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THE DAILY PULSE


JPMorgan Misses Third-Quarter Estimates as Big Banks Open Earnings Season
JPMorgan Chase kicked off big-bank earnings on Tuesday with a rare miss, reporting third-quarter earnings of $5.75 per share against analyst expectations of $5.93. Revenue came in at about $50.17 billion, short of the roughly $51.23 billion consensus. The report sets the tone for Goldman Sachs, Wells Fargo and Citigroup, which also report this week, and puts large lenders such as Bank of America in focus. Investors will be watching trading revenue, credit costs and net intere
4 days ago1 min read


Gold Climbs Above $4,200 and Silver Tops $60, Lifting Miners
Gold rose more than 1% on Friday to roughly $4,210 to $4,220 an ounce, while silver gained about 2% to near $60.58, lifting precious-metals miners across the market. Metal-mining stocks gained about 2.6% on the day as investors weighed geopolitical risk, elevated oil prices and a Federal Reserve that recently raised rates to a 3.75% to 4.00% range. Gold and silver producers such as Hecla Mining and Pan American Silver are sensitive to moves in the underlying metals, and diver
5 days ago1 min read


All Eyes on Wednesday's CPI After the Fed's September Rate Hike
September inflation data due Wednesday is seen as a key test of whether the Federal Reserve can pause after raising rates to 3.75% to 4.00% last month. The 10-year Treasury yield sits near 5.25%, just off a 24-year high of almost 5.37% reached Wednesday. Retail sales follow Thursday and industrial production on Friday, while big banks begin third-quarter earnings Tuesday. Rate-sensitive holdings such as real estate investment trusts like Realty Income and Agree Realty, as wel
5 days ago1 min read


AI and Chip Stocks Wobble on OpenAI Revenue Report and Apple Order Cuts
Technology shares rebounded Friday after a sell-off a day earlier, when AI and chip stocks fell following a Financial Times report that OpenAI's annualized revenue run rate reached about $50 billion in September, roughly $20 billion below a figure circulated in late September. Separately, Nikkei Asia reported that Apple cut iPhone 18 Pro component orders by 15% to 20% for October. Apple shares fell about 2% and Skyworks Solutions dropped more than 6%, while HP slid about 6% o
5 days ago1 min read


Hurricane Isaias Shuts In Nearly 63% of Gulf Oil Output as Brent Holds Above $100
Hurricane Isaias has shut in roughly 63% of Gulf of Mexico oil output, about 1.28 million barrels per day, with 121 offshore platforms evacuated, according to market reports on Friday. Brent crude eased to about $103 and WTI to roughly $91 after President Trump said the U.S. would not strike Iran before the Nov. 3 midterms. Brent had closed up nearly 4% on Thursday, and Houthi attacks near Riyadh and an Iranian claim of a strike on an LPG carrier kept Middle East risk in focu
5 days ago1 min read


Consumer Sentiment Slips to 46.3, Missing Forecasts and Putting Retailers in Focus
The University of Michigan consumer sentiment index fell to 46.3 in its latest reading, down from 48.1 and below the 47.6 economists expected. Weak sentiment, alongside high fuel prices and Treasury yields near 5.25%, raises questions about household spending heading into the holiday season. Retail and consumer-staples names such as Walmart, Kroger, Coca-Cola and Nike are among the companies watched for signs of shifting demand. Retail sales for September are due Thursday and
5 days ago1 min read


SpaceX Spectrum Deal Sends Telecom Stocks Sharply Lower
Telecom shares suffered their worst session in years on Friday after SpaceX agreed to buy a nationwide portfolio of low-band wireless spectrum. The S&P 500 telecom services index fell 9.7%, its biggest one-day drop since March 2020. T-Mobile US dropped 12.2%, AT&T fell 9.7% and Verizon slid 9.1%, while SpaceX shares rose 1.1%. Investors read the deal as a sign that the satellite company intends to compete directly in mobile service, raising fresh questions about pricing power
5 days ago1 min read


Oil Eases as Trump Says No U.S. Attack on Iran Before Midterms
Oil prices were little changed on Friday after President Trump said on Thursday that the United States would not attack Iran before the November midterm elections. The comments eased some concerns about supply disruption in the Middle East. Energy prices have been volatile in recent weeks as tensions escalated and then cooled. Lower fuel costs would help airlines and transport companies, while energy producers such as Chevron and BP are sensitive to the direction of crude. Ma
5 days ago1 min read


Delta Cuts Annual Profit Forecast by Nearly a Quarter
Delta Air Lines lowered its full-year profit outlook on Friday, trimming the midpoint of its forecast by nearly a quarter. Shares fell about 2% in midday trading. The cut follows a period of elevated fuel costs that has weighed on the airline sector for weeks. Airlines have faced pressure as oil prices swung with developments in the U.S.-Iran standoff. The guidance reset is a cautionary signal for airline stocks such as Delta and American Airlines, whose results depend heavil
5 days ago1 min read


Big Banks Kick Off Earnings Season Tuesday With JPMorgan
The third-quarter earnings season begins in earnest on Tuesday, October 13, when JPMorgan Chase and other large banks report July-September results. Bank of America is among the major lenders expected to report during the week. Investors have been encouraged by improving market breadth and strong results hopes from large technology companies. Banks will offer an early read on loan demand, credit quality and capital markets activity amid elevated interest rates. With the 10-ye
5 days ago1 min read


