Olympus shares drop over 5% after CEO resigns over drug allegation
The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann’s resignation.
Japan’s central bank to remain undeterred on rate hikes despite LDP’s electoral shock, analysts say
Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.
Trump’s Madison Square Garden rally overshadowed by his allies’ crude and racist remarks
The event in deep-blue New York City was designed to mark the start of Trump’s closing argument in the final days of the campaign.
U.S. oil posts worst day in two years after Israel spares Iran crude facilities
Oil prices lost ground on Monday after Iranian energy facilities were spared during an Israeli attack over the weekend.
China’s industrial profits plunge at fastest pace since the pandemic
The country’s industrial profits declined 27.1% year-on-year in September.
CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations.
TSMC suspended shipments to China firm after chip found on Huawei processor, Reuters reports
TSMC halted shipments to China’s Sophgo after a chip it made was found in a Huawei AI processor, say sources tp Reuters.
F1 championships are increasingly being decided by how teams use new technology
With the cost-cap limiting budgets to $135 million per year, automating repetitive tasks is crucial to ensuring teams are using their resources efficiently.
Japan’s Nikkei 225 climbs, yen drops amid political uncertainty as ruling coalition loses majority
The LDP and its coalition partner Komeito have secured 215 out of 465 seats, public broadcaster NHK said early Monday morning local time.
Analysts give this Chinese tech stock 40% upside — but one CIO warns it could be a ‘one trick pony’
Chinese tech company Baidu garnered interest among investors following a 28% year-to-date drop in its share price.
