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Regional banks drag U.S. stocks amid loan fraud concerns

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Regional banks drag U.S. stocks amid loan fraud concerns

Zions fell 13.1% and Western Alliance 10.8% after disclosing fraud-related loan issues, fueling fears of broader credit risks. The S&P 500 dropped 0.6% as bank stress overshadowed strong TSMC results and mixed corporate earnings. Treasury yields and oil prices also declined.

Tesla nears early buy point as analysts split on outlook

Tesla is near a 440.51 early entry amid Q3 earnings anticipation, but BNP Paribas gave it a $307 price target, citing 29% downside. Barclays raised its target to $350. Tesla rose 5.3% this week, helped by Monday’s rebound above the 21-day EMA. Q3 earnings are due Oct. 22.

TSMC earnings boost Nvidia outlook amid AI chip demand

TSMC beat Q3 estimates with 41% YoY USD revenue growth, driven by AI chip demand. Its HPC segment surged 57%, and Q4 guidance topped expectations. CEO C.C. Wei cited accelerating AI momentum, signaling continued tailwinds for Nvidia, which dominates data center GPU supply.

🪙 Crypto

Bitcoin drop triggers $524M in liquidations, altcoins trail

Bitcoin’s dip below $110K sparked $524M in crypto liquidations, with altcoins like ETH and XRP falling up to 5%. Options data shows a surge in bearish bets, as traders hedge against further downside amid U.S.–China trade tensions and fragile risk sentiment.

🌎 Global Economy

IMF debt hits $162B, raising investor focus on Argentina and Ukraine

86 nations owe the IMF $162B, with Argentina ($57B), Ukraine ($14B), and Egypt ($9B) leading. Argentina's 2018 bailout remains the largest in IMF history. Investors are watching debt sustainability and geopolitical risk as IMF exposure to distressed markets rises.

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