Market News for October 29, 2026
Every story Market Flux published on October 29, 2026.
- Market Flux Event
Amazon Q3 Miss and Negative $42.4B Free Cash Flow as AI Capex Hits $77.3B in a Single Quarter
Amazon reported third-quarter earnings and revenue that missed Wall Street expectations, sending shares down more than 6% in after-hours trading. Earnings per share came in at $1.89 against…
- Market Flux Event
Alphabet Suffers Worst Single-Day Drop on Record, Erasing $500 Billion in Market Value
Alphabet posted its worst single-day stock decline since its 2004 IPO on October 29, 2026, with shares falling roughly 12.6% and wiping approximately $500 billion from the company's market…
- Market Flux Event
Coinbase Q3 Net Income Surges 66% to $719 Million but Crypto Investment Gains Drive Nearly All of It
Coinbase reported third-quarter net income of $719 million, a 66% jump from a year earlier, but the headline figure was heavily distorted by a $715 million gain on the cryptocurrency the…
- Top Story
Intel Shares Plunge More Than 20% After Israel Factory Blast and PC Slowdown Cloud Fourth-Quarter Outlook
Intel's stock tumbled more than 20% in after-hours trading on October 29, 2026, after the chipmaker issued a sharply weaker forecast for the fourth quarter, compounding an already difficult…
- Market Flux Event
ONGold and Arc Mineral Royalties Each File New NI 43-101 Technical Reports for Their Flagship Gold Projects
ONGold Resources Ltd. (TSXV: ONAU; OTCQB: ONGRF) filed on SEDAR+ an independent NI 43-101 technical report for its Monument Bay Gold Project in northeastern Manitoba on October 29, 2026…
- Market Flux Event
Nvidia in Talks to Provide Over $5 Billion in Credit Guarantees to Back Nscale's $45 Billion Anthropic Data Center Deal
Nvidia is in talks to provide Nscale with billions of dollars in credit guarantees to help the cloud provider finance a 460-megawatt data center in West Virginia that is central to a $45…
- Most Active
Thrive Holdings to Take ADT Private in $15.3 Billion All-Cash Deal at $10 Per Share
ADT agreed on October 29 to be acquired by Thrive Holdings, the investment firm co-founded by Joshua Kushner, in a transaction valued at $15.3 billion, with shareholders receiving $10 per…
- Most Active
Teladoc Surges Up to 26% After Q3 Revenue and Profit Beat, Full Year Guidance Raised
Teladoc Health shares surged as much as 26% on October 29 after the virtual care company posted third-quarter results that beat Wall Street estimates on both the top and bottom lines and…
- Most Active
Glaukos Surges After Q3 Revenue Jumps 58% and Company Targets $1 Billion in 2027 Sales
Glaukos posted third-quarter 2026 revenue of $211 million, a 58% year-over-year increase, driven by a 154% surge in corneal health sales and 47% growth in U.S. glaucoma revenue. Earnings…
- Most Active
Xerox Slashes Full-Year Guidance and Suspends Dividends After Q3 Miss on Profitability and Cash Flow
Xerox Holdings Corporation reported third-quarter 2026 revenue of $1.87 billion, down 4.7 percent year over year and roughly in line with analyst expectations, but the company…
- Most Active
Sprouts Farmers Market Sinks 23% After Q3 Miss and Bleak Fourth-Quarter Guidance
Sprouts Farmers Market shares fell roughly 23% on October 29 after the company reported a third-quarter earnings miss and issued a sharply negative outlook for the fourth quarter. Diluted…
- Most Active
Crocs Surges 26% After Q3 Beat and Third Consecutive Guidance Raise as HEYDUDE Returns to Growth
Crocs Inc. shares jumped roughly 26% on October 29 after the footwear company reported third-quarter results that topped Wall Street estimates on both revenue and earnings, and raised its…
- Top Story
Binance Suffers Record $6.3 Billion Hack Attributed to North Korea as Exchange Pledges Full Coverage of Losses
Binance, the world's largest cryptocurrency exchange, confirmed on October 29-30, 2026 that hackers stole an estimated $6.3 billion in digital assets from its hot wallets, making it the…
- Market Flux Event
Genesis Goldfields Launches Non-Brokered Private Placement to Raise Up to C$2 Million
Genesis Goldfields Corp. (CSE: GGF; OTC: NEWDF; FSE: M4K0) has announced a non-brokered private placement offering of up to 13,333,333 units at a price of C$0.15 per unit, targeting gross…
- Top Story
Amazon Crashes 11% After Q3 EPS and Revenue Miss Despite AWS Beat and Strong Operating Income
Amazon shares fell 11% after the company reported Q3 earnings that missed on the headline metrics investors watch most closely. EPS came in at $1.89, below the $1.97 consensus, and net…
