LG Electronics India IPO: GMP hints at ~32% listing pop; what to expect on debut
October 13, 2025, 2:15 AM EDT. LG Electronics India's IPO could see a ~32% listing pop, supported by a GMP of ₹370 implying ~₹1,510 on the ₹1,140 band. GMP is sentiment-driven and volatile. The issue drew record demand: bids worth ₹4.39 lakh crore and overall subscriptions around 54x; QIBs bid about 166x, NIIs ~22x, and retail ~3.5x. It is an OFS, so no new capital. FY25 revenue rose 14% to ₹24,631 crore with PAT up 46%; EBITDA margin 12.8%; ROCE 43%, ROE 37%. Valuation trades near ~35x FY25 earnings; brokers stay positive on growth visibility, distribution strength, and market leadership.
Two Vanguard ETFs to Buy With $100 and Hold Forever: VTI and BND
October 13, 2025, 2:01 AM EDT. Pair the Vanguard Total Stock Market ETF (VTI) with the Vanguard Total Bond Market ETF (BND) to form a simple, durable 60/40 mix for long-term investors. With broad exposure to the U.S. market via VTI and a ballast of BND, you can allocate about $60 to stocks and $40 to bonds per $100. Vanguard's ultra-low fees help compounding, with VTI's expense ratio at about 0.03%. Historically, the 60/40 split offered an attractive balance of return and risk, around 8.8% annualized, while reducing volatility versus 100% stocks. A straightforward buy-and-hold approach to VTI and BND can provide a scalable core for a retirement portfolio.
2 Vanguard ETFs to Buy With $100 and Hold Forever: The 60/40 Blueprint
October 13, 2025, 2:00 AM EDT. Vanguard's low fees and investor-friendly structure make it ideal for a long-term, buy-and-hold strategy. A simple, durable plan is a 60/40 mix of VTI (Vanguard Total Stock Market ETF) and BND (Vanguard Total Bond Market ETF), delivering broad exposure to U.S. stocks and bonds. Historically, the 60/40 split has balanced returns with lower volatility, supporting steady growth for patient investors. VTI tracks the CRSP US Total Market and holds thousands of stocks, weighted toward the largest names (e.g., Nvidia, Microsoft, Apple, Amazon, Meta). This approach keeps costs down while sticking to a core diversified framework-perfect for investors starting with $100 who plan to hold forever and rebalance periodically.
European markets head for mostly higher open as U.S.-China trade tensions simmer
October 13, 2025, 1:59 AM EDT.European stocks are seen opening higher Monday as traders parse a brewing U.S.-China trade spat. The FTSE 100 is flat, while the DAX up about 0.3%, CAC 40 up ~0.3%, and FTSE MIB up ~0.5%, per IG. The move follows last week's rout after President Trump signaled new tariffs on China over its rare-earth exports-minerals critical to high-tech. China, which supplies around 70% of global rare earths, said it isn't intimidated by a trade war and accused Trump of a double standard while threatening retaliation. Asia markets fell as investors weighed the risk; U.S. futures recovered late Sunday. There are no major earnings or data releases today, but this week brings reports from ASML, LVMH and Nestlé as Q3 season kicks off, plus IMF/World Bank meetings in Washington.
Strava eyes IPO as Gen Z trades dating apps for running clubs
October 13, 2025, 1:27 AM EDT. Strava, the 16-year-old fitness app, is lining up a potential public listing after a roughly $2.2 billion valuation and backing from Sequoia, TCV and Jackson Square. The company says it has 50 million monthly active users in 2025, nearly doubling its closest rival, with subscriptions driving momentum. CEO Michael Martin told the Financial Times the IPO would come at some point to fund acquisitions. Strava monetizes through social features like kudos, sponsored challenges, and brand partnerships, and claims revenue is higher than disclosed. The shift toward alcohol-free, social running and events such as the London Marathon has boosted engagement and growth beyond dating apps into running clubs and communities.
