U.S. Movers: Coca-Cola, Netflix, Western Alliance

Scott Peters
22 Oct, 2025
New York City

Netflix Inc. dropped 7% to $1,154.23 after the streaming services provider reported mixed third-quarter results. 

Revenue in the period increased to $11.5 billion from $9.8 billion, net income advanced to $2.5 billion from $2.4 billion, and diluted earnings per share rose to $5.87 from $5.40 a year ago. 

The streaming service provider attributed weaker-than-estimated earnings to the ongoing $619 million tax expense with the Brazilian tax department. 

Western Alliance Bancorp rose 2.4% to $78.06 after the regional bank reported better-than-expected third-quarter earnings. 

Net revenue increased 10.9% to $938.2 million, net income advanced 9.5% to $260.5 million from $237.8 million, and diluted earnings per share rose 10.1% to $2.28 from $2.07 a year ago. 

Coca-Cola Company jumped 4% to $71.22, and the beverage company reported better-than-expected revenue and earnings in the third quarter. 

The resilient demand for zero-sugar beverages and Fairlife, ultra-filtered milk, in the U.S. supported the 1% increase in global unit sales, while the price rose 6% from a year ago. 

Revenue in the period increased 5% to $12.5 billion from $11.8 billion, net income advanced to $3.8 billion from $2.9 billion, and diluted earnings per share rose to 86 cents from 66 cents a year ago. 

The company reiterated adjusted revenue growth between 5% and 6%, and comparable adjusted earnings per share to increase 3% to $2.88. 

The Atlanta-based beverage company is set to launch the U.S. launch of the 7.5-ounce single-serve sugarcane drink this fall, priced at less than $2 in convenience stores. 

U.S. Movers: Coca-Cola, Netflix, Western Alliance

Scott Peters
22 Oct, 2025
New York City

Netflix Inc. dropped 7% to $1,154.23 after the streaming services provider reported mixed third-quarter results. 

Revenue in the period increased to $11.5 billion from $9.8 billion, net income advanced to $2.5 billion from $2.4 billion, and diluted earnings per share rose to $5.87 from $5.40 a year ago. 

The streaming service provider attributed weaker-than-estimated earnings to the ongoing $619 million tax expense with the Brazilian tax department. 

Western Alliance Bancorp rose 2.4% to $78.06 after the regional bank reported better-than-expected third-quarter earnings. 

Net revenue increased 10.9% to $938.2 million, net income advanced 9.5% to $260.5 million from $237.8 million, and diluted earnings per share rose 10.1% to $2.28 from $2.07 a year ago. 

Coca-Cola Company jumped 4% to $71.22, and the beverage company reported better-than-expected revenue and earnings in the third quarter. 

The resilient demand for zero-sugar beverages and Fairlife, ultra-filtered milk, in the U.S. supported the 1% increase in global unit sales, while the price rose 6% from a year ago. 

Revenue in the period increased 5% to $12.5 billion from $11.8 billion, net income advanced to $3.8 billion from $2.9 billion, and diluted earnings per share rose to 86 cents from 66 cents a year ago. 

The company reiterated adjusted revenue growth between 5% and 6%, and comparable adjusted earnings per share to increase 3% to $2.88. 

The Atlanta-based beverage company is set to launch the U.S. launch of the 7.5-ounce single-serve sugarcane drink this fall, priced at less than $2 in convenience stores. 

U.S. Movers: Alphabet, Ford Motor, Intel, Target

Scott Peters
24 Oct, 2025
New York City

Intel Corp. jumped 7.4% to $41.15, and the advanced semiconductor company's third-quarter results surpassed market expectations. 

Revenue increased 3% to $13.7 billion, net income swung to a profit of $4.4 billion from a loss of $16.1 billion, and diluted earnings per share were 90 cents of profit compared to a loss of $3.88 a year ago. 

In the quarter, Intel received $5.7 billion from the U.S. government, and the Trump administration has committed a total of $8.9 billion in funding. 

In addition, NVIDIA agreed to invest $5 billion in Intel common stock, and Japan-based SoftBank Group acquired $2 billion of the company's stock. 

