Archives - October 2026 - Page 5

Uber (NYSE: UBER) has agreed to buy ezCater for $2.3 billion, expanding workplace catering as investors assess delivery margins and cash use.

Meta’s Muse is sharpening investor interest in AMD as personal AI agents create demand for server CPUs alongside the GPUs powering their models.

OKX founder Star Xu named Standard Chartered and Circle as equity investors, building on a $25 billion valuation disclosed with ICE’s March investment.

South Korea’s KOSPI closed at 6,941.39 as Samsung fell 1.45%, ahead of a crowded October 8 trading calendar and fading buyback support.

Moonshot AI is targeting a Hong Kong IPO in early 2027 that could raise up to $5 billion, after reportedly closing private funding at a $50 billion valuation.

DeepSeek is nearing at least $12 billion in funding backed by Tencent and CATL, after targeting a valuation of roughly $75 billion ahead of a planned IPO.

Ray Dalio warns the U.S. could face a debt crisis within three years as persistent deficits, higher borrowing costs and weaker foreign demand strain financing.

The Nasdaq gained 1.05% to a record close as SpaceX and major tech stocks climbed, even with Treasury yields above 5.3% and services price pressures rising.

The 10-year Treasury yield climbed to 5.347% and the 30-year reached 5.702% as renewed bond selling and rising services prices put the Fed outlook in focus.

Forbes puts Elon Musk’s fortune at $1.024 trillion as SpaceX and Tesla shares rally, restoring the wealth milestone first reached after SpaceX’s June IPO.

SpaceX rises nearly 6% as its estimated valuation reaches $2.22 trillion, with Morgan Stanley maintaining a $300 target ahead of the next Starship test.

AI optimism keeps Wall Street near records despite Treasury yields at 2002 highs, with record ETF flows and October earnings setting up the next market test.

Cerebras shares rise 6.3% to $177 in premarket trading after Sam Altman reaffirms the OpenAI partnership, following a sharp selloff over Nvidia deployment.

Brent trades near $102.48 a barrel as Aramco CEO Amin Nasser warns that depleted oil stockpiles could take two years to rebuild after Hormuz fully reopens.

OKX and NYSE owner ICE have filed for a tokenized U.S. stock venue covering 63 shares, with full shareholder rights and a 30-day issuer objection window.