Markets open on Columbus Day; bond market closed; banks and post offices observe Indigenous Peoples' Day
October 13, 2025, 1:13 AM EDT. On Monday, Oct. 13, Columbus Day and Indigenous Peoples' Day are observed differently for finance and government. The stock market will be a regular trading day, while the bond market will be closed. Banks broadly close (e.g., Capital One, Bank of America, Wells Fargo, PNC, Truist, Citibank, JPMorgan Chase), though Capital One Cafes may stay open. Post offices close for retail transactions; there are no regular mail deliveries, though Priority Mail Express remains available. For shipping, UPS and FedEx operate with pickup/delivery, and their stores/offices stay open. Government offices and many courts are closed. Indigenous Peoples' Day is not a federal holiday, but observed in some states/cities.
Prediction: Remitly and Portillo's Could Surpass IonQ in 5 Years
October 13, 2025, 1:12 AM EDT. The article argues that while IonQ and other quantum-name stocks have ripped higher, they lack a solid business model and meaningful revenue. By contrast, Remitly Global and Portillo's are growing cash flows and expanding operations, with Remitly posting 34% revenue growth and narrowing losses toward profitability, and Portillo's expansion into new markets. The piece contends that, over a five-year horizon, these more traditional growth stories could surpass IonQ in market value despite the hype around quantum computing. It notes investor concern over regulatory headwinds and the uncertain path to commercialization for quantum tech, while highlighting Remitly's price discipline and Portillo's brand expansion as drivers of real value in the present. Caution remains about execution and external risks.
Tata Capital IPO priced at ₹326, muted market debut after $1.75B issue
October 13, 2025, 1:11 AM EDT.Tata Capital priced its $1.75 billion IPO at ₹326 per share, the top end of the range, and began trading on the NSE and BSE with a muted debut, up about 1.4%. Demand was robust: bids total roughly twice the shares on offer, with institutional demand around 3.4x, non-institutional about 2x, and retail around 1.1x of reserved portions. Joint bookrunners included Kotak Mahindra Capital, Axis Capital, BNP Paribas, and HDFC Bank. Tata Capital, the third-largest nonbank lender by revenue, offers retail loans, SME financing, corporate solutions and infrastructure lending. The Indian IPO market remains vibrant, with 254 IPOs this year raising $11.8 billion through nine months and 146 IPOs in Q3 totaling $7.2 billion. LG Electronics India is set to debut next.
LG Electronics IPO LIVE: GMP Signals 32% Listing Pop Ahead of October 14 Debut
October 13, 2025, 12:58 AM EDT. LG Electronics' IPO GMP today stood at ₹370, signaling a potential listing gain of about 32% for investors, with an indicative listing price near ₹1510 when compared with the ₹1,080-₹1,140 issue price. The IPO drew robust demand, subscribing 54.02x overall; QIBs led with 166.51x, NIIs at 22.44x, and RIIs at 3.54x. The issue size is ₹11,607 crore, valuing the company around ₹77,400 crore at the upper band. The stock is scheduled to debut on the Indian bourses on October 14 following strong grey market activity and institutional interest.
Dow Jones, Nasdaq 100 Futures Rise on BoJ Focus as US Shutdown Drives Fed Cut Bets
October 13, 2025, 12:57 AM EDT. US Senate failure to pass a stopgap funding bill extends the government shutdown, keeping data limited and stoking bets on simpler Fed cuts. CME FedWatch shows about 94.6% odds of a 25-bps cut in October and 79.6% in December. The Nasdaq 100 eyes a seven-month rally as AI names power demand. The Kobeissi Letter reports record retail buying, noting purchases near a record pace that can amplify downside risk amid uncertainty. US stock futures rose Friday: Dow Jones E-mini +68, Nasdaq 100 E-mini +53, S&P 500 E-mini +12. Traders await Michigan Consumer Sentiment data and Fed speakers for policy cues. Futures sit above the 50-day and 200-day EMAs, signaling momentum but a data-driven crossroads ahead.
China Market Rally Faces Test as U.S.-China Trade Rift Flares
October 13, 2025, 12:55 AM EDT. China's stock rebound is facing a test as U.S.-China trade tensions flare again. Fresh warnings over Beijing's rare earth export controls and renewed tariffs revived fears of a tit-for-tat cycle. The rally had been fueled by stimulus expectations and foreign inflows, with the CSI 300 up about 20% and the Hang Seng up roughly 33% year to date, but sentiment could unravel as geopolitical risk reappears. Markets were counting on détente before a potential Trump-Xi meeting, now seen as unlikely. As Sean Darby of Mizuho put it, 'a much more difficult couple of weeks,' and risks point to a sideways move or a pullback. Goldman Sachs warns uncertainty spans many scenarios; a renewed extension of the May truce remains likely, but concessions could be in play.
