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JPMorgan Chase on Tuesday topped analysts’ estimates for the third quarter as trading and investment banking generated about $700 million more revenue than expected.Here’s what the company reported:Earnings per share: $5.07 vs. expected $4.84, according to LSEGRevenue: $47.12 billion vs. expected $45.4 billion, according to LSEGThe bank said in a release that profit jumped 12% to $14.39 billion, or $5.07 per share, from a year earlier. Revenue rose 9% to $47.12 billion.So far this year, the biggest American banks have benefited under the administration of President Donald Trump.They’ve reaped higher trading revenue as upheaval from his policies has roiled markets…

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box on April 22nd, 2025. CNBCGoldman Sachs on Tuesday beat estimates for its third quarter on stronger-than-expected investment banking and fixed income trading.Here’s what the company reported:Earnings per share: $12.25 vs. $11 expected, according to LSEGRevenue: $15.18 billion vs. $14.1 billion expected, according to LSEGThe company said in a release that profit surged 37% from a year earlier to $4.1 billion, or $12.25 a share. Revenue rose 20% to $15.18 billion.Investment banking was the engine for Goldman’s beat this quarter, with fees jumping 42% to $2.66 billion, or roughly $500 million…

A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693).But a vanilla latte in its cafe? A comparative steal at SG$9.From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who are increasingly prioritizing experiences over tangible purchases.This is especially true of Gen Zs, Coach CEO Todd Kahn told “Squawk Box Asia” Monday.”Gen Z, across the globe, really focus on self-expression,” he said. “The cafes [are] really about extending that self-expression, that idea of community.”Many Gen Zs are…

Tata signage is visible during the launch of the TATA EV charging hub in Mumbai, India, on September 9, 2025. Indranil Aditya | Nurphoto | Getty Images Titan Engineering and Automation, a Tata Group company, has acquired Chinese industrial firm Justech Precision’s India unit for close to $100 million, according to two people familiar with the matter, as the conglomerate bolsters its manufacturing capacity to benefit from Apple’s focus on iPhone manufacturing in India.The transaction was concluded in August, with HSBC Bank and HDFC Bank advising on it, according to the people close to the deal.Headquartered in the city of Kunshan…

LOS ANGELES (AP) — Some homes were ordered evacuated in wildfire-scarred Los Angeles neighborhoods as Southern California was hit by a rare October storm that was expected to pummel the region with heavy rain, high winds and possible mudslides. “We’re very concerned about the weather,” Los Angeles Mayor Karen Bass said during a news conference Monday night, explaining that strike teams, rescue teams and helicopters were all ready to respond.The evacuations covered about 115 homes mostly in Pacific Palisades and Mandeville Canyon, both struck by a massive inferno in January that killed more than 30 people in all and destroyed…

NICOSIA, Cyprus (AP) — The island of cats has a cat problem.Officials in Cyprus, the small island nation in the eastern corner of the Mediterranean, estimate there is roughly one feral cat for every one of its 1 million inhabitants — though activists contend the actual population is hundreds of thousands higher.In late September, the island’s parliamentary committee on the environment was told that an existing sterilization program is too limited to contain the burgeoning cat population.“It’s a good program, but it needs to expand,” said Environment Commissioner Antonia Theodosiou, noting that the program conducts only about 2,000 sterilizations annually…

HONG KONG (AP) — China’s Commerce Ministry said Tuesday it was banning dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean in the latest swipe by Beijing at U.S. President Donald Trump’s effort to rebuild the industry in America. The ministry also announced that it was also investigating a probe by Washington into China’s growing dominance in world shipbuilding and threatened more retaliatory measures. It said the U.S. probe endangers China’s national security and its shipping industry and cited Hanwha’s involvement in the investigation. The U.S. Trade Representative launched the Section 301 trade investigation in April…

U.S. President Donald Trump speaks while World leaders listen during a summit of European and Middle Eastern leaders on Gaza on October 13, 2025 in Sharm El-Sheikh, Egypt. Chip Somodevilla | Getty Images This might not be Christmas, but the war in the Middle East is over — at least according to U.S. President Donald Trump.On Monday, Trump declared at the Knesset, Israel’s parliament, that the “long and painful nightmare” was finally over for both the Israelis and Palestinians. More straightforwardly, Trump gave an unequivocal “yes” when asked by reporters if the war in the Middle East has ended, Reuters…

A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025.Yves Herman | ReutersAmazon fired a Palestinian engineer who was suspended last month after he protested the company’s work with the Israeli government.Ahmed Shahrour, who worked as a software engineer in Amazon’s Whole Foods business in Seattle, received an email on Monday informing him of his termination. When he was suspended in September, Amazon said the decision was the result of messages Shahrour…

NEW YORK (AP) — Cabinet dealers, interior designers and remodeling contractors in the U.S. hope new tariffs on imported kitchen cabinets, bathroom vanities and upholstered wooden furniture that kicked in Tuesday will create more business for them and eventually boost domestic production of those products.But several small business owners in the home improvement industry say they expect some short-term pains from the import taxes: Clients with projects already on the books might balk at having to pay more for the budget-priced cabinets they selected. Potential customers may postpone kitchen and bathroom renovations until costs — and the economy — seem…