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Click here to read this on StonyFinLab.org
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Featured Story
Roche Holding AG: Turning Breakthroughs into Shareholder Value
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Research Assistant: Michelle Jiang*
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ExxonMobil, a global energy leader, is transitioning toward low-carbon solutions like carbon capture, hydrogen, and lithium. Strong cash flow, global projects, and a 12% debt ratio support stability. Despite price and policy risks, its profitability, diversification, and $12 billion environmental investment target sustained long-term growth and a 4–5% dividend yield.
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Hiring Slowdown Worries Top Fed Official, an Ally of Powell
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The U.S. government shut down on Oct 1, 2025, after partisan budget deadlock over healthcare and Medicaid, furloughing 750,000 workers and suspending services, with analysts warning of economic disruption.
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The stock market has thrived even with all this economic uncertainty
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U.S. stocks hit record highs in late 2025 despite the shutdown, driven by Fed rate cuts, easing signals, tame inflation, and strong optimism over long-term AI-related investment opportunities.
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OpenAI introduces a new generation of chat-embedded apps via a preview Apps SDK, enabling developers to build interactive tools within ChatGPT while upholding safety, privacy, and contextually aware user experiences.
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The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – September 2025 Edition
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Oaktree notes market bifurcation, stretched equity valuations, modest private equity deal flow, debt distress in lower credit, healthcare disruption risks, and a revived real-estate debt market with attractive credit opportunities.
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Recommended Video or Podcast
1.Video:Financial expert: “Passive income is a scam!” — “Post-bankruptcy trauma syndrome” grips millions:[Click here]
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Morgan Housel explores Buffett’s hidden struggles, Musk’s sacrifices, money trauma, financial habits, and the psychology of saving, spending, and investing—offering deep insights into wealth, behavior, and success.
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2.Video:NVIDIA: OpenAI, Future of Compute, and the American Dream | BG2 w/ Bill Gurley and Brad Gerstner:[Click here]
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In this BG2 episode, Jensen Huang discusses NVIDIA’s $100B partnership with OpenAI, the rise of AI factories and sovereign AI, and how accelerated computing is reshaping the global economy and the American Dream.
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3.Video:Citadel’s Griffin Calls Rush to Gold as Safer Asset ‘Concerning':[Click here]
Citadel’s Ken Griffin warns the recent rush toward gold as a “safe haven” is troubling, arguing that rising allocations to gold may signal deeper market unease and risk misperceptions about security.
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This episode discusses Golez & Koudijs’s “Equity Duration and Predictability,” highlighting how rising equity duration makes prices more sensitive to expected returns than dividend growth, reshaping return predictability post-1945.
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An et al. document the portfolio-driven disposition effect (PDDE): investors’ tendency to sell winning stocks weakens when their overall portfolio is in gain, but intensifies when their portfolio is in loss.
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Conferences & Events
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The AI Summit New York convenes 5,000+ attendees, 350+ speakers, and immersive AI demos across 10 stages. It focuses on commercial AI application, networking, startup showcase, and real-world impact.The conference is on December 10-11, 2025
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AI Week New York 2025 (Oct 6–12) unites tech leaders, startups, academia, and government for workshops, panels, and networking, exploring AI breakthroughs, impacts, and responsible innovation citywide.The conference is on December 3rd, 2025
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Discounts and Support Us
• Recommended publications
Weekly finance reading: Barron's (Student offer: $2/week for one year).
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• Recommended financial apps
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Stock and ETF trading and investing (Join via the link to get up to 20 free shares): Webull.
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Crypto trading and investing (Join via the link to get $30 in BTC): Coinbase.
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Stock and ETF technical analysis tool (Join via the link to get $15 off your subscription): TradingView.
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Thanks to our members and volunteers (Seungyun Nam, Rishi Jain and Daoqi Fang) for contributions to this newsletter.
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To share information or research with the community, submit it through [Share]. We will include it if the content is deemed appropriate
Support our efforts to make free and useful financial education content by [Donating] to @stonyfinlab via Venmo!
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Stony Finance Lab is a community-driven finance network that aiming to promote personal financial responsibility and helping the community achieve financial confidence and intelligence through life-long learning. The newsletters are to share news and information on finance research, events, and jobs related to personal finance, investments of financial and digital assets, academic finance, and entrepreneurship. All newsletters are for information sharing only and shall not be deemed as financial advice. The Lab is not liable for the consequence of using any information contained in the emails.
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