- Market Flux Event
US Energy Department Awards 16.75 Million Barrel SPR Oil Loan to Five Companies Including Trafigura, Gunvor and Vitol
The U.S. Energy Department announced that five companies will borrow 16.75 million barrels of crude oil from the Strategic Petroleum Reserve, out of the 17 million barrels the government…
- Market Flux Event
Tanker Struck by Projectile in Strait of Hormuz as Oil Settles Above $100
A tanker was hit by an unknown projectile while completing an outbound transit of the Strait of Hormuz near Khasab, Oman, at 1600 UTC on October 29, 2026. The vessel's Company Security…
- Market Flux Event
OpenAI Revamps Model Spec With Five Core Values Centered on Human Intent and Judgment
OpenAI has released an updated version of its Model Spec, the internal document that governs how its AI models are expected to think and behave, placing human intent at the center of its…
- Market Flux Event
Polymarket Halts Trading After Frontend Compromise Drains User Wallets
Polymarket, the decentralized prediction market platform, temporarily suspended all trading activity on October 29 after users reported unauthorized withdrawals from their wallets, with the…
- Market Flux Event
Netanyahu's Likud-Led Bloc Wins 53 Seats in Israeli Election But Falls Short of Outright Majority
Benjamin Netanyahu's political bloc has secured 53 seats in Israel's general election, leading the main opposition Change Bloc led by Gadi Eisenkot, which won 48 seats, with 100 percent of…
- Market Flux Event
Microsoft Posts Fastest Revenue Growth Since 2021 as Azure Surges 48% on AI Demand
Microsoft delivered a blowout fiscal first quarter, reporting revenue of $92.3 billion, up 19% year over year, its fastest growth rate since late 2021. Adjusted earnings per share came in…
- Market Flux Event
Universal Music Group Q3 Revenue Rises 11.7% as Subscription Streaming Beats Expectations
Universal Music Group posted third-quarter revenue of 3.39 billion euros, a gain of 11.7% at constant currency, as a rebound in subscriptions and streaming drove results above analyst…
- Market Flux Event
Exxon and Chevron Cancel Executive Trips to ADIPEC Conference in UAE Over Security Concerns
Executives from ExxonMobil and Chevron have canceled plans to attend ADIPEC, the major annual oil industry conference held in Abu Dhabi, UAE, scheduled for the following week, according to…
- Market Flux Event
US Treasury Sells $44 Billion in 7-Year Notes at 4.894% in Strong Auction
The US Treasury auctioned $44 billion in 7-year notes on October 29, drawing a high yield of 4.894%, exactly matching the pre-sale when-issued yield, a result known in bond markets as…
- Market Flux Event
US 30-Year Mortgage Rate Drops to 7.24% for Second Consecutive Week
The average rate on a 30-year fixed U.S. mortgage fell to 7.24% for the week ending October 29, 2026, its lowest level in more than a month and the second consecutive weekly decline. The…
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- Top Story
Alphabet Loses Record $500 Billion in Market Value as AI Spending Cannibalizes Search Revenue
Alphabet shares plunged as much as 13.5% on October 29, wiping more than $500 billion from the Google parent's market value in a single session, making it the largest single-day market…
- Market Flux Event
Situational Awareness Seeks Investors to Back Fluidstack at $40 Billion Valuation
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness is pitching investors on a funding round that would value neocloud startup Fluidstack at $40 billion, according to…
- Market Flux Event
HTX Exits UK Market After Settling FCA Illegal Promotions Case, Restricting User Access Until 2031
Crypto exchange HTX has agreed to exit the United Kingdom after settling a lawsuit brought by the Financial Conduct Authority over unlawful crypto promotions, with court undertakings that…
- Market Flux Event
Thrive Holdings to Take ADT Private in $15.3 Billion Deal at $10 Per Share
Josh Kushner's Thrive Holdings has agreed to acquire home-security company ADT in a transaction valued at $15.3 billion, with ADT stockholders receiving $10.00 per share in cash. That…
- Unusual Volume
Caterpillar Posts Record Quarter on AI Power Demand but Shares Sink 8% on Flat Sales Outlook
Caterpillar reported its strongest sales quarter ever on October 29, 2026, with third-quarter revenue rising 17% year-over-year to $20.68 billion and adjusted earnings per share of $7.20…
- Market Flux Event
Trump Administration Offered Tariff Relief to Secure Audi's $4 Billion Georgia Factory
