Stocks and Bonds

Bank Stocks Mixed as Earnings Beat Expectations, Luxury and Tech in Focus

Financial giants Bank of America and Morgan Stanley reported better-than-expected quarterly results, lifting their shares in premarket trading. Meanwhile, PNC Financial Services saw its stock decline despite posting higher profit and revenue as investors weighed the results.

Banking Sector Shows Mixed Results Amid Earnings Season

Major financial institutions reported quarterly earnings Wednesday with Bank of America and Morgan Stanley posting results that exceeded analyst expectations, according to market reports. The positive earnings news lifted shares of both banking giants in premarket trading, while PNC Financial Services experienced stock declines despite reporting higher profit and revenue.

by Alvarez JordanOctober 15, 2025November 2, 2025

International Business and Trade Stocks and Bonds

Trump’s China Cooking Oil Embargo Threat Sends Bunge Shares Soaring 11%

Bunge Global surged over 11% following President Donald Trump’s threat to cut off U.S. purchases of Chinese cooking oil. The agricultural giant’s stock gains reflect escalating trade tensions between the world’s two largest economies.

Global agricultural markets experienced significant volatility Wednesday as shares of Bunge Limited surged more than 11% following President Donald Trump‘s announcement that the United States is considering terminating business with China regarding cooking oil imports. The dramatic stock movement represents one of the largest single-day gains for the agricultural commodities giant this year, bringing Bunge’s year-to-date performance to approximately 18% growth.