Friday brought fresh developments on the US-China trade front, the federal workforce, and tech regulation. President Trump threatened steep tariffs on Chinese imports amid rare earth export controls, while federal layoffs began as the government shutdown hit day ten. Meanwhile, China launched an antitrust probe into Qualcomm, highlighting rising tensions in global tech and trade
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20Activist investor Elliott Management says PepsiCo’s (NASDAQ: PEP) North American beverage unit has underperformed Coca-Cola for years due to its vertically integrated bottling operations. PepsiCo acquired its bottling business after the great financial crisis, a move that made its beverage supply chain more operationally intensive and less margin-efficient. According to the activist hedge fund, PepsiCo
18US markets fell hard on Friday after President Donald Trump threatened to impose a “massive increase of tariffs on Chinese products,” reigniting investor concerns about a renewed US-China trade conflict. The comments triggered a broad market selloff, erasing early gains and sending major stock indexes sharply lower. Stocks reverse gains as trade tensions resurface The
17The number of oil and natural gas rigs, operating in the US fell this week for the first time in six previous weeks, energy services firm Baker Huges said in a Friday report. The total number of operational rigs fell by two, settling at 547 in the week to October 10, according to the report.
18SovEcon, a leading agricultural analytics agency, has scaled up its projection for Russia’s 2025 wheat harvest. The revised forecast now stands at 87.8 million metric tons (MMT), a notable rise from its previous estimate of 87.2 MMT. This upward adjustment is primarily attributed to unprecedented and record-breaking yields observed across the Siberian region. Favourable growing
24US stock markets fell sharply on Friday after President Donald Trump threatened a “massive increase of tariffs on Chinese products,” accusing China of “becoming very hostile” with its restrictions on rare earth metals. The metals are critical for both the tech and defense industries, and the remarks immediately triggered a broad market sell-off, erasing early
18US President Donald Trump announced on Friday sweeping new tariffs on China, declaring an additional 100% tariff on all Chinese goods and tighter controls on exports of critical US software, effective November 1, 2025. Trump says the move is a direct response to what he called China’s “extraordinarily aggressive” trade tactics, especially Beijing’s new plans
12Wall Street is looking at a volatile week ahead as US President Donald Trump’s latest tariffs on China is expected to increase the uncertainties among investors. The ongoing government shutdown is already testing the nerves of the market, and adding geopolitical tensions to that will work as a perfect recipe for a storm. Q3 earnings
16Qualcomm CEO Cristiano Amon met with Indian Prime Minister Narendra Modi on Saturday, as the Asian country looks to ride the wave of the global AI boom. The meeting, which came on the sidelines of India Mobile Congress 2025, came as the Indian administration is looking for more partners in the chipmaking world and to
19From a new US-China trade flare-up to an unexpected Nobel twist, this week was packed with major global headlines. President Trump slapped a 100% tariff on Chinese imports, Venezuela’s María Corina Machado won the 2025 Nobel Peace Prize, Israel and Hamas agreed to a fragile ceasefire, AMD partnered with OpenAI, and the UK-India relationship got
