JPMorgan Reports Third-Quarter EPS of $5.57, Below Analyst Estimates, as Bond-Trading Revenue Comes In at $5.37 Billion; Shares Down About 3.5% Premarket
The largest U.S. bank earned $15.31 billion. Its fixed-income trading desk brought in less than the roughly $6 billion analysts expected, and the size of the revenue miss depends on which of the bank's two revenue figures is used. Goldman Sachs, Citigroup and Wells Fargo also reported Tuesday.
U.S.
Judge Kelly Set to Rule Oct. 13 on Whether CNN, MS NOW and Politico Keep White House Access During Their Lawsuit
A temporary order restoring the three outlets' press passes runs through Tuesday, Oct. 13. The judge has said he will decide by then whether to replace it with a longer-lasting injunction, which the administration could appeal.
Judge Halts DHS-Funded TV Ads Featuring Trump; Justice Department Apologizes After Two Ads Kept Airing Past the Deadline
Judge Jennifer Rochon's 14-day restraining order came Sunday night, hours before the government said its roughly $20 million ad buy would end anyway. Ad-tracking data later showed two spots ran hundreds of times after her deadline.
Trump Campaigns for Husted and Ramaswamy in Youngstown, Calls Sherrod Brown the Candidate of 'Marxists' and Says 'Somalia Bandits' Do Not Belong in Ohio
At an October 12 rally 22 days before Election Day, Trump promoted Ohio voter-ID and property-tax proposals, called for permanent tax cuts, criticized Rep. Ilhan Omar and Michigan Senate nominee Abdul El-Sayed, and announced a submarine-parts center for Cleveland and federal help for a Youngstown heating utility.
Isaias Kills at Least Four in Florida and Alabama After Category 2 Landfall Near Destin
About 670,000 homes and businesses in four states were still without power at midday Saturday, and the National Weather Service confirmed several tornadoes in South Carolina as the storm's remnants moved inland.
Judge Strikes Down Justice Department's Voter-Roll Citizenship Checks, Ruling Congress Never Authorized Them
Judge Sparkle Sooknanan's 78-page ruling also covers voter files from 18 states that handed them over voluntarily. The Justice Department says it is reviewing the decision ahead of the Nov. 3 midterms.
N.C.
At Least Five Tornadoes Reported in Central North Carolina as Isaias Remnants Bring Mountain Flooding; Peak Outages Topped 22,000
Weather Service teams are surveying the tornado paths from Fayetteville to Louisburg. In the mountains, heavy rain caused landslides and several water rescues, including two people and a dog caught by the rising Catawba River in Burke County.
Stein Signs House Bill 3, Suspending North Carolina's 41-Cent Gas Tax From Oct. 10 Through Nov. 30
Lawmakers passed the bill 111-1 and 41-0 in a one-day special session. Fiscal staff say it is the first suspension of the state's motor fuels tax. It will cost an estimated $362.3 million, paid from a state reserve fund.
More Than 125 N.C. Faith Leaders Ask Stein and Legislators to Repeal Budget Rule That Makes Schools Excuse Students for Off-Campus Religious Classes
The rule became law with the state budget on July 7, 2026, and districts are already following it; an Oct. 6 letter from clergy calls it unconstitutional, while supporters say it protects parents' choices.
Duke Energy Files Data Center Cost Settlement With N.C. Public Staff; Amazon, Google, Meta, Microsoft and Defense Department Sign On
New customers of 50 megawatts or more would pay upfront for grid hookups that serve only them and post deposits or guarantees for shared upgrades; the N.C. Utilities Commission must still rule.
GOP Super PAC Drops Its Remaining North Carolina Senate Ads After Spending More Than $30 Million for Whatley, Starts a Kansas Buy
The Senate Leadership Fund pledged $71 million to the race earlier this year. It is stopping the unspent part and moving some money to help Sen. Roger Marshall in Kansas. Polls show Republican Michael Whatley trailing Democrat Roy Cooper for North Carolina's open Senate seat.
North Carolina Reports 867 Cyclosporiasis Cases and 33 Hospitalizations Since May 1; State Says Source Not Yet Identified
NCDHHS says most cases are in Wake County and that its investigation is separate from the national Taco Bell lettuce outbreak, even as the FDA added North Carolina to that multistate count on August 5.
Finance
JPMorgan Reports $5.57 a Share, Below Analyst Estimates, as Dow Futures Rise and Nasdaq Futures Fall Before Wednesday's September CPI
Big banks opened third-quarter earnings season on Tuesday, and Brent crude eased a day after settling at its highest level since Sept. 15. Forecasters expect Wednesday's inflation report to show prices up 3.6% to 3.7% from a year earlier.
