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Telia Co. announced plans to cut 900 jobs, according to WSJ Markets and Investing.com. WSJ Markets reported the cuts represent around 6.4% of its 14,100-strong workforce and are expected to be complete before year end, while Investing.com described the push as aimed at saving 1 billion crowns annually.
Bloomberg Markets reports that Boxer Retail Ltd. appointed a new chief executive officer as the incumbent is set to retire. The South African budget grocer also reported higher first-half profit after it kept prices low to attract cash-strapped consumers.
Vår Energi cut its 2026 output forecast, according to Investing.com Stock Market News. The same report states Q3 production was 369,000 boepd.
Investing.com Stock Market News reported that Geely shares climbed as the automaker targets a Canada launch in 2027. The post gives no figures, confirmation or further detail.
Investing.com Stock Market News reported that Nordex's third-quarter order intake rose 29.5%, led by Turkey, Germany and the U.S. The post provides no further figures, timing or confirmation details.
Seeking Alpha Market Currents reports that Anduril has unveiled a missile interceptor called Steelfin, described as affordable, with defense stocks in focus. No figures, timing or confirmation details are provided in the post.
Bank of America reiterated a Buy rating on Alibaba ahead of the company's September quarter earnings, according to Investing.com Stock Market News. The post does not state a price target, earnings date or any other figure.
Investing.com Stock Market News reported that SK Hynix is testing KRW 1,633,000 support following a head-and-shoulders breakdown. The post provides no further figures, timing or confirmation beyond that headline.
Investing.com Stock Market News reported that Samsung and SK Hynix shares dropped after China's CXMT flagged progress in memory development. The post attributes the share declines to CXMT's stated progress in memory development.
Amundi SA's research arm sees scope for a rebound in Indian equities after a steep selloff fueled by high oil prices and persistent foreign outflows, according to a Bloomberg Markets report. The report frames the end of the Iran War as a turning point for India.
Bloomberg Markets reported that Genting Bhd. shares plunged by the most in 28 years after the leisure group controlled by Malaysian billionaire Lim Kok Thay announced plans to raise about 1.25 billion ringgit ($306 million) through a renounceable rights issue.
CNBC reports that retail brands are shrinking assortments to return to healthy growth, while box stores are culling products to better curate offerings and stabilize business. The report cites examples including BJ's and Lululemon.
A Reddit user on r/stocks describes deciding whether to put fresh money into exactly one of TSLA or AVGO. The post cites AVGO AI semiconductor revenue of $16.7B last quarter, up 221% YoY, roughly 21x next-year forward earnings, a consensus target of about $527, and a price below its 50- and 200-day averages, with an overhang from customer-financing arrangements for OpenAI and Anthropic chip buildouts. It also cites TSLA at roughly 158x forward earnings, earnings on October 21, Cybercab rides launched in Austin in September, and a scaling robotaxi fleet.
The IMF found real investor demand for tokenized stocks, with more than half of trading occurring outside U.S. market hours, according to Decrypt. The roughly $2.3 billion market remains more volatile and less liquid than traditional equities, and the IMF says liquidity, legal rules and settlement systems have not caught up.
MarketWatch reports that big banks will kick off earnings season on Tuesday, providing a first read on the health of the economy in a rising-yield environment. The report says the earnings will shed the first light on how higher yields are affecting the economy.
WSJ Markets reports that home sellers are starting to blink on prices, which it says is bad for builders. The post states that competition for buyers is heating up, which will force companies like Lennar and KB Home to beef up incentives.
A MarketWatch Bulletins headline claims Nvidia's stock is dodging an AI credit scare that is crushing Broadcom and Oracle. The post provides no figures, timing or sourcing beyond the headline itself.
Investor's Business Daily published a piece naming GE Vernova and Snowflake as leading five AI stocks with accelerating growth. The post states that accelerating revenue growth has whetted investor appetites.
Investor's Business Daily published a week-ahead preview stating that a news-driven stock market will receive plenty of input in the coming week as earnings season and election maneuvering gather momentum. The post provides no specific figures, tickers or outcomes.
CNBC Top News reported that 7-Eleven store closures in India point to a reset of its operations in India, not to an exit. No figures, timing or additional confirmation are stated in the post.
A Reddit user on r/stocks asks whether Micron's record quarter and memory outlook help Sandisk, noting that Sandisk sells NAND rather than HBM. The post cites Micron CEO Mehrotra saying memory and storage should be tighter in 2027 and 2028 than in 2026, and that NAND stays supply constrained through 2028. It also notes Sandisk reports October 29 and asks whether the two should be treated as the same trade.
CNBC's Jim Cramer said next week's earnings reports will give investors a clearer picture of corporate performance and the strength of the AI trade, according to a CNBC Earnings newswire post. The post states that banks and chipmakers face big tests in the week ahead.
WSJ Markets reported that the Russell 2000, which tracks the shares of small companies, closed Friday on a five-week losing streak. The post attributes the small-cap weakness to surging yields.
WSJ Markets reports that SpaceX's wireless move has tripped up telecoms, alongside rising yields and Delta cutting its profit outlook. The post provides no further detail on the telecom impact, the yield move or the size of Delta's outlook cut.
Investor's Business Daily reported that shares of cell tower operators rallied Friday on hopes that SpaceX's wireless service will mean more business for them. The post attributes the gains to expectations about SpaceX's mobile plans.
Investor's Business Daily reported that RTX won a $6 billion Pentagon contract for interceptor missiles. The same post stated that RTX stock rose about 1% on Friday.
Investor's Business Daily reported that Tesla stock rose more than 3% on Friday morning following the release of strong wholesale sales in China. The post described the China sales figures as the best of the year.
Investor's Business Daily reported that the stock market was divided this past week, with the S&P 500 and Nasdaq hitting new highs while paring gains on OpenAI fears, and small caps extending losses. The post also stated that Treasury yields and oil prices were little changed.
Investor's Business Daily reported that Teva stock surged Friday after the FDA approved its schizophrenia drug, described as a once-monthly injectable treatment. The post also stated Teva was already up 26% this year.
Investor's Business Daily reports that several major banks will report third-quarter earnings, but says the most interesting reports may come from a couple of industrial companies and an insurer. No specific companies, dates or figures are named in the post.