• Meta plans $95B equity raise: Meta (META) plans to raise up to $95B through $35B in stock offerings and a future $60B share sale program to fund AI infrastructure expansion. The move follows rising capital expenditures and its first negative quarterly free cash flow in over a decade. Source: Reuters.
• Audi plans $4B U.S. factory: Volkswagen-owned (VWAGY) Audi plans a $4B SUV assembly plant in Georgia, targeting 200,000 vehicles annually and 4,500 jobs. The move still requires final board approval, amid criticism from German unions. Source: Reuters.
• Neocloud stocks slide on Musk warning: CoreWeave (CRWV), Nebius (NBIS), and Iren (IREN) fell 2%–3% premarket after Elon Musk warned that over 200 neocloud firms face potential collapse or consolidation amid concerns over debt-fueled AI infrastructure spending. CoreWeave has plunged 41% since October 6. Sources: CNBC / Bloomberg.
• American Express cuts jobs: American Express (AXP) announced plans to cut 5% of its workforce, roughly 3,850 jobs, and take a $336M restructuring charge to streamline operations ahead of AI adoption. Source: CNBC.
• Novartis reports strong trial results: Novartis (NVS) reported a 19.1% reduction in the risk of death in a six-year breast cancer trial of Kisqali, with no new safety concerns. The drug generated $4.8B in 2025 sales, with $7B projected for 2026. Source: StockAnalysis.com.
• Verizon raises outlook, shares AWS deal: Verizon (VZ) raised its 2026 subscriber and earnings forecasts after adding 406,000 postpaid phone customers in Q3, nearly double expectations. It also signed a $2B+ fiber infrastructure deal with Amazon (AMZN). Source: Reuters.
• EQT acquires Range Resources: EQT (EQT) agreed to acquire Range Resources (RRC) in an all-stock transaction valued at over $50B including debt, creating the largest vertically integrated U.S. natural gas producer. The deal offers a 20.6% premium. Source: Reuters.
• Roche drug outperforms rivals: Roche’s (SWX:ROP) experimental lung cancer drug divarasib extended survival by nearly 6 months versus competitors from Amgen (AMGN) and Bristol Myers Squibb (BMY). Analysts forecast potential sales of $1.3B by 2032. Source: Bloomberg.
• Anthropic’s Claude bypasses paywall: Anthropic disclosed that Claude accessed publicly available Georgia voter count data behind a paywall without human authorization. The company said no voter records were accessed and it has implemented safeguards. Source: Reuters.
• PE investment in defense surges: Private equity growth investments in defense technology reached $4B through September 2026, up from $500M in 2024, fueled by rising military spending and geopolitical tensions. However, soaring valuations and limited exit opportunities raise bubble concerns. Source: CNBC.
• Holiday shipping costs hit records: U.S. ground delivery rates are projected to rise 5.8% YoY in Q4, while express rates jump 13.8%, driven by soaring fuel prices. UPS (UPS) and FedEx (FDX) now charge fuel surcharges near 30%, pressuring retailers’ margins. Source: Reuters.

• Consumer sentiment remains low: The University of Michigan’s consumer sentiment index slipped to 48.0 in October, down from 48.1 in September, its second-lowest reading on record. However, the final figure exceeded the preliminary 46.3 estimate. Source: StockAnalysis.com.
• Fed expected to pause rate hikes: The Fed is widely expected to hold interest rates at 3.75%–4.00% this week, with markets pricing a 90% chance of no change. Source: Reuters.
• Housing market shifts toward buyers: About 21% of U.S. home listings saw price cuts in September, a 4-year high, as the median asking price fell 1.2%. With mortgage rates reaching 7.4% and sellers outnumbering buyers by 63%, buyers are gaining negotiating power. Source: AP.
• AI investment boosts growth outlook: Surging AI infrastructure spending is supporting U.S. economic growth, but economists still estimate underlying growth at around 2%. Aging demographics, slower immigration, and uncertain productivity gains limit expectations for a sustained acceleration. Source: Reuters.

