Daily news for October 16, 2025
Stock index futures indicate a positive opening for major indices as investors evaluate a surge in corporate earnings reports, while gold keeps reaching record highs; Walmart (WMT) shares have increased after closing at record highs for the past two days, following reports of the retailer's partnership with OpenAI; Salesforce (CRM) shares are rising following the company's release of updated long-term revenue forecasts; Taiwan Semiconductor Manufacturing Co. (TSMShares are increasing as the robust demand for AI chips keeps driving sales growth; meanwhile, Nestlé is cutting 16,000 jobs. Here's what you should be aware of today.
1. Stock Index Futures Increase, Gold Achieves New All-Time High
Stock index futures are rising as positive earnings reports from financial institutions keep coming in. Futures linked to the Dow Jones Industrial Average increased by 0.2% recently, following the performance of the blue chip indexclosed fractionally lower yesterday. Futures tied to the benchmark S&P 500 and the technology-focused Nasdaq, both of which closed higher on Wednesday, rose 0.4% and 0.6%, respectively, this morning. Gold increased by 1.4% to $4,260 per ounce, as investors keep channeling funds into this safe-haven asset due to stock market fluctuations and economic instability. Bitcoin(BTCUSD) remained largely unchanged at $111,600, trading close to its lowest points of the month and significantly below the record high of $126,000 established earlier last week. The yield for the 10-year Treasury note, which influences borrowing costs for various loans, stood at 4.01%, a decrease from 4.04% the previous day.
2. Walmart Achieves New Peaks Through Partnership with OpenAI
Walmart (WMT) shares are marginally up in premarket trading followingclosing at record highsthe last two meetings regarding news that the retail giant would collaborate withChatGPTDeveloper OpenAI. The partnership, revealed on Tuesday, enables customers to find and purchase products through instant checkout directly on the AI platform. The stock has increased by 21% this year, surpassing overall market performance, as the retailer has seen advantages from robust online sales and consistent demand across various income groups during economic instability. Walmart stock rose 0.1% before the market opened, following a nearly 7% increase in the previous two sessions.
3. Salesforce Rises Due to New Revenue Projections
Salesforce (CRM) shares are rising in premarket trading following the customer relationship software company's announcement of new long-term revenue goals during its annual conference. Salesforce stated it aims for $60 billion in revenue by 2030, representing an approximate annual growth rate of 10%. The projections do not include the effects of the company’s $8 billion purchase of data management software provider Informatica. The updated forecast follows the cloud-based software company's recent release ofcurrent-quarter growth projectionsThat fell short of expectations. Salesforce stock, which has declined by about 30% so far in 2025, rose by almost 6% in recent trading.
4. TSMC Announces Significant Revenue Increase Due to High Demand for AI Chips
Taiwan Semiconductor Manufacturing Company (TSMThey noted a significant rise in third-quarter revenue as the semiconductor manufacturer maintained robust demand during the surge in AI investments. TSMC reported third-quarter revenue amounting to $33.10 billion, representing a 41% increase compared to the same period last year and a 10% growth from the previous quarter this year. The company is expecting fourth-quarter revenue to range from $32.2 billion to $33.4 billion. TSMC stock increased by 2% in recent pre-market trading.
5. Nestlé Announces Intention to Reduce 16,000 Positions
Nestlé revealed plans to reduce its workforce by 16,000 positions within the next two years. Approximately 12,000 of these cuts will affect white-collar positions, with the remaining jobs being in manufacturing and supply chain roles. The company anticipates saving CHF 1.0 billion ($1.256 billion) by the end of 2027. This decision by new CEO Philipp Navratil follows the company's recent developments.rejected its previous chief executive officerIn September, there was an undisclosed relationship with a junior employee. Nestlé stock prices in Switzerland rose significantly on Thursday.
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