American financial services firm shaping investment research and software
Energy majors have reported bumper profits as Middle East conflict drives oil and gas prices higher. ExxonMobil, Chevron, and Shell show sharp year‑over‑year gains amid volatile supply routes, while traders warn against overreliance on geopolitics for long‑term gains.
Public market debut of Jersey Mike’s raises about $1 billion at a $7.3 billion valuation. Blackstone introduces broad employee ownership for corporate staff, while franchisees and store workers remain ineligible. Reformation mirrors a cautious IPO environment with steady demand but muted first-day gains. The wave of private equity-backed listings shows resilience amid volatile markets.
Financial advisors say retirees should blend equities with steady income to combat inflation and longevity risk. The guidance shifts away from ultra-conservative portfolios, urging personalized allocations that may include 40%–60% equity exposure, international holdings, and diversified income sources. Updates reflect aging demographics and persistent market volatility.
Federal court action by 29 state attorneys general accuses Meta of designing Facebook and Instagram to encourage endless scrolling and collecting data on minors. The case could force structural changes to the platforms and may carry penalties approaching hundreds of billions, dwarfing prior fines. Meta contends the allegations are flawed while facing losses in Reality Labs and heavy AI spending.
Canada has matched the United States’ 50% tariffs on a broad range of goods, escalating a tense trade war. Ottawa says it will apply counter-tariffs across sectors including steel, dairy, appliances and electronics, while promising support for affected businesses as talks stall. The row centers on autos, housing materials and consumer items, with markets reacting to the broader clash over sovereignty and trade rules.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.