Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

2025 年 10 月 3 日 business, economy, finance, politics, technology

The S&P 500 and Dow achieved record closing highs Friday, navigating a volatile session amid an ongoing government shutdown. Interest rate-cut expectations strengthened, driven by weak economic data, including contracting services employment. Traders now anticipate a Fed rate cut in October as almost certain, with another probable in December, despite concerns about a prolonged shutdown’s impact.

DBP tightens scrutiny of cash withdrawals

2025 年 10 月 3 日 business, economy, politics

MANILA, Philippines — The Development Bank of the Philippines (DBP) is stepping up safeguards when handling government transactions, vowing closer scrutiny of cash withdrawals as a flood control probe widens. DBP president and chief executive Michael de Jesus said the state-run lender had moved to shore up safeguards at front-line units that handle government transactions,