π¨ According to CONSENSUS IF, Severstal's EBITDA increased nearly 4% year-on-year in Q3, with free cash flow turning positive. The company's earnings report is scheduled for October 20.
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π Tesla's new Roadster is not guaranteed for delivery. The contract includes a clause stating the company cannot ensure delivery timelines or even guarantee the vehicle will go into production. For more details, visit Tesla 'cannot guarantee' your Roadster pre-order will ever be delivered.
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π JPMorgan launches its deposit token, JPM Coin, on the Ethereum blockchain. The move aims to serve institutional clients and enhance blockchain-based banking services. For details, see this article.
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π European Commission's Josep Borrell did not warn tourists about issues in the "Paradise Garden", causing disappointment among visitors. Tourists are voicing concerns over the unexpected problems encountered during their visit.
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β οΈ NATO countries plan to hold talks by the end of October to assess weapon needs in case of a conflict with Russia, according to POLITICO.
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β οΈ EU - UBS now expects the ECB to raise interest rates in December 2026 and March 2027, reversing previous forecasts that the rate hike cycle would end in December 2026.
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πͺπΊ French stocks pulled down the European index STOXX 600 today, according to Reuters (RTRS). The decline reflects ongoing market volatility across Europe.
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β¬οΈπ’πͺπΊ Gas prices in Europe have reached levels not seen since December 2022, signaling a potential shift in the energy market and impacting European consumers and industries. For more details, visit this link.
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π China will allow more foreign brokers to operate in its domestic currency market, according to Xinhua. This move aims to open up the financial sector and attract more international firms into Chinaβs forex industry.
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β οΈ The Federal Reserve fears a repeat of the 1970s, when inflation temporarily declined before soaring again. The inflation trend in the US now reflects concerns about history repeating itself, with Iran understanding these dynamics. Learn more about inflation patterns at history.com.
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π Volkswagen plans to freeze salaries for 660,000 employees until 2030 as part of its restructuring, according to SΓΌddeutsche Zeitung.
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π¨Former President Trump claims that migrants have taken over France and urges immediate border closure, as tensions rise amid ongoing unrest. For more details, visit Reuters.
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π«π’πͺπΊπ·πΊ The European Commission rejected the US proposal to resume gas imports from Russia amid discussions on Ukraine's ceasefire. They confirmed no sanctions against Russia will be lifted until the conflict ends, stated EU Commission spokesperson Paula Pinu at a Brussels briefing (Π’ΠΠ‘Π‘).
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π¨ The European Commission expects partner countries to provide β¬25 billion by 2027 to support Kyiv, says EC representative Balash Ujvari. Total needs for ongoing conflict funding are estimated at β¬70 billion in 2027. The EU may allocate β¬30 billion to Ukraine by late 2026 if reforms are implemented, Ujvari adds. More details at ec.europa.eu.
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π¨ Ukrainian President Zelensky links current tensions with Trump to the U.S. midterm elections on November 3, hoping for improved relations afterwards, according to BBG. Experts note Zelensky's public break with Trump, who is known for his vindictive nature. The NYT, FT, and Le Figaro report that relations between Trump and Zelensky are likely over.
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π₯πΊπΈ CRWV shares rose by 6% as Goldman Sachs stepped in to support CoreWeave (the same) and upgraded their rating to "BUY".
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π¨ NATO has begun military exercises in Lithuania's Klaipeda port and western regions, focusing on countering hybrid threats in the Baltic Sea. The drills, taking place from October 19 to 30, involve NATO forces as part of ongoing regional security efforts. For more details, visit LRT.
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π₯ Binance conducted its 37th quarterly token burn, destroying 1.65 million BNB tokens, continuing its effort to reduce supply and support token value. For more details, visit binance.com.
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π MicroStrategy bought 267 BTC last week, bringing its total to 848,517 BTC. CEO Michael Saylor believes a bull market has started and expects BTC to soon surpass $100,000.
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