The stock fell 27% after earnings disappointed, reviving fears that AI could disrupt software companies.
Nine major oil firms may earn over $95B for a second quarter as Iran war fuel price spikes boost profits and raise energy bills.
Leaders cited debt, AI and trade imbalances as threats, while easing U.S.–China tensions made China less of a concern.
Goldman, JPMorgan and Morgan Stanley earned $52B from stock trading, boosted by AI bets and hedge fund borrowing. Rising debt adds risk.
Profit fell 15% to €2.15bn. Ryanair is weighing pay freezes, lower staffing and more AI use as fuel bills rise.
A jury sided with Bayer in the first trial since a favorable Supreme Court ruling. The company is also pursuing a $7.25 billion settlement for other claims.
ECB President Christine Lagarde will resign on Feb 7, stating she can no longer remain neutral on world events. Markets showed little reaction to the news.
Binance suffered a record $6.3bn crypto hack via a compromised engineer's laptop. North Korea is suspected, but Binance promises to cover all losses.
Ryanair is changing its airport bag drop deadline from 40 to 60 minutes before departure starting November 10 to help passengers avoid missing flights.
Google shares tumble 11% as a record $51B AI spend and cash burn miss expectations, hurt by search cannibalization.
EU warns Europe needs more oil refineries to combat energy shocks and secure diesel supplies amid geopolitical instability.
Atlantic Airways has ordered two additional Airbus A320neo jets as the Faroe Islands' flag carrier works toward transitioning to an all-A320neo fleet.
Germans keep holding back on spending: GfK/NIM predict consumer sentiment to fall slightly to -30.8 for November, down from -22.8 a year ago, as inflation fears and weak income outlooks outweigh modest economic optimism.
As part of a broader realignment within the financial sector, Swedbank Group intends to trim its global head count by about 500 employees. Approximately 100 of these reductions will affect the Baltic operations, which currently staff over 6,000 people. Swedbank Estonia board chairman Olavi Lepp attributed the decision to ongoing organizational changes after a period of robust profitability driven by
Fourteen Hungarian business groups urge revisions to the draft wealth tax, seeking reliefs for reinvested funds, R&D, and green projects, plus a 0.3%–0.5% rate on HUF 1–5 billion. They warn of severe valuation costs, tighter credit, and risks for illiquid assets, listed firms, and startups.
Boeing narrowed its Q3 loss to $116M on strong defense sales, but stock fell 10% as 737 Max production ramp-up to 52 planes/month was delayed to late 2027.
Hungarian energy group MOL is reportedly a top contender to buy Saudi Aramco's assets in Poland, including a 30% stake in the Gdańsk oil refinery. The deal would supply MOL's 417 Polish petrol stations, though BP, Shell, and strict EU antitrust rules pose major hurdles. No sale is finalized yet.
City economists doubt the Bank of England will raise interest rates to 4.75% next summer, contradicting market expectations of sharp hikes.
Bayer shares rose significantly (reaching EUR 45.01, up 2.34%) following the approval of its stroke prevention drug Asundexian in China. It is the world's first FXIa inhibitor on the market, offering a lower bleeding risk than traditional blood thinners. Positive Phase-3 study results for its prostate cancer drug Nubeqa also boosted the stock.
Lloyds Banking Group is closing 17 Halifax and Lloyds bank branches across the UK in November due to a shift toward online banking. Customers can still access basic services at Post Offices or utilize mobile banking and banking hubs.
Novartis will announce its Q3 earnings before the market opens on October 27, followed by a conference call at 8:00 AM ET (1:00 PM CET). Analysts expect the company to report a 4.6% year-over-year revenue increase, reaching between $14.53 billion and $14.56 billion, along with a consensus EPS of $2.25.Novartis AG Weekly Chart Year-to-date in 2026, Novartis AG has delivered more
Volvo Cars shares plunged on Friday, wiping out over a quarter of the Swedish automaker's market value following a rapid deterioration of sales in China. In response to intensifying competition and a nearly 50% drop in Chinese quarterly sales, the company announced plans to cut 2,500 jobs and reduce research and development spending. Despite the turbulence in the Asian and
Bank of America was fined $1.2bn by US regulators, including a record $750m OCC penalty, over severe AML failures and Bank Secrecy Act violations. The bank failed to monitor trillions in transactions linked to illicit finance, prompting criticism over persistent breakdowns in internal controls.
BBVA is partnering with Nvidia to strengthen AI agent security and governance. Using Nvidia's OpenShell Reference Architecture, the bank aims to build, monitor, and contain autonomous agents in real time, preventing unauthorized actions while boosting productivity.