Daily Express of U.S. Stock Market News (Thursday, October 17)
Important News
- The European Central Bank announced a 25 basis point rate cut, in line with market expectations.
- The number of initial jobless claims in the United States last week was 241,000, lower than expected.
- Retail sales in the United States in September recorded a 0.4% monthly rate, slightly higher than expected.
Stock News
- Intel (INTC.O) responded to being named in China for "frequent security vulnerability issues": will communicate with relevant departments to clarify related questions.
- Meta Platforms (META.O) is laying off employees in departments such as Instagram, WhatsApp, and Reality Labs.
- Travel booking website Expedia (EXPE.O) rose nearly 7% in pre-market trading, with Uber (UBER.N) considering acquiring the company.
- Alcoa (AA.N) turned a loss into a profit in Q3, with EPS significantly exceeding expectations.
- TSMC (TSM.N) reported a net profit of 325.3 billion New Taiwan Dollars in Q3, a 54% increase.
- Nokia (NOK.N) had sales of 4.326 billion euros in Q3, an 8% year-on-year decrease.
- Nokia (NOK.N) is advancing its cost-cutting plan and has cut nearly 2,000 employees in the Greater China region.
- Netflix (NFLX.O) is set to release its Q3 financial report, with market expectations of a 33% year-on-year increase in net profit.
- Blackstone Group (BX.N) reported a 5.5% year-on-year profit increase in Q3, exceeding expectations, with the credit department becoming the largest business in terms of company asset size.
- Pony.ai is reportedly seeking an investment of no more than $300 million in its U.S. IPO, with plans to go public as early as this week