Financial Summary: Thursday, October 30, 2025

NBA coach Chauncey Billups and player Terry Rozier have been indicted in a gambling-related case, prompting a review of the league's betting policies.

The ongoing government shutdown threatens SNAP benefits, potentially impacting consumers and retailers nationwide.

U.S. President Trump and Chinese President Xi Jinping are set to meet as trade tensions show signs of easing, despite skepticism from the shipping sector regarding ongoing tariffs.

President Trump announced a controversial policy shift by resuming nuclear weapons testing amid rising global tensions.

The U.S. has approved South Korea's request to develop nuclear-powered submarines, raising concerns about regional stability with China.

The Bank of Japan has decided to maintain interest rates at 0.5% despite increasing inflation expectations.

UK Chancellor Reeves is considering removing the windfall tax on oil and gas to stimulate investment in the North Sea.

Labour leader Starmer has retracted the party's previous tax pledge, indicating potential changes in tax policy ahead of the upcoming Budget.

President Trump announced a one-year agreement on rare earths with China, suggesting it may be extended in the future.

ServiceNow CEO Bill McDermott asserts that AI companies do not pose a threat to enterprise software due to their distinct advantages.

Alphabet, Microsoft, and Meta reported mixed Q3 earnings, highlighting the influence of AI on their business strategies.

EU tech chief Virkkunen is in discussions with chipmaker Nexperia regarding semiconductor supply chain challenges.

Gold prices increased as investors engaged in dip-buying after a recent decline linked to comments from Fed Chair Powell.

The Indian stock market hit a 13-month high amid optimism over a potential US-India trade deal and positive sentiment from the US Federal Reserve.

Indian benchmark indices fell sharply, with the Sensex down 593 points due to dovish comments from the U.S. Federal Reserve, triggering global risk-off sentiment.

HPCL shares surged 2% to a new 52-week high following a strong Q2 PAT driven by robust sales growth.

Meta's shares plummeted over 11% after the company reported disappointing third-quarter profits, missing analyst expectations.

Federal Reserve Chair Jerome Powell faces significant challenges as his term nears its end, with pressures from both the markets and his own board.

Tech earnings reports from Meta and Microsoft contributed to a decline in the Nasdaq, impacting overall investor sentiment.

YouTube is implementing voluntary buyouts to enhance its focus on AI integration within product teams.

Microsoft reports a $3.1 billion loss from its investment in OpenAI as the two companies shift from partners to competitors.

Alphabet surpasses revenue expectations for Q3, driven by strong performance in advertising and cloud services.

Samsung Electronics reports a significant rebound in Q3 profits, more than doubling from the previous quarter due to a recovery in the chip market.

Meta's stock declines following a $16 billion tax charge and forecasts of increased expenses related to AI investments.

PhonePe secures $600 million from General Atlantic as it prepares for a local listing in the competitive fintech sector.

Shell initiates a $3.5 billion share buyback as profits exceed expectations, with shares climbing over 16% this year.

Mastercard exceeded profit expectations for Q3, benefiting from sustained consumer spending and strong transaction volumes.

Chipotle's stock fell after the company cut its earnings forecast, leading to multiple analysts downgrading their price targets.

Global automakers prepare for a potential semiconductor chip shortage due to geopolitical tensions between the U.S. and China.

Amazon's upcoming earnings report is under scrutiny as investors focus on cloud growth and holiday outlook amid layoffs.

Apple is set to report its earnings today, with investors eager to see performance amid market challenges.

A popular doughnut chain has filed for Chapter 11 bankruptcy, highlighting challenges in the food service industry.

Reddit shares rose after the company reported better-than-expected earnings, although user growth is slowing.

Apple anticipates a strong December quarter driven by high demand for the new iPhone 17 models.

Alphabet's stock jumped 4% following a strong earnings report and increased investment in AI.

Netflix announced a 10-for-1 stock split, making its shares more accessible to investors.

Coinbase shares rose after the crypto exchange reported better-than-expected earnings for the third quarter.

Amazon Web Services reported a 20% sales growth, exceeding estimates despite increasing competition.

Roblox stock fell 15% as the company plans to increase spending on safety and infrastructure amid lawsuits.

India's aerospace market is set to double to $54 billion by 2033, driven by 'Make-in-India' initiatives and increasing exports.

Axis Mutual Fund predicts an end to earnings downgrades in India, expecting strong earnings growth in key sectors for the upcoming financial year.