Intel guided fourth-quarter revenue between $12.8 billion and $13.8 billion and a diluted loss per share of 14 cents.

Alphabet Inc. Class C increased 1.3% to $256.93 after the company announced a multi-billion dollar cloud partnership with AI services provider Anthropic. 

Anthropic has attracted $3 billion in investment from Google's parent, and Amazon.com has invested about $8 billion and provided its Trainium 2 chips for its custom-built supercomputer for Claude Code, the company's agentic coding assistant. 

Target Corp. increased 0.6% to $256.93, and the discount retailer said it plans to cut about 8% of its corporate workforce, or 1,800 positions.

The news was first reported by CNBC, and the financial news provider cited an internal memo sent by the incoming CEO, Michael Fiddleke, to corporate employees.

Ford Motor Company jumped 4.4% to $12.89, and the vehicle maker's third-quarter results surpassed market expectations. 

Revenue increased 9% to $50.5 billion from $46.2 billion, net income surged to $2.4 billion from $0.9 billion, and diluted earnings per share advanced to 60 cents from 22 cents a year ago. 

Ford said it absorbed $700 million of tariff-related expenses, and adjusted free cash flow was $4.3 billion. 

The company declared a cash dividend of 15 cents per share, payable on December 1 to shareholders on record on November 7. 

The company lowered its 2025 adjusted EBIT outlook to between $6.0 billion and $6.5 billion, reflecting $1.0 billion in net tariff-related expenses and an additional headwind of up to $1.0 billion related to a fire at the Oswego, New York-based aluminum supplier, Novelis. 

"We are working intensively with Novelis and others to source aluminum that can be processed in the cold rolling section of the plant that remains operational while also working to restore overall plant production," said Ford's president and CEO Jim Farley. 

"We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026," added Farley. 

U.S. Movers: Alphabet, Ford Motor, Intel, Target

Scott Peters
24 Oct, 2025
New York City

Intel Corp. jumped 7.4% to $41.15, and the advanced semiconductor company's third-quarter results surpassed market expectations. 

Revenue increased 3% to $13.7 billion, net income swung to a profit of $4.4 billion from a loss of $16.1 billion, and diluted earnings per share were 90 cents of profit compared to a loss of $3.88 a year ago. 

In the quarter, Intel received $5.7 billion from the U.S. government, and the Trump administration has committed a total of $8.9 billion in funding. 

In addition, NVIDIA agreed to invest $5 billion in Intel common stock, and Japan-based SoftBank Group acquired $2 billion of the company's stock. 

Intel guided fourth-quarter revenue between $12.8 billion and $13.8 billion and a diluted loss per share of 14 cents.

Alphabet Inc. Class C increased 1.3% to $256.93 after the company announced a multi-billion dollar cloud partnership with AI services provider Anthropic. 

Anthropic has attracted $3 billion in investment from Google's parent, and Amazon.com has invested about $8 billion and provided its Trainium 2 chips for its custom-built supercomputer for Claude Code, the company's agentic coding assistant. 

Target Corp. increased 0.6% to $256.93, and the discount retailer said it plans to cut about 8% of its corporate workforce, or 1,800 positions.

The news was first reported by CNBC, and the financial news provider cited an internal memo sent by the incoming CEO, Michael Fiddleke, to corporate employees.

Ford Motor Company jumped 4.4% to $12.89, and the vehicle maker's third-quarter results surpassed market expectations. 

Revenue increased 9% to $50.5 billion from $46.2 billion, net income surged to $2.4 billion from $0.9 billion, and diluted earnings per share advanced to 60 cents from 22 cents a year ago. 

Ford said it absorbed $700 million of tariff-related expenses, and adjusted free cash flow was $4.3 billion. 

The company declared a cash dividend of 15 cents per share, payable on December 1 to shareholders on record on November 7. 

The company lowered its 2025 adjusted EBIT outlook to between $6.0 billion and $6.5 billion, reflecting $1.0 billion in net tariff-related expenses and an additional headwind of up to $1.0 billion related to a fire at the Oswego, New York-based aluminum supplier, Novelis. 

"We are working intensively with Novelis and others to source aluminum that can be processed in the cold rolling section of the plant that remains operational while also working to restore overall plant production," said Ford's president and CEO Jim Farley. 

