Market Signal Briefing

Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw double-digit jump in sales to $30 billion. 

Ticker Security Last Change Change % AMZN AMAZON.COM INC. 244.22 +21.36
+9.58%
"AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% year-over-year, our largest growth rate in 11 quarters," CEO Andy Jassy told investors. He was even more bullish on future growth. 

"Backlog grew to $200 billion by Q3 quarter end and doesn't include several unannounced new deals in October, which together are more than our total deal volume for all of Q3. AWS is gaining momentum. Customers want to be running their core and AI workloads in AWS given its stronger functionality, security and operational performance and the scale I see in front of us gives me significant confidence in what lies ahead," he added. 

Jassy took over the role from then CEO and co-founder Jeff Bezos back in July 2021 and has pushed to expand the tech giant into cloud computing, while also keeping its retail business, which includes Whole Foods, competitive. Earlier this week, the company announced it will eliminate 14,000 corporate jobs. 

AMAZON CUTTING 14,000 CORPORATE JOBS

Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association's Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. JIM WATSON/AFP via Getty Images (Jeff Bezos) Photographer: David P (JIM WATSON/AFP  /  David Paul Morris/Bloomberg / iStock)

Amazon's shares have advanced about 11% trailing the Nasdaq’s 23% rise and the S&P 500’s 16% rise. Still, the last time the stock traded near these levels was in February 2025. 

READ MORE ETF NEWS AND ANALYSIS

Amazon

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Over 600 exchange-traded funds count Amazon as the top holding, according to Seeking Alpha which also listed out the top leaders.

An AWS - Amazon Web Services ad board shown inside Century Link Field during an NFL game between the Los Angeles Rams and the Seattle Seahawks on October 3, 2019, at Century Link Field in Seattle, WA.  (Jeff Halstead/Icon Sportswire via Getty Images / Getty Images)

ETF INFLOWS TOP $1 TRILLION IN LIGHT SPEED

ETFs That Count Amazon its Largest HoldingGlobal X PureCap MSCI Consumer Discretionary ETF: 34.7% allocation

ProShares Online Retail ETF: 24.5% allocation

Fidelity MSCI Consumer Discretionary Index ETF: 22.6% allocation

Consumer Discretionary Select Sector SPDR Fund: 22.3% allocation

Vanguard Consumer Discretionary ETF: 21.5% allocation

Source: Seeking Alpha 

Ticker Security Last Change Change % GXPD GLOBAL X FDS PURECAP MSCI CONSUMER DISCE 26.95 +0.97
+3.75%
ONLN PROSHARES TRUST ONLINE RETAIL ETF 60.07 +1.04
+1.76%
FDIS FIDELITY COVINGTON TRUST MSCI CONSUMER DISCRETIONARY 102.68 +2.65
+2.65%
XLY CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF 239.93 +6.15
+2.63%
VCR VANGUARD WORLD FUND CONSUMER DISCRETIONARY ETF 395.62 +10.07
+2.61%
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ETFs are having a record year surpassing over $1 trillon of inflows in October, a level historically reached around December. 

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

VANCOUVER, British Columbia, Oct. 31, 2025 (GLOBE NEWSWIRE) -- South Star Battery Metals Corp. (“South Star” or the “Company”) (TSXV: STS) (OTCQB: STSBF) is pleased to announce that, further to its news releases dated September 30, 2025 and October 10, 2025, it has closed the second tranche of its previously announced non-brokered private placement of units (the “Unit Offering”), issuing 16,214,234 units (the “Units”) at a price of C$0.15 per Unit for gross proceeds of C$2,432,135 (approximately US$1,749,737).

Each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at a price of C$0.20 per Share for a period of five (5) years from the closing date, subject to acceleration. The expiry date of the Warrants may be accelerated, at the option of the Company, if at any time after four (4) months following the closing date, the closing price of the Company’s common shares on the TSX Venture Exchange (the “Exchange”) is at or above C$0.40 for ten (10) consecutive trading days, provided that the Company gives thirty (30) days’ prior notice to the holders by news release.

The securities issued under the second tranche of the Unit Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Net proceeds from the Unit Offering will be used for exploration and development activities, general and administrative expenses, and working capital. The second tranche of the Unit Offering remains subject to final approval of the Exchange.

The Company anticipates closing one or more additional tranches of the Unit Offering in the coming weeks, the closing of which remain subject to customary conditions, including the receipt of all necessary corporate and regulatory approvals, including approval of the Exchange.

Including the first tranche closed on October 10, 2025, the Company has raised total gross proceeds of C$3,260,362 (approximately US$2,345,584) under the Unit Offering.

In connection with this second tranche, the Company paid aggregate finder’s fees of C$10,530 (approximately US$7,576) in cash.

