Stock Market Blog
Daily stock market analysis, trade alerts, and trading education from Ross Givens and the Traders Agency team.
Wholesale Inflation Jumps 1.3% in September as Iran War Pushes Energy Costs Higher
September producer prices rose 1.3% monthly and 6.3% annually, the biggest gains since 2022, as energy costs tied to the Iran war and broadening core inflation topped forecasts and lifted Fed rate-hike odds, per CNBC and CNN.
Charles Schwab Reports Record Q3 2026 Revenue of $7.17 Billion as Core Net New Assets Hit $190.4 Billion
Charles Schwab reported record Q3 2026 revenue of $7.17 billion, adjusted EPS of $1.69 and a record $190.4 billion in core net new assets, with revenue about $10 million below consensus.
TSMC Posts Sixth Straight Record Profit, Guides Q4 Revenue Up About 14%
TSMC reported record third-quarter net profit of NT$763.06 billion, beat its own revenue guidance and guided fourth-quarter revenue up roughly 14% sequentially on AI demand, per CNBC, AskTraders, TIKR and Reuters coverage.
Penske Automotive to Go Private in $16.3 Billion Deal With Penske Corporation and Mitsui
Penske Automotive Group has agreed to be taken private by Penske Corporation and Mitsui at $212.00 per share, a roughly $16.3 billion enterprise value, with a 64/36 ownership split and a minority-shareholder vote required before an expected first-quarter 2027 close.
Rocket Lab Pushes Neutron's Debut Launch to 2027, Shares Fall on 8-K Disclosure
Rocket Lab's Form 8-K pushes Neutron's first launch to 2027, with shares falling after the company cited ongoing manufacturing and testing work.
Barclays Cuts Dell, HPE and NetApp to Equal Weight, Citing No 'Meaningful' AI Inflection; Dell Sinks 11%
Barclays cut Dell, HPE and NetApp to Equal Weight, saying strong hardware revenue reflects memory price pass-through rather than an enterprise AI inflection; Dell shares fell 11%.
Stock Market Today: Health Care Leads While S&P 500 Slips
Health Care led the session while the S&P 500 slips. See the validated market scorecard, sector performance, and what traders are watching next.
CoreWeave Shares Sink 16% as Bond Yields Near 15% on AI Debt Worries
CoreWeave shares fell 16% as yields on its 2031 and 2032 bonds neared 15%, CNBC reported, with CEO pushback and a wider AI-infrastructure credit selloff.
GlobalFoundries Selected to Run Two Japan-Backed Chip Fabs in Malta, New York, in Deal Valued at Up to $21 Billion
GlobalFoundries has been selected to operate two Japan-funded chip fabs in Malta, New York, in a deal reported at up to $21 billion, with a 2029 production target for the first facility, a $955 million CHIPS Act reallocation and a reported 4% Commerce Department equity stake.
BlackRock Posts $205.5 Billion in Q3 2026 Inflows as Assets Hit $15.49 Trillion, Beating EPS Estimates
BlackRock's third-quarter 2026 client assets reached $15.49 trillion on $205.5 billion of net inflows, with adjusted EPS of $15.93 topping the $14.13 LSEG consensus, CNBC reported.
Netflix Cuts About 6% of Staff, Roughly 1,000 Jobs, in Its Biggest Layoffs Since 2022
Netflix is cutting roughly 1,000 jobs, about 6% of staff, in its biggest layoffs since 2022, according to an internal memo from co-CEOs Ted Sarandos and Greg Peters reported by CNBC and Reuters.
September CPI Jumps 0.6%, Lifting Annual Inflation to 3.7% as Core Rate Accelerates to 2.6%
September CPI rose 0.6% on the month, lifting annual inflation to 3.7% as core inflation accelerated to 2.6%, with gasoline and energy driving about half the gain, according to BLS data reported by CNBC.
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