constant currency. The rating holds at A2, but the timetable for recovery now runs into fiscal 2028.
Warsh in Bangkok After Hot CPI: Is a Second Fed Hike Coming?
Warsh speaks in Bangkok at 03:30 GMT after September CPI beat forecasts and lifted two-year yields. The FOMC meets 27-28 October, and his framing of fuel-driven inflation is the last major input before that decision.
NZ Card Spending Falls 0.4% as Food Prices Hold Flat
New Zealand card spending fell 0.4% in September, a second straight monthly drop, while food prices held flat. The split against a strong manufacturing survey leaves the October RBNZ decision genuinely open.
Moody's Cuts Nike Outlook to Negative, Sees FY28 Decline
Moody's affirmed Nike's A2 rating but pushed the recovery into fiscal 2028, putting a clock on the turnaround. NKE traded at $37.14, up 5.12%, the same day the outlook went negative.
TSMC Profit Jumps 70% on AI Demand, Margin Outlook Sinks Shares
TSMC's net profit rose nearly 70% to about NT$763 billion, beating the top of its own guidance range. But a fourth-quarter gross margin guide of 65% to 67% and a $60 billion-plus capex plan told investors the AI boom has a bill attached.
New Zealand PMI Jumps to 56.5, 15th Month of Expansion
New Zealand's manufacturing PMI jumped 3.2 points to 56.5 in September, a 15th straight month of expansion. But more than half of the firms surveyed sounded negative — and the reason sits outside the index.
Hammack Says Fed Not Tight Enough, Backs October Hike Case
Hammack says financial conditions do not look restrictive, days after the Fed lifted rates to 3.75%-4.00%. That one line keeps a second hike live for 27-28 October, and it runs through fuel costs.
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Start TradingDow Jumps 557 Points as Nasdaq Erases 384-Point Plunge
The Dow closed up 557 points while the Nasdaq Composite clawed back 404 points from its session low. The Nasdaq 100 still finished red, and Nvidia's defense of a key support zone is the level traders are watching next.
Bailey Speaks in Bangkok as GBP Braces for 5 November Hike
Bailey speaks in Bangkok at 02:00 GMT with Bank Rate at 3.75% and markets almost fully priced for a 5 November hike. The real variable is Brent, not the speech.
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