The Company intends to hold a shareholder meeting on or about November 17, 2025 to seek approval of shareholders for Mr. Tiago Cunha, the interim Chief Executive Officer and a director of Company to become a control person of the Company in accordance with the requirements of the Exchange. Subject to and upon receipt of such shareholder approval, the funds directed and controlled by Mr. Tiago Cunha will complete the purchase of an additional 12,342,088 Units, representing the balance of their C$2,085,000 (approximately US$1.5 million) investment commitment.

Insiders of the Company purchased an aggregate of 4,226,667 Units in the second tranche of the Unit Offering. Such insider participation constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, as the fair market value of the securities subscribed for does not exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ABOUT SOUTH STAR BATTERY METALS CORP.

South Star is a Canadian battery-metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star’s Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial- and battery-metals projects that will be put into production. Brazil is the second-largest graphite- producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (> 30 tonnes) has been completed. The results of the testing show that approximately 65% of graphite concentrate is +80 mesh with good recoveries and 95%-99% graphitic carbon (Cg). With excellent infrastructure and logistics, South Star Phase 1 is ramping up commercial production with first sales shipped in May 2025. Santa Cruz is the first new graphite production in the Americas since 1996.

South Star’s second project in the development pipeline is strategically located in the center of a developing electric-vehicle, aerospace, and defense hub in Alabama, U.S.A. The BamaStar Project includes a historic mine active during the First and Second World Wars. The vertically integrated production facilities include a mine and industrial concentrator in Coosa County, AL and a downstream value-add plant in Mobile, AL, which will be upgrading natural flake graphite concentrates from both Santa Cruz and BamaStar mines. A NI 43-101 Preliminary Economic Assessment demonstrates strong economic results with a pre-tax Net Present Value ("NPV8%") of US$2.4 billion and an Internal Rate of Return ("IRR") of 35%, as well as an after-tax NPV8% US$1.6 billion with an IRR of 27%. South Star has also received US$3.2 million grant commitment from the US Department of Defense Title III program to advance a feasibility study on the BamaStar project. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles, based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved for South Star by Marc Leduc, P. Eng., a “Qualified Person” under National Instrument 43-101 and Chairman of South Star Battery Metals Corp.

On behalf of the South Star Board of Directors,

MR. MARC LEDUC,
CHAIRMAN OF THE BOARD OF DIRECTORS

For additional information, please contact: South Star Investor Relations

South Star Investor Relations
  Email:[email protected]: +1 (604) 706-0212Website:www.southstarbatterymetals.com  Twitter: https://twitter.com/southstarbmFacebook:https://www.facebook.com/southstarbatterymetalsLinkedIn:https://www.linkedin.com/company/southstarbatterymetals/YouTube:https://www.youtube.com/@southstarbatterymetals6425   CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

FORWARD-LOOKING INFORMATION

This press release contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”.

Forward-looking statements in this press release include, but are not limited to, the completion of subsequent tranches of the Unit Offering, the anticipated gross proceeds and the use of proceeds therefrom, the timing and receipt of regulatory approvals, and the Company’s overall strategy, plans, and future expectations.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Additional information on these and other risk factors can be found in the Company’s continuous disclosure documents available under its profile on SEDAR+ at www.sedarplus.ca.

Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

CNBC's MacKenzie Sigalos breaks down why investors are punishing Meta's soft guide and lack of a cloud business, while rewarding Amazon and Alphabet's AI momentum.

Retail investor sentiment around DoorDash (NASDAQ: DASH) has deteriorated sharply over the past five days.

Spirit AeroSystems headquarters is seen in Wichita, Kansas, U.S. December 10, 2024. REUTERS/Nick Oxford/File Photo Purchase Licensing Rights, opens new tab

Oct 31 (Reuters) - Spirit AeroSystems

(SPR.N), opens new tab posted a bigger third-quarter loss on Friday, as the aerospace supplier continues to burn through cash, weighed down by higher costs in its supply chain.

The company, which is set to be acquired by its former parent, Boeing

(BA.N), opens new tab, is grappling with rising costs that are eating into margins.

Sign up here.

The EU approved the $4.7 billion acquisition earlier this month, after Boeing offered to divest all of Spirit's businesses that currently supply aerostructures to European rival Airbus

(AIR.PA), opens new tab.

Boeing offered remedies after the European Commission, which acts as the EU antitrust enforcer, said the deal would have significantly reduced competition in the global aerostructure market and in the large commercial aircraft sector.

The deal, which is set to close in the fourth quarter, is still awaiting U.S. approval.

Earlier on Friday, ratings agency S&P Global said the U.S. government shutdown could likely delay that acquisition into 2026. However, an industry source told Reuters that he was not expecting a delay into 2026.

Spirit posted a quarterly net loss of $724 million, or $6.16 per share, compared with a loss of $477 million, or $4.07 apiece, it reported a year ago.

Total revenues rose 8% to $1.59 billion in the quarter, up from the $1.47 billion last year.