Should You Forget Palantir and Buy 2 AI Stocks Right Now?
October 13, 2025, 12:44 AM EDT.Palantir has delivered stellar gains but sports sky-high valuations (trailing P/E ~623, forward ~217; P/S ~137). For investors seeking AI exposure without Palantir's baggage, consider two names. Advanced Micro Devices (AMD) has rallied ~90% this year, boosted by a deal with OpenAI to supply 6 gigawatts of Instinct GPUs and a warrant enabling OpenAI to buy up to 160 million shares (potential ~10% stake). Wedbush's Dan Ives calls it a major vote of confidence, with P/E around 101 trailing and ~28.5 forward. The second pick, CoreWeave (CRWV), is a cloud provider renting Nvidia GPUs and AI-ready infrastructure, with Microsoft among its largest clients. These picks aim to balance growth with more digestible valuation in the AI space.
3 Quantum Computing Stocks That Could Make You a Fortune
October 13, 2025, 12:42 AM EDT. Quantum computing carries high risk but potentially high rewards. The article spotlights two pure-play bets, IonQ (IONQ) and D-Wave Quantum (QBTS), which pursue different paths-trapped-ion systems vs. quantum annealing for optimization. It also flags Nvidia (NVDA) as a possible bridge, leveraging AI spending to blend traditional and quantum computing through a hybrid offering. Although viable quantum options are years away, a commercial breakthrough could send these stocks dramatically higher. Investors should weigh the extreme risk against the potential for outsized gains if quantum solutions gain traction by around 2030.
Sensex, Nifty Open Lower on Weak Global Cues; Pharma, Fertilizer Stocks Lead Declines
October 13, 2025, 12:41 AM EDT. Indian shares opened lower as investors awaited key U.S. inflation data and Fed comments this week, weighing on sentiment. The Sensex fell about 267 points to 76,942, while the Nifty slid 70 points to 23,431 in early trade. Several nameplates were in the red: Biocon (-1.3%) after four U.S. FDA observations at its Andhra facility; Cipla (-2%) with six FDA observations for its Goa plant; CarTrade Tech (-3.4%) after a 15.1% equity block sale; Nagarjuna Fertilizers (-4.2%) and GNFC (-3.6%) as GST rate rationalization was referred to a GoM; Prestige Estates (-1%) on a Rs 5,000 crore QIP proposal. Among gainers, Sun Pharma (+2.1%) on Takeda drug in India; IREDA (+1.8%) after a bond issue; Lupin (+0.7%) on an FDA EIR for its Somerset facility.
Australian Shares Extend Losses; ASX 200 Dips Below 7,800 amid Tariff News
October 13, 2025, 12:40 AM EDT. Australian shares extended early losses into mid-session, with the S&P/ASX 200 around 7,790 and the All Ordinaries near 8,000. A negative tone from Wall Street overnight left most sectors weaker, led by iron ore miners and financial stocks, while gold stocks provided the lone bright spot. The White House confirmed that Australia will not be exempt from 25% tariffs on all steel and aluminium exports, taking effect today. Major miners such as BHP Group, Fortescue Metals, and Rio Tinto drift lower, with Mineral Resources edging down. Oil names were mixed; Woodside and Beach Energy fell, while Santos and Origin Energy rose. In tech and banking, names like Block, WiseTech Global, Xero, and the big four banks traded lower. The AUD traded near 0.629 per US dollar.
LG Electronics IPO: Listing Date, GMP Trend, and Key Offer Details Ahead of Market Debut
October 13, 2025, 12:39 AM EDT. LG Electronics Inc's IPO is a book-built offer-for-sale of up to 10.2 crore shares at a band of ₹1080-₹1140. The issue comprises reserve for QIBs, NIIs, and Retail. Of the ~7.13 crore shares on offer, about 2.03 crore are for QIBs, 1.52 crore for NIIs, and 3.56 crore for Retail. The deal is anchored by bankers including Morgan Stanley India, JPMorgan India, Axis Capital, BofA Securities, and Citigroup with Kfin Technologies as registrar. The listing is expected this week with GMP trading ahead of market debut; the offer is entirely a offer-for-sale by the parent. Investors will watch for final GMP, anchor allocations, and market response.
