US Government Shutdown Fuels Recession Fears; HELOC Rates Drop Amid Fed Rate Cut Expectations
Key Takeaways
- US shutdown hits 31 days, blocking data, disrupting airlines, costing $14B; recession risks rise.
- HELOC rates fall to 7.75% amid Fed rate cut expectations, supported by $34T homeowner equity.
- Aurrigo International's market cap jumps 40% on autonomous airport vehicle revenue growth.
- Reddit stock surges on Q3 beat; international users are now 55% of daily active users.
- Bitcoin drops over 10% in October; BNB Chain transactions surge 135%.
Top Stories
US government shutdown hits 31 days, halting economic data and raising recession fears
On October 31, 2025, the US government shutdown reached 31 days, blocking GDP and employment data and disrupting airlines and visas, costing $14 billion. Economists warn of recession risks amid rising loan delinquencies and delayed official reports, while market uncertainty grows with high S&P500 valuations and delayed employment data.
HELOC rates fall to 7.75% as Fed rate cuts loom, supported by $34T homeowner equity
As of October 31, 2025, HELOC rates average 7.75%, expected to decline further after Federal Reserve rate cuts. Homeowners hold over $34 trillion in equity, making HELOCs attractive amid competitive lender offers.
Aurrigo International market cap jumps 40% on autonomous airport vehicle revenue growth
In October 2025, Aurrigo International's market cap rose nearly 40%, driven by 41% revenue growth in autonomous airport vehicles. Despite tariff risks, Canaccord Genuity rates it 'Buy' with a 135p target, reflecting strong fundamentals.
Reddit stock surges on Q3 beat, international users now 55% of daily active users
On October 31, 2025, Reddit's stock rose after better-than-expected Q3 results, with international users comprising 55% of daily active users despite under 20% revenue contribution. This signals strong growth potential aligned with market trends.
Bitcoin drops over 10% in October; BNB Chain transactions surge 135% amid crypto regulatory shifts
Bitcoin fell over 10% in October 2025, its first red 'Uptober' in seven years, amid trade wars and Fed rate cuts. Meanwhile, BNB Chain transactions surged 135%, with stablecoin market cap exceeding $300 billion amid evolving crypto regulations.