On Eve of Shutdown Record, Trump Officials Threaten Pain Could Worsen

Stocks have taken a significant hit as fears over stretched valuations continue to grip the markets. Investors are increasingly concerned about the sustainability of current prices amid economic uncertainties.

Mamdani's victory in New York marks a significant win for the Democratic Party, as they also triumphed in New Jersey and Virginia. This electoral sweep sends a clear message to President Trump and his party, reflecting voters' dissatisfaction.

Wall Street is bracing for changes under Mamdani's leadership, with growing concerns about New York City's ability to remain competitive. As the financial landscape evolves, many are questioning how these shifts will impact the economy and the city's status as a financial hub.

Markets are adapting to the new phase of Trump, often referred to as Trump 2.0, and assets are performing strongly. However, it's important to keep an eye on inflation as it could impact future growth.

Philippine inflation has shown signs of moderation, which could pave the way for a potential interest rate cut in December. This development is seen as a positive signal for the economy, providing relief to consumers and businesses alike.

The travel industry is facing a tough end to the year as iconic boat company closes down after 56 years. This follows the bankruptcy of two Scandinavian airlines, Braathens and Play Airlines, which left many travelers stranded across Europe.

In a surprising turn of events, left-wing candidate Mamdani has won the mayoral race in New York City, marking a significant victory for Democrats and a notable blow to Trump. This historic win makes Mamdani the first Muslim to lead the largest city in the United States, shaking up the political landscape.

In a significant move, Trump has re-nominated Jared Isaacman, a close ally of Elon Musk and a private astronaut, to lead NASA. This decision highlights Isaacman's contributions to space exploration and his vision for the future of the agency.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.