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Stock Futures Are Falling Along With Oil. Gold, Silver Drift Higher.
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Yahoo Finance

Stock Futures, Oil Fall as Gold & Silver Prices Rise

U.S. stock futures and crude oil fall amid risk-off sentiment, pushing investors to safe havens like gold and silver ahead of a major corporate earnings week.

  • By a Senior Financial Correspondent
  • October 23, 2023
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Stock market today: Dow, S&P 500, Nasdaq futures sag ahead of week defined by Trump's Fed pick, jobs data
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Yahoo Finance

Stock Futures Fall on Trump Fed Pick, Jobs Data Jitters

Wall Street braces for volatility as Trump's Fed pick and key jobs data loom. Stock futures point to a lower open, with tech stocks leading the decline.

  • NEW YORK – Wall Street is bracing for a pivotal week as a confluence of market-moving catalysts—a surprise nominee for Federal Reserve Chair, a crucial report on the U.S. labor market, and a deluge of Big Tech earnings—threatens to inject significant volatility into a market already showing signs of fatigue.
  • The Warsh Effect: The nomination has created a complex dynamic. While a hawkish chair would typically lead markets to price in rate hikes, fed funds futures are paradoxically still pricing in two rate cuts by the end of 2026. Some analysts suggest this reflects a bet that a hawkish policy shift could inadvertently slow the economy too quickly, forcing a policy reversal later in the year. This divergence underscores the deep uncertainty now facing investors.
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Farmers Insurance Open: Justin Rose secures record-breaking victory
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BBC News

Justin Rose Wins Farmers Insurance Open with Record Score

Justin Rose captures a historic wire-to-wire victory at the Farmers Insurance Open, setting a new tournament record of 23-under-par at Torrey Pines.

  • Farmers Insurance Open: Justin Rose Secures Record-Breaking Victory
  • SAN DIEGO, CA – In a masterful display of precision and composure, England's Justin Rose dismantled a world-class field and the tournament record book, cruising to a commanding seven-stroke victory at the Farmers Insurance Open. The 45-year-old veteran was virtually untouchable throughout the week, culminating in a final-round 70 on the formidable South Course at Torrey Pines to finish at an unprecedented 23-under-par.
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Norway's PM agrees crown princess had 'poor judgement' over Epstein links
© BBC News
BBC News

Norway PM: Princess Had 'Poor Judgement' on Epstein Links

Norway's Prime Minister Erna Solberg says Crown Princess Mette-Marit showed 'poor judgement' over past meetings with sex offender Jeffrey Epstein.

  • OSLO, NORWAY – The Norwegian Royal House is facing a period of intense institutional introspection after Prime Minister Erna Solberg publicly stated that Crown Princess Mette-Marit demonstrated "poor judgement" in her past associations with the disgraced late financier and convicted sex offender Jeffrey Epstein. The Prime Minister's rare and direct commentary on a royal matter elevates the controversy, placing the monarchy's reputation and internal governance under an unwelcome spotlight.
  • Solberg's Stance: While affirming her belief in the Crown Princess’s sincerity and regret, the Prime Minister stated, "I think she has shown poor judgement, which she also says herself." She added that it is crucial for the royal family, like all public figures, to be vigilant about whom they associate with.
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Business

Financial news and market updates

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Dow Jones Futures Fall Amid Market's Risk-Off Turn; Google, AMD, Amazon, Palantir Due
© Yahoo Finance
Yahoo Finance

Dow Jones Futures Fall as Risk-Off Mood Hits Tech Stocks

Dow Jones futures fall as a risk-off turn grips markets. Investors weigh interest rate uncertainty ahead of key earnings from Google, Amazon, AMD, and Palantir.

  • NEW YORK – U.S. equity futures are pointing to a lower open on Wall Street as a wave of risk-aversion sweeps through global markets, setting a tense stage for a pivotal week of technology earnings. Investors are grappling with a cocktail of persistent geopolitical concerns and renewed anxiety over the path of interest rates, shifting capital away from riskier assets just as some of the market's most influential companies are set to report.
  • Interest Rate Uncertainty: The Federal Reserve's future policy moves remain the market's primary focus. Persistent inflation and a strong labor market could force the central bank to maintain its restrictive stance, applying continued pressure on corporate financing and economic growth.
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Snow moon to illuminate skies tonight but will cloud spoil the view?
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BBC News

Market 'Snow Moon': Economic Clarity or Recession Clouds?