Reporting by Utkarsh Shetti in Bengaluru; Editing by Alan Barona

Our Standards: The Thomson Reuters Trust Principles., opens new tab

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California, captioned Kim v. Synopsis, Inc., et al., Case No. 3:25-cv-09410, on behalf of persons and entities that purchased or otherwise acquired Synopsys, Inc. (“Synopsys” or the “Company”) (NASDAQ: SNPS) securities between December 4, 2024 and September 9, 2025, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action.

IF YOU SUFFERED A LOSS ON YOUR SYNOPSYS INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?

On September 9, 2025, after market hours, Synopsys released its third quarter 2025 financial results, revealing the Company’s “IP business underperformed expectations.” The Company reported quarterly revenue of $1.740 billion, missing its prior guidance of between $1.755 billion and $1.785 billion, and reported net income of $242.5 million, a 43% year-over-year decline from $425.9 million reported for third quarter 2024. Moreover, the Company reported its Design IP segment accounted for approximately 25% of revenue and came in at $426.6 million, a 7.7% decline year-over-year. Finally, management provided guidance which implied that Design IP revenues will decline by at least 5% on a full-year basis in fiscal 2025.

On this news, Synopsys’s stock price fell $216.59, or 35.8%, to close at $387.78 per share on September 10, 2025, on unusually heavy trading volume.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the extent to which the Company’s increased focus on artificial intelligence customers, which require additional customization, was deteriorating the economics of its Design IP business; (2) that, as a result, “certain road map and resource decisions” were unlikely to “yield their intended results;” (3) that the foregoing had a material negative impact on financial results; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired Synopsys securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Charles Linehan, Esq.,

Glancy Prongay & Murray LLP,

1925 Century Park East, Suite 2100,

Los Angeles California 90067

Email: [email protected]

Telephone: 310-201-9150,

Toll-Free: 888-773-9224

Visit our website at www.glancylaw.com.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BAND either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Excitement about the quantum computing industry has sent D-Wave Quantum stock soaring.

Quantum computing could potentially be the next major tech innovation, and that has driven increased investment in pure-play quantum computing companies, including D-Wave Quantum (QBTS +2.63%). Over the last year, its share price has increased by over 3,000%.

Companies that are skyrocketing in value sometimes decide to carry out stock splits. Case in point, market leader Nvidia has split its stock twice from 2021 to 2024. This can be exciting for shareholders, so let's see whether D-Wave is likely to do the same.

Image source: Getty Images.

What's the point of a stock split?
A stock split is a way for a company to modify its number of shares and, in turn, its share price. In a forward stock split, the company divides its shares and lowers its share price. Say it trades at $2,000 per share and executes a 10-for-1 stock split. Shareholders would get 10 shares for every one that they owned before the split, and the share price would drop to $200. Even though the share price changes, the value of each shareholder's position doesn't.

Share prices don't indicate how expensive a stock is -- that would be the valuation metrics -- but a high share price can keep prospective investors away. Some people want to invest a few hundred dollars at most, not thousands, and not everybody's broker offers fractional shares.

However, D-Wave's share price isn't scaring off anybody right now. It's affordable for most investors, so we're not in forward split territory here.

Today's Change

(

2.63

%) $

0.95

Current Price

$

37.06

There is another type of stock split: a reverse split. The company reduces its number of shares and increases its share price. Companies sometimes execute reverse stock splits if they're in danger of being delisted from a stock exchange because of a low share price. The New York Stock Exchange requires companies to maintain an average closing price of $1 per share, and D-Wave is well above that mark.

D-Wave has diluted shares instead of splitting them
D-Wave hasn't conducted any stock splits before. However, it has diluted shares through at-the-money (ATM) equity offerings. Like the rest of the pure-play quantum computing companies, D-Wave has been operating at a loss. Equity offerings allow it to take advantage of its growing share price to raise money.

In January, D-Wave completed a $150 million ATM equity offering. That was followed by a $400 million offering in June.

Like a stock split, an equity offering increases a company's number of outstanding shares. The downside is that previous shareholders' positions lose value, as they make up a smaller portion of the company. But equity offerings generate cash, while stock splits don't, so they make more sense for D-Wave's current situation.

A stock split would require even more growth from D-Wave
D-Wave has a long way to go before it needs to consider a stock split, and it's hard to see that kind of growth happening without some major developments. The company has generated $22 million in trailing revenue and is trading at a hefty 375 times sales, at the time of this writing.

In fairness, this isn't out of the ordinary for a quantum computing company. Of the four big names, only IonQ is trading at a lower sales multiple right now, while Rigetti Computing and Quantum Computing are much higher.

QBTS PS Ratio data by YCharts. PS Ratio = price-to-sales ratio.

Pure-play quantum computing stocks are speculative investments. They're not profitable -- D-Wave has a net loss of $282 million over the trailing 12 months (TTM) -- and likely won't be until the end of the decade, if not later.

