Jack of All Trades
Goldman Sachs posted its second-best quarter ever as equities surged 72%. JPMorgan missed on EPS with rising credit costs. Citi hit its best Q3 revenue in a decade. UnitedHealth’s medical care ratio improved to 88.4%, while Johnson & Johnson raised its full-year sales guide to $101.2B.
Trade Secrets
I bet you didn’t know there was such a season. Neither did I! I don’t think the Stock Market Almanac lists such a season. Here we are 10 days away from the end of graveyard season but 17 days from the Israeli election and just a week later is our election.
What in the World!
For much of the modern financial era, the dominant assumption underlying economic growth was that capital represented the principal constraint on expansion. If sufficient financing could be assembled, productive capacity would eventually follow
Yes, he was cavalier. Yes, he seemed unaware of the dissonance between his views and that of his employer. And yes, he has gotten his comeuppance. But those aren't the reasons I'm still thinking about the McKinsey & Co. senior partner who got into a heated debate last week with the author of a new b
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Why smaller powers are thwarting bigger ones
If AI agents come to rely on US transaction infrastructure and dollar-denominated assets, the dollar will become embedded in the operating system of machine commerce. The post When AI agents become economic actors, what happens to money and the financial system? appeared first on Atlantic Council.
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Yemen fighting overwhelms hospitals, cuts aid to 800,000 people, relief agencies say Reuters
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Streaming group faces pressure to boost viewer engagement after shares fall more than 40% in a year
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Yemen's Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit Reuters
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Exchange discussed putting legal tech unit into separate entity before valuations fall