October 22 Overnight Highlights: U.S. Government Shutdown in Week Three, Gold Plummets, General Motors Surges, U.S. Arms Manufacturers Report Profit Growth from Russia-Ukraine and Israel-Palestine Conflicts

Deep News
2025/10/22

For more global financial news, please visit 7×24 hours real-time financial news.   Market   Closing on October 22: U.S. stocks mixed, Dow Jones hits record high.   Top 20 stocks by trading volume on October 22: Meme stock Beyond Meat surged about 600% over three days.   Chinese stocks plummeted on Tuesday, with TSMC down 1.07% and Alibaba falling 3.91%.   Oil prices slightly increased on Tuesday as investors focused on supply signals.   European stock markets rose, boosted by corporate earnings reports, with the French CAC 40 index reaching a record high.   Macro   Gold and silver faced heavy sell-offs, halting a streak of record highs.   The U.S. government reportedly intervened in negotiations to support American companies in acquiring tungsten mining rights in Kazakhstan.   Day 21 of the government shutdown: Trump urges Republican senators to remain steadfast.   U.S. arms manufacturers state that the Russia-Ukraine and Israel-Palestine conflicts are driving profit growth.   Work to dismantle the White House banquet hall has prohibited Treasury employees from taking photos.   The U.S. government plans to purchase 1 million barrels of crude oil to replenish the Strategic Petroleum Reserve at lower oil prices.   The government shutdown enters its third week with U.S. officials reporting no plans for new bipartisan negotiations.   Trump claims he does not want a meaningless meeting with Putin, as the second summit may face uncertainties.   Trump criticizes Powell, claiming he "will be leaving soon."   Europe and Ukraine propose a 12-point peace plan to end the Russia-Ukraine conflict, with Trump in charge of supervision.   U.S. Vice President Pence refuses to set a clear timeline for disarming Hamas.   Company   Microsoft CEO approaches $100 million in annual salary.   OpenAI launches the AI browser ChatGPT Atlas, competing directly with Google.   Apple's large foldable iPad faces engineering challenges, potentially delaying its release.   Warner Bros Discovery considers selling, with Netflix and Comcast both interested.   Walmart halts job offers to applicants requiring H-1B visas.   Once boasting a perfect record on Wall Street, Jefferies-related funds are now under scrutiny.   General Motors raises its performance guidance and surpasses earnings expectations for Q3, with its stock price climbing 15%.   Bild reports that Volkswagen is preparing to pause production of some models due to chip shortages.   Commentary   Gold and silver experience their largest one-day declines in years, influenced by multiple factors.   On Tuesday, gold plummeted, with analysts speculating about four main reasons.   The precious metals market faced widespread sell-offs, with gold and silver prices recording their largest drops in years.   Market dynamics have shifted, with emerging market currencies showing less volatility compared to developed markets.   Goldman Sachs CEO states that the losses of U.S. regional banks are "isolated incidents" and do not pose systemic risk.   U.S. stock market: The S&P 500 index showed signs of fatigue, closing with minimal change.   New York currency market: The dollar rose while the yen lagged; the Canadian dollar performed well after inflation data release.   Crude oil: WTI slightly rose due to U.S. plans to replenish the Strategic Petroleum Reserve.   U.S. bond market: Long-term bonds led the gains, with active trading in SOFR–federal funds rate spreads.   European bond market: British government bonds narrowed their gains as focus shifts to inflation data.

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