If you think quantum computing is the future and believe in D-Wave's quantum annealing technology, then a small investment could be appropriate. The company's small revenue numbers indicate that it hasn't generated much demand for its technology yet, but that could change down the road. If so, we may see D-Wave one day announce a stock split, but don't expect that to happen in the near future.

NEW YORK--(BUSINESS WIRE)--Trick-or-Treat! The Empire State Building (ESB) today announced details for its fall and Halloween festivities with an iconic pop-up, special tower lighting, fall photo corner, exclusive ticket offers and a visit from the Queen of Halloween, Heidi Klum.

“The Empire State Building has always been at the heart of New York’s holiday celebrations,” said Dan Rogoski, SVP, general manager of the Empire State Building Observatory. “Our fall festivities bring that same energy to the ‘World’s Most Famous Building’ as they blend tradition, creativity, and a bit of spooky fun for all our visitors.”

Queen of Halloween

Known worldwide as the undisputed Queen of Halloween, Heidi Klum visited the Empire State Building to flip the famous light switch and kick off the spooky holiday celebrations.

After the ceremony, she toured the Observatory Experience, recently named the number one Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s’ 2025 Travelers Choice Awards: Best of the Best Things to Do. Visitors are invited to embrace Halloween and show up in their festive costumes all weekend for a one-of-a-kind experience from the heart of NYC.

A New York Classic

Through Nov. 21, iconic New York bagel shop Ess-a-Bagel will reside on the Empire State Building’s 86th floor observation deck every day from 9 a.m. to 4 p.m. Observatory guests can purchase signature New York City bagel sandwiches, festive schmears, fall baked goods, and snacks as they take in the breathtaking 360-degree views of New York City.

Streets to Skies

The Empire State Building invites its city’s 2025 TCS Marathon runners to take a victory lap at the world-famous Observatory. From Oct. 30 through Nov. 3, marathon participants are offered an exclusive 15% off ticket to take in the best views from the world-famous 86th floor Observatory and panoramic 102nd floor Observatory. Tickets will be validated on-site with a race email or participation medal. Tickets can be purchased here.

Festive Photos

Now through Nov. 6, the Empire State Building’s world-famous 86th Floor Observatory will be adorned with a fall, apple orchard-inspired photo opportunity on the deck’s Southwest corner. The display features clusters of apples that hang from boughs and wooden crates full of fall-favorite fruit.

Spirit-Filled Lightings

The Empire State Building’s iconic tower lights will shine in a festive orange and green to resemble a giant pumpkin on Halloween night from dusk to dawn. The building will also debut its first-ever spooky Halloween hourly chime that will feature flashes, fades, sparkles, and strobes which will take place for five minutes at the top of each hour.

Text CONNECT to 274-16 to receive real-time information about each Empire State Building tower lighting.

The Empire State Building’s world-famous Observatory Experience underwent a $165 million reimagination that added a brand-new ticket center, interactive museum with nine galleries, bespoke host uniforms, and a new 102nd Floor Observatory with unmatched views from the heart of New York City.

Hi-res imagery can be downloaded here.

More information about the Empire State Building can be found online.

About the Empire State Building

The Empire State Building, the “World's Most Famous Building," owned by Empire State Realty Trust, Inc. (ESRT: NYSE), soars 1,454 feet above Midtown Manhattan from base to antenna. The $165 million reimagination of the Empire State Building Observatory Experience created an all-new experience with a dedicated guest entrance, an interactive museum with nine galleries, and a redesigned 102nd Floor Observatory with floor-to-ceiling windows. The journey to the world-famous 86th Floor Observatory, the only 360-degree, open-air observatory with views of New York and beyond, orients visitors for their entire New York City experience and covers everything from the building's iconic history to its current place in pop culture. The Empire State Building Observatory Experience welcomes millions of visitors each year and is ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor’s 2025 Travelers’ Choice Awards: Best of the Best Things to Do, "America's Favorite Building" by the American Institute of Architects, the world's most popular travel destination by Uber, and the #1 New York City attraction in Lonely Planet’s Ultimate Travel List.

Since 2011, the building has been fully powered by renewable wind electricity, and its many floors house a diverse array of office tenants such as LinkedIn and Shutterstock, as well as retail options like STATE Grill and Bar, Tacombi, and Starbucks. For more information and Observatory Experience tickets visit esbnyc.com or follow the building's Facebook, X (formerly Twitter), Instagram, Weibo, YouTube, or TikTok.

Source: Empire State Realty Trust, Inc.

Category: Observatory

More News From Empire State Realty Trust, Inc.

Q3: 2025-10-30 Earnings SummaryEPS of $3.49 beats by $0.12

 |

Revenue of

$1.07B

(6.69% Y/Y)

misses by $17.82M

Erie Indemnity Company (ERIE) Q3 2025 Earnings Call October 31, 2025 10:00 AM EDT

Company Participants

Scott Beilharz - Vice President of Capital Management & Investor Relations
Timothy NeCastro - President & CEO
Julie Pelkowski - Executive VP & CFO

Presentation

Operator

Good morning, and welcome to the Erie Indemnity Company Third Quarter 2025 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording.

