The Pour Over U.S. Pressures Russia to End War, Strong Earnings Reports, NBA Betting Scandal, & More | 10.24.25
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Oct 24, 2025 The U.S. intensifies sanctions on Russia amid the ongoing Ukraine conflict, while a prayer for peace offers a moment of reflection. Wall Street shines with robust Q3 earnings from major companies like J.P. Morgan and Coca-Cola. A brewing NBA betting scandal sees arrests linked to mafia figures, raising eyebrows across the sports world. Meanwhile, tech layoffs continue, and concerns mount over the national debt surpassing $38 trillion. Tensions also rise with discussions on a government shutdown and the controversial demolition of the White House East Wing.
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U.S. Tightens Economic Pressure On Russia
- The U.S. sanctioned Russia's two largest oil companies citing a lack of serious commitment to end the war in Ukraine.
- President Trump canceled a planned meeting with Putin and opposes providing long-range Tomahawk missiles to Ukraine.
Wall Street Sees Broad Q3 Outperformance
- Q3 corporate earnings beat expectations broadly, with 85% of reporters surpassing estimates.
- Big wins included J.P. Morgan's record revenue and GM raising earnings guidance, while Meta cut AI jobs.
Keep Your Heart From Money's Sway
- Don't let economic news determine your mood or steal your mission focus.
- Remember Matthew 6:24: you cannot serve both God and money.