"We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026," added Farley. 

U.S. Movers: IBM, Southwest Airlines, Tesla

Scott Peters
23 Oct, 2025
New York City

Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter. 

Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago. 

The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.

The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion. 

Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results. 

Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents. 

Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion. 

International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results. 

Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago. 

The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10. 

Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter. 

The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%. 

U.S. Movers: IBM, Southwest Airlines, Tesla

Scott Peters
23 Oct, 2025
New York City

Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter. 

Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago. 

The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.

The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion. 

Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results. 

Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents. 

Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion. 

International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results. 

Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago. 

The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10. 

Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter. 

The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%. 

U.S. Stocks Advanced After Inflation Report Stoked Rate Cut Speculation

Barry Adams
24 Oct, 2025
San Francisco

Stocks on Wall Street powered ahead, and investors reviewed another batch of earnings releases. 

The S&P 500 index increased 0.3%, and the Nasdaq Composite advanced 0.5% as traders reviewed the shutdown-delayed inflation data for September. 

Stocks advanced after the release of the inflation report, as a slight easing in inflation stoked speculation that the Federal Reserve is more likely to cut rates at the end of October. 

The consumer price index increased 3.0%, and the core rate of inflation eased to 3.0% from 3.1% from a year ago, respectively.  

Consumer inflation accelerated from 2.9% in August and jumped to the highest since January. 

On a monthly basis, overall inflation advanced 0.4% and core inflation rose 0.3%, according to the nine-day delayed report released by the U.S. Bureau of Labor Statistics. 

The index for gasoline rose 4.1% in September and was the largest factor in the all-items monthly increase, as the index for energy rose 1.5% over the month. 

The food index increased 0.2% over the month as the food at home index rose 0.3% and the food away from home index increased 0.1%.

Most U.S. government economic reports are suspended, because most workers at various government agencies, including the BLS, since the start of the month. 

Trump administration's tariffs continued to put upward pressure on the price of imported goods, used cars and rucks, and food.   

U.S. Stock Movers 

Intel Corp. jumped 7.4% to $41.15, and the advanced semiconductor company's third-quarter results surpassed market expectations. 

Revenue increased 3% to $13.7 billion, net income swung to a profit of $4.4 billion from a loss of $16.1 billion, and diluted earnings per share were 90 cents of profit compared to a loss of $3.88 a year ago. 

In the quarter, Intel received $5.7 billion from the U.S. government, and the Trump administration has committed a total of $8.9 billion in funding. 

In addition, NVIDIA agreed to invest $5 billion in Intel common stock, and Japan-based SoftBank Group acquired $2 billion of the company's stock. 

Intel guided fourth-quarter revenue between $12.8 billion and $13.8 billion and a diluted loss per share of 14 cents.

Alphabet Inc. Class C increased 1.3% to $256.93 after the company announced a multi-billion dollar cloud partnership with AI services provider Anthropic. 

Anthropic has attracted $3 billion in investment from Google's parent, and Amazon.com has invested about $8 billion and provided its Trainium 2 chips for its custom-built supercomputer for Claude Code, the company's agentic coding assistant. 

Target Corp. increased 0.6% to $256.93, and the discount retailer said it plans to cut about 8% of its corporate workforce, or 1,800 positions.

The news was first reported by CNBC, and the financial news provider cited an internal memo sent by the incoming CEO, Michael Fiddleke, to corporate employees.

Ford Motor Company jumped 4.4% to $12.89, and the vehicle maker's third-quarter results surpassed market expectations. 

Revenue increased 9% to $50.5 billion from $46.2 billion, net income surged to $2.4 billion from $0.9 billion, and diluted earnings per share advanced to 60 cents from 22 cents a year ago. 

Ford said it absorbed $700 million of tariff-related expenses, and adjusted free cash flow was $4.3 billion. 

The company declared a cash dividend of 15 cents per share, payable on December 1 to shareholders on record on November 7. 

The company lowered its 2025 adjusted EBIT outlook to between $6.0 billion and $6.5 billion, reflecting $1.0 billion in net tariff-related expenses and an additional headwind of up to $1.0 billion related to a fire at the Oswego, New York-based aluminum supplier, Novelis. 

