Paul Tudor Jones says 2027 could be a really challenging year for the stock market
The billionaire investor said that corporate buybacks, along with mergers and acquisitions, that have been a tail wind for the bull market are about to turn.
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The billionaire investor said that corporate buybacks, along with mergers and acquisitions, that have been a tail wind for the bull market are about to turn.
Australian economy | Interest rates have risen to 15-year highs and are pushing up mortgage default risks – but household spending…
Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports.
The WNBL entered a much hyped new era last season under private ownership. Now Australia's longest running elite women's domestic sporting competition is hoping to build on the gains, under the leadership of one of the all-time greats.
The potential Disney deal comes roughly a year after the entertainment giant hit Character.AI with a cease and desist letter claiming it was using its iconic characters for "grooming and sexual exploitation" and "emotional manipulation."
Ships around the Strait of Hormuz are suffering their worst attacks of the war so far, with 24 ships struck in the past two weeks — causing oil exports to plummet to less than half the pre-war flow.
Volkswagen sold 1,421 electric cars in the United States in the third quarter, a 90% fall, after ending ID.4 production and halting imports of its electric minivan. In Europe battery electric cars took 29% of new registrations in August. Volkswagen sold 1,421 electric cars in the United States between July and September.
That is 90% […] This story continues at The Next Web
Europe is testing a new response to China Shock 2.0, betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach.Why it matters: More of the world is beginning to confront the threat that China's industrial overcapacity poses to their industries.
But protecting individual sectors will not solve the bigger problem: China's factories are cranking out far more than its own economy can absorb.Driving the news: The European Union and China struck a preliminary deal on Friday to sharply limit Chinese hybrid vehicle exports to Europe.The EU plans to initially cap Chinese hybrid and plug-in hybrid imports at 350,000 annually, potentially starting as early as December.The cap would more than halve projected Chinese hybrid shipments, which were on track to reach roughly 800,000 this year, an EU official told reporters.Imports totaled 302,000 in 2025. (Chinese officials Monday noted that the deal still allows its automakers to increase shipments from last year's levels.)Vehicles exceeding the quota would be blocked rather than face additional tariffs.The backdrop: France and Germany last week proposed giving Brussels sweeping new powers to restrict market access over unfair trade practices, a striking shift for Germany, which opposed EU tariffs on Chinese EVs in 2024.European Commission president Ursula von der Leyen warned in her annual address last month that the bloc's trade deficit with China had reached a "tipping point.""Some say the second China shock is looming.
But it's already here," von der Leyen said.What they're saying: EU leaders are considering tougher powers to confront Chinese trade practices, including one resembling the authority Washington has used to impose sweeping tariffs on Chinese goods.The agreement could dampen momentum for harsher measures, making member states "hesitant this week to rock the boat," Daniel Mullaney, an Atlantic Council senior fellow and former U.S. trade official, tells Axios.Washington is pushing trading partners to join forces against China's industrial overcapacity."It's really hard for any one country to make progress on that if you don't have allies on your side," Mullaney says.By the numbers: Chinese automakers ramped up hybrid shipments to Europe after the EU imposed steep tariffs on fully electric vehicles in 2024.New data released yesterday shows that China's global passenger vehicle exports surged 64% in September, to 919,000, even as domestic sales fell 27%.What to watch: Europe's deal could shift pressure to other industries — or perhaps even other nations — without addressing the underlying imbalances driving China's export boom.Economist Michael Pettis argued over the weekend that the agreement would do little for European manufacturing overall."EU producers of hybrids will be better off, but at the expense of other EU manufacturers," he wrote on X.The bottom line: Europe's deal may provide breathing room for its automakers.
But China's industrial might — and the pressure it is inflicting on manufacturers around the world — is not going away.
The prime minister and the treasurer face their relative powerlessness to stem criticisms because the big wheels of the economy are set internationally.
The DP World Tour banned LIV Golf players as the league's Chapter 11 bankruptcy deepens and Jon Rahm calls the "LIV 2.0" restructuring plan unacceptable.
Chip stocks sank as South Korea's stock market endured a heavy round of selling, driven by concerns about valuations and competition from China.
The dramatic warnings of doom have fed an atmosphere of despair. But there are more constructive responses.
Letters | Terry Peach responds to Kemi Badenoch’s conference speech, while Penelope Turton writes on her promise to cut inheritance taxKemi Badenoch’s conference speech rehearsed the argument that Andy Burnham’s economic policies were warped by his “nostalgia” for the 1970s, unlike her own forward-looking programme for “a better tomorrow” (Tories accused of prioritising rich voters as Badenoch lays out inheritance tax cut plan, 7 October).She appears not to see that her preference for a lesser-regulated capitalist market economy, with lower public expenditure, taxes and national debt, coupled with “tough love” welfare policies, is itself harking back to arguments that have circulated for centuries.
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Gas price hikes and supply chain issues stemming from the Iran war are driving everyone bananas – including actual banana companies.
