Archives - October 2026

CoreWeave shares tumble as bond yields approach 15%, putting CRWV’s interest costs, debt repayments and AI infrastructure spending under scrutiny.

U.S. stocks slide as hotter September inflation and AI borrowing concerns hit CoreWeave and Oracle, while rising oil prices lift energy producers.

Netflix confirms plans to cut roughly 1,000 jobs, or 6% of staff, while maintaining its full-year forecast ahead of October 20 earnings for NFLX.

Bumble agrees to a $1.3 billion cash buyout by Ithaca Holdings, offering BMBL shareholders $6.05 a share as revenue and paying-user numbers decline.

Bank of America shares fall as much as 8.3% as a $1.2 billion regulatory charge cuts profit and weaker trading revenue adds pressure to BAC stock.

US inflation rises to 3.7% and core CPI reaches 2.6%, lifting Treasury yields as the Fed weighs further rate increases before its October meeting.

BlackRock posts $15.93 in adjusted EPS on $7.75 billion revenue, beating forecasts as $205 billion in net inflows lift assets to $15.49 trillion.

Kraken parent Payward agrees to buy Saldo Bank, targeting European deposits, lending and cards in a deal expected to close in 2027, subject to approvals.

ASML reports €4.96 billion in quarterly profit and raises its annual sales outlook, but says planned capacity cannot meet AI-driven demand through 2028.

Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.

Alibaba’s Qwen Glasses N1 go on sale in China from 2,999 yuan, with eye tracking on the Pro model and new Bose-developed Qwen Clip earbuds extending its AI push.

BYD’s premium Denza brand could launch its own European car-finance operation in 2027, using leasing and loan offers to challenge BMW and Mercedes-Benz.

Fred Ehrsam is backing Primavera with his own money as the startup prepares to operate Venezuelan oil fields, Bloomberg reports, bringing crypto wealth into crude production.

Apple launches the $299 HomeView alongside new TV and HomePod devices, giving AAPL a fresh opportunity to sell hardware and subscriptions while the EU is excluded.

DRW and Marex execute a swap on Canton using S&P’s tokenized iBoxx bond benchmark, connecting licensed data and trade valuation through Derivnex.