South Korea's Kospi Closes Down 5.46% After Falling as Much as 7.4%, Led by SK Hynix and Samsung; Micron Fell 3.9% in U.S. Trading the Day Before
Investors sold memory-chip stocks after China's CXMT said it plans to launch a denser server memory chip by year-end and after a Broadcom executive warned about AI spending. The drop started on Wall Street Monday and spread to Seoul on Tuesday.
Brent Swings Between About $102 and $105 Monday After Trump Announces Russia-Ukraine 'Energy Ceasefire'; Energy Department Loaned Up to 4 Million Barrels of Reserve Crude to Exxon and BP on Saturday After Isaias
Brent was down $1.54 at $103.18 in early Asian trading, then reversed; Reuters had it at $105.41 by 0923 GMT. A drone strike on a tanker off Oman and a projectile strike near Hormuz kept Gulf risk in focus. The Kremlin has not confirmed the truce. U.S. stock futures were mixed and the bond market was closed for Columbus Day.
S&P 500 Rises 0.6% to 7,811.54 Friday and 1.15% for the Week; Brent Settles at $104.72 as Hurricane Isaias Shuts 71.5% of U.S. Gulf Oil Output
Stocks rose Friday after Thursday's AI-led tech selloff, and oil ended slightly higher after giving up early losses tied to President Trump's Iran remarks. Ahead are a hurricane landfall, the Oct. 14 inflation report and the start of earnings season.
Treasury Sells $39 Billion of 10-Year Notes at 5.30%, Highest Auction Yield Since 2000; Market Yield Slips From 2002 High
After the Oct. 7 auction drew more bids than usual, the 10-year yield fell back to about 5.29% from an intraday 24-year high. By Thursday morning yields were climbing again after a Fed governor said more rate hikes are needed.
Initial Jobless Claims Dip 2,000 to 197,000; 10-Year Treasury Yield at 5.23% Ahead of Oct. 14 CPI Report
Layoffs stayed near their lowest level since the late 1960s in the week ending Oct. 3. Hiring stayed slow. Treasury yields sit near their highest since 2002 and Brent crude is above $100, and that is the backdrop for next week's September inflation data.
World
Houthis Claim Third Straight Day of Missile Fire at Riyadh Airport; Houthi Official Threatens 'Swift and Painful' Response if U.S. Joins Saudi Strikes
Saudi forces say they shot down Monday's missile, while the Houthis say it hit. King Khalid International Airport is set to stay closed until Oct. 17. On Saturday, Trump said the U.S. 'may' join Saudi strikes in Yemen.
Iran's Security Chief Calls U.S. Reply on Hormuz Conditions 'Insufficient'; Foreign Ministry Says Tehran Will Answer After Review
Mohsen Rezaei said Washington accepted some of Iran's seven conditions but left others unclear, and he warned that Gulf data centers and undersea cables could become targets if the war resumes.
North Korea Fires Multiple Ballistic Missiles, One Flying More Than 900 km, Four Days After South Korea's First Hypersonic Test
Seoul's military called Monday's launches a show of force answering its Oct. 8 hypersonic test. Japan counted at least two missiles, both landing outside its exclusive economic zone. South Korea's security office held an emergency meeting and called the launches a breach of U.N. resolutions.
Trump Says Russia and Ukraine Agreed to an 'Energy Ceasefire'; Zelensky Says Kyiv Learned of It From the Media as Ukraine Reports Strikes on Kyiv and Kharkiv Power Sites
Moscow has not confirmed any terms, and no written agreement has been released. The claim came two days after a U.S.-Russia diesel deal and a day after Trump said Ukrainians should replace Zelensky.
Trump Says Ukraine Should 'Get a New Leader' After Zelensky Criticizes U.S.-Russia Diesel Deal
Trump spoke on Oct. 10. The day before, while U.S., Ukrainian and European officials were still meeting in Miami, he announced a deal with Putin on Russian diesel, and the Treasury issued a license easing sanctions until April 7, 2027.
Russian Guided Bombs Kill at Least 11, Including Three Children, in Zaporizhzhia a Day After U.S., Ukrainian and European Talks in Miami; Later Reports Give 12 to 15 Dead
Ukrainian officials say 12 people are still missing after the Saturday strikes, which followed Friday's Miami talks and Trump's announcement of a diesel deal with Putin that eases some Russia sanctions. Zelenskyy has tied the bombing to the sanctions easing.
Analysis
Unbiased, evergreen deep-dives on the bigger questions — not breaking news.
What Fauci's Released Diary Documents About the U.S. COVID-19 Response — and What It Leaves Unresolved
A 1,141-page personal diary released by Sen. Rand Paul's committee is roughly one-third routine administrative logging; a minority of entries bear directly on contested questions, and a few conflict with contemporaneous public statements.
Eight Months of Mamdani: What New York's Record Actually Shows, and What It Cannot Yet Show
A claim-by-claim audit of what Zohran Mamdani has delivered, how New Yorkers judge it, and what the evidence does and does not license anyone to conclude about the rest of the country.