Market News
Breaking market news and updates
G7 Agrees to Coordinated Release of Up to 100 Million Barrels of Oil and Diesel, With Diesel Frontloaded in First 20 Days
The G7 said it will release up to 100 million barrels of emergency crude and diesel through the IEA over four months, with a substantial diesel release frontloaded into the first 20 days, as benchmarks and diesel cracks moved on the news.
Stock Market Today: Consumer Discretionary Leads While S&P 500 Advances
Consumer Discretionary led the session while the S&P 500 advances. See the validated market scorecard, sector performance, and what traders are watching next.
Toshiba Plans to Double AI Data Center HDD Capacity by Fiscal 2027, Nikkei Reports; Seagate, Western Digital Shares Slide
Nikkei reports Toshiba will double AI data center HDD capacity by fiscal 2027 via a $380 million Philippines expansion. Seagate and Western Digital shares fell about 14% and 13%, per AOL, even as both firms' nearline supply is reported committed into 2028-2029.
Wells Fargo Cuts Synaptics to Equal-Weight After onsemi's Amended $123-a-Share, ~$5.7 Billion Cash Deal
Seeking Alpha reported Wells Fargo downgraded Synaptics to Equal-weight after onsemi revealed an amended merger agreement to buy it for $123 a share in cash, about $5.7 billion, as both names appeared in Friday's movers roundups.
Novartis Pays $575 Million Upfront in Deal Worth Up to $7.8 Billion for Abogen's mRNA T-Cell Engager ABO2203
Novartis will pay Abogen $575 million upfront, with total potential value up to $7.8 billion reported by CNBC, for an mRNA-encoded CD19xCD3 T-cell engager in early autoimmune testing plus options on other RNA programs.
Tesla Delivers 486,532 Vehicles in Q3 2026, Topping Consensus by About 5% as Storage Deployments Miss Estimates
Tesla delivered 486,532 vehicles in Q3 2026, beating its company-compiled consensus by about 5% but coming in roughly 2% below last year's record, while 13.7 GWh of energy storage missed the 15.9 GWh consensus ahead of Oct. 21 earnings.
U.S. Payrolls Rise Just 29,000 in September as Unemployment Climbs to 4.2% and Prior Months Lose 60,000 Jobs
Nonfarm payrolls rose a seasonally adjusted 29,000 in September and unemployment hit 4.2%, the BLS reported, per CNBC, while revisions cut July and August by a combined 60,000 jobs.
Amazon Reportedly in Talks to Shift $8bn of Nvidia Blackwell Chips Into Leaseback Vehicle
Amazon is reportedly in talks, per a Financial Times report relayed by Yahoo Finance, Seeking Alpha, GuruFocus and Digitimes, to move about $8 billion of Nvidia Grace Blackwell chips into a special-purpose vehicle and lease them back, offering investors up to a 10% equity stake while debt funds the rest.
Volvo Cars Pulls 2026 Outlook as Q3 Sales Fall 10.7%, China Deliveries Drop 40.6%
Volvo Cars said it will not meet its 2026 volume and cash-flow outlook after Q3 retail deliveries fell 10.7%, with Greater China down 40.6% and shares at a record low, per Reuters.
Euro Area Inflation Jumps to 3.8% in September 2026, Highest Since 2023, as Energy Surges 18.8%
Euro area flash inflation rose to 3.8% in September 2026, the highest since September 2023, as energy prices jumped 18.8%; services and food inflation also firmed, per Eurostat and CNBC.
Nike Q1 FY2027 Revenue Falls to $11.21 Billion, Misses Estimates; Greater China Down 22% as Company Unveils 'Pace' Program
Nike posted fiscal Q1 2027 revenue of $11.21 billion versus $11.32 billion expected, per CNBC. Greater China fell 22%, and Nike unveiled its 'Pace' program targeting $2.5 billion in savings through fiscal 2031.
Washington Presses France and Germany on Diesel Reserves as Export Ban Threat Looms
Washington has asked the EU to release 120 million barrels of diesel and is weighing a U.S. export ban, as UK, German, French, Italian and Irish officials held Thursday talks on emergency stocks.
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