Markets news from every side

IMF Sees Uneven Growth, India Forecast at 7%

The IMF sharply downgraded its outlook for Middle Eastern economies as the prolonged Iran war and Strait of Hormuz disruption hit energy production, shipping and trade, with the hardest-hit Gulf producers facing steep contractions. It expects a recovery in 2027 if the waterway reopens, while the global economy is forecast to slow in 2026 as the energy shock is partly offset by technology and AI investment.

2d

0

Finance

UK economy grows 0.1%, beats forecasts

The UK economy grew 0.1% in August, defying forecasts of a contraction, though growth slowed from July’s 0.4%; output rose 0.7% over the three months through August. The stronger-than-expected figures offer Chancellor John Healey a modest boost ahead of a difficult budget, as elevated energy costs and borrowing costs pressure households and public finances.

John Healey

7h

+2

Finance

Inflation, AI Fears Drive US Stock Selloff

September CPI rose 3.7% as core inflation beat forecasts; S&P 500 fell 1.1%, Nasdaq 1.9%, and CoreWeave bonds yielded above 15% distress levels.

Federal Reserve System S&P 500

23h

+2

Business

Tata Technologies Revenue Jumps 28%, Profit Falls 5%

Tata Technologies Q2 revenue rose 28.4% to Rs 1,698.8 crore; PTI says profit rose 3.6% while IJR says it fell 5.2% to about Rs 171 crore.

Tata Technologies

1d

+2

Finance

Costco Declares Quarterly $1.47-per-Share Dividend

Costco board sets $1.47 quarterly dividend, payable Nov. 13; September sales rose 13% to $30.02B across 939 warehouses as shares closed at $982.

Costco

16h

+3

Finance

Piper Sandler, Perella Weinberg End Merger Talks

Piper Sandler and Perella Weinberg ended all-stock merger talks over terms and banker lock-ups; Perella shares fell as much as 21% after the Oct. 14 FT report.

Peter Weinberg

17h

+2

Finance

Wipro Q2 Revenue Rises 9.1%, Beats Estimates

Wipro’s second-quarter revenue rose 9.1% year over year to about ₹24,753 crore, beating analyst expectations, as European client spending recovered and AI offerings generated new business. Net profit edged lower, while the company forecast a range from a 1.5% decline to 0.5% growth in IT services revenue next quarter and described AI as a long-term growth driver.

Wipro

7h

0

Finance

ASML raises outlook on AI demand exceeding capacity through 2028

ASML raised its 2026 outlook and said AI demand may outstrip capacity through 2028; shares rose as much as 3.6% as European tech led modest gains.

Ørsted ASML Holding

1d

+2

Finance

BoE’s Pill Doubts Four Rate Hikes Ahead

Bank of England Chief Economist Huw Pill pushed back against market expectations for four quarter-point rate increases over the next year, saying a possible hike should not be taken as the start of a series. Although he has supported raising rates amid inflation risks from the Iran war, he said the scale and pace of any response remain uncertain.

Bank of England

1d

+3

Finance

Singapore Q3 GDP growth slows to 5.4%

Singapore’s economy grew 5.4% year over year in the third quarter, slowing from 6.2% in the second quarter but exceeding economists’ forecasts; manufacturing growth cooled while construction accelerated, and quarterly growth eased to 1.1%. The central bank held its exchange-rate policy steady after two rounds of tightening, while the government’s 2026 growth forecast stands at 4.5% to 5.5%.

Singapore in the Straits Settlements

1d

+1

Finance

Kospi Falls About 8% as Chip Selloff Deepens

South Korea’s Kospi opened lower as Middle East tensions and elevated oil prices fueled inflation concerns, while foreign investors sold shares and losses in major technology stocks weighed on the market. The decline followed a 5.4% weekly slide driven by foreign selling and higher U.S. Treasury yields, with investors watching upcoming U.S. inflation data and the end of major semiconductor companies’ share buybacks.

6d

0

Finance

Wall Street Firms Tie Bonuses to AI Skills

Nearly one in four finance firms tie raises, bonuses, or promotions to AI proficiency, per a Selby Jennings survey of 500 executives.

Reuters

1d

+2

Business

Citigroup Q3 Profit Jumps 40%

Citigroup’s third-quarter profit rose 40% year over year to about $5.2 billion, beating analyst expectations as revenue reached a decade-high for the quarter, supported by growth in services, wealth management and investment banking. Fixed-income trading had its strongest third quarter in at least a decade, though overall trading was weaker than the previous quarter, particularly in equities.

