Patty's Trap House

🚨 BREAKING Brent crude pushed above $112 a barrel Thursday, up 3.3% and at a five-month high, while U.S. stocks opened lower. At 9:50 a.m. ET: • Nasdaq: 26,274.65 (-1.60%) • S&P 500: 7,686.53 (-0.91%) • Dow: 52,708.92 (-0.28%) MY READ: Markets are taking a two…

🚨 BREAKING Initial U.S. jobless claims fell to 194,000 for the week ended Oct. 17—down 6,000, below the 200,000 consensus and near a 57-year low. The four-week average slipped to 197,750. The other side of the report was softer: continuing claims rose 25,000 t…

🚨 BREAKING SoFi launched SoFi Earn (SOFIE), which it calls the first national bank-issued tokenized deposit for consumers. Each SOFIE token represents $1 held on deposit at SoFi Bank and earns 4.40% APY, with FDIC insurance up to applicable limits. Customers c…

🚨 BREAKING France’s 10-year government-bond yield jumped to roughly 5.11% Thursday, its highest since July 2002. Reuters said the premium over German Bunds widened to its largest since November 2011—back in the eurozone sovereign-debt crisis—while protests and…

🚨 BREAKING American Airlines posted record third-quarter revenue, but the fuel shock just overwhelmed the top-line growth. American now expects a full-year adjusted loss of $1.00 to $1.60 per share. Q3 revenue reached $16.3 billion, up 19.3% year over year, wh…

🚨 BREAKING The Bank of Korea held its base rate at 3.00% on Oct. 22, pausing after back-to-back increases in July and August lifted the rate from 2.50% to 3.00%. MY READ: This is a pause, not a pivot. The BOK is choosing to assess the impact of 50 basis points…

🚨 BREAKING Southwest Airlines cut its 2026 adjusted-EPS outlook to $2.60–$2.85 from $3.25–$4.25 as higher fuel costs overwhelm otherwise strong demand. Q3 operating revenue hit a record $8.4 billion, up 21.2% year over year, and adjusted EPS was $0.66 versus t…

🚨 BREAKING IBM beat Wall Street’s third-quarter estimates, reporting adjusted EPS of $2.95 versus $2.86 expected and revenue of $17.10 billion versus $16.82 billion expected. Revenue rose 5% year over year. Software grew 8% to $7.8 billion and infrastructure g…