Berkshire Hathaway's $330M bet sends Bending Spoons stock 41% higher
Berkshire Hathaway's fresh $330 million Bending Spoons placement — 10 million new shares at $33 each — lifted its stake to 4% and sent the stock up 41% to $53.46 on Wednesday.
Stocks News
Equities — earnings, movers, IPOs and sector trends.
State Street (STT) stock drops 7% after Q3 revenue misses estimates
State Street's third-quarter revenue of $4.00 billion missed Wall Street's $4.034 billion forecast, and $62 billion in cash withdrawals erased most of its $68 billion in ETF inflows, sending shares down about 7% to $162.04 despite record $6.31 trillion in assets under management.
Olympus shares crash 13.6% after FDA warning letter on six facilities
Olympus (7733.T) plunged as much as 17% in Tokyo on Wednesday after the FDA issued a warning letter over quality observations at six facilities — the biggest drop since April 2025. The warning imposes no sales ban, but investors dumped the stock anyway.
Bradesco director buys $562,000 in preference shares after JPMorgan upgrade
Banco Bradesco director Regina Helena Jorge Nunes bought $562,163 in preference shares just as JPMorgan upgraded the stock and Brazil's election rally lifted the bank's ADR 15%.
Bank earnings split: JPMorgan's rare miss meets Goldman's blowout as Q3 season opens
JPMorgan missed Q3 estimates while Goldman Sachs posted a massive beat, as four big US banks opened earnings season with wildly different scorecards. Equities trading soared; bond trading flopped.
SK Hynix and Samsung sink up to 9% as China's CXMT breakthrough rattles AI trade
SK Hynix and Samsung sank up to 9% on Tuesday as China's CXMT unveiled a memory-chip breakthrough, while the Kospi slid 7% and the AI trade wobbled ahead of bank earnings and US inflation data.
Elon Musk gives $276M to Republicans, becomes biggest 2026 midterm donor
Elon Musk has donated more than $276 million to Republican groups since July, making him the single biggest donor of the 2026 US midterms ahead of the November vote.
eBay jumps 5.5% as Morgan Stanley taps it as top pick for live commerce
eBay added 5.5% on Monday after Morgan Stanley placed it first among internet names and upped its target to $132 — the bank credits livestreamed auctions with driving two-fifths of the marketplace's volume growth.
Bank earnings preview: JPMorgan, Goldman, Citi, Wells Fargo report October 13
Four of the six biggest US banks report Q3 results on October 13, with profits expected up to 20% higher from a year earlier — just as bank stocks sit 13% below their August peak.
Porsche 9-month deliveries slide 16% as China sales plunge 33%
Porsche put 178,532 vehicles into customer hands through September 2026, 16% fewer than a year earlier, as a 33% plunge in China overwhelmed a 12% jump in 911 sales.
Nvidia's $235B buyback promise meets $21.7B in real free cash flow
Nvidia quietly told investors its record $235 billion buyback will be funded from cash left over after "strategic uses" — a caveat that shrinks its reported $69.9 billion of cash flow to about $21.7 billion once AI equity investments and stock-pay costs are counted.
Firmus scraps $5B Australian IPO as investors reject $30B valuation
Nvidia-backed Firmus Grid pulled its $5 billion ASX listing on October 9 after investors balked at a valuation near $30 billion — almost triple what it was worth in August. The collapsed bookbuild is the clearest sign yet that public markets are repricing AI infrastructure.