Stocks Head for Weekly Gains as Treasury Yields Hover Near 24-Year High
Wall Street was on track for weekly gains on Friday, with the S&P 500 and Nasdaq having hit record highs earlier in the week. At midday the Dow was up 0.63% near 51,555, the S&P 500 gained 0.48% to about 7,803 and the Nasdaq rose 0.54%. Optimism ahead of third-quarter earnings and enthusiasm for the AI trade supported sentiment, and 10 of 11 S&P 500 sectors advanced. The Nasdaq was set for a fourth straight weekly gain. High bond yields remain a risk. The 10-year Treasury yie
5 days ago1 min read
Sinclair's Life Bio to Present First Human Data on Epigenetic Reprogramming Therapy ER-100
Life Biosciences will present first-in-human Phase 1 data for ER-100, the first partial epigenetic reprogramming therapy in people, at Eyecelerator on October 8.
Oct 51 min read
Gary Brecka's Ultimate Longevity Center Expands to Australia With 50-Location Plan
Ultimate Longevity Center announced a 50-location Australian rollout on September 23, pushing its global footprint past 300 territories.
Sep 291 min read


Futures Hold Flat as Brent Stays Near $100 and 10-Year Yield Climbs to 5.24%
U.S. stock futures were little changed on Tuesday. S&P 500 futures slipped 0.04% to 7,744 and Dow futures fell 0.09% to 51,791, while Nasdaq-100 futures gained 0.06% to 30,585. Brent crude held near $100 a barrel and WTI traded around $93, keeping pressure on fuel-sensitive sectors. The 10-year Treasury yield jumped 1.08% to 5.24%, raising borrowing-cost concerns for rate-sensitive stocks. Other headlines included AMD's $8.2 billion deal to buy World Labs and reports that Ope
Sep 291 min read


Leaked Anthropic IPO Filing Puts AI Risk in the Spotlight for Markets
A leaked prospectus obtained by Reuters shows Anthropic is targeting a valuation of about $2 trillion in an expected fall IPO, more than double its current $965 billion valuation. The filing reports a 2025 net loss of $42 billion on $4.6 billion in revenue. The document also carries stark warnings about AI, citing potential catastrophic or existential risks to humanity. The details helped keep U.S. equity futures little changed on Tuesday as investors weighed the scale of AI
Sep 291 min read


Super Micro Starts Vera Rubin Rack Shipments, Cites $60 Billion Order Book
Super Micro Computer began shipping NVIDIA Vera Rubin NVL72 racks with liquid cooling, each pairing 72 Rubin GPUs with 36 Vera CPUs. Shares rose about 1.6% to $42.19 in Friday premarket trading. Management points to a $60 billion order book supporting fiscal 2027 revenue guidance of $65 billion to $72 billion, and says AI adoption is broadening across customers into what looks like a multiyear infrastructure cycle. The stock trades about 33% above its 200-day average. Recent
Sep 291 min read


Riot Platforms Sells Bitcoin to Fund Its Shift Into AI Data Centers
Riot Platforms has been selling bitcoin from its treasury to help pay for operations and data center construction rather than raising new debt or equity. At the end of the second quarter it held 11,380 bitcoin worth about $666 million, with 5,821 coins pledged as collateral. The company reports about $9.8 billion in contracted revenue tied to AMD and an AI lab, expected to generate roughly $520 million a year once fully deployed by June 2028. Free cash flow over the past four
Sep 291 min read


Delta Slips After BMO Trims Price Target as Fuel Costs Weigh on Airlines
Delta Air Lines shares fell about 2.5% to $82.80 on Monday after BMO Capital Markets lowered its price target to $100 from $105. The stock now sits roughly 13.5% below its July 2 record high of $95.67. The pullback reflects higher fuel costs hitting the whole airline sector, with American Airlines and United Airlines also trading lower. Elevated crude prices tied to U.S.-Iran tensions remain the main pressure point for carriers' margins. Despite the weakness, options traders
Sep 291 min read


Oil Surges, Wall Street Slides as U.S.-Iran Tensions Escalate
U.S. stock futures fell Monday, September 28, with Dow futures down roughly 250 points, S&P 500 futures off about 0.6%, and Nasdaq futures down near 1%, as renewed tensions between the United States and Iran rattled markets. Reports indicated Washington rejected Tehran's latest proposal to reopen the Strait of Hormuz, reviving a geopolitical risk premium that had eased just days earlier. The escalation sent crude oil sharply higher, with West Texas Intermediate jumping more t
Sep 281 min read


Robinhood Chain Faces Scrutiny Over $18 Million Token "Rug Pull" Allegations
A crypto researcher has raised questions about activity on Robinhood Chain, the company's permissionless Ethereum-compatible layer-2 network, after tracing roughly $18.43 million in extractions across 53 token launches over a two-month period. The largest flows identified included tokens labeled CRUMBS, LEGS and PINK, with extractions of $3.12 million, $2.9 million and $1.44 million respectively. Robinhood has emphasized that projects deployed on the chain operate independent
Sep 281 min read
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