As the Snow Moon offers a metaphor for the market, investors weigh glimmers of hope like cooling inflation against the persistent clouds of recessionary fears.

  • Why this matters: After a long, cold "winter" of aggressive monetary tightening, persistent inflation, and recessionary fears, market participants are desperate for a clear signal on the path forward. Recent data has provided glimmers of hope—a potential "bright moon"—but significant headwinds remain, threatening to spoil the view and plunge the outlook back into darkness.
  • Resilient Labor Markets: Unemployment rates in major economies, including the United States and the Eurozone, remain at or near historic lows. This persistent labor market strength continues to support consumer spending and defy predictions of an imminent collapse.
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Missing girl Inaayah Makda's parents describe 'unbearable fear'
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BBC News

Missing Girl Inaayah Makda: Parents' 'Unbearable Fear'

The parents of an 8-year-old British girl, Inaayah Makda, who vanished from a Marrakech market, describe their "unbearable fear" as a major search begins.

  • MARRAKECH/LONDON – The parents of an 8-year-old British girl who vanished from a crowded Marrakech market have spoken of their "unbearable fear," as diplomatic efforts intensify to aid the search. The case has now triggered high-level intervention, with a senior Moroccan diplomat providing "strong assurances" to a UK Member of Parliament that all possible resources will be dedicated to finding the child.
  • Initial Response: The search began within minutes of the report, with officers securing the perimeter of the square and conducting immediate interviews with nearby vendors and witnesses. The area's complex layout of narrow streets presented a significant challenge.
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Dow Jones Futures Loom: What To Do Amid Risk-Off Turn? Google, AMD, Amazon, Palantir Due
© Yahoo Finance
Yahoo Finance

Dow Futures Fall as Market Turns Risk-Off; Tech Earnings Loo

Dow Jones futures signal a tense open as risk-off sentiment grows. Investors watch key tech earnings from Google, Amazon, and AMD amid market volatility.

  • NEW YORK – Investors are bracing for a tumultuous week as a palpable "risk-off" sentiment, evidenced by a weekend plunge in Bitcoin, casts a long shadow over Wall Street. With Dow Jones futures indicating a tense opening, market participants are on high alert, navigating a landscape fraught with technical breakdowns and macroeconomic uncertainty. This cautious mood sets a dramatic stage for a critical wave of Big Tech earnings, with giants like Google, Amazon, and AMD poised to either quell the market's fears or confirm its deepest anxieties.
  • Bitcoin's Barometer: The cryptocurrency market, often viewed as a leading indicator for speculative appetite, experienced significant turbulence over the weekend. Bitcoin's sharp drop below key psychological levels signals a broader retreat from high-risk assets, a warning shot that has not gone unnoticed by equity traders.
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Twelve killed by Russian strike near bus in Ukraine, official says
© BBC News
BBC News

Russian Strike Kills 12 on Bus Near Kryvyi Rih, Ukraine

A Russian missile strike near Kryvyi Rih, Ukraine, killed at least twelve industrial workers on a bus, an attack targeting the nation's vital economic sector.

  • KYIV – A Russian missile strike killed at least twelve people and injured dozens more near the industrial city of Kryvyi Rih on Tuesday, according to a regional official. The attack struck a bus transporting workers home from their shift at one of Ukraine's largest industrial conglomerates, underscoring the persistent threat to the nation's economic backbone and the human capital required to sustain it.
  • What Happened: A Russian missile strike was reported in the early evening, hitting a transport route used by industrial workers. Local authorities confirmed the bus was carrying civilians returning from a major production facility.
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Politics

Political news and analysis

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Lord Mandelson resigns from Labour Party over Epstein links
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BBC Politics

Lord Mandelson Resigns From Labour Over Epstein Links

Labour titan Lord Mandelson resigns from the party amid renewed scrutiny of his historical links to disgraced financier Jeffrey Epstein.