Sorkin warns of 1929 echoes as AI rally fuels bubble fears
October 13, 2025, 12:38 AM EDT. Financial journalist Andrew Ross Sorkin draws alarming parallels between today's markets and the 1929 crash, arguing that record highs driven by the AI/tech rally echo the run-up that preceded the Great Depression. In his forthcoming book, he analyzes how credit expansion and speculative buying helped fuel the prior collapse and asks whether current gains are sustainable or a temporary bubble. Sorkin warns that a crash could come even as markets rebound, labeling today's period a new roaring 20s with AI investments potentially inflating valuations. The piece highlights risks from fragile credit and weakening regulations, and questions when and how deeply a correction might occur.
Sensex, Nifty Seen Opening Lower After Trump's Tariff Threat on China
October 13, 2025, 12:36 AM EDT. Indian benchmarks look set to open lower as investors weigh US-China trade tensions and their global repercussions. After Trump threatened 100% tariffs on China, the mood cooled, with Beijing warning of decisive steps if the US persists. Domestically, traders eye September inflation data and key Q2 results from HCL Tech, Infosys, and Reliance Industries for guidance. Inflation prints due this week, followed by wholesale data. In markets, risk assets wobbled as US indices slid and European bourses also fell on trade fears. The session underscores a fragile near-term path for Sensex and Nifty amid elevated volatility.
Tata Capital IPO Listing Live: Shares to List on Bourses Today; GMP at 0% – Check Expected Price & Details
October 13, 2025, 12:34 AM EDT.Tata Capital, a wholly owned subsidiary of Tata Sons and the flagship financial services arm of the Tata Group, offers a diversified suite including retail, SME and corporate lending, wealth management, investment banking, and distribution of third-party products. The IPO listing is underway today on Indian bourses, with investors eyeing the expected listing price and other mechanics. Headlines note a GMP at 0%, setting the stage for pricing dynamics as the market weighs Tata Capital's growth potential within the Tata Group ecosystem and its impact on the financial services landscape.
LG Energy Solution Q3 Operating Income Rises 34% While Sales Fall 17%
October 13, 2025, 12:28 AM EDT. LG Energy Solution posted Q3 operating income of 601.300 billion won, up 34.1% from 448.300 billion won a year earlier. Quarterly sales were 5.70 trillion won, down 17.1% from 6.878 trillion won in the prior year. The results point to stronger profitability even as revenue declines, suggesting cost management or a favorable product mix supported margins amid weaker demand. The year-over-year growth in income contrasts with softer top-line performance, a pattern seen in parts of the sector as manufacturers balance pricing, supply chain dynamics, and volumes. For more earnings news, visit RTTNews and Nasdaq coverage.
LA Times Raises Up to $500 Million Ahead of 2027 IPO
October 13, 2025, 12:27 AM EDT. The Los Angeles Times is pursuing a private stock sale to raise up to $500 million ahead of a planned 2027 IPO, aiming to fund a growth strategy built around IP, a turnkey content studio, and a gaming vertical. Patrick Soon-Shiong will take $100 million of new shares in exchange for forgiving a loan he made to the Times. The deal is costly: cash dividends would eat about 15% of last year's revenue versus scrip, and the company's 2024 results show a $48 million loss on an unaudited baseline. The pitch argues for a blended platform akin to The New York Times, Twitch, and Vice, tapping California conservatives and leveraging the same small bank used for Newsmax's fundraising, though it faces competition from an LA-based Rupert Murdoch tabloid.
