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- Trucking bankruptcies pile up as diesel stays near record
- Trucking Diesel Squeeze Isn't Letting Up
Bob Costello, chief economist of the American Trucking Associations, says diesel prices are unlikely to fall soon, with the national average at US$6.276 per gallon as of October 19, up nearly 10 cents from the previous week and US$2.656 higher than a year ago, while California reached US$8.242. Costello says distillate stocks are historically low for this time of year and Brent crude topped US$109 a barrel on October 15, which he says does not bode well for prices heading into the fall freight season. The ATRI annual survey, released at the ATA conference, ranked fuel prices as the industry's top concern, only the fourth time in the survey's 22-year history. Costello also noted that the US Strategic Petroleum Reserve fell to 282.9 million barrels, its lowest since October 1982, and said the reserve cannot be drained to zero, so crude prices could rise once releases stop. Economist Peter Schiff, in a social media post, predicted oil could reach US$150 a barrel after the midterm elections, a personal forecast.
- Record 172 million pounds of food distributed to food shelves amid high inflation , diesel prices
Second Harvest Heartland, a Minnesota food bank, reports it distributed more than 172 million pounds of food to food shelves statewide in fiscal year 2026, a record that is up 20 percent over the last four years and 500 percent over two decades. Demand is still accelerating as visits rise and food shelves open more hours, and Minnesota residents made more than 9 million food shelf visits last year. Drivers include government shutdowns, inflation, rising fuel costs and federal cuts to SNAP and Medicaid. Diesel prices have risen 70 percent since March, adding $20,000 in monthly expenses, which forced the food bank to scale back some items such as California citrus. The organization continues to advocate for more state and federal funding to keep up with demand.
- Drug launch prices remain near record highs
- Apple Faces ‘Slightly Challenging’ Earnings Setup Near Record Highs, Morgan Stanley Says — Sees Limited Upside Potential
Morgan Stanley sees a “slightly challenging near-term setup” for Apple ahead of earnings, expecting limited upside to quarterly results and possibly softer holiday-quarter guidance. It kept an Overweight rating and $355 price target, about 4.6% above Apple’s $339.50 close, and expects December-quarter revenue growth slightly below estimates. Apple’s latest quarterly revenue rose 16% to $109.4 billion, with a 50.1% gross margin that included about two percentage points from tariff refunds. Loop Capital downgraded the stock to ‘Hold’ and cut its target to $330 from $370, saying Apple had reduced planned iPhone shipments by 10%. Apple reports on November 2, and its shares have risen over 26% so far this year.
- Palantir Stock Is Near a Record High. Should Investors Sell?
The article advises Palantir shareholders not to sell simply because the stock has soared, but also not to hold blindly. Its second-quarter 2026 results were strong, with revenue up 93% year over year to $1.94 billion and an adjusted operating margin of 62%. However, with the stock closing at $200.50 on Oct. 15, 2026, a market capitalization of about $482 billion and a trailing P/E of around 171, investors are paying a substantial premium for continued success. The article suggests asking whether you would buy at today's price, whether Palantir has become too large a share of your portfolio (a 30% position falling 50% would cut the portfolio by 15%), and whether the investment thesis has changed. Holding can be reasonable if the outlook and position size still make sense, while trimming may be sensible if the stock dominates the portfolio or the valuation leaves little room for disappointment.
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Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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