Market Updates
Stocks showed little change on Thursday as investors anticipated inflation data. S&P 500 futures fell 0.2%, Nasdaq-100 futures dropped 0.05%, and Dow Jones futures declined by 0.14%. September's Consumer Price Index rose 0.2%, increasing annual inflation to 2.4%.
TD Bank Pleads Guilty
TD Bank admitted to a criminal money laundering case, agreeing to pay $3 billion in fines. The bank failed to monitor $18.3 trillion in customer activity over six years, facilitating $670 million in illicit transactions.
JPMorgan Exceeds Earnings Expectations
JPMorgan Chase reported better-than-expected earnings, with $4.37 per share and $43.32 billion in revenue, surpassing analyst forecasts. Despite a 2% profit decline, the bank benefited from higher interest rates.
Tesla's Cybercab Disappoints Investors
Tesla revealed the Cybercab, a two-seater autonomous vehicle, but investor reaction was underwhelming. Tesla's stock dropped more than 5%, with analysts citing a lack of near-term opportunities in the announcement.
AMD Launches AI Chip
AMD unveiled its new Instinct MI325X AI chip, designed to compete with Nvidia's GPUs in the data center market. If successful, AMD's entry could challenge Nvidia’s dominance, which holds over 90% market share.
Stocks showed little change on Thursday as investors anticipated inflation data. S&P 500 futures fell 0.2%, Nasdaq-100 futures dropped 0.05%, and Dow Jones futures declined by 0.14%. September's Consumer Price Index rose 0.2%, increasing annual inflation to 2.4%.
TD Bank Pleads Guilty
TD Bank admitted to a criminal money laundering case, agreeing to pay $3 billion in fines. The bank failed to monitor $18.3 trillion in customer activity over six years, facilitating $670 million in illicit transactions.
JPMorgan Exceeds Earnings Expectations
JPMorgan Chase reported better-than-expected earnings, with $4.37 per share and $43.32 billion in revenue, surpassing analyst forecasts. Despite a 2% profit decline, the bank benefited from higher interest rates.
Tesla's Cybercab Disappoints Investors
Tesla revealed the Cybercab, a two-seater autonomous vehicle, but investor reaction was underwhelming. Tesla's stock dropped more than 5%, with analysts citing a lack of near-term opportunities in the announcement.
AMD Launches AI Chip
AMD unveiled its new Instinct MI325X AI chip, designed to compete with Nvidia's GPUs in the data center market. If successful, AMD's entry could challenge Nvidia’s dominance, which holds over 90% market share.