Asian stocks tumble as renewed US-China trade tensions spark sell-off
October 13, 2025, 12:26 AM EDT. Asian stock markets slid as fears of a renewed US-China trade war intensified after Trump threatened to impose triple-digit tariffs on Chinese imports. Beijing's tighter controls on rare earths and new export controls added to the risk, threatening East Asian tech and auto supply chains. In early trading, Korea's KOSPI fell about 1.5%, Taiwan's TAIEX dropped 2.3%, Hong Kong's Hang Seng slid 2.4%, and China's Shanghai Composite eased 1.6% (Australia's ASX 200 -0.5%). The Dow, S&P 500 and Nasdaq logged steep losses on Friday, while Beijing signaled countermeasures but also openness to talks. The episode underscores how tariff escalations and export controls keep markets volatile, with traders watching for details on tariffs, rare earths, export controls, and any progress in negotiations.
Nvidia's Market Cap Five Years From Now: OpenAI Partnership, Rubin Chips, and the AI Data-Center Boom
October 13, 2025, 12:25 AM EDT. Nvidia's path to a higher market cap hinges on the AI data-center spending sprint. A landmark OpenAI partnership has Nvidia commit to roughly $100 billion in chip purchases and access to a stake in a fast-growing AI company, fueling demand for Nvidia's next-gen Rubin chips. The plan aims to build roughly 10 gigawatts of computing capacity, about 20% of the U.S. data-center footprint, signaling a sustained growth runway. Yet caution is warranted: major customers like Alphabet, Amazon, Microsoft, and Meta are building their own chips, creating competitive risk. Still, with AI spending accelerating, Nvidia's market cap outlook remains attractive if data-center demand remains robust over the next five years.
nVent Electric: A Quiet AI/Data Center Play With Growth Potential
October 13, 2025, 12:24 AM EDT. nVent Electric is positioning itself as a focused, higher-growth electrical connection and protection company hungry for AI and data-center spend. By divesting its thermal-management unit in 2025, and buying capabilities from Avail (enclosures, switchgear, bus systems) and Trachte (protection enclosures), it's expanding into infrastructure solutions for utilities, data centers, and renewables. New manufacturing expansions in Minnesota and West Virginia bolster its data-center solutions footprint. Management argues this strategy aligns with Nvidia-led AI spending, potentially lifting organic growth to 8-10% and earnings growth to 29-33% in the coming year. Investors should note Motley Fool Stock Advisor's current top-10 picks, which do not include nVent, and weigh whether the stock's boring profile fits a longer-term AI-data center thesis.
Two AI Stocks Poised to Crush the Magnificent Seven: CoreWeave and Broadcom
October 13, 2025, 12:23 AM EDT. Two AI-focused names could outpace the Magnificent Seven in coming years: CoreWeave and Broadcom. CoreWeave offers on-demand AI infrastructure with 250,000 GPUs and an hourly rental model that lowers total cost of ownership for training and inference. Nvidia even backs the model through a stake and a pledge to buy unused capacity through 2032, reducing risk for investors. The result? Rapid revenue growth and leverage from the ongoing AI compute surge. Broadcom supplies essential networking gear to cloud providers scaling AI workloads, positioning it to benefit as data-center demand expands. Together, these plays highlight how AI infrastructure demand could tilt the market away from software behemoths toward hardware and services that power the train-and-run cycle.
Indonesia Shares Poised to Open Under Water on Monday as Global Selloff Deepens
October 13, 2025, 12:22 AM EDT. Indonesia's stock market appears set for a soft start on Monday, after posting a fresh close high. The JCI rose to 8,257.86 on Friday, but profit-taking looms as traders weigh mixed lender performance. Globally, the mood is risk-off as U.S.-China trade tensions escalate and Wall Street slumps, dragging Dow, NASDAQ, and S&P 500 into the red. For the week, major indices posted losses. In commodities, crude oil slid on tariff fears, while U.S. consumer sentiment remained subdued. The key question for Jakarta is whether the local market can sustain gains amid the external headwinds from trade policy and a cautious global backdrop.
LG Electronics Q3 Operating Income Falls 8.4% to KRW 688.90 Billion
October 13, 2025, 12:21 AM EDT. LG Electronics reported a 8.4% year-over-year drop in Q3 operating income, slipping to KRW 688.90 billion from KRW 751.90 billion a year earlier. The company also posted quarterly sales of KRW 21.875 trillion, down 1.4% from KRW 22.176 trillion. The results underscore pressure on margins amid softer demand across its electronics and appliance segments. Investors will be watching for management commentary on demand trends, price pressure, and potential cost controls as LG positions for the next quarter. This release aligns with broader consumer-electronics softness and could influence near-term shares movement.
