The State Board of Administration (SBA) of the Florida Retirement System (FRS) has backed Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk‘s new compensation award. The agency is responsible for managing and investing on behalf of the FRS Trust Fund and owns over $1 billion in Tesla shares.
The Indian market is muted in midday trade today. The Nifty 50 and the Sensex are in the red. Most sectoral indices also see some selling pressure. However, there is selective buying in metals, PSU banks. Midcaps too see relative outperformance.
Here are the top movers and shakers at this hour:
Tata Steel share price has seen a sharp 3% jump intra-day.
As President Donald Trump continues his Asia tour with stops in Japan and later South Korea, businesses in both economic powerhouses are closely watching to see if his meetings with their leaders will offer more clarity to their trade relations with Washington.
Even though the longtime US allies negotiated tariff rates of 15%,
» Read more about: Trump and Japanese leader trade praise and vow to strengthen alliance »
IonQ has become one of the hottest names in quantum computing. The Maryland-based firm is pioneering trapped-ion technology, which uses charged atoms to process information in ways classical computers can’t.
Since its 2021 debut, IonQ’s stock has rocketed roughly 450%, including nearly 300% over the past year. Such explosive gains raise a tough question of whether IonQ the future of computing,
» Read more about: Is IonQ’s Meteoric Rise a Breakthrough or Bubble? »
Meta Platforms’ social media platforms provide the company with a treasure trove of data.
The company uses artificial intelligence (AI) to ensure its ads hit their mark.
The stock is attractively priced, particularly in light of its track record of growth.
Ohio-based Prosperity Capital sold 33,127 shares of QQQM for an estimaed $7.8 million in the third quarter.
» Read more about: This Fund Cashed Out $8 Million from a Tech ETF — Here’s What It Bought Instead »
Retired workers on Social Security may feel like they have a little less benefit income next year despite receiving a historic cost-of-living adjustment (COLA).
On Oct. 24, the Social Security Administration announced the official cost-of-living adjustment (COLA) for 2026 despite the government shutdown. Retired workers and other recipients will receive an additional 2.8% in benefits next year to offset rising prices across the economy.
The initial positive sentiment around US-China trade talks faded as the oil market progressed through yesterday’s trading session, with ICE Brent settling almost 0.5% lower. Meanwhile, the market continues to digest the impact of US sanctions on Russian oil flows on Rosneft and Lukoil. And for now, a comfortable supply outlook continues to support the market.
» Read more about: The Commodities Feed: Sanction concerns boost diesel prices »
Economists forecast the CB Consumer Confidence Index to fall from 94.2 in September to 93.5 in October. A sharper decline could signal a pullback in consumer spending, dampening demand-driven inflation. A softer inflation outlook would support a more dovish Fed rate path, boosting demand for risk assets.
While a higher reading may test expectations of back-to-back Fed rate cuts,
» Read more about: Dow Jones & Nasdaq 100: US Futures Steady on Fed, Yen Watch »
