The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended the release of key data, a less-than-ideal situation for policymakers divided over which risks deserve the most attention
Apple shares surged to an all-time high, with the iPhone maker close to becoming the third company to hit a $4 trillion market valuation as data showed strong momentum for the latest iPhone.
XRP bounced from Friday’s lows of $2.18, rising as much as 13% to start the week. XRP whales remain confident about the prospects of a further rally, using the recent pullback to accumulate more tokens.
Earnings reports next week, including from Tesla and Netflix will provide a deeper look at U.S. corporate profits while delayed U.S. inflation data will mark another test of the stock market, which has become shakier even as it remains around record highs.
Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever compensation plan awarded to a company chief.
| China is expected to keep benchmark lending rates steady for the fifth consecutive month in October, as policymakers remain cautious despite a recent flare-up in trade tensions between Beijing and Washington. |
