See the full story in the original article.
Read the original on thepeninsulaqatar.com ↗
Related news
- Trump new press secretary out after less than week
White House Press Secretary Katie Zacharia, 41, was pushed out on Friday after less than a week in the job, following a series of blunders including claiming to be a lawyer despite failing the bar exam. Her debut briefing lasted less than 15 minutes and took only three questions, and her disparaging remarks about China drew a response from China's Foreign Ministry. The episode is a distraction for 80-year-old President Donald Trump, who is campaigning for Republican candidates before the November 3 midterm elections, as polls show Americans souring over the war against Iran, inflation and perceptions of corruption.
- Trump new press secretary out after less than week
White House press secretary Katie Zacharia was pushed out after less than a week in the job, Fox News and AFP reported. The 41-year-old’s debut briefing lasted under 15 minutes and included just three questions, and she faced criticism after describing herself as a lawyer despite failing the bar exam. President Donald Trump, 80, had told her to “reconsider” the role as his administration faces pressure ahead of the Nov 3 midterm elections, where polls predict heavy losses for Republicans. Zacharia also drew backlash for disparaging China, prompting a response from Chinese Foreign Ministry spokeswoman Mao Ning that she should “visit China more often.” She had replaced Karoline Leavitt, who helped reshape White House coverage of the press.
- Trump new press secretary out after less than week
White House Press Secretary Katie Zacharia, 41, was pushed out on Friday after less than a week in the job, following a series of blunders. She had described herself as a lawyer despite admitting she had failed the bar exam, and her first briefing lasted under 15 minutes with just three questions. Her remark that China “doesn't even have proper toilets” drew a response from Chinese Foreign Ministry spokeswoman Mao Ning, who said she should “visit China more often”. Trump said he had told her to reconsider as he campaigns ahead of the November 3 midterm elections, where polls predict a drubbing, and his own ratings are falling over the war against Iran, inflation and perceptions of corruption.
- Trump new press secretary out after less than week
White House Press Secretary Katie Zacharia was pushed out on Friday after less than a week in the role, following a series of blunders. She had described herself as a lawyer but acknowledged she had failed the bar exam, and her debut briefing lasted under 15 minutes with just three questions. Trump said he had told her to reconsider, while her remarks disparaging China's toilets drew a response from Chinese Foreign Ministry spokeswoman Mao Ning, who said she should "visit China more often." The departure adds to the distractions facing Trump as he campaigns for Republican candidates ahead of the November 3 midterm elections, where polls predict a drubbing.
- Trump new press secretary out after less than week - Americas
Katie Zacharia, 41, was pushed out as White House Press Secretary on Friday after less than a week in the job, which she took over from Karoline Leavitt. She had drawn criticism for describing herself as a lawyer despite failing the bar exam, for a debut press briefing that lasted under 15 minutes with just three questions, and for remarks about China's toilets. Trump, 80, said he had urged her to reconsider, and a Chinese Foreign Ministry spokeswoman responded that she should 'visit China more often.' The episode adds to distractions for Trump as he campaigns for Republican candidates ahead of the Nov. 3 midterm elections, where polls predict a heavy defeat.
- Trump press secretary Katie Zacharia pushed out after a week in the role
White House press secretary Katie Zacharia was pushed out on Oct 16, less than a week after taking the job, following a series of blunders that distracted from President Trump. She had described herself as a lawyer, but acknowledged on Oct 15 that she had failed the bar examination. Her first briefing on Oct 13 lasted under 15 minutes and took just three questions, and her remark about China's toilets drew a response from China's Foreign Ministry on Oct 16. Trump said he had told her she did not have to do this and should reconsider, and her tenure was shorter than the 11-day stint of Anthony Scaramucci. The shake-up comes as Trump, 80, campaigns for Republican candidates ahead of the Nov 3 midterm elections.
Related markets
Latest news
- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.