News Recap • Week 43 2025

Check the news below and make sure to visit my latest Market Recap as well.

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Macro

• Mon China’s GDP grew by 4.8% in Q3, less than the 5.2% growth recorded in Q2 but in line with expectations. (Reuters)
• Mon The US and Australia signed an agreement on critical minerals that includes plans for projects worth up to $8.5 billion. (CNBC)
• Tue Sanae Takaichi won the Japanese election and became the country’s first female Prime Minister. The Nikkei 225 had already rallied to new record highs on the prospects of her victory. (CNBC)
• Tue Japan’s exports in September jumped 4.2% year over year, missing estimates for a 4.6% rise. Imports rose 3.3%. (CNBC)
• Wed The US and India are close to reaching a trade deal that could slash tariffs on Indian exports to 15 - 16% from the current 50%. India may reduce its Russian oil purchases as part of the deal. (CNBC)
• Wed Japan’s new Prime Minister Sanae Takaichi is preparing a stimulus package of more than 13.9 trillion yen ($92.2 billion) to help households tackle inflation. (Reuters)
• Wed China overtook the US as Germany’s top trading partner. (Reuters)
• Wed UK’s Consumer Price Index held steady at 3.8% in September, a positive surprise relative to the 4% forecast. The FTSE 100 rose almost 1% on Wednesday and closed the week with a 3.1% gain at a new all-time high. (Reuters)
• Wed Oil jumped 5% after the Trump administration slapped additional sanctions on Russia’s two largest oil companies. (CNBC)
• Thu China’s top leaders concluded their four-day plenum with a promise to boost domestic consumption and strengthen self-reliance in advanced technologies like quantum computing and hydrogen power over the next five years. The Hang Seng index bounced back from its recent drop with a 3.62% rally this week. (CNBC)
• Fri The delayed CPI data from the US showed an annual inflation rate of 3% in September, slightly lower than the 3.1% forecast. Despite the number still being significantly above the Fed’s 2% target, investors reacted positively and sent US equities to new all-time highs. (CNBC)
• Sat Trump slapped an additional 10% tariff on imports from Canada as retaliation for what he calls a misleading TV ad featuring former President Ronald Reagan criticizing tariffs. (CNBC)
• Sun The US and China reached a framework of a trade deal that will pause China’s rare earth export restrictions for a year and also prevent the steeper tariffs on China that Trump recently threatened. While Trump and Xi still need to finalize the deal on Thursday, the framework news was enough to give markets a solid boost on Sunday. (CNBC)
• Sun Trump had a busy Sunday in Asia where he joined the signing of an expanded truce between Thailand and Cambodia that he brokered in July and announced a slew of trade deals. The latter included agreements with both Thailand and Cambodia, as well as Malaysia and Vietnam. (CNBC)
• Sun Lastly on the Trump tariff front, he also had a “positive meeting” with Brazil’s President Lula on Sunday and the respective teams will now meet up to continue negotiations and find a proper trade agreement. (CNBC)

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Other

• Mon Amazon Web Services suffered a major outage that took down numerous major websites and apps for hours. It didn’t seem to hurt the stock though. (CNBC)
• Mon Apple stock rallied to new all-time highs on strong sales for its new iPhone 17. The newer models outsold the iPhone 16 series by 14% during their first 10 days of availability in the US and China. (Reuters)
• Tue Warner Bros. Discovery said it’s received unsolicited interest from multiple parties and is open to a sale. Netflix is reportedly among the potential bidders. (CNBC)
• Wed Novo Nordisk had a massive board shakeup with the chair and six other members essentially getting ousted by the Novo Nordisk Foundation. The foundation’s chairman will now take the same position at Novo Nordisk’s board. One of the main objectives for the new board is a stronger position at the crucial US market. Novo Nordisk stock fell slightly after the news but closed the week virtually unchanged, a surprisingly muted reaction to a move as messy as this. (Reuters)
• Wed Alphabet CEO Sundar Pichai shared that the company’s Willow chip has achieved the first-ever verifiable quantum advantage. The breakthrough is seen as a significant step toward the first real-world application of quantum computing. Alphabet stock didn’t really react to the news but the most popular quantum computing stocks got hammered for a third straight day. (X)
• Wed Amid massive AI investments, Meta will lay off around 600 employees from its AI unit. The layoffs won’t impact any of the top-tier (and extremely pricy) hires brought into Meta this summer though. (CNBC)
• Thu Google and Anthropic announced a cloud deal worth “tens of billions of dollars”. The deal gives Anthropic access to up to one million of Google’s custom-designed Tensor Processing Units. Alphabet shares jumped 2.7% to a new record high on Friday and are now up 37.3% year-to-date. (CNBC)
• Thu Rumors floated on Thursday that the Trump administration is looking to take equity stakes in quantum computing firms in exchange for federal funding. Even though the report was quickly denied by a Commerce Department official, the leading quantum stocks all saw strong gains on the day. (CNBC)
• Thu President Donald Trump pardoned convicted Binance founder Changpeng Zhao, causing mixed reactions among investors and crypto people. (CNBC)
• Fri IBM said it can run a key quantum computing error correction algorithm on commonly available AMD chips, an important step toward commercializing super powerful computers. IBM stock soared 7.88% to a new all-time high on Friday. (Reuters)
• Fri An investor group that owns more than 60% of dating app Grindr proposed to take the company private for about $3.46 billion. Shares closed almost 19% higher on Friday. (Reuters)

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Earnings

• Tue General Motors delivered a massive beat on both revenue and earnings. Shares surged almost 15% on the day and closed the week at its highest level since emerging from bankruptcy in 2009. (CNBC)
• Tue Coca-Cola reported adjusted earnings per share of 82 cents, beating estimates for 78 cents. Revenue also came in slightly above expectations. The stock popped 4% after the report. (CNBC)
• Tue Netflix reported revenue in line with expectations at $11.51 billion but a big bottom line miss. EPS came in at just $5.87 while analysts had expected $6.97. The company blamed the miss on an ongoing tax dispute in Brazil. Shares plummeted 10% after the report but are still up more than 23% for the year and 570% since bottoming out in 2022. (CNBC)
• Wed Tesla’s revenue came in ahead of expectations at $28.1 billion, an increase of 12% after two straight quarters of declines. Earnings missed though. The stock initially plummeted on the news but closed Thursday with a 2.28% gain. (CNBC)
• Wed IBM reported revenue of $16.33 billion and $2.65 in earnings per share, both beating expectations for $16.09 billion and $2.45 respectively. The company also raised its guidance. Shares fell more than 8% in early trading after the report but closed the day just 0.87% lower. The stock was up more than 30% for the year before Wednesday though. (CNBC)
• Thu Ford reported adjusted earnings of 45 cents per share, well ahead of expectations for 36 cents. Revenue also came in around 10% above forecast at $47.19 billion. The stock surged more than 12% after the report and closed at a new 52-week high. (CNBC)
• Thu Intel’s revenue came in at $13.65 billion in Q3, ahead of the $13.14 billion estimate. The company’s Q4 revenue guidance was slightly below analysts’ forecast. Shares initially rallied almost 8% but closed with a modest 0.3% gain on Friday. However, they’re still up more than 90% year-to-date. (CNBC)
• Fri Porsche reported an operating loss of €966 million in Q3, much larger than the $611 million forecast and a significant turn from the €974 million profit from the same period last year. The company’s outlook for 2026 is more optimistic though. Shares jumped 3.65% on Friday and gained 11.5% for the week. (Reuters)