Now I would like to introduce your host for the call, Vice President of Investor Relations, Scott Beilharz. Please proceed.

Scott Beilharz
Vice President of Capital Management & Investor Relations

Thank you, and welcome, everyone. We appreciate you joining us for this recorded discussion about our third quarter results. This recording will include remarks from Tim NeCastro, President and Chief Executive Officer; and Julie Pelkowski, Executive Vice President and Chief Financial Officer.

Our earnings release and financial supplement were issued yesterday afternoon after the market closed and are available within the Investor Relations section of our website, erieinsurance.com.

Before we begin, I would like to remind everyone that today's discussion may contain forward-looking remarks that reflect the company's current views about future events. These remarks are based on assumptions subject to known and unexpected risks and uncertainties. These risks and uncertainties may cause results to differ materially from those described in these remarks.

For information on important factors that may cause such differences, please see the safe harbor statement in our Form 10-Q filing with the SEC filed yesterday and in the related press release. This prerecorded call is the property of Erie Indemnity Company. It may not be reproduced or rebroadcast by any other party without the prior written consent of Erie Indemnity Company.

With that, we will move on to Tim's remarks. Tim?

Timothy NeCastro
President & CEO

Recommended For You

Focus on U.S. Strategy VANCOUVER, BC / ACCESS Newswire / October 31, 2025 / Onco-Innovations Limited (CBOE CA:ONCO)(OTCQB:ONNVF)(Frankfurt:W1H, WKN: A3EKSZ) ("Onco" or the "Company") is pleased to provide a corporate update outlining its strategic objectives for the upcoming year. The update follows Onco-Innovations' CEO Thomas O'Shaughnessy's recent appearance on Cboe Canada's Investor Spotlight (October 22, 2025), where he discussed Onco's mission to enhance cancer treatment technologies through innovation, AI-driven research, and strategic growth initiatives.

Calgary, Alberta / October 31, 2025 – TheNewswire - Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP), a vertically integrated AI software development company, is pleased to announce that it has closed the final tranche of its previously announced convertible note offering (the “Offering”) for gross proceeds of $150,000 CAD through the issuance of senior unsecured convertible notes (the “Convertible Notes”) pursuant to a subscription agreement dated October 23, 2025 (the “Agreement”).

Under the terms of the Agreement, the Convertible Notes bear interest at a rate of 20% per annum, calculated and payable in accordance with their terms, and have a maturity date of twelve (12) months from the date of issuance. The Convertible Notes are convertible into common shares (the “Common Shares”) of the Company at a price equal to 100% of the closing price of the Common Shares on the Canadian Securities Exchange (“CSE”) on the trading day immediately preceding the submission of a conversion notice, subject to a minimum conversion price of $0.05 per share or such other price as may be permitted under the policies of the CSE.

The Convertible Notes constitute senior unsecured obligations of the Company, ranking pari passu with all other existing and future senior unsecured indebtedness, senior to all subordinated indebtedness, and junior to all secured indebtedness.

The Company retains the right, at its option, to redeem all or part of the Convertible Notes prior to maturity by providing ten (10) trading days’ written notice to the holder and paying 110% of the principal amount being redeemed, during which period RPS may continue to exercise its conversion rights.

The Convertible Notes also include a 9.99% ownership limitation, preventing the holder and any joint actors from beneficially owning more than 9.99% of the Company’s issued and outstanding Common Shares following any conversion.

The net proceeds from this offering were used to repay certain debts owed to creditors and for working capital purposes.

The securities issued in connection with the Offering were being issued in accordance with the requirements of the ASC Rule 72-501 – Distributions to Purchasers outside of Alberta (“ASC Rule 72-501”) and are not subject to a hold period. The Company would also like to clarify that the convertible notes issued pursuant to the first tranche of the Offering were also issued pursuant to ASC Rule 72-501.

About Credissential

Credissential is an AI powered financial services software developer.

For more information about Credissential and other products from Credissential, visit www.credissential.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Chief Executive Officer                Colin Frost

Head Office                         2004 Sherwood Drive Sherwood Park, AB T8A 0Z1

Telephone                         +1 (236) 513 4776

Email                                 [email protected]  

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Forward-Looking Information

Certain statements contained in this press release constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking information relates to future events or the Company’s future performance and includes, but is not limited to, statements with respect to: the terms and conditions of the Convertible Notes, the conversion rights and redemption provisions, the anticipated use of proceeds, the Company’s ability to comply with the terms of the Convertible Notes, and the Company’s business plans and strategies.

Forward-looking statements are based on management’s current expectations and are subject to a number of risks and uncertainties, including but not limited to: the Company’s ability to meet its obligations under the Convertible Notes, general economic and market conditions, volatility in capital markets, regulatory approvals, and the risk factors set out in the Company’s continuous disclosure filings available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Actual results could differ materially from those anticipated in such forward-looking statements.

