Economy

Economy
Economy

Why is Bloom Energy stock falling on Friday despite Q3 earnings and revenue beat?

Bloom Energy shares BE traded lower in trading on Friday despite the fuel-cell maker reporting third-quarter earnings and revenue well above Wall Street expectations, as investors weighed its aggressive spending on manufacturing expansion against concerns about cash flow. The stock was down 9% during trading. Broader market weakness following a selloff in tech stocks on

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Economy

Western Digital stock rises as strong earnings offset capex and supply concerns

Western Digital WDC reported strong fiscal first-quarter results and issued an upbeat outlook as demand for hard disk drives (HDDs) continued to benefit from artificial intelligence infrastructure spending. However, concerns about rising capital expenditure, potential increases in industry supply, and the sustainability of demand prompted mixed reactions from Wall Street analysts. The company’s revenue rose

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Economy

JEPI yields 8%, SCHD yields 3%: which is the better dividend ETF?

The JPMorgan Equity Premium Income ETF (JEPI) and the Schwab US Dividend Equity (SCHD) funds are popular among income-focused investors. JEPI has accumulated over $45 billion in assets, while SCHD has $116 billion in assets, making it the biggest dividend ETF in the world. So, which is a better fund to invest in? SCHD ETF

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Economy

Brent crude crosses $112 as Hormuz attacks worsen Middle East supply fears

Brent crude prices crossed $112 a barrel for the first time since May on Thursday as escalating tensions in the Middle East heightened fears of further disruptions to global oil supplies. Brent futures climbed to $112.50 in early trading before easing to $111.95 at the time of writing. West Texas Intermediate crude also advanced nearly

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Economy

P&G beats estimates – but $1.4B cost squeeze clouds celebration

Procter & Gamble (PG) delivered better-than-expected earnings for its fiscal Q1, offering investors evidence that demand for its household staples can withstand pressure on consumer budgets. The Tide and Pampers owner reported first-quarter core earnings of $2 per share, beating the $1.88 consensus estimate, while revenue of $23.28 billion exceeded expectations of $22.80 billion. But

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Economy

Uphold launches automated crypto trading strategies for everyday investors

San Francisco, USA, October 22, 2026 Uphold, the infrastructure provider for on-chain finance, today launches investing on autopilot with two automated, always-on, data-driven strategies that run entirely inside a user’s Uphold account. At launch, customers can choose between two strategies: the Momentum Strategy and the Big10 Strategy. The Momentum Strategy invests across the ten largest

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Economy

US jobless claims fall to near 57-year lows as layoffs remain subdued

The number of Americans filing new claims for unemployment benefits fell to near 57-year lows last week, signalling subdued layoffs and continued stability in the labour market. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 194,000 in the week ended October 17, the Labor Department said on Thursday. Economists polled

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Economy

US jobless claims fall to near 57-year lows as layoffs remain subdued

The number of Americans filing new claims for unemployment benefits fell to near 57-year lows last week, signalling subdued layoffs and continued stability in the labour market. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 194,000 in the week ended October 17, the Labor Department said on Thursday. Economists polled

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Economy

Gold drops below $4,070 as Hormuz crisis pushes oil above $112

Gold and silver prices dropped sharply in early US trading Thursday as fresh attacks on commercial shipping in the Strait of Hormuz sent crude oil higher and renewed concerns about inflation. The prospect of interest rates remaining elevated weighed on precious metals, despite lower Treasury yields amid continued geopolitical uncertainty. Spot gold traded near $4,065

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Economy

Dow opens 112 pts lower as AI spending concerns weigh on US stocks

US stocks opened lower on Thursday as renewed concerns over artificial intelligence spending and valuations weighed on technology shares, while rising oil prices added to market uncertainty amid escalating Middle East tensions. The Dow Jones Industrial Average fell around 112 points, while the S&P 500 declined 0.76%. The Nasdaq Composite dropped 1.38%, making for a

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