The Fed's latest rate cut highlights internal division and ongoing tension between inflation concerns and signs of economic slowdown, especially in the labor market. Meta (META) reported strong earnings but faced investor skepticism over rising R&D and CapEx, contrasting with more disciplined spending at Alphabet (GOOGL) and Microsoft (MSFT).

Shares are mostly higher in Asia and Japan's benchmark Nikkei 225 index has surged more than 2% to another record.

Analysts at TD Cowen recently called Frost “perhaps the best run bank in the nation” based on its ability to offer investors “stronger than peer growth.”

With almost two decades as CEO, he’s turned JPMorgan into a colossus of capitalism. But as he approaches 70, the question now is: Who will succeed him?

Refiner Phillips 66 beat Wall Street third-quarter profit estimates on Wednesday, helped by stronger-than-expected refining margins and performance in its renewable fuels business, sending its shares up nearly 3%.

Chevron beat Wall Street's earnings and revenue estimates. Chevron on Friday reported third-quarter financial results that beat Wall Street estimates, as the company achieved record production due in part to its acquisition of Hess Corp.

The Oracle of Omaha's retirement at the end of this year isn't the biggest concern for Berkshire Hathaway shareholders.

Wall Street and the finance industry have broad misgivings about the prospect of frontrunner Zohran Mamdani becoming New York City's mayor, but many are hopeful he moderates his positions as they prepare to try and work alongside him.