EU economy chief Valdis Dombrovskis told AFP on Tuesday that Russian diesel sales recently authorised by the United States were unlikely to move the price of the commodity, which has spiked since the start of the Iran war. US President Donald Trump announced on Friday that he had spoken to President Vladimir Putin and they had struck an agreement for Russia to release large amounts of diesel onto world markets, a bid to lower prices that have spiked since the US leader launched the war on Iran on February 28.
RIYADH — Yemen's Iran-allied Houthis said Saudi Arabia was attacking the Yemeni capital Sanaa on Tuesday after a Saudi-led coalition warned civilians to stay away from an oil depot on the city outskirts, part of a rapidly escalating war between the sides. The Houthis have for a week been targeting Saudi airports, including a strike on Riyadh on Saturday that killed 13 people, in retaliation for the kingdom's backing of government forces against the Houthis in Yemen's reignited civil war.
Houthi-run Al-Masirah television reported that the Saudi-led coalition had targeted the Yemen Petroleum Company's Sabah central station, a fuel depot on the outskirts of Sanaa. YPC said the facility did not currently hold any stocks of petroleum products and that targeting it did not affect oil reserves or supply chains.
However, the Houthis had earlier threatened a "harsh and painful" response to any strikes on Sanaa, with spokesperson Yahya Saree saying targets could include the Saudi Aramco headquarters in Dhahran and an oil refinery in Riyadh. The group renewed earlier warnings it had issued to oil
PARIS — Cyberattacks have disrupted European supermarket chains, causing refrigeration systems to overheat at hundreds of stores in France and forcing a major grocer to shut down websites serving customers in Europe and the United States. French Finance Minister Roland Lescure told Parliament on Tuesday that about 700 of the country’s 10,000 supermarkets were affected.
He said there was no risk to France’s food supplies but acknowledged that the attack “touches the heart of our food security.” ″It was a wake-up call for everyone,” he said. The Paris prosecutor’s office said Tuesday that its cybercrime unit was investigating the large-scale attack, including the extent of damage caused by spoiled food and possible fires.
Dominique Schelcher, CEO of French grocery chain Cooperative U, said 80 of the company’s 2,000 stores were affected. Most managed to prevent disruptions to refrigeration, but some had to discard food, he said in a post on X. “Targeting equipment essential to the preservation of fresh products is an attack on the French food supply chain.
It is unprecede
A flight was cancelled when passengers in the economy section complained to crew they had been bitten by bedbugs
Qatar's emir outlined in a speech to the nation how the Gulf nation has managed to overcome the consequences of the Iran war and will emerge stronger and better equipped to adapt to global changes by diversifying its economy and focusing on non-carbon industries.
Only five years into its journey, Character.AI, which lets users create AI characters and have conversations with them,…
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Top social media influencers will receive some payments from platforms like YouTube but the big money comes from brands
Help-to-buy initiative for England could slow market while first-time buyers wait for launch, builder admitsBusiness live – latest updatesThe new Your First Home programme for first-time buyers could increase the number of houses British builder Bellway produces each year by 10%, its boss has said.Faced with a chronic shortage of homes, the government has made housing one of its top priorities and Andy Burnham’s surprise announcement of the YFH scheme a fortnight ago sent housebuilders’ shares soaring by more than 10%.
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An NIPFP study reveals that since late 2022, India's long-term bond yields have become far less sensitive to inflation and money supply growth, while short-term rates have become more responsive.
Czech venture capital firm DEPO Ventures made the first investment from its new Ukraine Fund into Zvook, a Ukrainian defense tech startup. This critical funding will support regional technological innovation and help scale the company's AI-powered acoustic threat-detection sensors.
JPMorgan reported an 8% drop in third-quarter investment banking fees compared with the second quarter, even as fees increased
The company said the platform became "costly to develop and grow," in Monday filings to the Delaware District bankruptcy court.
September is the second month in a row that the annual sales pace has remained below 4 million.
Jones pointed to factors that could alter supply and demand for stocks. He said the bifurcation between AI and the rest of the market recalls 1999.
Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite.
Senior trade writer Alan Beattie and economics columnist Soumaya Keynes will answer reader questions in a live Q&A on Thursday October 15 at 1pm (BST)
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explicare.deDonald Trump’s plan to import Russian diesel despite Western sanctions has sparked fierce criticism in Washington, including from Republicans, as high fuel prices and the upcoming midterm elections put pressure on his administration. His approach to the Ukraine war has also drawn controversy, with calls for Kyiv to hold elections and claims of an energy ceasefire announced without clear agreement from the parties involved.
FRANCE 24's Douglas Herbert has the analysis.
Liz Hoffman: Austan Goolsbee, welcome to the show. Austan Goolsbee: Thank you for having me. Liz: You are…
Chatbot platform Character.AI said on Monday it has filed for bankruptcy in the U.S. and has agreed to sell some assets for US$20 million to Walt Disney.