Forward-looking information is provided as of the date of this press release. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Molina Healthcare, Inc. (NYSE: MOH) between February 5, 2025 and July 23, 2025, both dates inclusive (the "Class Period"), of the important December 2, 2025 lead plaintiff deadline.

So what: If you purchased Molina securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Molina Healthcare class action, go to https://rosenlegal.com/submit-form/?case_id=45913 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 2, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants throughout the Class Period failed to disclose to investors: (1) material, adverse facts concerning Molina's "medical cost trend assumptions;" (2) that Molina was experiencing a "dislocation between premium rates and medical cost trend;" (3) that Molina's near term growth was dependent on a lack of "utilization of behavioral health, pharmacy, and inpatient and outpatient services;" (4) as a result of the foregoing, Molina's financial guidance for fiscal year 2025 was substantially likely to be cut; and (5) as a result of the foregoing, defendants' positive statements about Molina's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Molina Healthcare class action, go to https://rosenlegal.com/submit-form/?case_id=45913 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

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SOURCE THE ROSEN LAW FIRM, P. A.

GUADALAJARA, Mexico, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports that, after the passage of Hurricane Melissa through Jamaica, Montego Bay International Airport resumed operations yesterday, October 30, at 4 p.m. (local time) for evacuation flights and humanitarian aid.

Asset management firm 21Shares has filed for a new exchange-traded fund (ETF) tracking the Hyperliquid (HYPE) token, a key asset behind the perpetual futures protocol and blockchain of the same name. The filing, submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, comes as investor interest in altcoin-related ETFs continues to grow.

21h17 ▪
3
min read ▪ by
Evans S.

Summarize this article with:

Seventeen years after the publication of the white paper by Satoshi Nakamoto, bitcoin is no longer a niche bet. It is a global asset worth 2 trillion dollars. Yet, on this October 31, the market turns the page on a thwarted “Uptober.” October closes in red for the first time since 2018. A signal to be read carefully, without melodrama.

In brief

Seventeen years after the white paper, bitcoin has become a macro asset worth 2 trillion USD.
October closes in red, first time since 2018, amid controlled deleveraging.
Fundamentals and structural flows remain solid, suggesting a healthier recovery.

From PDF to planetary protocol
On October 31, 2008, Satoshi shared a nine-page document. Plain title: “Bitcoin: A Peer-to-Peer Electronic Cash System.” The promise fits into one sentence. Exchange value without an intermediary, while avoiding double spending thanks to proof-of-work. Simple on paper, revolutionary in its implications.

In 17 years, bitcoin has moved from the forum to the trading floor. From cypherpunks to institutional treasurers. From patched nodes to industrial data centers. The network has withstood forks, bans, cycles. It has gained liquidity, tools, and risk monitoring. In short, it has grown.

Today, the asset is held by funds, companies, sometimes states. It supports a whole industry: derivatives, custody, compliance, payment infrastructure. This framework changes the reading of cycles. Excesses remain, but shock absorbers exist. And this matters when the wind changes.

Red October for bitcoin: a cyclical hiccup, not a structural problem
Historically, October has favored bitcoin. It’s called “Uptober” for a reason: on average, this month has offered solid returns. This year, no. The price falls more than 3% over the month. The positive streak ends. First negative October close in seven years.

Should it be seen as a trend reversal? Not so fast. The decline occurred amidst orderly deleveraging. Less leverage. Fewer fragile positions. The crypto markets experienced a rapid down leg, then cautious buybacks. The dominant narrative at desks is clear: “controlled deleveraging.” Painful short-term, healthy for what follows.

October closes down, yes. But bitcoin itself closes one chapter and opens another. The asset has survived much worse than the end of an “Uptober.” Maturity is measured by how the market absorbs shocks. And from this perspective, 2025 looks less like 2018 and more like a better equipped, more liquid, more professional version of the same game.

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Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Borderless Capital’s Amit Mehra said quantum computing remains years away from threatening Bitcoin, though rapid advances could make post-quantum security urgent.

Although still in its “infancy,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital.

When asked what trends Borderless Capital was following, Mehra, speaking to Cointelegraph at Global Blockchain Congress Dubai 2025, said the company was  “diving deep into quantum compute” and looking at how companies are developing quantum resistance technology. 

Mehra said quantum computing will take until the end of the decade to develop. Still, he said, people tend to underestimate the rapid evolution of technology:

“Given the recent advancements which have happened in chip technology, in compute tech, and in the power of doing compute in a decentralized way, it [quantum computing] is definitely a problem. If not imminent […] in the very near future.”Quantum computing harnesses the principles of quantum physics to process information at speeds far beyond today’s machines. While the technology is still emerging, it could eventually break the encryption protecting cryptocurrencies and other sensitive data, pushing developers to create new, post-quantum security standards.

