Japan's top banks to jointly issue stablecoin, Nikkei says

Investing.com has released its latest picks for stocks to watch this week, highlighting key trends and potential opportunities in the market. This information is crucial for investors looking to make informed decisions and capitalize on emerging trends, ensuring they stay ahead in a competitive financial landscape.

This week, former US Treasury Secretary Lawrence H. Summers highlights the rising bank profits alongside emerging risks in credit and a unique US investment in Argentina's currency. The discussion also touches on Japan's labor shortage and the potential for immigration to become a lasting solution. Additionally, self-driving trucks are set to revolutionize freight transport in the US and Europe, though the journey to full automation faces challenges. Lastly, the role of artificial intelligence in warfare raises questions about efficiency and human safety.

Japan has called for increased vigilance regarding excessive foreign exchange volatility, emphasizing the need for stability in currency markets. This is important as fluctuations can impact trade and economic growth, affecting both domestic and international businesses. By addressing these concerns, Japan aims to foster a more predictable economic environment.

Merus NV has reached an all-time high stock price of $95.02, marking a significant milestone for the company and its investors. This surge reflects growing confidence in Merus's innovative therapies and strong market performance, which could attract more investors and boost the company's future prospects.

Graham, an officer at Ferguson Enterprises, has sold $145,000 worth of stock. This transaction is noteworthy as it reflects the ongoing activities within the company and can influence investor perceptions. Such sales can sometimes raise questions about the company's future, but they are also common in the corporate world, often driven by personal financial planning.

Coventry Building Society has announced an extension of maturity dates for £2 billion in bonds, a move that reflects its strong financial position and commitment to stability. This decision is significant as it allows the society to manage its liabilities more effectively while providing reassurance to investors about its long-term viability.

Aterian has successfully raised £455,000 by issuing shares at a price of 32.5p each. This funding is significant as it will bolster the company's financial position and support its growth initiatives. Investors are likely to view this move positively, as it demonstrates Aterian's commitment to expanding its operations and enhancing shareholder value.

Italy's government has reassured citizens that its banks are well-equipped to manage potential budget tax hikes. This announcement is significant as it reflects the country's confidence in its financial institutions, which is crucial for economic stability and public trust. By ensuring that banks can handle these changes, Italy aims to maintain a robust financial environment, encouraging investment and growth.

A US court has ordered the spyware company NSO to cease its targeting of WhatsApp, a significant ruling that underscores the growing scrutiny on surveillance technologies. This decision is important as it aims to protect user privacy and sets a precedent for how courts may handle similar cases in the future.

Kering is reportedly close to finalizing a $4 billion sale of its beauty unit to L’Oreal, according to the Wall Street Journal. This deal is significant as it marks a strategic shift for Kering, allowing the luxury goods company to focus more on its core fashion brands while L’Oreal expands its portfolio in the beauty sector. Such a transaction could reshape the competitive landscape in the beauty industry, highlighting the ongoing trend of consolidation among major players.

Nvidia is making waves in the AI sector with its Vera Rubin project, potentially sparking another surge in artificial intelligence advancements. The company has transformed from a traditional tech player to a market leader, boasting a market cap exceeding $4 trillion. This growth not only highlights Nvidia's pivotal role in the tech industry but also positions it as a key driver of the S&P 500, influencing broader market trends. As AI continues to evolve, Nvidia's innovations could shape the future of technology and investment.

Paramount and Skydance are set to cut 2,000 jobs in the U.S. starting the week of October 27, as reported by Variety. This significant reduction in workforce highlights the ongoing challenges faced by the entertainment industry, particularly in the wake of economic pressures and changing consumer behaviors. The layoffs not only impact the employees directly affected but also signal broader trends in the industry that could affect future productions and job stability.

In a candid admission, Stephen Moore, a former economic advisor to Trump, has expressed concerns about the negative impact of tariffs on economic growth and consumer prices. Speaking to Fortune, he highlighted that tariffs essentially act as taxes, which he believes are detrimental to the economy. Moore also voiced apprehension over Trump's recent comments regarding price controls on essential goods like drugs and beef, suggesting that such interventions could further complicate economic stability. This matters because it reflects a growing unease among even Trump's allies about the long-term effects of his economic policies.

The seafood industry is facing significant challenges, with many chains, including Red Lobster, struggling to stay afloat. Rising costs of key ingredients like shrimp and lobster, combined with a decline in consumer interest, have led to a series of restaurant closures, leaving only 18 locations operational. This situation highlights the broader issues within the industry, as affordable seafood becomes increasingly difficult to provide, impacting both businesses and consumers.