Business & Finance

Private credit BDCs hit record outflows and 6% default rates amid industry shakeout, OpenAI revenue miss erases $170B in AI stock value in one session, global M&A falls 23% as high borrowing costs freeze dealmaking

Indian markets log worst session of 2026 as Sensex drops 1045 points, Trump administration suspends PERM green card filings for Microsoft and major IT firms, federal investigations launched into nine elite universities over J-1 visa abuse

Skydance Corp launches after $111B Warner Bros. merger closes, 10-year Treasury yield hits 24-year high of 5.33%, weekly jobless claims fall to 197K supporting hawkish Fed outlook

S&P 500 breadth deteriorating beneath flat index surface, sector rotation into defensives accelerates, tech giants report revenue beats with cautious guidance on AI returns and consumer spending, Fed skips October rate hike after weak jobs report but December still live pending October 13 CPI release

30-year Treasury yield reaches 5.70%, highest since 2002, Nvidia approaches historic $6 trillion market cap milestone, S&P 500 closes above 7800 for first time but rally concentration raises breadth concerns

10-year Treasury yield reaches 5.33% for first time since 2002, hot services inflation data fuels rate fears, CCC-rated high-yield spreads widen to 12-month peak, S&P 500 nears record high on AI and M&A rally despite bond market stress

Nasdaq hits all-time high on narrow AI rally as Treasury yields reach 24-year highs, S&P 500 Q3 earnings growth projected at 29.5% with estimates rising unusually into reporting season, G7 agrees to release 100 million barrels of oil and diesel to ease global supply crunch

Micron posts record $54B quarter on AI memory demand, Schneider Electric acquires PTC for $22.6B in industrial AI push, Cenovus buys Athabasca Oil for C$5.7B in Canadian energy consolidation

US stocks reach 45% of global market cap, Schneider Electric acquires PTC for $22.6 billion in landmark industrial AI bet, US Q3 M&A volume falls nearly 50% amid rising borrowing costs

September jobs report adds just 29K vs expectations of 90K-162K, SoftBank closes $64.6B OpenAI investment funded by junk bonds and asset sales, Authentic Brands Group eyes Mattel takeover at $6B-plus with 50% premium

September payrolls miss deepens rate-cut expectations, Amazon signs 20-year nuclear power deal with Constellation Energy, Sanofi and Regeneron expand immunology alliance to $8 billion

Consumer spending jumps 0.9% in August with cooling inflation, Q2 GDP revised up to 2.2% on AI investment and export strength, ADP private payrolls beat expectations with 90K jobs added in September

August PCE inflation surprises to the downside, Fed rate-hold odds rise ahead of October FOMC, 10-year Treasury yield hits 5.34% for first time since 2002, bond vigilantes rattle global markets, Evernorth XRP treasury merger wins shareholder approval and sets Nasdaq debut for October 8

Brent crude holds above $100 as Saudi supply recovery meets Hormuz uncertainty, Tata Sons faces mounting pressure for a landmark IPO after RBI rejects its escape routes, softer PCE data cuts Fed rate hike odds and lifts markets

Tech and growth stocks swing on macro data and quarter-end flows, earnings season splits winners and losers across sectors, M&A activity accelerates in tech healthcare and energy

Anthropic files landmark IPO with $42B loss and existential AI warnings, Oura postpones $2.2B listing despite 4x oversubscription, markets fall on oil surge and record Treasury yields

Nvidia authorizes record $150B share buyback expansion, Nvidia launches Open Agent Safety Platform with 100+ partners, US consumer sentiment falls near historic lows at 48.1

MongoDB CEO Desai resigns to join Meta's enterprise AI push, sending shares down 15%, Trump rejects Iran's Hormuz reopening offer sparking oil surge, 10-year Treasury yield approaches 19-year high as October rate hike odds climb to 70%

PB Fintech shares plunge 36% on IRDAI commission reform shock, IRDAI proposes sweeping cuts to insurance distributor commissions, Dabur absorbs Sesa Care after NCLT approval

Brent crude hits $106 as Hormuz diplomacy stalls and bond yields spike, BASF makes formal takeover approach for Evonik in European chemicals shakeout, Airbus offers asset sales to secure EU approval for landmark three-way space merger

Fed raises rates to 3.75-4%, signals December hike likely, Brent crude surges toward $106 on Iranian military rhetoric, Archer Aviation clears antitrust review for Boeing subsidiary acquisitions

Meta unveils 100-gram VR glasses at $1,299 to challenge Apple Vision Pro, Meta reveals Muse Charm AI keychain gadget at Connect 2026, 10-year Treasury yield hits 5.12% — a 19-year high on hot PMI data

10-year Treasury yield hits 19-year high as stocks sell off, Trump hosts Xi Jinping in first US state visit in 11 years, Franklin Templeton declares Bitcoin bull market on institutional flows

Paramount-Skydance settles antitrust lawsuit clearing path for $110B Warner Bros. Discovery merger, Royal Caribbean acquires 50% stake in Sandals Resorts for $3B amid investor skepticism, Todd Boehly and U.S. DFC challenge Carlyle Group for Lukoil's $20B international asset portfolio

Paramount-Skydance settles with 12 states clearing $110B Warner deal, Royal Caribbean acquires 50% of Sandals Resorts for $3B in debt-funded bet, US corporate interest payments hit 10-year low as government costs surge

US 2-year Treasury yield reaches 27-month high as Fed hike odds climb to 75% for October, Nasdaq closes at consecutive record highs led by AI and chip stocks, Royal Caribbean acquires 50% stake in Sandals Resorts for $3 billion in largest deal in company history

AMD crosses $1 trillion market cap on AI pricing power, Meta surges 11% as Muse displaces ChatGPT, Paramount-WBD merger settles state AG lawsuit ahead of costly deadline

AMD crosses $1 trillion market cap on AI data center surge, Citi warns of deepening NAND supply crunch through 2031, Bitcoin surges toward $87K as crypto market cap reclaims $3 trillion

UK private equity buyouts surpass $100 billion in 2026, Palantir CEO claims AI labs seek nationalization to escape liability, OpenAI rules out 2026 IPO amid $278 billion projected cash burn