BlueScope Steel Shares Drop After Rejecting Revised A$15 Billion Takeover Bid 
Nvidia Earnings Beat Expectations as AI Demand Surges, Stock Rises on Strong Revenue Outlook 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
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Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 
Qantas Reports Record First-Half Profit as Travel Demand and New Aircraft Boost Earnings 
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Lynas Rare Earths Shares Surge on Strong Half-Year Earnings and Rising Global Demand 
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Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
CFTC Asserts Authority Over Prediction Markets Amid Insider Trading Concerns 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot 
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
Wall Street saw a rally of tech stocks before the weekend, thanks to the positive earnings reports major tech companies revealed. Reuters said the earnings reports had surpassed analysts’ expectations, which resulted to S&P 500 going to a positive territory for the year and above its 200-day moving average since August 19 for the first time. Dow Jones, on the other hand, saw its Industrial Average increase by a significant 0.9%, Bloomberg added.
Motley Fool said the tech rally was lead by two industry giants, Microsoft and Amazon.com. Both companies announced its third-quarter results on Friday pre-trading with positive data. The results reportedly inspired investors by pushing the companies’ stock prices up. In between the two stocks, the site said USD70 billion of additional market capitalization was raised in just one trading day.
“Stocks are back. We’re back on track as far as a cheap money, quantitative easing, risk-on trade is concerned,” said Robert Pavlik, chief market strategist at Boston Private Wealth.
