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Stocks close higher as bank credit worries, China trade tensions ease​

The Dow Jones Industrial Average rose Friday as traders digested the U.S.′ softening tone on its trade talks with China and tried to move past credit concerns that sparked a big sell-off in regional banks Thursday.

The Dow finished 238.37 points, or 0.52%, higher at 46,190.61. The S&P 500 settled up 0.53% at 6,664.01, while the Nasdaq Composite added 0.52% to finish at 22,679.98.

Stocks extended their gains in afternoon trading after Treasury Secretary Scott Bessent said he would be speaking with his Chinese trade counterpart Friday evening. Trump also said from the White House that a meeting with China President Xi Jinping was still likely at the end of the month. The comments suggested the threat of 100% additional tariffs against China on Nov. 1 might not come to pass.

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Inside the Credit Card Battle to Win America’s Richest Shoppers: The fierce fight between Amex and Chase is playing out over higher fees, extravagant events and every perk imaginable. (Bloomberg) free.
 

How Wawa Is Beating Fast Food Companies At Their Own Game​


Oct 19, 2025 #cnbc
One of America’s largest convenience store chains, Wawa, has gained a cultlike following in its home markets of Philadelphia and South Jersey due to its sharp focus on food and customer service. Its revenue is estimated to have more than doubled since 2014, and its workforce has grown nearly 90% since 2016 as it rapidly expands to other areas of the country. So, can the nearly $19 billion convenience chain take on major chains and local players like 7-Eleven, Buc-ee's and Casey's General Stores?
9:30
 
Reuters

Take Five: Who started it?​

LONDON (Reuters) -The U.S. government shutdown extends into another week, earnings season is in full swing, U.S./China trade tensions are tense and there's plenty of data to mull over.

Japan's parliament meanwhile may vote on a new prime minister and Bolivia holds a key election.

Here's all you need to know about the week ahead in world markets by Lewis Krauskopf in New York, Rocky Swift in Tokyo and Amanda Cooper, Naomi Rovnick and Marc Jones in London.

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https://www.msn.com/en-us/money/markets/take-five-who-started-it/ar-AA1OGInu?ocid=socialshare
 
Bloomberg

Trump Signs Agreement on Critical Minerals With Australia​

(Bloomberg) -- President Donald Trump signed an agreement with visiting Australian Prime Minister Anthony Albanese to boost access to critical minerals and rare earths, as the US looks to reduce reliance on Chinese supplies.

“In about a year from now, we’ll have so much critical mineral and rare earths that you won’t know what to do with them,” Trump said Monday at the White House during a meeting between the two leaders.

Albanese said the deal represented an $8.5 billion “pipeline that we have ready to go.” He hailed the minerals and rare earths pact as taking the nations’ economic and defense cooperation “to the next level.”

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https://www.msn.com/en-us/money/oth...s-with-australia/ar-AA1OPlXW?ocid=socialshare
 

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Owners of in-progress China-tied battery plant in Michigan default on state deal, ending project​

A Michigan battery plant project tied to China-linked Gotion is no longer moving forward after the state found the company was in default in its agreement.

The Michigan Economic Development Corporation, which initially approved pumping $175 million into the project, released a letter Thursday announcing its plan to pull out of the project over the company's default.

More:

https://www.msn.com/en-us/news/othe...l-ending-project/ar-AA1P3XFz?ocid=socialshare
 
Fearnleys Week 43


 
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