Financial Summary: Friday, October 31, 2025

King Charles has officially stripped Prince Andrew of his royal title, marking a significant shift in the British monarchy.

The summit between Xi Jinping and Donald Trump highlights China's rising global influence, with the US making trade concessions.

San Francisco's Mayor expresses optimism about the city's recovery following President Trump's decision to reverse troop deployment plans.

China's manufacturing sector faces challenges as factory activity contracts for the seventh month in a row, reaching a six-month low.

FBI arrests in Michigan have prevented a potential terrorist attack planned for Halloween, showcasing ongoing security concerns.

A French parliamentary vote has rejected a proposed wealth tax, leading to increased political turmoil for Prime Minister Sébastien Lecornu.

A U.S. judge has ruled that SNAP benefits must continue despite the government shutdown, ensuring support for low-income families.

Entrepreneurship is thriving in small cities across India, driven by e-commerce growth and generational business transitions.

Indian mid-sized banks are seeing an increase in foreign investment, boosting their competitiveness in the financial sector.

Political leaders in India are under scrutiny for failing to adhere to their own regulations, raising accountability concerns.

Amazon shares surged 13% after reporting its fastest cloud growth in years, driven by AI investments.

Apple exceeded expectations in its summer quarter results, boosted by strong iPhone 17 sales despite trade war challenges.

Maruti Suzuki is expected to report an 18% year-on-year profit increase for Q2 FY26, indicating strong performance.

United Spirits shares rose 7% following a 36% increase in Q2 net profit, reaching Rs 464 crore.

Reliance Industries announced a partnership with Google to enhance AI adoption in India, offering Jio users free access to Google's AI Pro plan.

Navin Fluorine shares soared 15% after reporting a 152% increase in Q2 net profit to Rs 148 crore.

BPCL announced a 170% year-on-year increase in consolidated net profit to Rs 6,191 crore for Q2, alongside a Rs 7.5 dividend.

Vedanta's Q2 net profit plunged 59% to Rs 1,798 crore due to an exceptional loss, despite record revenue of Rs 39,868 crore.

Reddit's stock surged 12% after the company reported strong advertising and user growth, exceeding third-quarter estimates.

Samsung announced plans to build a facility with 50,000 Nvidia GPUs to enhance its chip manufacturing capabilities.

Financial expert Suze Orman highlights the necessity of three key accounts for effective early retirement planning.

Former President Trump reveals his newly remodeled Lincoln Bathroom in the White House during the ongoing government shutdown.

Gold prices rose in early Asian trading as demand from central banks increases.

Asian markets are expected to open mixed following a trade truce between Trump and Xi, influencing investor sentiment.

Indian stock markets fell by 0.7% as investors reacted to the US Federal Reserve's cautious stance on interest rates.

U.S. stocks opened higher, buoyed by strong earnings from tech giants like Apple and Amazon, marking a six-month winning streak.

Natural gas futures in the U.S. rose for the third consecutive session amid expectations of increased demand due to winter weather forecasts.

Michael Burry warns of a potential market bubble, raising concerns among investors after two years of silence.

The U.S. Treasury Department announced a new Series I bond rate of 4.03%, effective through April 2026.

Apple expects a surge in iPhone sales this holiday season, reporting record annual profits driven by high demand.

Major cloud and internet companies have seen a $380 billion increase in AI spending this quarter, reflecting a growing investment in technology.

Hong Kong's Monetary Authority has progressed its digital currency initiative with the e-HKD pilot program entering its second phase.

Big Tech firms are ramping up AI investments, with Alphabet performing well while Meta and Microsoft face challenges.

Exxon is in talks to supply natural gas and carbon capture technology for AI data centers, indicating a shift in energy sourcing in tech.