The good vibes are back on Wall Street

The good vibes are back on Wall Street

Stocks hit fresh records on Monday, marking a significant pickup in momentum after a bumpy stretch in which tariff fears and worries about loan losses at regional banks weighed on major indexes. The optimism isn’t limited to U.S. markets. Benchmarks in Japan, South Korea and Taiwan notched new records Monday, while the Shanghai composite closed…

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Berkshire cut to 'underperform' by KBW, which cites Geico, tariffs, Buffett

Berkshire cut to ‘underperform’ by KBW, which cites Geico, tariffs, Buffett

By Jonathan Stempel (Reuters) -Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller clean energy tax credits and Warren Buffett‘s departure will weigh on its share price. KBW analyst Meyer Shields, who had rated Berkshire “market perform,” also cut his target…

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Bank of Korea rate decision, Kospi, Nikkei, HSI

Bank of Korea rate decision, Kospi, Nikkei, HSI

Asia-Pacific markets fell Thursday, tracking Wall Street’s declines on concerns about U.S.-China trade relations. Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump administration is considering curbs on exports to China that are made with U.S. software, citing a U.S. official and three people briefed by U.S. authorities. The sources said that the plan,…

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China holds benchmark lending rates steady amid slowing growth - ​China Keeps Benchmark Lending Rates Unchanged

China holds benchmark lending rates steady amid slowing growth – ​China Keeps Benchmark Lending Rates Unchanged

Trade tensions between Beijing and Washington have intensified. China announced increased export controls on rare earths, while the U.S. threatened to raise tariffs to 100% and tighten software export restrictions. The Fourth Plenum, scheduled from 20 to 23 October, will outline China’s economic, political, and social agenda along with its development plans for the next…

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Lowest 30-year rate in over 12 months

Lowest 30-year rate in over 12 months

The current 30-year fixed mortgage rate has fallen by two basis points to 6.18%. According to Zillow data, this marks its lowest point since early October 2024. The government shutdown is contributing to lower mortgage rates, but processing times for FHA and VA loans are taking longer. So, if you qualify for favorable terms on…

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Bessent Warns of US ‘Embarrassment’ If Tariffs Ruled Illegal

Gold Soars Amid US-China Tensions

Gold and silver continued to rally this week, despite a Friday tumble, amid renewed trade tensions between the world’s top economies. In China, credit growth slowed, dragged by government bond sales and sluggish loan demand among households and companies. In the US, private-sector gauges of inflation showed signs of tariffs boosting the prices of some…

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