News

BlockBeats News, November 1, the market was previously almost certain that the Federal Reserve would cut rates again in December, but Powell's remarks have prompted a reassessment. This means that as Federal Reserve governors and regional Fed presidents resume public appearances to lay the groundwork for the crucial December meeting, speeches by Fed officials starting next week could be vital. Under normal circumstances, next week would have been the week for the release of non-farm payroll data. However, as the U.S. government shutdown enters its second month, the regular schedule will not be possible. The chances of the U.S. Bureau of Labor Statistics (BLS) releasing non-farm payroll data on Friday are quite slim. Fortunately, there will be a large amount of U.S. private sector data released next week. Specifically, the usually overlooked JOLTS job openings and Challenger layoff data will receive the attention they deserve. The following are the key points the market will focus on in the new week (all in GMT+8): Tuesday 01:00, 2027 FOMC voting member, San Francisco Fed President Daly delivers a speech; Friday 00:00, permanent FOMC voting member, New York Fed President Williams delivers a speech; Friday 01:00, 2026 FOMC voting member, Cleveland Fed President Harker delivers a speech at the New York Economic Club; Friday 05:30, 2026 FOMC voting member, Philadelphia Fed President Harker delivers a speech; Friday 06:30, 2025 FOMC voting member, St. Louis Fed President Musalem has a fireside chat on monetary policy; Friday 16:00, permanent FOMC voting member, New York Fed President Williams delivers a speech at the European Central Bank Money Market Conference.

BlockBeats News, November 1, a certain exchange reported a net profit of $30.796 billions for Q3 2025, compared to $26.251 billions in the same period last year, with market expectations at $12.73 billions; Q3 2025 revenue was $94.972 billions, compared to $92.995 billions in the same period last year, with market expectations at $91.55 billions. The exchange's cash reserves reached a record $381.67 billions. The company has been a net seller of stocks for the 12th consecutive quarter in Q3. The exchange stated that over the years, our equity investments have been mainly concentrated in a few companies. As of September 30, 2025 and December 31, 2024, the fair value of our top five holdings accounted for 66% and 71% of the total fair value of equity investments, respectively. These top five holdings are: American Express (AXP.N), Apple (AAPL.O), Bank of America (BAC.N), Coca-Cola (KO.N), and Chevron (CVX.N). In addition, we also hold common stock of Occidental Petroleum (OXY.N).