Charles Edwards, founder of quantitative Bitcoin and digital asset fund Carpriole, said the situation is far more urgent and argues that the industry must employ solutions as soon as possible before it is too late. 

On Oct. 15, he posted on X, “If Bitcoin doesn’t solve Quantum in the next year, Gold will keep outperforming it forever.”

“It is an emergency and we need to choose a solution next year,” he wrote.

Source: Charles EdwardsPreparing for the quantum threatMehra and Edwards aren’t the only ones concerned about quantum computing. 

In July, SUI Research unveiled a new cryptographic framework designed to safeguard blockchains from quantum computing threats — without the need for hard forks, new addresses or key resets.

But while the new solution works for SUI, Near, Solana, Cosmos and other blockchain networks, it does not solve the problem for Bitcoin or Ethereum.

Sources: KostasCryptoMeanwhile, the US government is reportedly considering investing in quantum computing to protect national security interests.

An October report from Bloomberg said that the US Department of Commerce may allocate funds to the nascent tech to stay competitive with China.

Magazine: Bitcoin white paper turns 17 as first red October in 7 years looms for BTC

Bitcoin price has rebounded slightly to $109,600 after yesterday’s dip to $106,000, ending what has been a tumultuous October for bitcoin.

Traders are now cautiously optimistic as the market transitions from the failed “Uptober” rally to the historically stronger month of November.

Yesterday, Bitcoin tumbled over 3% amid renewed risk-off sentiment sparked by Federal Reserve Chair Jerome Powell’s hawkish comments on future rate cuts and renewed U.S.–China trade tensions. 

The dip extended a week-long decline that began after the Fed delivered a modest 25 basis point cut but signaled uncertainty for December’s meeting.

Bitcoin price had a disappointing October Bitcoin entered October with high hopes for “Uptober,” a seasonal trend historically associated with double-digit gains. 

Early in the month, Bitcoin briefly touched $125,000, only to give back much of those gains amid macroeconomic jitters and slow institutional activity. On October 10, the bitcoin price dropped sharply to the $108,000 range from $117,000 as the U.S.-China trade tensions and new tariffs triggered a market-wide sell-off. 

At its lowest, Bitcoin fell about 10% on that day and other cryptocurrencies dropped 20–40%, though it later rebounded to around $113,000 amid high volatility.

Strategy (MSTR), one of the largest Bitcoin accumulators, bought just 778 BTC in October — down 78% from September — bringing its total holdings to over 640,000 BTC.

Altcoins mirrored Bitcoin’s struggle this month. At times, Ethereum fell below $3,790, while Solana dipped under $187. Despite the weakness, Bitcoin dominance remains steady at roughly 57%, suggesting the market is consolidating rather than capitulating.

Bitcoin price rebound in ‘Moonvember?’ Looking ahead, traders are turning their attention to next month, November — sometimes nicknamed “Moonvember” — which historically follows strong October performances. 

Despite macroeconomic pressures, some analysts see potential for Bitcoin to retest all-time highs going into 2026, assuming stable Fed guidance, renewed inflows, and no new shocks.

That being said, bitcoin has traded in an unusually tight range between $106,000 and $123,000 for over four months, pushing volatility to record lows, a pattern that historically precedes major trending moves. 

If past fractals repeat, Bitcoin could see significant gains toward $170,000–$180,000 by and through  2026, though sideways trading may persist until macro catalysts like Fed rate cuts or capital rotation spur renewed volatility.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

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Real World Assets (RWA) News

BlackRock and Securitize Expand BUIDL Beyond Ethereum With Multi Chain Strategy

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Real-world asset (RWA) tokenization platform Ondo Global Markets has expanded its offerings to BNB Chain, allowing millions of users to access tokenized versions of popular U.S. stocks and exchange-traded funds (ETFs). This move strengthens the connection between traditional finance and decentralized finance (DeFi), enabling investors worldwide to participate in Wall Street markets through blockchain technology.

The price of Zcash soared on Oct. 31, reaching $388—its highest level in over seven years. October Gains Fueled by Hype and Fundamentals On Oct. 31, the price of privacy-focused cryptocurrency Zcash (ZEC) surged over 10% to reach $388—its highest level in more than seven years.

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Even though the price of Cardano has shown robust weakness over the past few days, the network’s activity remained strong, delivering a notable performance during this period. A recent report has revealed that the leading blockchain has experienced a sharp growth in terms of Adjusted On-chain Volume.

Surge In Cardano’s Adjusted Transaction Volume
The leading Cardano network appears to be significantly growing and thriving in the midst of ongoing bearish price performance, which has caused ADA to fall back to the $0.60 mark. In a post on the social media platform X, TapTools has outlined the blockchain resilience as its Adjusted On-chain Volume explodes.

According to the expert, the network has processed more than $6 billion in adjusted on-chain volume as of Thursday. The on-chain volume ultimately reached the aforementioned value after attracting a more than 21% increase.