"We are working intensively with Novelis and others to source aluminum that can be processed in the cold rolling section of the plant that remains operational while also working to restore overall plant production," said Ford's president and CEO Jim Farley. 

"We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026," added Farley. 

U.S. Stocks Advanced After Inflation Report Stoked Rate Cut Speculation

Barry Adams
24 Oct, 2025
San Francisco

Stocks on Wall Street powered ahead, and investors reviewed another batch of earnings releases. 

The S&P 500 index increased 0.3%, and the Nasdaq Composite advanced 0.5% as traders reviewed the shutdown-delayed inflation data for September. 

Stocks advanced after the release of the inflation report, as a slight easing in inflation stoked speculation that the Federal Reserve is more likely to cut rates at the end of October. 

The consumer price index increased 3.0%, and the core rate of inflation eased to 3.0% from 3.1% from a year ago, respectively.  

Consumer inflation accelerated from 2.9% in August and jumped to the highest since January. 

On a monthly basis, overall inflation advanced 0.4% and core inflation rose 0.3%. 

The index for gasoline rose 4.1% in September and was the largest factor in the all-items monthly increase, as the index for energy rose 1.5% over the month. 

The food index increased 0.2% over the month as the food at home index rose 0.3% and the food away from home index increased 0.1%.

U.S. Stock Movers 

Intel Corp. jumped 7.4% to $41.15, and the advanced semiconductor company's third-quarter results surpassed market expectations. 

Revenue increased 3% to $13.7 billion, net income swung to a profit of $4.4 billion from a loss of $16.1 billion, and diluted earnings per share were 90 cents of profit compared to a loss of $3.88 a year ago. 

In the quarter, Intel received $5.7 billion from the U.S. government, and the Trump administration has committed a total of $8.9 billion in funding. 

In addition, NVIDIA agreed to invest $5 billion in Intel common stock, and Japan-based SoftBank Group acquired $2 billion of the company's stock. 

Intel guided fourth-quarter revenue between $12.8 billion and $13.8 billion and a diluted loss per share of 14 cents.

Alphabet Inc. Class C increased 1.3% to $256.93 after the company announced a multi-billion dollar cloud partnership with AI services provider Anthropic. 

Anthropic has attracted $3 billion in investment from Google's parent, and Amazon.com has invested about $8 billion and provided its Trainium 2 chips for its custom-built supercomputer for Claude Code, the company's agentic coding assistant. 

Target Corp. increased 0.6% to $256.93, and the discount retailer said it plans to cut about 8% of its corporate workforce, or 1,800 positions.

The news was first reported by CNBC, and the financial news provider cited an internal memo sent by the incoming CEO, Michael Fiddleke, to corporate employees.

Ford Motor Company jumped 4.4% to $12.89, and the vehicle maker's third-quarter results surpassed market expectations. 

Revenue increased 9% to $50.5 billion from $46.2 billion, net income surged to $2.4 billion from $0.9 billion, and diluted earnings per share advanced to 60 cents from 22 cents a year ago. 

Ford said it absorbed $700 million of tariff-related expenses, and adjusted free cash flow was $4.3 billion. 

The company declared a cash dividend of 15 cents per share, payable on December 1 to shareholders on record on November 7. 

The company lowered its 2025 adjusted EBIT outlook to between $6.0 billion and $6.5 billion, reflecting $1.0 billion in net tariff-related expenses and an additional headwind of up to $1.0 billion related to a fire at the Oswego, New York-based aluminum supplier, Novelis. 

"We are working intensively with Novelis and others to source aluminum that can be processed in the cold rolling section of the plant that remains operational while also working to restore overall plant production," said Ford's president and CEO Jim Farley. 

"We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026," added Farley. 

China Policymakers Prioritize Self Reliance Amid Growing Trade Tensions

Li Chen
24 Oct, 2025
Hong Kong

Stocks in China and Hong Kong traded higher, and top policymakers vowed to accelerate investment in the domestic economy. 

The Hang Seng index increased by 0.5%, while the mainland-focused CSI 300 index edged up by 0.4%, extending their weekly gains to 0.9% and 1.7%, respectively. 

