The Fed's latest rate cut highlights internal division and ongoing tension between inflation concerns and signs of economic slowdown, especially in the labor market. Meta (META) reported strong earnings but faced investor skepticism over rising R&D and CapEx, contrasting with more disciplined spending at Alphabet (GOOGL) and Microsoft (MSFT).

Chevron beat Wall Street's earnings and revenue estimates. Chevron on Friday reported third-quarter financial results that beat Wall Street estimates, as the company achieved record production due in part to its acquisition of Hess Corp.

Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance.

Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12.

Shares are mostly higher in Asia and Japan's benchmark Nikkei 225 index has surged more than 2% to another record.

With almost two decades as CEO, he’s turned JPMorgan into a colossus of capitalism. But as he approaches 70, the question now is: Who will succeed him?

JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.

The U.S. stock market sank from record heights as Wall Street sifted through mixed developments on everything from the U.S.