JPMorgan Plan Sparks Rally in Quantum Stocks

 

Quantum-computing stocks jumped Monday after JPMorgan Chase named the sector among targets for a new investment push. The bank said it will deploy up to $10 billion across supply chain and advanced manufacturing, defense and aerospace, energy technology, and frontier and strategic technologies — including quantum. Arqit Quantum, D-Wave Quantum...

Stocks Rebound as Trump Softens China Rhetoric

 

Wall Street rebounded Monday after President Donald Trump dialed back his tariff threats against China, posting “it will all be fine” and urging calm. The S&P 500 rose 1.3%, recouping nearly half of Friday’s worst-since-April slide; the Dow gained 483 points, or 1.1%, and the Nasdaq added 1.8% by 10:45...

Dutch Government Takes Control of Nexperia

 

The Netherlands took control of Chinese-owned chipmaker Nexperia to secure European supplies, invoking the Goods Availability Act in September after “acute” governance concerns. The move places the firm under temporary external management and freezes asset, business and personnel changes for up to a year; Wingtech chairman Zhang Xuezheng was suspended...

Dutch Tighten Grip on Nexperia; Wingtech Slides

 

Wingtech Technology plunged the maximum 10% after the Dutch government moved to exert control over its European unit, Nexperia, in a rare step that could strain China–Europe ties. The Hague invoked the Goods Availability Act in September to assume oversight of the Netherlands car chipmaker, citing national security. Nexperia may...

Futures Jump as Trump Hints China Deal

 

US equity-index futures rose and oil rebounded after President Donald Trump signaled openness to a deal with China, easing nerves after a flare-up in trade tensions. S&P 500 contracts gained 1.3% and Nasdaq 100 futures 1.8% as the administration softened its rhetoric following Trump’s threat of 100% tariffs in response...

Sorkin Flags Bubble Risks as Guardrails Erode

 

Stocks plunged after President Trump threatened steep China tariffs, prompting Andrew Ross Sorkin—promoting his book “1929”—to draw uneasy parallels to past manias. He says today’s rally, fueled by AI spending, may be a boom or a “sugar rush,” with speculation and debt rising as investor protections weaken. Larry Fink backs...

Sorkin Sees Echoes of 1929 in AI Boom

 

After nearly a decade studying the 1929 crash, journalist Andrew Ross Sorkin says today’s Wall Street echoes that era: soaring, AI-fueled gains, mounting speculation and debt, and fading guardrails. He predicts a crash—timing and depth unknown—amid record highs, Friday’s slide after President Trump threatened more China tariffs, and a push...

WBD Rejects Paramount Skydance’s $20-a-Share Bid

 

Warner Bros. Discovery rejected an offer of around $20 per share from David Ellison’s Paramount Skydance as too low, Bloomberg reported, citing unnamed sources. WBD shares closed Friday at $17.10, up more than 36% since Sept. 11, when Ellison’s interest emerged. The report said it’s unclear whether the bid accounted...

Wall Street Banks See Investment Banking Revival

 

Wall Street’s biggest banks are set for their strongest investment banking quarter since 2021, with analysts projecting $9.1bn in Q3 advisory and underwriting revenue across JPMorgan, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley, up 13% year on year and 50% from 2023’s lows, though still below the 2021...

South Texas Drought Threatens Corpus Christi Industry

 

Water shortages in South Texas are jeopardizing a fast-growing industrial hub central to President Donald Trump’s twin goals of dominating global energy markets and slashing trade deficits. Corpus Christi, about 400 miles south of Dallas, is suffering a worsening drought that has already prompted lawn-watering bans, with officials warning tougher...