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Crude oil is on track for its fourth consecutive monthly gain. Brent settled at $114.88 on Thursday and traded near $116 on Friday morning, while WTI settled at $102, putting it on course for its first monthly close above $100 since April. Brent is up nearly 14% in October and WTI about 15%. The Houthis claimed attacks on Saudi facilities including refineries at Ras Tanura and Rabigh and an Aramco site at Abqaiq, which Saudi Arabia has not confirmed. Iran's Revolutionary Guar

BP reported underlying replacement cost profit of $8.5 billion for the third quarter, up from $2.2 billion a year earlier and well above the $6.2 billion analysts surveyed by LSEG had expected. The refining indicator margin climbed to $46.70 a barrel from $29.60 in the second quarter. Operating cash flow for the first nine months reached $28.55 billion, compared with $16.89 billion a year ago, and net debt fell to $13.87 billion from $26.05 billion. The company still owes $5.

The U.S. economy expanded at a 3.4% annualized rate in the third quarter, beating the 3.1% consensus forecast and accelerating from 2.2% in the second quarter, according to the latest GDP report. Inflation data was less comforting. The PCE price index rose 0.5% in September and 3.6% from a year earlier, up from 3.4% the month before. Core PCE, which excludes food and energy, rose 0.3% on the month and 3.1% year over year. Consumer spending rose 0.5%, slightly below the 0.6% f

ExxonMobil and Chevron both topped analyst profit expectations for the third quarter, with refining earnings doing much of the work. Exxon reported adjusted earnings of $4.23 per share and said its refining profits exceeded upstream earnings for the first time in at least six years. Chevron posted adjusted earnings of $5.28 per share, with downstream earnings reaching their highest level in the period compared. Refining margins jumped as supply disruptions, including the effe

Wall Street slipped on Thursday as technology shares weighed on the major indexes, with the S&P 500 down about 0.3%. Even so, roughly 81% of S&P 500 members advanced, pointing to sharp rotation beneath the surface. ServiceNow fell about 25% on weak fourth-quarter guidance, Fortinet dropped around 22% despite beating estimates, and Sprouts Farmers Market lost 20% after cutting its outlook. On the upside, Carvana jumped roughly 15% on record third-quarter results with revenue u

Robinhood Markets reported third-quarter net revenue of $1.42 billion, up 12% from a year earlier, while net income fell 14% to $476 million. Diluted earnings per share were $0.51, down 16%, and adjusted EPS of $0.60 was down 3%. Operating expenses rose 16% to $739 million. Transaction-based revenue climbed 19% to $867 million, led by $173 million from event contracts, while cryptocurrency revenue dropped 55% to $120 million and net interest revenue slipped 9% to $415 million

Coca-Cola reported third-quarter net revenue of $13.4 billion, up 7%, with organic revenue also up 7% and unit case volume up 5%. Comparable earnings per share rose 11% to $0.91, and operating margin widened to 33.4% from 32.0%. The company raised its 2026 outlook, now expecting organic revenue growth of at least 5% and comparable EPS growth of at least 11%, up from 9% to 10%. Free cash flow is now projected at no less than $13.0 billion, up from about $12.4 billion. The repo

SK Hynix shares surged 13.3% after the memory chipmaker reported a record quarterly profit, driving South Korea's KOSPI index up 6.63% in a single session. The strength spread to US markets, where the Philadelphia Semiconductor Index gained 1.75% and technology led all S&P 500 sectors with a 0.80% rise. Elsewhere in AI infrastructure, Vertiv jumped nearly 17% on a strong long-term demand outlook and Oracle gained about 11% after setting new financial targets at an investor da

Big Tech earnings split sharply after Wednesday's close. Microsoft rose about 2.6% in extended trading after beating revenue expectations, helped by 48% growth in its Azure cloud business. Alphabet fell more than 10% after hours after reporting its first top- and bottom-line miss in nearly four years. ServiceNow also dropped about 18% after adjusted earnings per share missed estimates by two cents. The moves suggest investors are increasingly judging large technology companie

The Federal Reserve left its benchmark rate unchanged at 3.75% to 4.00% on Wednesday, pausing after September's quarter-point increase. The vote was 10-2, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of another hike. The statement described growth as strong and said inflation remains elevated. Chair Kevin Warsh emphasized the committee's focus on bringing inflation down but declined to signal what the Fed will do in December, saying upc