The Trump administration promised tariff relief to Volkswagen's Audi brand as part of negotiations that secured a commitment to build a $4 billion assembly plant in Georgia, according to…
- Unusual Volume
ServiceNow Suffers Worst Single-Day Drop in Its History After Q4 Backlog Guidance Misses and EPS Falls Short
ServiceNow shares plunged as much as 27% on October 29, 2026, its worst session since its 2012 IPO, after third-quarter results delivered a revenue beat paired with a profit miss and a…
- Market Flux Event
Polygon Expands Open Money Stack to Solana, Connecting Bank Accounts and Stablecoins in One Integration
Polygon Labs has added Solana support to its Open Money Stack, a payments infrastructure platform that lets businesses manage bank funding, embedded wallets, cross-chain transfers and…
- Top Story
US Economy Grows 3.4% in Q3, Fastest in a Year, as Inflation Ticks Higher and Lagarde Quits ECB Early
The US economy expanded at a 3.4% annualized pace in the third quarter of 2026, beating the 3.2% consensus forecast and accelerating sharply from the 2.2% rate recorded in the second…
- Unusual Volume
Fortinet Plunges 27% in Worst Single-Day Drop on Record After Service Revenue Outlook Disappoints
Fortinet shares collapsed roughly 27% on October 29, 2026, their worst trading day since the company went public in 2009, after the cybersecurity firm's lowered service revenue forecast…
- Top Story
US GDP Surges to 3.4% While Lagarde Quits ECB Early and Iran Strike Signals Rattle Markets
The US economy grew at an annualized rate of 3.4% in the third quarter of 2026, beating forecasts of 3.2% and accelerating sharply from the 2.2% pace recorded in the second quarter. The…
- Market Flux Event
Standard Uranium and Aventis Energy Report 48,000 cps Surface Radioactivity and New Uranium Showings at Saskatchewan's Corvo Project
Standard Uranium Ltd. (TSXV: STND) and its earn-in partner Aventis Energy Inc. (CSE: AVE) have announced preliminary results from the 2026 ground exploration program at the Corvo Uranium…
- Top Story
Alphabet Sheds $500 Billion in Worst Day Ever as AI Spending Fears Shake Tech While ICE Bets on Hyperliquid
Alphabet suffered the largest single-day market value loss in its history on October 29, shedding roughly $480 billion to $500 billion as shares tumbled 12.6 percent after third-quarter…
- Market Flux Event
Microsoft Launches 10-Part US Dollar Investment-Grade Bond Offering
Microsoft launched a 10-part U.S. dollar high-grade bond offering on October 29, 2026, one of the larger multi-tranche debt deals seen from the technology sector. The offering was flagged…
- Top Story
Iovance Reports 24.6% Response Rate in Lung Cancer TIL Trial and Adds Precision Strategy
Iovance Biotherapeutics reported updated data from its IOV-LUN-202 registrational trial showing a 24.6% objective response rate across 69 patients with non-squamous metastatic non-small…
- Market Flux Event
DoorDash Agrees to Acquire Instacart for $17 Billion at $65 Per Share
DoorDash has signed a definitive agreement to acquire Instacart, the grocery delivery company, for $65 per share in a deal valued at approximately $17 billion. The transaction will be…
- Top Story
ECB President Lagarde to Step Down Early on February 7
European Central Bank President Christine Lagarde has told ECB staff she plans to leave her post on February 7, according to multiple reports citing Bloomberg. The departure would be well…
- Top Story
Eli Lilly Surges on Mounjaro Blowout as DoorDash Announces $17B Instacart Deal in Busy Earnings Session
Eli Lilly delivered the most striking result of a packed earnings day, reporting third-quarter revenue of $24.4 billion against a Wall Street estimate of $22.5 billion, a 39 percent…
- Unusual Volume
Shell Posts Second-Highest Quarterly Profit Ever at $10.8 Billion and Doubles Buyback to $5 Billion
Shell reported third-quarter 2026 adjusted earnings of $10.81 billion, its second-highest quarterly profit on record, blowing past the consensus estimate of $9.92 billion. Adjusted EPS came…
- Market Flux Event
Sweden Q3 GDP Growth Slows to 0.4% as September Activity and Consumer Confidence Weaken
Sweden's economy expanded 0.4% quarter-on-quarter in Q3 2026, beating the consensus estimate of 0.3% but falling sharply from the 1.4% growth recorded in Q2. On an annual basis, the GDP…
- Market Flux Event
Three Tankers Hit Mines in Strait of Hormuz as QatarEnergy Moves to Buy US LNG and Europe Taps Reserves
Iran's Islamic Revolutionary Guard Corps confirmed that three oil tankers exploded and caught fire after striking sea mines in the Strait of Hormuz, saying the vessels had disabled their…