Policymakers stressed the importance of accelerating domestic economic development, advancing the use of modern technologies, and keeping social stability. 

The communique was released at the end of the fourth plenum of the 20th Central Committee of the Communist Party of China, held between October 20 and 23 in Beijing.

"We must maintain a reasonable proportion of manufacturing and build a modern industrial system with advanced manufacturing as its backbone. 

We must optimize and upgrade traditional industries, cultivate and strengthen emerging and future industries, promote the high-quality and efficient development of the service industry, and build a modern infrastructure system," according to a statement released by committee members.

China Indexes and Stocks 

The Hang Seng Index increased 0.5% to 26,122.10, and the mainland-focused CSI 300 index edged up 0.4% to 4,636.93. 

Alibaba Group Holding increased 2.2% to HK $168.40, Tencent Holdings gained 0.6% to HK $635.0, Baidu Inc. advanced 1.2% to HK $117.90, and SMIC soared 6.3% to HK $78.70. 

Li Ning Co. Ltd dropped 2% to HK $18.17, ANTA Sports Products inched up 0.2% to HK $88.30, and Nongfu Spring Co. Ltd increased 0.3% to HK $54.60. 

Dynamic Electronics soared 380% to 83.52 yuan, and the company listed its stock on the Shanghai Stock Exchange.

The company sold 52.5 million shares and priced its offering at 17.08 yuan per share.

China Policymakers Prioritize Self Reliance Amid Growing Trade Tensions

Li Chen
24 Oct, 2025
Hong Kong

Stocks in China and Hong Kong traded higher, and top policymakers vowed to accelerate investment in the domestic economy. 

The Hang Seng index increased by 0.5%, while the mainland-focused CSI 300 index edged up by 0.4%, extending their weekly gains to 0.9% and 1.7%, respectively. 

Policymakers stressed the importance of accelerating domestic economic development, advancing the use of modern technologies, and keeping social stability. 

The communique was released at the end of the fourth plenum of the 20th Central Committee of the Communist Party of China, held between October 20 and 23 in Beijing.

"We must maintain a reasonable proportion of manufacturing and build a modern industrial system with advanced manufacturing as its backbone. 

We must optimize and upgrade traditional industries, cultivate and strengthen emerging and future industries, promote the high-quality and efficient development of the service industry, and build a modern infrastructure system," according to a statement released by committee members.

China Indexes and Stocks 

The Hang Seng Index increased 0.5% to 26,122.10, and the mainland-focused CSI 300 index edged up 0.4% to 4,636.93. 

Alibaba Group Holding increased 2.2% to HK $168.40, Tencent Holdings gained 0.6% to HK $635.0, Baidu Inc. advanced 1.2% to HK $117.90, and SMIC soared 6.3% to HK $78.70. 

Li Ning Co. Ltd dropped 2% to HK $18.17, ANTA Sports Products inched up 0.2% to HK $88.30, and Nongfu Spring Co. Ltd increased 0.3% to HK $54.60. 

Dynamic Electronics soared 380% to 83.52 yuan, and the company listed its stock on the Shanghai Stock Exchange.

The company sold 52.5 million shares and priced its offering at 17.08 yuan per share.

U.S. Stocks Rest After Mixed Batch of Earnings, Trump's Russia Sanctions Drive Oil Prices Higher

Barry Adams
23 Oct, 2025
New York City

U.S. stocks struggled to stay above the flatline, and investors reviewed the fresh batch of mixed earnings. 

The S&P 500 index decreased 0.1%, and the Nasdaq Composite eased 0.3% following sharp sell-offs in Tesla, IBM, and Lam Research.  

So far large companies have delivered on earnings growth, and investors are hoping that the current record market valuations are still justified by the earnings level. 

The sharp escalation in tariffs has not affected corporate earnings so far, and investors are looking for clues as to how businesses are adjusting to higher import costs, resurgent inflation, and falling margins. 

Investors in China and Hong Kong have largely ignored the ongoing trade tensions with the U.S. as China's share of U.S. shipments continues to fall and has dropped to 25% of global exports. 