Bitcoin, Ethereum Rebound After Largest Single-Day Wipeout in Crypto History
October 13, 2025, 12:20 AM EDT. Bitcoin tumbled from $121,000 to $109,000 in seven hours, with Ethereum sliding to $3,686 and Solana near $173 as liquidations neared $20 billion – about $16.7 billion from long positions – in what traders called the largest single-day wipeout in crypto history. Stocks were not spared: the Nasdaq fell 3.6%, the S&P 500 down 2.7%, and the Dow -1.9%. A relief rally followed, with Bitcoin up about 5% to $115,100 and Ethereum up roughly 10% to $4,138; Solana, BNB and Dogecoin also posted gains. Analysts framed the move as a geopolitical knee-jerk-Trump's tariff warnings and China export curbs-rather than a structural market break, noting thin selling pressure and a reset in open interest across derivatives.
Caterpillar to Acquire RPMGlobal, Expanding Mining Software Footprint
October 13, 2025, 12:19 AM EDT. Caterpillar Inc. has agreed to acquire RPMGlobal Holdings Limited, an Australian-based provider of mining software solutions, in a deal that requires approval from RPMGlobal shareholders and various regulatory approvals and other customary closing conditions. The transaction is expected to close in Q1 2026. RPMGlobal, headquartered in Brisbane, traces its software roots to 1977 and focuses on mining software offerings. The deal represents Caterpillar's expansion into software-enabled mining workflows, subject to closing conditions and approvals.
Australian Market Rises; ASX 200 Breaks 7,100 as Banks, Tech Lead Gains
October 13, 2025, 12:18 AM EDT. Australian shares are higher with the ASX 200 clearing 7,100, up to about 7,124, as optimism from Wall Street spills over and inflation fears ease after softer commodity prices. The rally is broadening, with financials leading gains: Commonwealth Bank and NAB up over 2-3%, while ANZ and Westpac also higher. The tech sector shines, with Appen, WiseTech, Block (+8%), Zip (+6%), and Xero (+3%). Gold miners retreat, with Newcrest and Resolute around -4.5%. Energy names lag, with Santos and Origin lower and Beach down sharply. Myer jumps over 20% after proposing a dividend. In the data, January building permits fell 27.9% m/m to 12,916; the Aussie dollar trades near 0.729. On the geopolitical front, investors weigh progress in Russia-Ukraine talks as Zelensky steps back from NATO membership stance, supporting risk appetite.
China Stock Market Likely to Extend Losses as Trade Tensions Weigh on Monday
October 13, 2025, 12:17 AM EDT. Friday's session saw the Shanghai Composite slip to about 3,897, erasing a three-day rally, as the 3,900-point plateau gave way. The SCI fell 0.94% while the Shenzhen Composite slid to 2,505.71. Traders eyed fresh US-China trade-war jitters after President Trump's tariff threats and Beijing's export controls on rare earths, fueling a risk-off tone into Monday. In the U.S., the Dow slid about 879 points to 45,479, with the Nasdaq off 3.56% and the S&P 500 down 2.71%, capping a week of losses (Dow -2.7%, Nasdaq -2.5%, S&P -2.4%). Commodity markets dove as oil tumbled on the tariff fears. The article notes mixed performances among Chinese lenders and property developers, with notable movers like Jiangxi Copper (+7.84%).
Hong Kong Shares Tipped To Open Under Pressure On Monday
October 13, 2025, 12:16 AM EDT. Hong Kong shares are expected to open under pressure on Monday after the Hang Seng Index closed slightly lower on Friday, snapping a two-day rally and hovering just above 20,090. Traders anticipate a mixed-to-lower start for Asian equities in a holiday-shortened week, with tech stocks likely to weigh on sentiment. The session saw Alibaba and several technology and property names move modestly lower, while some names like Li Auto jumped. On Wall Street, major indices finished lower, with the Dow down and the Nasdaq and the S&P 500 printing losses, though weekly gains were modest. Oil prices rose as U.S. inventories fell, adding to risk-off dynamics ahead of local data on imports for November.