- Market Flux Event
Shell Raises Quarterly Buyback to $5 Billion After Posting Second-Highest Quarterly Profit Ever
Shell lifted its share buyback programme to $5 billion per quarter, up sharply from the prior rate of roughly $3 billion, after reporting third-quarter net income of $10.8 billion, its…
- Market Flux Event
London Metal Exchange Plans to Tokenize Hong Kong Warehouse Metals as Loan Collateral
The London Metal Exchange, which handles roughly $21 trillion in annual trading volume, is planning to tokenize metals held in its Hong Kong warehouses, converting physical stockpiles into…
- Market Flux Event
Adidas Posts Record Q3 Profit and Raises Full-Year Guidance After US Tariff Refund
Adidas reported a record third quarter on Thursday, with operating profit rising 37% to €1.01 billion, well above the €742 million analyst estimate, and revenue climbing 9% year over year…
- Market Flux Event
Russia's Rosatom in Talks With US on Small Nuclear Plants to Power AI Data Centers
Russia's state nuclear corporation Rosatom is in discussions with the United States about potential cooperation on small nuclear power plants designed to supply electricity to artificial…
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- Market Flux Event
Alphabet Plunges 13% on Earnings Miss and Negative Free Cash Flow, Erasing Up to $500 Billion in Market Value
Alphabet reported third-quarter adjusted earnings of $2.12 per share on $63.4 billion in revenue, missing analyst estimates on both metrics. Advertising revenue came in below expectations…
- Market Flux Event
Ripple RLUSD Becomes First Stablecoin to Earn Moody's Investment-Grade Rating as Coinbase Deal and Bank Approval Add Momentum
Moody's Ratings has assigned A2 long-term and P-1 short-term deposit ratings to Ripple USD, the dollar-backed stablecoin issued by Ripple subsidiary Standard Custody and Trust Company…
- Market Flux Event
Vance Secretly Wrote to Iranian Security Chief to Revive Peace Talks as Trump Weighs New Strikes
Vice President JD Vance sent a letter to Mohsen Rezaei, secretary of Iran's Supreme National Security Council, seeking to revive negotiations to head off renewed U.S. military action, the…
- Market Flux Event
Hyundai Motor Q3 Operating Profit Rises 5.5% to 2.7 Trillion Won, Beating Forecasts
Hyundai Motor posted a 5.5% increase in third-quarter operating profit to 2.7 trillion won ($2.01 billion), surpassing analyst expectations. Favorable foreign exchange rates provided a…
- Market Flux Event
North Korea Fires Suspected Ballistic Missile Into Sea East of the Korean Peninsula
North Korea launched a suspected ballistic missile toward the sea off its east coast on October 29, with the Japan Coast Guard reporting the launch in the early morning hours UTC. Japan's…
- Market Flux Event
Fortinet Beats Q3 Estimates and Raises Full-Year Guidance but Stock Falls 6%
Fortinet reported third-quarter 2026 revenue of $2.08 billion, a 20% increase year over year, beating consensus estimates with a positive revenue surprise of 0.79% and an earnings surprise…
- Market Flux Event
Australia Import Prices Fell 1.1% in Q3 While Export Prices Rose 1.4%
Australia's quarterly trade price data for Q3 2026 showed a sharp divergence between import and export prices. Import prices fell 1.1% quarter-on-quarter, a dramatic reversal from the 5.7%…
- Market Flux Event
Trump Confronts Midterms Turmoil as Bolsonaro Flees to Miami and Court Blocks California Ballot Challenge
President Trump is navigating a fraught stretch heading into the midterm elections, with a White House described by aides as gripped by turnover and anxiety. According to a New York Times…
- Market Flux Event
Australian Regulator Probes Joint Lead Managers Over Firmus $5 Billion IPO Collapse
Australia's corporate watchdog, the Australian Securities and Investments Commission, is scrutinizing the joint lead managers behind the failed $5 billion IPO of Firmus Grid, an…
- Market Flux Event
Fed Holds at 3.75%-4% in Split Vote as Strong GDP and Inflation Data Cement December Hike Bets, Lagarde Quits ECB
The Federal Reserve left its benchmark rate unchanged at 3.75% to 4.00% on October 28, voting 10 to 2 to pause as Chair Kevin Warsh cited an "information rich" period ahead with US midterm…
- Market Flux Event
Truth Social Signs Bloomberg, Susquehanna and Jump Trading for Premium Early Access to Trump Posts at Up to $100,000 a Month
Trump Media's Truth Social has struck deals with Bloomberg, trading firm Susquehanna, and trading firm Jump Trading to deliver President Trump's posts milliseconds ahead of the general…