The yield on France's 10-year government bond reached 5% on Monday, its first time at that level since 2002. Moody's took no rating action, leaving France at Aa3 with a negative outlook. S&P is due to review the country again on Nov. 27. Separately, Japanese investors have sold global bonds for five straight weeks, the longest streak in four years. Analysis of Bank of Japan data shows a correlation of about -0.66 between rolling 12-month Japanese net purchases and changes in

Gartner estimates AI providers will spend nearly $1 trillion on AI infrastructure in 2026 and about $6 trillion more from 2027 through 2030. Earning a 12% return on that capital would require roughly $8.5 trillion in cumulative revenue through 2030, while Gartner forecasts no more than $3.6 trillion, a shortfall of at least $4.9 trillion. The firm expects more than 80% of neocloud providers to stop operating independently by 2030, and says more than $3.5 trillion of AI infras

UPS reported third-quarter 2026 revenue of $22.9 billion, up 6.7% from a year earlier, with growth in all three reporting segments. U.S. Domestic revenue rose 4.5%, International rose 7.1% and Supply Chain Solutions rose 18.2%. Diluted earnings per share were $1.37 on a GAAP basis and $1.69 on an adjusted basis, compared with $1.74 a year ago, a period that included a sale-leaseback gain. Operating margin was 7.6% GAAP and 9.0% adjusted. Supply Chain Solutions results include

A Wall Street Journal analysis suggests Alphabet, Microsoft and Amazon will not contribute enough to third-quarter S&P 500 earnings growth to stand out this week. Nvidia and Micron alone account for about a third of the roughly 30% year-over-year growth. Ten companies, including Broadcom, Exxon Mobil and Meta, account for nearly two-thirds of the total. The concentration means index-level results depend heavily on a small group of names, and any miss from them would weigh on

Meta is looking to raise as much as $95 billion through sales of common and preferred stock, according to reports on Monday. About $35 billion is being offered now, including $22.5 billion of Class A common shares, with Morgan Stanley and Goldman Sachs leading the deal. Nvidia, AMD and Broadcom have agreed to buy up to $5 billion of the common stock as cornerstone investors. A further program of roughly $60 billion in non-voting Class C shares is expected to begin in the firs

Verizon reported third-quarter results on Monday, with revenue of $34.3 billion, up 1.5% from a year earlier. Adjusted earnings per share rose 8.3% to $1.31, and adjusted EBITDA climbed 8.0% to $13.8 billion, lifting the adjusted EBITDA margin to 40.2%, the highest the company has reported. Free cash flow was $7.8 billion, up 12.1%. Postpaid phone net additions came in at 406,000, the strongest third quarter in five years. Equipment revenue fell 9.0%, while mobility and broad

U.S. stocks finished the week mixed. The S&P 500 slipped 0.5% for the week to 7,623.68 and the Nasdaq Composite fell 0.7%, while the Dow Jones Industrial Average gained 0.4% and the Russell 2000 rose 2%. On Friday, the Dow fell 1.2% to 52,215.16 as Brent crude rose 3.1% to above $116 a barrel, its highest level since June 2022, and the 10-year Treasury yield rose to 4.99%. Energy was the only major sector to gain decisively. For the year, the S&P 500 is up 11.4%, the Nasdaq 1

Nike announced on October 23 that it will host a 2026 Investor Day, with a webcast available to investors. The company's release was published after the market close. Investor days typically give management a platform to outline long-term strategy, financial targets and capital priorities. Specific details on the agenda were not included in the headline notice. The announcement comes during a week when consumer discretionary stocks lagged, with the sector down 1.7% on Friday

Robinhood Markets is scheduled to announce third-quarter 2026 results on October 27. The report comes after a difficult year for the shares, which one recent report put at roughly 39% lower year to date, following a 2025 in which the stock more than tripled. That article tied the pressure partly to declines in cryptocurrency markets. Bitcoin has slid toward $81,000 in recent sessions as risk appetite faded. The company has authorized up to $1.5 billion in share repurchases, t

Super Micro Computer released preliminary results for its fiscal first quarter, ended September 30, projecting revenue of $18.5 billion to $19.5 billion. That compares with prior guidance of $14.5 billion to $15.5 billion. Shares rose more than 11% in after-hours trading following the update. Gross margin is expected at 12.0% to 12.5%, above the earlier 10.4% to 10.8% outlook but below the prior quarter's 17.5%, reflecting the thinner margins typical of large AI server deals.