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- Trump says he'd meet with Putin and Xi, criticizes Zelenskyy
President Donald Trump said he would meet Russian President Vladimir Putin and Chinese President Xi Jinping to discuss ending the Ukraine war, and suggested such a meeting could happen without Zelenskyy present. He said Russia and China have done 'very little' to help Tehran, which has been accused of receiving their support in its military efforts against the U.S. Trump also criticized Zelenskyy's reaction to his decision to waive new sanctions against Russia, saying Zelenskyy 'doesn't know what he's talking about' and should have settled the war long ago. He added that 'it's time for somebody else to negotiate on behalf of Ukraine,' echoing his earlier call for Kyiv to get a new president.
- At 9:27, Russian Defence Ministry issues urgent announcement: Putin's order has begun, one country rattled by weapons that cannot be intercepted
According to a special announcement by Russia's Defence Ministry at 9:27 a.m. local time on October 19, Russian forces carried out an overnight retaliatory strike on Kyiv and nearby areas, targeting the “Data Group” data center and facilities Moscow says produce drone, missile or military-material components. Citing Russian sources reported by TST, air defence units intercepted 1,015 UAVs across several attack waves, while Kyiv was reportedly hit by about 10 ballistic missiles, causing widespread power outages. Putin was briefed on the battlefield and reportedly affirmed the need to continue large-scale strikes on Ukraine's energy infrastructure. U.S. President Donald Trump criticised Zelensky for not wanting peace, arguing that Ukrainian attacks on Russian refineries also affect global energy markets. Ukrainian serviceman Yevgeny Bekrenev assessed that the conflict has reached a stalemate and that prolonged fighting only adds casualties.
- Trump reveals key details of possible three-way US-Russia-China meeting
U.S. President Donald Trump said he is ready to attend a three-way meeting with Chinese President Xi Jinping and Russian President Vladimir Putin, with nuclear weapons and denuclearization on the agenda, possibly linked to his November visit to China. No date or agenda has been agreed yet. Kremlin spokesman Dmitry Peskov welcomed U.S. mediation efforts but stressed that Ukraine must take part in any final peace deal, while Ukrainian Foreign Minister Andrii Sybiha argued that such a meeting would only prolong the conflict. Positions on peace terms remain far apart, and Russia questions Zelensky's authority to sign, claiming his term ended in May 2024.
- Trump waives new Russia sanctions
President Trump has temporarily waived for 60 days some sanctions targeting Russia's energy sector and economy, saying he is negotiating peace and does not want to drive Russia away from the bargaining table. The measures are part of the bipartisan Lindsey Graham Act passed last month, which targets Putin, senior military leaders, Russian financial institutions and energy projects, as well as a 'shadow fleet' of oil tankers, and imposes tariffs on buyers of Russian oil and gas, including China and India. The decision drew criticism: Ukrainian President Zelenskyy called it a historic mistake, and Republican Sen. Darline Graham said she would keep the pressure on Russia. It came a week after Trump revealed a deal letting Russia export diesel to the global market, though analysts say this will do little to lower diesel prices. Gas prices have risen more than 34% year over year, according to the latest government inflation data.
- Trump waives new Russia sanctions
President Donald Trump has temporarily waived some sanctions targeting Russia's energy sector and economy, saying he is negotiating peace and does not want to drive Russia away from the bargaining table. The administration said the waiver will last 60 days. The sanctions are part of the bipartisan Lindsey Graham Act passed last month, which also targets Russian President Vladimir Putin, a “shadow fleet” of oil tankers, and countries buying Russian oil and gas through tariffs. Ukrainian President Volodymyr Zelenskyy called the decision “unfortunate” and “a historic mistake,” and bipartisan lawmakers, including Sen. Darline Graham, also criticized the pause. Gas prices have risen more than 34% year over year, according to the latest government inflation data.
- US resumes sharing intelligence with Ukraine after several days of disruption
Ukrainian President Volodymyr Zelensky said the United States has resumed sharing key intelligence after a pause, which helps Ukraine defend against Russian ballistic missile attacks. On October 14, he said the Trump administration had warned that sharing could be suspended unless Ukraine stopped attacking Russian oil refineries. In an interview with NBC's Meet the Press on October 18, Zelensky said everything was now working normally and he hoped talks with the US could take place this week. President Trump said Washington would keep sharing intelligence, even though Ukrainian officials said some Russian strikes came without warning. Kremlin spokesman Dmitry Peskov called Ukraine's long-range strikes, including the night-of-October-17 attack on St. Petersburg, desperate efforts that would not change the outcome.
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- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.
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