James Win Faces Another Liquidation - $53 Million Vanishes in Just One Month

Another massive liquidation rocks the crypto space as James Win's positions get wiped out.

The Bleeding Continues

Fifty-three million dollars evaporated from Win's portfolio in thirty days - a stunning collapse that's sending shockwaves through trading circles.

Liquidation Cascade

Margin calls triggered forced selling across multiple positions, creating the perfect storm for one of the most brutal months in recent trading history.

Just another reminder that in crypto, today's whale can become tomorrow's minnow faster than you can say 'risk management' - not that anyone in this space actually practices it.

Spotlight Shines on EVs, AI With Reports Due From Tesla, Intel, and Automakers

Tesla’s scheduled earnings release Wednesday follows stronger-than-expected deliveries as buyers rushed to take advantage of expiring EV tax credits. Big Three automakers Ford and General Motors, also set to report this week, likely benefited from the same tailwinds, though both automakers have scaled back their EV ambitions.

Tesla CEO Elon Musk could offer more details on developments in the company's high-tech offerings beyond EVs, including an expansion of its robotaxi services, its Optimus robots, and self-driving technology. Intel’s report, due Thursday, comes as the U.S. chipmaker’s shares have surged after a string of deals including one that saw the U.S. government take a stake and a partnership with AI leader Nvidia. 

Netflix’s report comes after the streamer recently raised its prices and boosted its revenue outlook. Updates from Coca-Cola and Procter & Gamble could bring some insights into consumer spending, while Friday’s earnings from HCA Healthcare may offer a look into the hospital sector. Gold miner Newmont’s report on Thursday arrives as the precious metal has set a string of new all-time highs .

September Inflation Data Could Influence Fed Decision on Interest Rates

With many economic reports in limbo due to the federal shutdown, Friday's CPI inflation report could be the last major piece of economic data the Fed gets before issuing a decision on interest rates next week. Forecasters expect the report to show prices continuing to rise, but at a slower pace than in August.

The data could influence whether the Fed will continue with its plans to keep lowering interest rates. Fed officials have said their focus is turning to the weakening labor market, which WOULD favor rate cuts. But higher-than-expected inflation could push them to reconsider.

While the release of new home sales data is likely to be delayed, market watchers will still see on Thursday the National Association of Realtors’ existing home sales data for September, as economists look for signs of a resurgence in an anemic housing market. The week will also bring fresh figures on consumer sentiment and Purchasing Managers Index surveys for October.

Quick Links: Recap Last Week’s Trading | Latest Markets News

This Week’s Calendar

• U.S. leading economic indicators (September)

• Federal Reserve Officials Speaking: Fed Governor Christopher Waller to deliver opening, closing remarks at payments conference
• Key Earnings: Netflix (NFLX), GE Aerospace (GE), Coca-Cola (KO), Philip Morris (PM), RTX Corp (RTX), Texas Instruments (TXN), Capital One (COF), Lockheed Martin (LMT), 3M Company (MMM), General Motors (GM)

• Key Earnings: Tesla (TSLA), SAP (SAP), IBM (IBM), Thermo Fisher Scientific (TMO), AT&T (T), GE Vernova (GEV), Lam Research (LRCX)

• Existing home sales (September)
• Federal Reserve Officials Speaking: Vice Chair for Supervision Michelle Bowman to testify at Senate banking regulations hearing
• Data Delayed by the Shutdown: Initial jobless claims (Week ending Oct. 18)
• Key Earnings: T-Mobile US (TMUS), Intel (INTC), Union Pacific (UNP), Honeywell (HON), Blackstone (BX), Newmont Corp (NEM), Ford (F)

• Consumer price index (CPI) (September)
• Other Data to Watch: S&P flash U.S. PMI (October), Consumer sentiment - final (October)
• Data Delayed by the Shutdown: New Home Sales (September)
• Key Earnings: Procter & Gamble (PG), Sanofi (SNY), HCA Healthcare (HCA)

One More Thing

Banking fees are rising at one major bank, with new waiver rules for checking accounts taking effect this month. Investopedia’s Sabrina Karl has more information on options that customers have to avoid paying more.