Citigroup

2d

+2

Business

SSR Mining plans $712M Roxmore acquisition

SSR Mining agreed to buy Roxmore for C$6.75 a share cash plus spinout stock; sources put the package near C$712 million or $464 million as shares fell premarket.

2d

+2

Finance

Asian Markets Slide Amid Tech, Oil Concerns

South Korea's Kospi sank as much as 6% on Oct. 13, 2026, leading Asian stocks lower as investors pulled back from AI and chip shares ahead of U.S. earnings.

Republic of Korea

2d

0

Business

Agilent agrees to acquire Proscia in deal worth up to $270 million

Agilent will pay up to $270M for Proscia’s Concentriq platform, used by 4,000+ labs; $240M cash plus $30M milestones, announced Oct. 13, 2026.

2d

0

Politics

Trump Forms Committee to Probe Fed’s Cook

Trump ordered a committee on Friday to investigate Fed Governor Lisa Cook over mortgage allegations, with an in-person hearing set for Nov. 5, 2026.

Donald John Trump

5d

0

Finance

Goldman Upgrades Global Stocks, Long-Term Bonds

FactSet points to nearly 30% Q3 earnings growth as Goldman Sachs upgrades global equities to overweight; yields hit highest since 2002.

Goldman Sachs Group Inc.

3d

0

Finance

Goldman Sachs Posts Second-Highest Quarterly Revenue

Goldman Sachs reported third-quarter 2026 earnings per share of $17.01 and an 18.7% return on equity, with strong investment-banking and financing results contributing to its second-highest quarterly revenue. The results came as investors anticipated a cooling in Wall Street banks’ trading gains after an unusually strong run.

4d

0

Business

IonQ Agrees $1.3B Elisity Acquisition

IonQ agreed to acquire Zero Trust cybersecurity company Elisity in an all-stock deal valued at up to $1.3 billion, including as much as $150 million in performance-based payments. IonQ says the acquisition will combine Elisity’s network security platform with its quantum-safe technologies to strengthen offerings for enterprise and government customers.

3d

0

Tech

Delaware Jury Finds Arm Breached Qualcomm License

A Delaware jury found that Arm breached its architectural license agreement with Qualcomm and intentionally sought to disrupt its business, but awarded Qualcomm only $2 in nominal damages. Arm said the jury ruled in its favor on four claims and argued the small award reflected the strength of its position.

2d

0

Business

Moonshot Executives in Talks Over $700M Shareholder Dispute

Moonshot's Yang and Zhang face a claim for 10.5% of original shares worth over $700M; their counsel said the case "lacked both legal and factual basis."

Yang Zhilin

3d

0

Finance

Tencent Plans $5 Billion Bond for AI Capex

Tencent plans an about $5 billion bond, telling investors Monday proceeds will mainly fund AI capex and chip purchases, with possible pricing as early as Tuesday.

3d

0

IMF Sees Uneven Growth, India Forecast at 7%

UK economy grows 0.1%, beats forecasts

Inflation, AI Fears Drive US Stock Selloff

Tata Technologies Revenue Jumps 28%, Profit Falls 5%

Costco Declares Quarterly $1.47-per-Share Dividend

Piper Sandler, Perella Weinberg End Merger Talks

Wipro Q2 Revenue Rises 9.1%, Beats Estimates

ASML raises outlook on AI demand exceeding capacity through 2028

BoE’s Pill Doubts Four Rate Hikes Ahead

Singapore Q3 GDP growth slows to 5.4%

Kospi Falls About 8% as Chip Selloff Deepens

Wall Street Firms Tie Bonuses to AI Skills

Citigroup Q3 Profit Jumps 40%

SSR Mining plans $712M Roxmore acquisition

Asian Markets Slide Amid Tech, Oil Concerns

Agilent agrees to acquire Proscia in deal worth up to $270 million

Trump Forms Committee to Probe Fed’s Cook

Goldman Upgrades Global Stocks, Long-Term Bonds

Goldman Sachs Posts Second-Highest Quarterly Revenue

IonQ Agrees $1.3B Elisity Acquisition

Delaware Jury Finds Arm Breached Qualcomm License

Moonshot Executives in Talks Over $700M Shareholder Dispute

Tencent Plans $5 Billion Bond for AI Capex

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