Gold rebounded 0.7% to $4,130.22 per ounce, and silver edged up 1.5% to $49.24 an ounce from the brutal sell-off of 8% over the previous two days.  

Crude oil soared 6.1% to $62.08 per barrel after the U.S. president announced new sanctions on two Russian oil companies, citing stalled Ukraine peace talks. 

The U.S. announced severe financial and shipping sanctions on Russia's Lukoil and Rosneft while urging India and China to scale back purchases.  

U.S. Stock Movers 

Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter. 

Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago. 

The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.

The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion. 

Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results. 

Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents. 

Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion. 

International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results. 

Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago. 

The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10. 

Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter. 

The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%. 

U.S. Stocks Rest After Mixed Batch of Earnings, Trump's Russia Sanctions Drive Oil Prices Higher

Barry Adams
23 Oct, 2025
New York City

U.S. stocks struggled to stay above the flatline, and investors reviewed the fresh batch of mixed earnings. 

The S&P 500 index decreased 0.1%, and the Nasdaq Composite eased 0.3% following sharp sell-offs in Tesla, IBM, and Lam Research.  

So far large companies have delivered on earnings growth, and investors are hoping that the current record market valuations are still justified by the earnings level. 

The sharp escalation in tariffs has not affected corporate earnings so far, and investors are looking for clues as to how businesses are adjusting to higher import costs, resurgent inflation, and falling margins. 

Investors in China and Hong Kong have largely ignored the ongoing trade tensions with the U.S. as China's share of U.S. shipments continues to fall and has dropped to 25% of global exports. 

Gold rebounded 0.7% to $4,130.22 per ounce, and silver edged up 1.5% to $49.24 an ounce from the brutal sell-off of 8% over the previous two days.  

Crude oil soared 6.1% to $62.08 per barrel after the U.S. president announced new sanctions on two Russian oil companies, citing stalled Ukraine peace talks. 

The U.S. announced severe financial and shipping sanctions on Russia's Lukoil and Rosneft while urging India and China to scale back purchases.  

U.S. Stock Movers 

Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter. 

Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago. 

The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.

The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion. 

Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results. 

Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents. 

Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion. 

International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results. 

Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago. 

The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10. 

Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter. 

The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%. 

Japan's Indexes Faced Headwinds Amid Rising US-China Trade Tensions

Akira Ito
23 Oct, 2025
Tokyo

Japan's markets plunged on Thursday, and investors booked profits and awaited the release of fiscal measures from the newly elected prime minister. 

Sanae Takaichi's government is expected to release a fiscal stimulus package as early as next week, larger than last year's 13.9 trillion yen. 

The government's measures are likely to focus on providing additional fuel and utilities assistance and subsidies for household appliances and equipment.  

Stocks in Japan declined, tracking overnight losses in New York, amid rising trade tensions between Japan and the U.S. 

The leaders of two nations are expected to meet on the sidelines of the APEC meeting in South Korea, and the U.S. president announced possible restrictions on the sale of software to China effective November 1. 

Japan's stocks faced headwinds as investors worried about the sustainability of the coalition between the LDP and the Japan Innovation Party.

The yen weakened 0.3% to 152.35 against the U.S. dollar amid rising expectations that the Bank of Japan may prolong its ultra-loose monetary policy. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix fell 0.6% to 3,246.56. 

Toyota Motor Corp. decreased 0.4% to ¥3,092.0, Honda Motor Co. Ltd. decreased 1.1% to ¥1,601.50, and Nissan Motor Co. Ltd. fell 0.3% to ¥376.60. 

Sony Group declined 0.2% to ¥4,392.0, Canon Inc. decreased 0.8% to ¥4,529.0, and Fujitsu Ltd. decreased 0.2% to ¥3,845.0. 

Tokyo Electron fell 0.4% to ¥29,630.0, Advantest Corp. fell 3.7% to ¥16,465.0, and Lasertec Corp. dropped 2.8% to ¥20,815.0. 

Nippon Yusen KK added 0.9% to ¥5,172.0, Mitsui O.S.K. Lines Ltd. added 0.5% to ¥4,450.0, and Kawasaki Kisen Kaisha Ltd. advanced 1% to ¥2,144.50.  