  • SOURCE: BBC Politics
  • Renewed Scrutiny: Recent document releases in the US related to Epstein's network have brought the issue back into the public consciousness, leading to fresh questions from journalists and political opponents about the extent of Mandelson's association.
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Venezuela releases human rights advocate Javier Tarazona
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BBC News

Venezuela Frees Activist Javier Tarazona Amid US Talks

Venezuela grants a conditional release to rights advocate Javier Tarazona, a key move aimed at securing continued U.S. sanctions relief ahead of a deadline.

  • Caracas, Venezuela – In a move resonating from the halls of power in Caracas to the trading floors of Wall Street, the Venezuelan government has granted a conditional release to prominent human rights advocate Javier Tarazona. The decision is being widely interpreted by international observers and financial analysts not as a simple judicial matter, but as a calculated maneuver in the high-stakes diplomatic chess game with the United States, where the ultimate prize is the continued easing of crippling economic sanctions.
  • Government Commitment: The Maduro government pledged to work towards conditions for the 2024 presidential election, including promoting human rights and releasing individuals deemed political prisoners by the opposition and international bodies.
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Gorton and Denton by-election: Charlotte Cadden chosen as Tory candidate
© BBC News
BBC News

Gorton & Denton By-Election: Tories Select Charlotte Cadden

The Conservative Party has chosen local businesswoman Charlotte Cadden as its candidate for the Gorton and Denton by-election, campaigning to scrap the carbon t

  • MANCHESTER – The Conservative Party has selected local businesswoman Charlotte Cadden as its candidate for the upcoming Gorton and Denton by-election, signalling a campaign that will challenge the UK's core economic and environmental policies. In a statement following her selection, Cadden acknowledged the party's underdog status in the Labour stronghold but laid out a platform centred on scrapping the UK's carbon pricing mechanism and implementing social reforms in education.
  • Cap and Trade: Companies within these sectors receive or buy emission allowances. Those who can decarbonise cheaply can sell their surplus allowances to those for whom it is more expensive.
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French tech giant Capgemini to sell US subsidiary working for ICE
© BBC Business (Finance)
BBC Business (Finance)

Capgemini Sells US Unit with ICE Contracts Amid Pressure

French tech giant Capgemini is divesting its US subsidiary with ICE contracts following years of pressure from human rights groups and internal dissent.

  • PARIS – French technology and consulting behemoth Capgemini is divesting a U.S.-based subsidiary that holds sensitive contracts with Immigration and Customs Enforcement (ICE), a move that follows years of intense pressure from human rights groups and internal dissent. The company cited an inability to align the unit with its corporate values, a stark admission of the growing reputational risk associated with government surveillance and enforcement work.
  • The Subsidiary: Capgemini Government Solutions LLC is a specialized unit operating within the U.S. federal contracting space. It was designed to handle sensitive government projects that often require security clearances for staff.
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Politics chat: Trump clarifies directions to DHS, House to take up spending package
© NPR Politics
NPR Politics

House Faces Shutdown Risk Over Trump DHS Funding Battle

The House prepares to vote on a spending package, facing a potential government shutdown as Democrats clash with Trump over DHS funding and immigration policy.

  • Washington, D.C. – The U.S. House of Representatives is poised to take up a critical government spending package this week, setting the stage for a high-stakes political and fiscal confrontation. The legislative process has been sharply complicated by a standoff between Congressional Democrats and the Trump administration over funding for the Department of Homeland Security (DHS), with immigration policy at the heart of the dispute.
  • The Core Conflict: Democrats are demanding specific reforms and accountability measures for federal immigration agencies, including Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP), as a precondition for approving the DHS budget.
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Finance

Banking and investment news

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Why Man City have toppled Chelsea as England's best in the WSL
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BBC News

Man City vs Chelsea: The WSL Power Shift Explained

Manchester City has ended Chelsea's dominance in the WSL. Discover how strategic investment and leadership created a power shift in English women's football.

