$7 trillion ‘wall of cash’ worry is looming for investors once Fed interest rate cuts start

Americans currently hold a record $7.6 trillion in money market funds due to attractive yields from recent Fed rate hikes. With anticipated rate cuts, investors may seek higher returns in riskier assets. However, experts doubt significant cash movement into equities, citing a shift to institutional investors and minimal incentive for individual account reallocations.

Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown

U.S. Treasury Secretary Scott Bessent warned that the ongoing government shutdown threatens economic growth, possibly reversing gains from recent quarters. While the economy had shown positive momentum, a prolonged shutdown could have severe impacts, especially on the labor market. Bessent affirmed that maintaining stability is crucial amidst political challenges.

Big Oil forced to confront some tough choices as ‘monster profits’ fade into memory

Energy companies are responding to declining crude oil prices by implementing job cuts and reducing costs, jeopardizing shareholder payouts. Once flush with profits, firms like ExxonMobil and BP are shifting from generous dividends to austerity measures to maintain financial stability. The industry faces a new reality of restraint over rewarding investors.

More than half of entrepreneurs are considering moving to a new country. Singapore is their top option

A recent HSBC survey reveals wealthy entrepreneurs increasingly desire relocation, driven by motives like personal safety, education, and lifestyle rather than tax benefits. Over 57% of respondents plan to move within a year, particularly younger generations. Preferred destinations include Singapore, the UK, and Japan, reflecting a pursuit of cultural and personal fulfillment.

Rocket Lab notches 14% gain this week after flurry of new launch deals

Rocket Lab’s stock surged 14% this week, rising nearly 40% over two weeks, reflecting strong investor confidence. The company announced new missions with JAXA and a partnership with Q-shu Pioneers of Space, increasing its market presence. With 21 total missions scheduled, Rocket Lab is capitalizing on growing interest in the space industry.

European markets head for mostly higher open, brushing off new U.S.-China trade spat

European markets are poised for a positive start amid trade tension between the U.S. and China. Despite President Trump’s mixed signals, Asian markets fell, while U.S. futures showed recovery. Investors await third-quarter earnings from major companies and guidance from the IMF and World Bank amid ongoing global economic concerns.

How gold, bitcoin are moving beyond market hedge and boosting investment income

Gold is reaching record highs while Bitcoin approaches $100,000, attracting investor interest in income-generating ETFs. As equities soar primarily due to mega-cap tech firms, and bond markets falter, investors seek alternatives. Strategies using gold and Bitcoin futures now offer stable income options, merging safety and growth potential in diverse portfolios.

Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

In September, the U.S. labor market remained stable, with the unemployment rate at 4.34%. Hiring slowed significantly, with only 204,939 new hires announced, a 58% drop from 2024, marking the weakest pace since 2009. Layoff announcements fell by 37%, yet total job cut plans in 2025 are at a concerning high.

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

Applied Digital’s stock surged 30% after reporting first-quarter results, driven by increased demand for AI data centers. The revenue of $64.2 million exceeded expectations, marking an 84% year-over-year rise. Despite a net loss of $18.5 million, the company is expanding its capacity and is well-positioned for future AI infrastructure growth.