Japan's Indexes Faced Headwinds Amid Rising US-China Trade Tensions

Akira Ito
23 Oct, 2025
Tokyo

Japan's markets plunged on Thursday, and investors booked profits and awaited the release of fiscal measures from the newly elected prime minister. 

Sanae Takaichi's government is expected to release a fiscal stimulus package as early as next week, larger than last year's 13.9 trillion yen. 

The government's measures are likely to focus on providing additional fuel and utilities assistance and subsidies for household appliances and equipment.  

Stocks in Japan declined, tracking overnight losses in New York, amid rising trade tensions between Japan and the U.S. 

The leaders of two nations are expected to meet on the sidelines of the APEC meeting in South Korea, and the U.S. president announced possible restrictions on the sale of software to China effective November 1. 

Japan's stocks faced headwinds as investors worried about the sustainability of the coalition between the LDP and the Japan Innovation Party.

The yen weakened 0.3% to 152.35 against the U.S. dollar amid rising expectations that the Bank of Japan may prolong its ultra-loose monetary policy. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix fell 0.6% to 3,246.56. 

Toyota Motor Corp. decreased 0.4% to ¥3,092.0, Honda Motor Co. Ltd. decreased 1.1% to ¥1,601.50, and Nissan Motor Co. Ltd. fell 0.3% to ¥376.60. 

Sony Group declined 0.2% to ¥4,392.0, Canon Inc. decreased 0.8% to ¥4,529.0, and Fujitsu Ltd. decreased 0.2% to ¥3,845.0. 

Tokyo Electron fell 0.4% to ¥29,630.0, Advantest Corp. fell 3.7% to ¥16,465.0, and Lasertec Corp. dropped 2.8% to ¥20,815.0. 

Nippon Yusen KK added 0.9% to ¥5,172.0, Mitsui O.S.K. Lines Ltd. added 0.5% to ¥4,450.0, and Kawasaki Kisen Kaisha Ltd. advanced 1% to ¥2,144.50.  

China Stocks Lacked Momentum Ahead of Fourth Plenum Blueprint Details

Li Chen
23 Oct, 2025
Hong Kong

Stocks in China flatlined as top policymakers convened in Beijing for the fourth Plenum of he Communist Party's Central Committee. 

The Hang Seng index decreased 0.1%, and the mainland-focused CSI 300 index declined 0.6%. 

Latter in the day, China's policymakers are set to announce their blueprint for economic development between 2026 and 2030 as the world's second-largest economy tightens trade linkages with the ASEAN region. 

Policymakers are set to devise a plan to accelerate investment in advanced technologies, diversify China's exports away from the U.S., and deepen investments in South America, Africa, and the ASEAN region. 

Moreover, local governments are seeking alternative revenues as the residential property market's collapse shows no signs of easing. 

China's economic growth is likely to experience a further slowdown of between 2% and 4%, and deflationary forces are likely to keep profit margins thin for the foreseeable future. 

At the same time, low interest rates are spurring investors to shift into riskier assets and seek safe haven in precious metals. 

China Indexes and Stocks 

The Hang Seng Index decreased 0.1% to 25,752.32, and the CSI 300 index dropped 0.6% to 4,565.79. 

Property developers advanced amid hopes of additional stimulus after the end of the fourth Plenum. 

China Vanke decreased 0.8% to HK $4.62, Longfor Group Holdings dropped 0.7% to HK $10.27, and Sun Hung Kai Properties Ltd. rose 0.6% to HK $92.75. 

Midea Group edged up 0.1% to HK $82.65, Pop Mart International Group dropped 9.9% to HK $232.20, Nongfu Spring Co. Ltd. eased 0.4% to HK $54.05, Li Ning Co. Ltd. soared 6% to HK $18.44, and Anta Sports Products decreased 0.1% to HK $87.40. 

Zijin Gold International dropped 1.7% to HK $129.10 after gold prices extended a two-day losses to over 8%, the deepest decline in 12 years.  

Shandong Gold Mining dropped 1.7% to HK $33.50, Zijin Mining Group decreased 1.7% to HK $31.22, and Chifeng Jilong Gold Mining 2% to HK $27.94.