Market News
Breaking market news and updates
JPMorgan Posts Rare Q3 2026 Miss as EPS, Revenue Fall Short of Estimates
JPMorgan reported Q3 2026 EPS of $5.57 vs $5.90 expected and managed net revenue of $50.91 billion vs $51.22 billion, with shares off about 3.5% premarket, per CNBC.
Kroger Cuts Nearly 1,000 Corporate Jobs as Interim CEO Ron Sargent Pushes Restructuring
Kroger has laid off nearly 1,000 corporate employees under interim CEO Ron Sargent as part of post-merger cost-cutting, with no financial figures disclosed, per Grocery Dive and Yahoo Finance UK.
Meta Puts Its First Frontier AI Models, Muse Wonder and Muse Wonder Full, Behind a Paywall
Meta released Muse Wonder and Muse Wonder Full, its first frontier AI models, behind paid subscriptions, with reported benchmark parity claims, API pricing of $4/$20 per million tokens and app subscriptions of $20 or $100 a month.
Stock Market Today: Energy Leads While S&P 500 Slips
Energy led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
Getty Images to File Chapter 11, Go Private With Up to $533 Million From Getty Family and Koch
Getty Images plans a Chapter 11 filing and take-private deal backed by up to $533 million in new equity from the Getty family and Koch Equity Development, following the collapse of its Shutterstock merger, according to reports.
Albertsons Terminates Kroger Merger, Sues for at Least $6 Billion Including $600 Million Break Fee
Albertsons terminated its merger with Kroger and sued for at least $6 billion in damages, a figure that includes a $600 million break fee, after two courts blocked the deal.
LVMH Returns to Growth in Q3 2025 as Fashion Slump Narrows and Shares Jump 12%
LVMH reported Q3 2025 revenue of €18.28 billion, up 1% organically, with Selective Retailing up 7% and Fashion & Leather Goods down 2%. CNBC reported shares jumped 12%, lifting Kering, Burberry and Moncler.
Chipotle Shares Fall Nearly 4% After Starbucks Denies Takeover Talk
A Starbucks spokesperson told CNBC the company is "not buying Chipotle." Chipotle shares fell nearly 4% in Monday morning trading, reversing gains from last week's Financial Times report.
Microsoft Says Maia 300 Will Handle Most AI Inference, Reducing Nvidia Reliance
Microsoft says its third-generation Maia 300 accelerator, entering production in 2027, will mainly handle AI inference, while Nvidia and AMD stay in its training mix, according to CNBC and other reports.
IonQ to Acquire Zero Trust Security Firm Elisity in All-Stock Deal Valued at Up to $1.3 Billion
IonQ said it signed a definitive agreement to acquire Zero Trust security firm Elisity in an all-stock deal valued at up to $1.3 billion, including up to $150 million in earnout consideration, with closing expected in Q4 2026.
Bausch + Lomb Taps Chairman Thomas Appio as Interim CEO; Companies Signal Higher 2026 EBITDA Outlook
Bausch + Lomb named chairman Thomas J. Appio interim CEO after Brent Saunders' departure, while both Bausch + Lomb and Bausch Health said they expect to raise full-year 2026 adjusted EBITDA (excluding Acquired IPR&D) guidance, per a joint release.
Bristol Myers Squibb Says Admilparant Clears Phase 3 Bar at Lower Dose in IPF Trial, Higher Dose Falls Short
Bristol Myers Squibb says its Phase 3 ALOFT-IPF trial met its primary endpoint at the 60 mg admilparant dose while the 120 mg arm missed statistical significance, with fuller data still to come.
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