U.S. President Donald Trump gestures during an announcement regarding his administration’s policies against cartels and human trafficking, from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025. <\/p>\n
Jonathan Ernst | Reuters<\/p>\n
China on Thursday concluded its “Fourth Plenum,” a meeting aimed at setting out the country’s development agenda for the next five years. Beijing will focus on domestic consumption, self-reliance in technology as well as the agricultural and manufacturing sectors.<\/p>\n
In the U.S. economy and markets \u2014 generally considered the exemplar of free-market capitalism \u2014 the government’s fingerprints have started becoming visible, if you squint a little.<\/p>\n
For instance, Intel<\/a> reported third-quarter revenue that surpassed analysts’ expectations, helping the stock jump 7.7% in extended trading. Intel said demand for its processors appears to be recovering.<\/p>\n But it’s hard to ignore the elephant in the room, that is, the U.S. government’s 10% stake <\/a>in the company, acquired in August. The company’s stock has seen a massive surge since that acquisition, with President Donald Trump saying the government has made $30 billion to $40 billion on its stake. The transaction, however, complicates Intel’s accounting practices for its income, the company suggested in a press release.<\/p>\n Trump, meanwhile, pardoned Binance founder Changpeng Zhao, the White House said Thursday. Zhao was convicted in April 2024 for enabling money laundering at Binance<\/a>.<\/p>\n When asked why Trump pardoned Zhao, the president said, “A lot of people say that he wasn’t guilty of anything. And so I gave him a pardon at the request of a lot of very good people.”<\/p>\n The Wall Street Journal reported<\/a> in August that the Trump family’s crypto venture has been helped by “a partnership with an under-the-radar trading platform quietly administered by Binance.”<\/p>\n Trump’s proclivity for acquiring stakes in U.S. companies and his other dealings raise the question: are we seeing a four-year U.S. economic plan \u2014 with a twist \u2014 unfold?<\/p>\n What you need to know today<\/p>\n Intel beats revenue expectations. Third-quarter sales came in at $13.65 billion<\/a>, higher than the $13.14 billion from an LSEG consensus estimate. Intel added that demand for its chips outstripped supply.<\/p>\n Trump pardons Binance founder Changpeng Zhao. The move came two months after The Wall Street Journal<\/a> reported on the Trump family’s crypto venture, which appeared to have links with a trading platform “administered by Binance<\/a>.”<\/p>\n China to encourage consumption over the next five years. Top government leaders emphasized the need to “vigorously boost consumption” in the domestic economy<\/a>, a readout of China’s “Fourth Plenum” meeting said, according to a CNBC translation.<\/p>\n The S&P 500 claws back losses. The index rose 0.58% on Thursday, recovering from Wednesday’s fall<\/a>. The Stoxx Europe 600<\/a> added 0.37%, with shares of Kering<\/a> popping 8.7% after the luxury conglomerate beat revenue expectations<\/a>.<\/p>\n [PRO] Time to consider dividend stocks, CIO says. As interest rates come down, in accordance with market expectations, such stocks should get a boost<\/a>, according to Kevin Simpson, founder and chief investment officer at Capital Wealth Planning.<\/p>\n And finally…<\/p>\n Russian President Vladimir Putin observes the Russia-Belarus joint military exercises, codenamed Zapad-2025 (West-2025), at the Mulino training ground in the Nizhny Novgorod region, Russia September 16, 2025. <\/p>\n Mikhail Metzel | Via Reuters<\/p>\n Stony silence from Moscow after Trump turns on Russia, says talks with Putin ‘don’t go anywhere’<\/a><\/p>\n Just days after a “very productive” phone call between U.S. President Donald Trump and his Russian counterpart Vladimir Putin, Trump changed tack on Wednesday, voicing his frustration with Moscow. “We canceled the meeting with President Putin. It just, it didn’t feel right to meet,” he said Wednesday.<\/p>\n Trump’s comments on Putin were not highlighted by pro-Kremlin state media outlets such as\u00a0TASS<\/a>,\u00a0Radio Sputnik<\/a>\u00a0and\u00a0RIA Novosti<\/a> on Thursday, with barely a mention of the criticism or the canceled meeting.<\/p>\n \u2014 Holly Ellyatt<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump gestures during an announcement regarding his administration’s policies against cartels and human trafficking, from…\n","protected":false},"author":2,"featured_media":236467,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,161,49,48,95,1376,46,7109,108229,100,1378,2162,61,772,2163],"class_list":["post-236466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-business-news","tag-ca","tag-canada","tag-china","tag-donald-trump","tag-economy","tag-intel-corp","tag-kering-sa","tag-markets","tag-sp-500-index","tag-stoxx-600","tag-technology","tag-united-states","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/236466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=236466"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/236466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/236467"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=236466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=236466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=236466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}