  • MANCHESTER – A decisive shift in the power and financial dynamics of English women's football was solidified on a commanding afternoon in Manchester, as a rampant City side dismantled the long-reigning champions, Chelsea. The result was more than just a victory; it was a clear signal that a new economic and competitive force has seized control of the Women's Super League (WSL), ending an era of single-club dominance and heralding a new, more valuable, and fiercely competitive landscape.
  • Strategic Player Investment: The acquisition of players like Kerolin, Miedema, and Shaw represents a significant capital outlay. Unlike scattered spending, City's investments have been targeted to build a cohesive, multi-faceted attack. These players are not just employees; they are appreciating commercial assets whose global appeal enhances the club's brand value and marketability.
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Ben Francis: UK’s youngest billionaire
© BBC Business (Finance)
BBC Business (Finance)

Ben Francis: UK’s Youngest Billionaire & Gymshark Founder

Discover the story of Ben Francis, the UK's youngest billionaire and founder of Gymshark. Learn how he built a billion-pound brand from his parents' garage.

  • LONDON – Ben Francis, the founder of sportswear phenomenon Gymshark, has cemented his status as the United Kingdom's youngest billionaire, a remarkable ascent from his beginnings as a pizza delivery driver and student. His journey, from sewing gym apparel in his parents' garage to helming a global brand valued at over £1 billion, represents a seismic shift in the retail landscape, driven by digital-native strategy and a revolutionary approach to marketing.
  • Grassroots Partnership: Gymshark identified bodybuilders and fitness enthusiasts with dedicated but relatively small followings. By sponsoring these individuals, the brand grew alongside them, fostering a sense of shared journey and authenticity that resonated deeply with their target demographic.
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1 Top ETF I Plan to Load Up on This Month
© Yahoo Finance
Yahoo Finance

SCHD ETF: A Deep Dive into Schwab's Dividend Fund

Learn about the Schwab U.S. Dividend Equity ETF (SCHD), its rules-based strategy, and why it's a top choice for investors seeking reliable dividend income.

  • Initial Universe: The process begins with a large pool of U.S. stocks, excluding REITs.
  • Minimum Market Cap: Companies must meet a minimum market capitalization to ensure liquidity and stability.
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Dow Jones Futures Loom For Risk-Off Market; Google, AMD, Amazon, Palantir Due
© Yahoo Finance
Yahoo Finance

Dow Futures Fall as Market Eyes Google, Amazon Earnings

U.S. stock futures decline amid risk-off sentiment driven by inflation fears and rising yields. Investors await key earnings reports from Google and Amazon.

  • Driving the Caution: The current risk-averse environment is fueled by several key factors. Investors are closely monitoring rising government bond yields, which make safer assets more attractive relative to stocks. Furthermore, upcoming inflation data, such as the Personal Consumption Expenditures (PCE) price index, is a major focus, as it is the Federal Reserve's preferred measure and will heavily influence its next policy decision.
  • Search & Ad Revenue: Analysts will dissect revenue from Google Search and YouTube for any softness, which could signal a pullback in corporate marketing budgets—a key indicator of economic confidence.
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Is a 3rd Historic Stock Market Crash Imminent Under President Donald Trump? Here's What the Data Says.
© Yahoo Finance
Yahoo Finance

Is a 3rd Stock Market Crash Imminent Under Trump?

Under President Trump, the market has seen huge rallies and two historic crashes. With valuations high, we analyze data to see if a third crash is imminent.

  • NEW YORK – Wall Street has navigated a period of both remarkable growth and extreme volatility under President Donald Trump, whose second, non-consecutive term has seen equity markets surge to new heights. Yet, this rally is shadowed by the memory of two historic market shocks during his tenure, prompting investors to scrutinize historical data for signs of a third major downturn.
  • First Term Gains (Jan. 2017 - Jan. 2021): The Dow Jones Industrial Average (^DJI) climbed 57%, the benchmark S&P 500 (^GSPC) rose 70%, and the tech-heavy Nasdaq Composite (^IXIC) soared an incredible 142%.
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