Jefferies Reassures Markets: Strong Balance Sheet, SMBC Alliance Deepens Amid First Brands Bankruptcy
October 13, 2025, 12:15 AM EDT. Jefferies Financial Group issued a letter from CEO Rich Handler and President Brian Friedman to address First Brands' bankruptcy and reassure investors that the exposure is limited and manageable. The firm asserts strong financial health with total equity of $10.5 billion and tangible equity of $8.5 billion as of August 31, 2025, plus $11.5 billion in cash of liquidity. Third-quarter results implied annualized net revenues of $8.2 billion, pre-tax income of $1.3 billion, and net earnings of $1.0 billion. Jefferies also highlighted a deeper SMBC alliance-including $2.5 billion of new facilities and an increased ownership stake up to 20%. First Brands' issues stem from that company's actions, under investigation by its CRO and the DOJ, with possible indirect costs deemed manageable. Management will elaborate at the upcoming Annual Investor Meeting, with market reactions expected to normalize.
Taiwan Stock Market Set for Renewed Consolidation Near 27,300
October 13, 2025, 12:14 AM EDT. Taiwan's stock market extended a mild rebound ahead of the Double Tenth holiday, with the TSE index finishing near the 27,302 mark after climbing 0.88% to 27,301.92. The market had just ended a five-session rally prior to the long weekend. Traders cautioned that the outlook remains volatile as global risk sentiment sours on fears of renewed U.S.-China trade tensions. In New York, the major indices sold off sharply, with the Dow down 878.82 points (1.90%), the NASDAQ off 3.56%, and the S&P 500 retreating 2.71% on the day, capping a negative week (Dow -2.7%, NASDAQ -2.5%, S&P -2.4%). Oil slid after tariff comments. Still, Taiwan cash and tech names posted mixed gains, signaling potential consolidation ahead of the holidays.
Two Hot IPO Stocks I Just Bought: ServiceTitan (TTAN) and Klarna Group (KLAR)
October 13, 2025, 12:13 AM EDT. Market-ready IPOs are heating up, and the author highlights two standout listings: ServiceTitan (TTAN) and Klarna Group (KLAR). ServiceTitan, a cloud-based software provider for trades pros, sits on a massive addressable market – roughly $30B revenue potential with a current footprint of under $900M in annual revenue and a path to $1.5B with existing customers, plus a broader $13B to $30B opportunity as it expands. The company shows 25% revenue growth in Q2 2026 and a net dollar revenue retention above 110%, with free cash flow up 83% to $34.3M, though GAAP profitability remains elusive. Klarna Group is described as an AI-powered fintech leader capitalizing on two large market opportunities. The piece argues these IPOs could deliver rapid revenue growth in the coming years.
MAC Copper (MTAL) Valuation In Focus as Merrin Mine Catalysts Signal Upside
October 13, 2025, 12:12 AM EDT. MAC Copper (MTAL) shows little price movement over the past month, up just 0.25%, with a stronger year-to-date rise of 15.7% but a -5.9% total return over the last year. The market appears to wait for catalysts even as the implied fair value sits above the recent close, signaling upside potential. The key driver is the Merrin Mine development, with early ramp-up expected to lift low-cost copper production and expand margins, though initial development costs are modest relative to current operations. Analysts point to a mix of accelerating revenue, margin improvement, and an earnings leap as the core drivers of the optimistic valuation. Risks include unproven resources at Merrin and ramp-up challenges that could derail growth targets. Overall, MAC Copper looks undervalued versus its forward path, but execution risk remains.
Six Strategic Ways Retirees Can Use Their RMDs (Required Minimum Distributions)
October 13, 2025, 12:10 AM EDT. Retirees facing mandatory RMDs at age 73 have more options than simply spending withdrawals. The article outlines six strategic uses for your RMD funds, including cover living expenses when cash flow is tight, build an emergency fund in a high-yield account, and reinvest in a taxable brokerage account to grow wealth with potential long-term capital gains tax rates. It also covers paying the taxes on a Roth conversion using the RMD and donating your RMD to charity to reduce or avoid taxes. Remember, failing to take an RMD can trigger a 25% penalty, so thoughtful allocation can improve liquidity, tax efficiency, and retirement security. The piece also touches on Roth conversion mechanics and charitable giving as planning tools.
