Q3 Harvest

Wall Street is raking in the cash this fall.

The S&P 500 is on track for its strongest earnings in over four years—so far, 85% of companies that have reported Q3 numbers have beaten expectations.

Some big-shot wins include:

• JPMorgan reported record Q3 revenue and opened its new 60-story Manhattan HQ (check out what $3B will buy ya)
• General Motors boosted its projected earnings to $13B on strong Silverado and Escalade sales; its stock jumped ~15%
• 3M (sticky products) and Coca-Cola (now with cane sugar) both boasted strong earnings; 3M’s shares jumped 7.8% and Coca-Cola’s hopped 3.2%

Not everyone is celebrating money wins. Meta is cutting about 600 jobs in its AI unit after last year’s hiring binge. Meanwhile, U.S. national debt just surged past $38T, adding roughly $1T since August—the fastest build-up of debt since the pandemic.

CHRISTIAN PERSPECTIVE
Don’t let economic news determine your mood, win your heart’s affection, or steal your mission focus.

“No one can serve two masters, since either he will hate one and love the other, or he will be devoted to one and despise the other. You cannot serve both God and money.”
Matthew 6:24 (CSB) (read full passage)