Data: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments. Corporate America is raking in record profits, luxuriating in luscious margins and capturing the largest chunk of the country's income on record.Why it matters: The corporate bonanza is bolstering the stock market, but it may also be playing a role in the persistently sour sentiment among the American electorate.The latest: Tuesday is the unofficial start of third-quarter earnings season as JPMorgan Chase, Goldman Sachs and others report results.
Zoom in: Wall Street expects the members of the blue-chip S&P 500 index to continue to make it rain.Third-quarter earnings per share are expected to grow roughly 29% for the index, compared with the quarter in 2025, according to estimate data collected by FactSet. That's after a massive 50% annual increase in second-quarter earnings that was supercharged by the giant, non-operating gains on valuations of tech investments reported by Amazon and Alphabet.
(Amazon, for example, penciled in its stake in Anthropic as boosting its profit by more than $50 billion.)But even without those enormous gains, the numbers were quite strong, thanks to the AI boom that analysts expect to keep powering giant profits. What they're saying: The market is still all about AI, but the gains are extremely concentrated."At the stock level, AI infrastructure stocks are expected to drive more than half of S&P 500 EPS growth in Q3," wrote Ben Snider, chief U.S. equity analyst with Goldman Sachs.
Snider noted that more than two-thirds of the total growth in S&P 500 earnings for the quarter is expected to come from just 10 stocks.What's more, Micron Technology and Nvidia alone are expected to generate more than one-third of the growth in earnings for the blue chips, Snider wrote.
The big picture: Broader measures of U.S. corporate profitability captured by economic — rather than stock market — data also seem to show remarkable strength.For the economy as a whole, after-tax corporate profits in Q2 jumped 18.2% compared with the same quarter of 2025. And key measures of corporate profit margins across the entire U.S. economy are some of the fattest on record.
Data: FactSet, U.S. Bureau of Economic Analysis; Chart: Axios/Matt Phillips; Note: After-tax U.S. corporate profits, including inventory and capital consumption adjustments as a share of gross value added of U.S. corporate business. Reflects profits made within the U.S.; does not include profits produced overseas. The other side: Boom times for corporate America have a flip side, however, with the so-called labor share of national income collapsing to some of the lowest levels on record.
The labor share tells you what percentage of the giant paycheck produced by the U.S. economy goes to workers in the form of wages and benefits, rather than to corporate profits, dividends, rents and interest paid to other economic actors, commonly summarized as "capital."The bottom line: That decline helps explain the persistently sour mood of the American public toward the economy and its deep skepticism toward the AI boom that's producing this bonanza for American corporations.
JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.
The Pentagon has already replaced Anthropic’s AI models, with no operational impact, Palantir’s chief technology officer, Shyam Sankar, said on CBS’s Face the Nation on Sunday. “It’s already been replaced,” Sankar said. The Pentagon stopped using Anthropic’s products after a dispute over its safeguards for military AI.
It labelled the company a supply chain risk. […] This story continues at The Next Web
WASHINGTON — The House speaker stood before Donald Trump during his first term at the White House and pointed a finger declaring that with this president, “All roads lead to Putin.” The stark assessment years ago from Nancy Pelosi echoed anew after Trump’s surprise announcement last week that he struck a deal with Russian President Vladimir Putin to import tons of Russian diesel to the U.S. as a way to ease sky-high prices at the pumps for Americans ahead of the midterm elections.
Trump’s diesel deal with Putin has been criticized by both Republicans and Democrats as fueling Russia’s war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia. It joins a growing list of instances where the president has sided with Putin , often at the expense of Ukraine — and America’s own standing.
“The harm to the Ukrainians is real,” said William Taylor, a former U.S. ambassador to Ukraine, now a senior fellow at the Atlantic Council, in an interview Monday. “And the cost to us, the United States, is high.” It’s not at all clear the Trump-Putin deal
A statistical history of the IMF’s forecasts reveals a picture of higher growth and worse inflation
A former theater director has found an unlikely – and highly profitable – niche on Kalshi
President Lee Jae Myung called Tuesday for a firm government response to the spread of false information about eggs imported from Brazil. During a closed-door session of a Cabinet meeting at Cheong Wa Dae, Lee asked Agriculture, Food and Rural Affairs Minister Song Mi-ryung how she was responding to the spread of misinformation about Brazilian eggs, according to presidential spokesperson Kang Yu-jung.
Lee emphasized that "we must make it clear that stirring up public sentiment with false information is not a demonstration of influence or competence," Kang added. Earlier, some media outlets reported that the government had imported eggs from Brazil at a cost of 39,000 won per tray and sold them domestically for around 4,000 won.
The reports sparked criticism over the excessive use of public funds in the import process. Some critics went so far as to allege a so-called "left-wing connection," citing political ties with Brazilian President Luiz Inácio Lula da Silva. The Ministry of Agriculture, Food and Rural Affairs explained that the imports were a precautionary measure aimed at addressi