Chinese stocks slide as Trump threatens tariffs, accuses Beijing of holding world ‘captive’

Chinese stocks in the U.S. dropped significantly after Donald Trump’s warning of increased tariffs on Chinese imports, reigniting tensions between the nations. Tech giants like Alibaba and Baidu saw steep declines. Investors are anxious about renewed trade hostilities affecting global markets, even as Chinese equities previously regained confidence this year.

CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

The Labor Department will resume work on September’s consumer price index report despite the federal government shutdown. The report, essential for Social Security cost-of-living adjustments, will be released on October 24, after being delayed. Other Bureau of Labor Statistics data releases remain affected by the ongoing funding lapse.

Applied Digital stock climbs 16% as AI demand fuels data center growth

Applied Digital has experienced remarkable growth, with shares soaring 350% this year after a strong first-quarter report. The company has expanded its partnership with CoreWeave, highlighting demand for AI data centers. Despite a net loss, its infrastructure and revenue momentum position it as a leader in AI-driven digital solutions for the future.

From Spreadsheets to Alpha: How FiMo Copilot is Reshaping Wall Street

FiMo Copilot, developed by MBA students from CEIBS, modernizes financial analysis by transforming traditional spreadsheets into dynamic models. This software allows analysts to quickly query financial scenarios, reducing reliance on manual data cleaning. Supported by major tech firms, the startup aims to streamline financial modeling and enhance efficiency in Wall Street operations.

Tesla faces U.S. auto safety probe after reports FSD ran red lights, caused collisions

Tesla is facing federal scrutiny over safety concerns related to its Full Self-Driving (FSD) system, with a new investigation by the NHTSA prompted by reports of serious driving errors. The probe, encompassing 2.88 million vehicles, examines whether the system provides adequate warnings and effectively reacts to traffic signals, amidst ongoing debates about vehicle autonomy.

Early Revolut backer invests in AI-focused finance software startup Light

Light, a Copenhagen-based startup founded in 2022, is transforming financial automation in Europe with its intelligent software that streamlines corporate finance tasks. Recently securing $30 million in Series A funding, Light aims for rapid international expansion. With a focus on empowering businesses through AI, it is reshaping how finance operates.

Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs

Financial experts are recommending that U.S. investors diversify globally rather than focus solely on domestic markets. With U.S. equities thriving, emerging markets like India and Southeast Asia present promising opportunities for growth. Experts emphasize that a shift toward international investing could enhance long-term stability and returns, particularly in technology and consumer sectors.

Missing this pay date may be too much for Trump and Congress to prolong shutdown

The ongoing U.S. government shutdown may pivot on military pay, impacting over 1.3 million active-duty service members. Economists suggest the October 15 military payday could compel Congress to act, but skepticism remains about reaching an agreement. Without resolution, public outrage and economic fallout could intensify, affecting essential services and consumer confidence.