Financial Summary: Friday, October 24, 2025

Applied Materials announces a 4% workforce reduction, citing automation and geographic shifts as key factors.

Apple begins shipping AI servers from Texas, emphasizing its commitment to U.S. manufacturing.

Disney warns that ESPN and other networks may be removed from YouTube TV, potentially impacting subscribers.

Pop Mart's shares plummet 25% despite a significant increase in Q3 sales, raising concerns about future demand.

Reliance Retail launches JioMart in the quick commerce market to compete with established players.

Colgate-Palmolive India reports a 17% decline in Q2 net profit, leading to a drop in shares.

Intel shares surge 7.8% following aggressive cost-cutting measures and strong quarterly profits.

Ford announces the end of production for the F-150 Lightning due to market underperformance.

SBI Cards reports a 10.15% increase in net profit for Q2, boosting investor confidence.

Hindustan Coca-Cola Beverages sees a 73% drop in net profit for FY2024-25 amid revenue decline.

Utkarsh Small Finance Bank plans to raise Rs 949 crore through a rights issue, boosting its stock by 20%.

Deckers Brands' stock falls over 12% following a disappointing fiscal Q2 outlook for its HOKA and Ugg brands.

IBM's stock rallies near record levels after positive reactions to its quantum report and Q3 earnings.

AMD's stock surged nearly 8% following news of a partnership with IBM for quantum computing error correction.

Grindr received a buyout offer from two board members valuing the company at nearly $3.5 billion.

Retail leaders anticipate a shift in consumer behavior for the upcoming holiday shopping season.

The trend of the 'eat-at-home economy' continues to rise as consumers prefer dining at home for comfort and cost savings.

Indian stock markets closed higher for the sixth consecutive day, fueled by optimism over US trade negotiations.

Goldman Sachs launched a new ETF to meet rising investor demand for private equity returns.

US stocks opened higher as inflation data came in softer than expected, raising hopes for Federal Reserve rate cuts.

Oil and gas stocks rose sharply as crude prices surged over 5% following US sanctions on Russian oil producers.

The annual inflation rate in the US fell to 3.0% in September, boosting market optimism and contributing to a record high for the S&P 500.

Ford's shares surged by 12% after a strong earnings report, adding to the overall market rally.

Anthropic and Google Cloud have finalized a deal to enhance AI chip capabilities for the Claude chatbot.

Microsoft's AI chief announced the company will not develop chatbots for adult content, distancing itself from OpenAI's offerings.

OpenAI has acquired Software Applications Incorporated to enhance its capabilities with the addition of all 12 employees.

OpenAI's new Sora 2 video generation app has gained viral attention, posing a competitive threat to Meta's dominance in social media.

Intel's CEO highlighted that artificial intelligence is a key driver for sustainable long-term growth during the company's earnings report.

Indian exporters in IT and textiles saw a stock surge amid optimism for a potential India-US trade pact that could lower tariffs.

The Reserve Bank of India is reviewing measures to enhance the efficiency of international money transfers for remittances.

The Defence Acquisition Council approved capital acquisition proposals worth Rs 79,000 crore to bolster India's military capabilities.

Defence stocks, including BDL and HAL, rallied by up to 4% following the Defence Acquisition Council's approval of significant capital purchases.

India's financial sector attracted over $7 billion in foreign investments this year, signaling potential banking reforms.

Zerodha CEO Nithin Kamath noted a shift in India's startup ecosystem from family funding to global venture capital.

Reliance Industries plans to cut its imports of Russian crude oil, which may impact the company but could facilitate a trade deal with the U.S.

India's government announced new measures to boost renewable energy production, aiming for a significant reduction in carbon emissions by 2030.

Carmelo Anthony addresses the growing pressure on NBA players amid the rise of sports betting in the league.

The Social Security Administration announces a 2.8% cost-of-living adjustment for 2026, benefiting millions of beneficiaries.

The U.S. has imposed stricter sanctions on Russian oil producers amid ongoing geopolitical tensions and low oil prices.

Japan's core CPI rose to 2.9% in September, prompting the Bank of Japan to maintain interest rates at 0.5% due to inflation concerns.

The IMF has warned that Asia may face economic challenges due to a potential rally of the US dollar and rising interest rates.

The European Commission has preliminarily found that TikTok and Meta violated transparency rules under the Digital Services Act.

French Socialists are threatening a no-confidence vote against the government unless wealth taxes are increased for the richest citizens.

In a significant UK-China spy case, officials have removed the term 'enemy' from witness statements, indicating a policy shift.

President Trump has initiated new tariffs on China while criticizing Canada ahead of a summit with Xi Jinping.

Arab nations have expressed opposition to Tony Blair's appointment to oversee postwar Gaza, following Trump's controversial decision.

The U.S. has increased its military presence in the Caribbean by deploying an aircraft carrier group amid drug trafficking concerns.

Ontario Premier Doug Ford has paused a controversial ad campaign after President Trump criticized it for misrepresenting Ronald Reagan's views on tariffs.

Canada's Prime Minister Carney is on his first visit to the Indo-Pacific region, aiming to reduce economic dependence on the U.S. and double trade with Asia.

The Labour Party in the UK faces a significant setback, indicating a potential realignment in British politics as new challengers gain traction.