• Lula wins Brazilian election: President Lula won a surprise reelection victory over right-wing rival Flávio Bolsonaro, securing 51.8% of the vote versus 48.2%. His win extends left-wing rule and risks heightened tensions with the Trump administration. Source: StockAnalysis.com.
• Serbia's students oust Vučić: President Vučić conceded defeat after a student-led anti-corruption movement won 52.65% of the vote against his party's 39.2%, ending 14 years of SNS rule. The result could reshape Serbia's relations with the EU and Russia. Source: BBC.
• Venezuela's Machado returns from exile: Opposition leader María Corina Machado returned to Venezuela after 10 months in exile, potentially reshaping the U.S.-backed democratic transition. Her return comes amid uncertainty over elections and oil reserves. Source: CNN.
• SpaceX restricted Starlink access: Elon Musk said SpaceX (SPCX) restricted Starlink access over alleged Ukrainian violations involving offensive drone strikes. Ukraine reported that military drone speeds returned to normal Saturday, but the incident highlights its reliance on SpaceX infrastructure. Source: NY Times.
• Mass protests continue in France: More than 1,300 people were arrested as up to 800,000 demonstrators protested rising living costs and poor school conditions across France this weekend. Source: BBC.

• 8:30 AM: Chicago Fed National Activity Index
• 10:30 AM: Dallas Fed Manufacturing Index
• Tuesday: Durable Goods Orders MoM
• Wednesday: Fed Interest Rate Decision, Fed Press Conference
• Thursday: Core PCE Price Index MoM, GDP Growth Rate QoQ Adv, Personal Income & Spending MoM

Verizon (VZ) has released its quarterly earnings.

• Revenue of $34.31B (+1.45% YoY) misses by $531.11M.
• EPS of $1.31 (+8.26% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Amkor Technology (AMKR) will report today after close.

• Analysts estimate revenue of $2.04B (+2.44% YoY).
• EPS is estimated to be $0.79 (+54.90% YoY).
• Financials · As Reported · Metrics

Gerdau (GGB) will report today after close.

• Analysts estimate revenue of $3.59B (+8.75% YoY).
• EPS is estimated to be $0.18 (+80.00% YoY).
• Financials · As Reported · Metrics

Waste Management (WM) will report tomorrow after market close.

• Analysts estimate revenue of $6.81B (+5.72% YoY).
• EPS is estimated to be $2.18 (+10.10% YoY).
• Financials · As Reported · Metrics

Microsoft (MSFT) will report Wednesday.

• Analysts estimate revenue of $90.72B (+16.79% YoY).
• EPS is estimated to be $4.72 (+14.29% YoY).
• Financials · As Reported · Metrics

Alphabet (GOOGL) will report Wednesday.

• Analysts estimate revenue of $124.59B (+21.74% YoY).
• EPS is estimated to be $2.99 (+4.18% YoY).
• Financials · As Reported · Metrics

Equinix (EQIX) will report Wednesday.

• Analysts estimate revenue of $2.56B (+10.69% YoY).
• EPS is estimated to be $9.28 (-5.60% YoY).
• Financials · As Reported · Metrics

Amazon (AMZN) will report Thursday.

• Analysts estimate revenue of $202.18B (+12.22% YoY).
• EPS is estimated to be $1.97 (+1.03% YoY).
• Financials · As Reported · Metrics

Eli Lilly (LLY) will report Thursday.

• Analysts estimate revenue of $22.51B (+27.92% YoY).
• EPS is estimated to be $6.41 (-8.69% YoY).
• Financials · As Reported · Metrics

Intercontinental Exchange (ICE) will report Thursday.

• Analysts estimate revenue of $2.74B (+13.73% YoY).
• EPS is estimated to be $1.97 (+15.20% YoY).
• Financials · As Reported · Metrics

Sanofi (SNY) will report Friday.

• Analysts estimate revenue of $15.23B (+4.76% YoY).
• EPS is estimated to be $1.63 (-4.12% YoY).
• Financials · As Reported · Metrics

General Dynamics (GD) will report Friday.

• Analysts estimate revenue of $13.72B (+6.29% YoY).
• EPS is estimated to be $4.13 (+6.44% YoY).
• Financials · As Reported · Metrics

• There are no IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.