The Fed's latest rate cut highlights internal division and ongoing tension between inflation concerns and signs of economic slowdown, especially in the labor market. Meta (META) reported strong earnings but faced investor skepticism over rising R&D and CapEx, contrasting with more disciplined spending at Alphabet (GOOGL) and Microsoft (MSFT).

Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance.

Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12.

Matt Swain has become a pioneer by pairing family offices looking to triple their money with under-the-radar businesses looking to exit.

Shares are mostly higher in Asia and Japan's benchmark Nikkei 225 index has surged more than 2% to another record.

With almost two decades as CEO, he’s turned JPMorgan into a colossus of capitalism. But as he approaches 70, the question now is: Who will succeed him?

Analysts at TD Cowen recently called Frost “perhaps the best run bank in the nation” based on its ability to offer investors “stronger than peer growth.”

Amazon led the way after jumping 11.4%. The retail giant was by far the strongest force lifting the market after reporting profit for the latest quarter that blew past analysts’ expectations. CEO Andy Jassy said growth for its booming cloud-computing business has reaccelerated back to a pace it hasn’t seen since 2022.

Wall Street and the finance industry have broad misgivings about the prospect of frontrunner Zohran Mamdani becoming New York City's mayor, but many are hopeful he moderates his positions as they prepare to try and work alongside him.