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2026-10-09

JP Morgan cuts PepsiCo PT to $137 from $138.

JP Morgan cuts PepsiCo PT to $137 from $138.
2026-10-09

JPMorgan Chase lowered its price target for PepsiCo from $138 to $137.

JPMorgan Chase lowered its price target for PepsiCo from $138 to $137.
2026-10-09

In August 2026, US construction spending exhibited a significant structural divergence. After adjusting for price factors, data center construction spending surged 64.5% year-on-year, far exceeding other construction categories; energy and power faci

In August 2026, US construction spending exhibited a significant structural divergence. After adjusting for price factors, data center construction spending surged 64.5% year-on-year, far exceeding other construction categories; energy and power facilities grew by 4.1%, becoming the only two sectors to maintain positive growth. In contrast, private non-residential construction declined by 5.9% overall, residential construction by 9.6%, manufacturing plants by a significant 23.9%, and office buildings (excluding data centers) by 13.9%. Data shows that US construction investment growth is highly concentrated in data centers and related power infrastructure, while traditional residential, commercial, and industrial construction are generally under pressure. The rapid expansion of data centers has not yet generated a widespread investment-driven effect, further exacerbating the growth imbalance within the US construction industry.
2026-10-09

Foreign media, citing local residents, report Eritrean soldiers have crossed into northern Ethiopia and advanced toward areas where Ethiopian government forces are clashing with local fighters. Fighting between Addis Ababa and forces linked to the Ti

Foreign media, citing local residents, report Eritrean soldiers have crossed into northern Ethiopia and advanced toward areas where Ethiopian government forces are clashing with local fighters. Fighting between Addis Ababa and forces linked to the Tigray People’s Liberation Front (TPLF) began two weeks ago; both sides accuse the other of violating a 2022 peace agreement. Ethiopia alleges Eritrea is backing the TPLF; Eritrea denies this. Eritrea was a key ally of Ethiopia in the 2020–22 war against the TPLF, but relations deteriorated after reports the Ethiopian prime sought minister control of an Eritrean Red Sea port. The two countries severed diplomatic ties last week. The escalation could add fresh geopolitical and shipping risk in the Red Sea.
2026-10-09

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 332nd consecutive trading day.

The combined turnover of the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan for the 332nd consecutive trading day.
2026-10-09

Hong Kong-listed CATL (03750.HK) gains widen to 5%.

Hong Kong-listed CATL (03750.HK) gains widen to 5%.
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