A viral chart showing the S&P 500 soaring while job openings plunge has fueled fears that artificial intelligence is splitting the American economy in two. Since ChatGPT's debut in November 2022, the S&P 500 has surged more than 70%, while job openings have fallen about 30%. Journalist Derek Thompson, writing in his Substack last week, called the graphic "the scariest chart in the world," but said the truth is more complicated.Data from the Bureau of Labor Statistics shows job openings peaking at 11.5 milli ...

Warren Buffett's penultimate quarter as Berkshire Hathaway CEO saw the company's operating earnings soar and its cash pile grow to a fresh record of over $350 billion, but the legendary investor once again struggled to find bargains. Berkshire's third-quarter earnings report on Saturday showed a 34% year-on-year surge in operating income to $13.5 billion, as insurance underwriting income nearly tripled to $2.4 billion.Profits also climbed at the BNSF Railway and in the manufacturing, service, and retailing ...

Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings at Chief Executive Officer Warren Buffett’s conglomerate surged 34%.  That figure hit $13.5 billion, driven by an increase in insurance underwriting profit, in a period that was marked by an unusually low disaster activity, according to filings published Saturday.Buffett sells shares amid lower investment incomeBuffett offloaded $6.1 billion of shares during the period. In spite of that ...

Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings at Chief Executive Officer Warren Buffett’s conglomerate surged 34%.  That figure hit $13.5 billion, driven by an increase in insurance underwriting profit, in a period that was marked by an unusually low disaster activity, according to filings published Saturday.Buffett offloaded $6.1 billion of shares during the period. In spite of that growing cash hoard, the firm’s net investment inc ...

涉及的行业与公司 * 行业为中国宏观经济 涉及制造业、非制造业（服务业和建筑业）[1][3][6] * 公司为摩根士丹利 报告由其亚洲有限公司及亚太区经济学家团队发布 [5] 核心观点与论据 **制造业PMI下降的解读** * 10月制造业PMI显著下降至49.0 但主要是由于中秋节假期时间变化导致9月生产前置 造成的数据扭曲 [2][6][7] * 剔除扭曲后 9月和10月合并的制造业PMI为49.4 与8月的读数持平 [2] * 10月新订单指数下降至48.8 新出口订单指数下降至45.9 [6] **非制造业表现与财政政策传导** * 非制造业PMI整体表现不佳 建筑业和服务业PMI均弱于预期 反映了房地产和消费活动的持续拖累 [3][7] * 亮点是基础设施活动因财政政策传导而改善 土木工程建筑业PMI环比上升5个百分点 [3] **价格指数与通胀展望** * 投入价格指数为52.5 产出价格指数为47.5 [6] * 鉴于价格指数走弱 预计10月PPI环比可能降至-0.1% 但由于有利的基数效应 其同比增速可能回升至-2.2% [7] **第四季度经济增长展望** * 维持2025年第四季度GDP同比增长4.7%的预测 [4][7] * 预测的主要支撑因素包括：1万亿元人民币的财政和准财政刺激 以缓解地方政府资金压力并支持投资 [4] * 另一支撑因素是中美贸易休战（包括10%的芬太尼关税削减和美国技术壁垒暂停） 这减少了贸易和资本支出的短期不确定性 [4] 其他重要内容 * 报告包含详细的NBS PMI分项数据表 显示了各分项指数6月至10月的具体数值和权重 [6] * 报告附有大量法律声明、披露条款和区域分发规定 表明其性质为机构研究报告 [8][9][10][11][12]等

China’s factory activity slumped for the longest streak in more than nine years, prompting fresh calls for greater policy support even as the country reached a trade truce with the US. The official manufacturing purchasing managers’ index fell more than expected to 49 in October, suggesting activity dropped the most in six months just before a leaders’ meeting stabilized ties this week. New orders shrank the most since 2023 as demand took a hit from trade barriers and weak sentiment at home. Most Read fr ...

Standex International (SXI) reported $217.43 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 27.6%. EPS of $1.99 for the same period compares to $1.71 a year ago.The reported revenue represents a surprise of -0.06% over the Zacks Consensus Estimate of $217.57 million. With the consensus EPS estimate being $1.94, the EPS surprise was +2.58%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

For the quarter ended September 2025, Arcosa (ACA) reported revenue of $797.8 million, up 24.6% over the same period last year. EPS came in at $1.56, compared to $0.91 in the year-ago quarter.The reported revenue represents a surprise of +2.68% over the Zacks Consensus Estimate of $776.95 million. With the consensus EPS estimate being $1.33, the EPS surprise was +17.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Mueller Industries, Inc. (NYSE:MLI) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates. Mueller Industries (MLI) Posts Resilient Q3 Results; Highlights Robust Cash Flow and Dividend Growth Photo by Viacheslav Bublyk on Unsplash Mueller Industries, Inc. (NYSE:MLI) is an American manufacturer serving a wide⁠ range of industrial markets. In the third quarter of 2025, the company noted that‍ weakness in residential co⁠nstruct‌ion, coupled with an in‌creas‍e in imp⁠orted products ...

Q3 2025 EARNINGS PRESENTATION Transforming Precision and Powering the Next Generation of Innovation FORWARD LOOKING STATEMENTS This presentation contains express and implied forward-looking statementswithin the meaning of the Private Securities Litigation ReformAct of 1995, including statementsregarding our financial outlook for the full year of fiscal 2025, the impact of, and our ability to execute, our corporate strategies and business initiatives and the potential impact tariffs, high interest rates, hig ...