Malaysia Bourse May Give Up Support At 1,600 Points
October 13, 2025, 12:09 AM EDT. Malaysia's stock market ended weaker for a fifth straight session, with the Kuala Lumpur Composite Index slipping to around 1,604.26 and hovering just below the 1,605 pivot. The KLCI shed about 0.07% on the day as losses in industrials outweighed mixed moves in financials and plantation stocks. The session followed a negative tone from Wall Street, where the major averages closed lower amid caution ahead of key inflation data. The Dow, Nasdaq, and S&P 500 tumbled, dragged by Salesforce's sharp drop. In currencies and commodities, US data showed higher unemployment claims and a downgrade to GDP growth; oil slid with WTI around $77.91 a barrel. Investors await further clues on rates, while the local market eyes whether 1,600 support will hold.
Singapore Stocks Extend Losses as STI Dips Near 3,200 Amid Global Rate-Cut Uncertainty
October 13, 2025, 12:08 AM EDT. Singapore's Straits Times Index (STI) extended its losing streak, slipping 0.94% to 3,199.44 as financials, property and industrials weighed. The move tracks a softer mood in global markets, with U.S. and European indices lower amid doubts about near-term rate cuts. Wall Street closed lower: Dow at 37,430.19, NASDAQ 14,592.21, and S&P 500 4,704.81, underscoring a cautious tone. Minutes from the Federal Reserve suggested rate reductions could come in 2024 but highlighted uncertainty. Traders kept an eye on the outlook for oil after a rebound in crude prices following Red Sea tensions. In Singapore, declines were led by Seatrium, with other active names like DFI Retail and Yangzijiang seeing weakness, while some property plays and financials edged lower or mixed.
Two Hot IPO Stocks I Just Bought: ServiceTitan (TTAN) and Klarna Group (KLAR)
October 13, 2025, 12:07 AM EDT. Markets are thawing for IPOs, and I have added two standout names to my watchlist: ServiceTitan (TTAN) and Klarna Group (KLAR). ServiceTitan sells cloud-based software to trades contractors; the addressable market is enormous, with current customers generating far less than the total opportunity. The company posted a 25% jump in revenue to $242M in the latest quarter, with net dollar revenue retention over 110% and free cash flow rising 83% to $34.3M, though GAAP profitability remains elusive. Klarna Group (KLAR) is a BNPL and AI-powered fintech aiming to build a broad commerce network. Both IPOs tap powerful secular trends, offering substantial growth potential but require patience on profitability and execution.
XPeng Valuation Comes Into Focus as Tariff Threat Triggers Selloff
October 13, 2025, 12:04 AM EDT. XPeng (NYSE:XPEV) shares slid after President Trump floated higher tariffs on Chinese imports, triggering broad selling in US-listed Chinese names. The company still posted record September deliveries and has an 81.99%YTD return, but an 8% intraday drop underscores mounting volatility from tariff headlines. Over three years, TSR runs about 151%, though profitability remains a risk amid fierce Chinese EV competition. The bull case centers on AI/ADAS leadership and software-driven margin expansion, with a fair value of $26.29-signaling the stock may be undervalued at roughly $21.02 today. On a valuation screen, the P/S sits at 2.4x vs. an industry average of 1.3x (and a 2.1x fair ratio), implying optimism baked into the price but upside hinges on sustained growth and margin gains.
Stock market echoes 1929 crash as AI boom spurs rally, warns journalist
October 13, 2025, 12:03 AM EDT. Leading financial journalist Andrew Ross Sorkin warns that today's Wall Street resembles the pre-1929 setup that preceded the Great Depression. After a decade studying the era, he says the current AI-driven boom might be a sugar rush or a genuine sustainable advance, but the risk of a sharp reversal remains real. While markets push to record highs, investors worry about overheating and potential bubble conditions. Sorkin notes how, in the Roaring 20s, easy credit and margin buying helped fuel a surge that ended in catastrophe, a pattern he fears could repeat if prices stay detached from earnings. His message is sobering: a crash could come, but he won't hazard a timeline or depth.