Specifically, the kind of growth highlights a fresh wave of network activity, indicating that both traders and long-term holders are shifting their positions. As ADA responds to changes in the larger cryptocurrency market, this uptick is likely a sign of rising liquidity and network usage.

Source: Chart from TapTools on X
It is worth noting that Cardano recorded a massive rise in adjusted on-chain volume despite the number of active addresses on the blockchain seeing a slight decline. Data shared by TapTools shows that the total number of active addresses is currently situated at around 21,930 following a 2.71% drop on Thursday.

This slight drop in active addresses on the blockchain may suggest that short-term users are taking a step back due to the shifting market environment. The chart also showed other key metrics such as Top 100 Holder Share, Net Unrealized Profit and Loss, STH vs LTH Supply Distribution, among others. 

Cardano’s Top 100 holder share currently stands at 29.04% while its net unrealized profit and loss is at the 0.05 level. Meanwhile, the STH vs LTH Supply Distribution shows 48% of short-term holders are distributing, and 52% of long-term holders are distributing.

Growing Institutional Demand Towards ADA
Cardano’s price decline has not hindered institutional demand for ADA, as evidenced by the notable accumulation from American-based cryptocurrency exchange, Coinbase. Coinbase is doubling down on the altcoin, with its cbADA proof of reserves surging to 17.48 million ADA.

TapTools highlighted that the platform acquired over 9.56 million ADA in less than a month, bringing its total supply held to 17.48 million ADA. This move up represents an 83% increase in wrapped Cardano holdings, which suggests that on-chain demand continues to accelerate.

During this period, ADA’s Open Interest on Coinbase also experienced an increase. Data from TapTools shows that ADA’s open interest on the platform rose to $2.2 million. According to TapTools, this rise in open interest is another sign of increasing demand in the Cardano market.

ADA trading at $0.61 on the 1D chart | Source: ADAUSDT on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Starting December 2025, Nordea will introduce a new investment opportunity for its customers, allowing them to trade a bitcoin-linked synthetic exchange-traded product (ETP) on its platforms. This announcement marks a significant step in making cryptocurrency more accessible to investors in the Nordic region.

Key NotesExperts estimate quantum computers capable of breaking Bitcoin encryption could emerge within 5-10 years based on recent IBM and Google advances.Dormant Satoshi-era coins totaling 1.72 million BTC in outdated address formats face highest risk from quantum algorithm attacks.Bitcoin community remains divided on whether to burn vulnerable coins or migrate them, with proposed quantum-resistant solutions creating major scaling issues.
The Human Rights Foundation published a report on Oct. 31, 2025, warning that cryptographically relevant quantum computers pose a significant threat to Bitcoin

BTC
$109 456

24h volatility:
1.9%

Market cap:
$2.18 T

Vol. 24h:
$61.85 B

security. The report states that 6.51 million BTC are vulnerable to quantum attacks within the next five years.

The vulnerable supply includes 1.72 million BTC in early Pay-to-Public-Key addresses, according to the report. These coins, valued at approximately $188 billion, are considered dormant and include an estimated 1.1 million BTC attributed to Satoshi Nakamoto. An additional 4.49 million BTC remain vulnerable, though active owners could migrate these funds to quantum-secure address types.

Timeline and Technical Threats
Eighty experts at the July 2025 Presidio Bitcoin Quantum Summit assessed that quantum computers capable of breaking Bitcoin’s encryption could emerge within 5-10 years. Market analyst Charles Edwards’ 2026 quantum threat warning aligns with the urgency expressed at the summit. Recent hardware advances from IBM, including a 120-qubit system, and Google’s 105-qubit Willow chip add material urgency to the threat assessment.

Quantum computers running Shor’s algorithm could execute long-range attacks on addresses with exposed public keys, including P2PK formats and reused addresses. Short-range attacks targeting new transactions during their brief exposure window also present risks to Bitcoin’s security model.

Community Debate Over Dormant Coins
The report highlights a “burn or steal” dilemma dividing the Bitcoin community over how to handle the vulnerable Satoshi-era funds and other dormant coins in P2PK addresses. The Presidio Summit confirmed that no consensus has been reached on whether these coins should be destroyed or left vulnerable to potential theft by quantum attackers.

Presidio Bitcoin Survey | Source: Presidio Bitcoin

Multiple quantum-resistant signature schemes have been proposed, including lattice-based and hash-based approaches. However, these solutions are 10 to 38 times larger than current signatures, creating significant blockchain scaling challenges. The summit surfaced competing approaches, including SPHINCS+, Lifeboat, and BIP360 proposals, but participants did not converge on a single roadmap.

Experts reached consensus on one immediate action item: eliminating address reuse, particularly by exchanges and custodians. The summit emphasized that institutional custody solutions must adopt better operational practices to reduce vulnerability before quantum computers arrive.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X