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- Trump 'not happy' with Kimberly Guilfoyle, weighs firing her as ambassador to Greece
President Donald Trump said he is 'not happy' with Kimberly Guilfoyle and is considering firing her as U.S. ambassador to Greece, following a series of critical Wall Street Journal articles about her conduct before and after taking the post. The reports described her push for U.S. allies in Eastern Europe to buy American natural gas through Greek firm Aktor Group, her frequent travel with a top Aktor lobbyist, and an alleged request for $100,000 from a Trump donor. Her lawyers denied any wrongdoing, saying the money was payment for speaking engagements and that her travel followed State Department guidance.
- Americans Keep Shopping as They Shrug Off Higher Prices
U.S. retail sales rose 0.8% in September from August, more than double what economists had expected, though down from a 1.3% increase in August. The National Retail Federation forecasts consumers will spend $1 trillion in November and December, up 4.2% from 2025, even as inflation has outpaced pay raises and inflation-adjusted incomes have fallen over the last six months. Much of September's gain came from higher gas prices, but spending also rose at online stores, restaurants and grocery stores. The article notes, however, that spending is largely propped up by the wealthiest households amid a booming stock market, while many others are cutting into savings and treading water.
- Warren Buffett Paid About $1.3 Billion for Berkshire's Coca-Cola Shares. They're Now Worth About $37 Billion.
In August 1994, Berkshire Hathaway finished a seven-year buying spree in Coca-Cola, spending about $1.3 billion on 400 million shares that are now worth roughly $37 billion at around $93 per share. Berkshire's annual Coca-Cola dividend has grown from $75 million in 1994 to $816 million in 2025, and the current quarterly rate implies about $848 million a year. The author argues that Buffett's starting yield of about 5.8% cannot be matched today, when a new buyer would receive a yield of about 2.3%, and the stock trades near 29 times trailing adjusted earnings versus 23 times at the end of 2025. Coca-Cola reported 6% organic revenue growth and an 11% rise in adjusted earnings per share in the second quarter of 2026, while management expects 9% to 10% adjusted EPS growth for 2026. The shares have risen about 34% since the end of 2025.
- People in China are spending nearly as much of their income as Americans on healthcare
According to a new IMF book on a new economic growth model for China, high healthcare costs are a major reason people in China save rather than spend. In rural China, 8.7% of disposable income goes to healthcare, second only to the US (nearly 9.9%) among 20 major economies, while urban China ranks third at 5.4%. US per capita disposable income was $68,289 at the end of last year, more than 10 times China's 43,377 yuan (around $6,400), and urban disposable income was more than twice rural income (56,502 yuan versus 24,456 yuan). The IMF said targeted increases in government health and social security spending in rural areas could significantly reduce household savings rates, which are about 14% for rural migrants working in cities and about 6% for urban hukou holders. It also noted that falling house prices are weighing on consumption and keeping household savings elevated.
- Why older Americans' wealth may be helping keep consumer spending strong
Consumer spending in the U.S. has held up despite pressure from housing costs, debt and everyday expenses. Economist Ed Yardeni argues that age, not just income, better explains this resilience, calling it a 'G-shaped economy' shaped by the generational divide. A Principal Financial Group survey of 1,000 respondents found 53% of baby boomers felt able to manage their debt, versus 39% of Gen Z. Fed data show median net worth of families headed by someone 75 or older rose 37% after inflation between 2022 and 2025, while families under 35 saw a 23% decline. A JPMorgan Chase Institute report found 8.2% of individuals moved money from investments to checking accounts in the three months ending April 2026, up from 4% in 2019.
- Indeed, God does not alter the affairs of a people until they alter their own affairs.
The letter to the American people argues that the U.S. launched a war against Iran in violation of international law, with strikes that killed 168 schoolchildren and teachers at an elementary school in Minab and attacked the offices of Supreme Leader Ali Khamenei, killing him and several family members, including his 14-month-old granddaughter. It says the war has killed more than 3600 Iranians, mostly civilians including 400 children, and that eight universities, three hospitals and eight schools were bombed. The authors contend that Iran has won because the United States and Israel failed to achieve their declared objectives, apart from damaging several nuclear-related buildings and a limited number of air-defense sites. They also claim the U.S. government is withholding facts from the American public, who bear the cost of these wars, and promise to address questions such as why Iran has prevailed and how the conflict will end.
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- Meta Earnings: What To Look For From META
Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.
- An AI bust could come from places investors arent watching , an economist says
Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.
- Yen jumps after JGB auction draws big demand , euro finds relief
The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.
- Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low
Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.
- CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.
- NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook
NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.
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