David Solomon Source: FII The chief executive officer of Goldman Sachs gave a big thumbs up to USA Inc. “The US economy is proving to be incredibly resilient,” David Solomon told a gathering of top financiers in Saudi Arabia. He’s also optimistic on the outlook for dealmaking, he said, with AI providing a tailwind. Ken Griffin, another big name on Wall Street, said markets expect Donald Trump to win the US election, though the race is “almost a coin toss.” Bitcoin topped $71,000 for the first time since June. It’s viewed by some as a so-called Trump trade because the Republican presidential nominee has embraced digital assets during his campaign. But options traders have increased bets Bitcoin will reach $80,000 by the end of November regardless of who wins the election. Apple’s iPhone exports from India jumped by a third, to almost $6 billion in the six months through September, people familiar said. The company started rolling out its first set of Apple Intelligence features, heralding a “new era” for its devices. Watch out for more announcements from Apple today. Also coming up: Google owner Alphabet reports earnings. Jeff Bezos said the Washington Post’s heavily criticized decision to stop endorsing presidential candidates addresses a “credibility gap” afflicting the media industry. The decision was unrelated to Trump meeting with Blue Origin execs the same day, Bezos said. Years of aircraft delays from crisis-hit Boeing and Airbus are forcing airlines to curb expansion plans and keep old and inefficient jets going. Some 3,700 single-aisle planes that were expected between 2019 and 2028 now won’t be built within that period, Visual Approach Analytics estimates, leading to years of knock-on problems. |