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SpaceX Revenue Jumps 161% as AI Unit Overtakes Starlink
SpaceX reported $14.58B third-quarter revenue up 161%, with its AI unit overtaking Starlink and CEO Elon Musk discussing a possible Tesla merger.
Defense Stocks Are Getting Hammered. Wall Street May Be Missing the Bigger Picture
Record defense backlogs at Northrop and RTX meet rising bets on a Democratic Congress and a smaller 2027 defense budget ahead of the midterms.
Chinese Tech Giants Order $35B in Nvidia Chips Despite Washington's Export Restrictions
ByteDance, Alibaba and Tencent ordered over $35B of Nvidia RTX PRO 5500 cards, but Nvidia warns deliveries will fall far short.
Premarket Movers: Rapport Therapeutics Surges on Trial Win, General Motors Drops
Rapport Therapeutics jumped 31% on a Phase 2 bipolar mania win while General Motors fell 6% after trimming its 2026 profit outlook.
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Wall Street Is Ditching Tech for Retailers. Walmart and Costco Are Cashing In
Defensive buying lifted consumer staples and mega retailers as September inflation hit 3.7%, with the staples ETF adding to all 33 holdings.
Manheim Index Rises 0.7% as Wholesale Used-Car Supply Tightens
Manheim index rose 0.7% in early October as wholesale days supply fell to 28.2, while Bank of America upgraded CarMax to Buy with a $65 target.
Musk Pledges Nationwide SpaceX Share Gift to US Children
Musk Pledges One SpaceX Share to Every US Child in Roughly $11B Giveaway
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U.S. Bancorp Relaunches BMW Cards With Triple Rewards
U.S. Bancorp relaunches its BMW Mastercard cards with triple rewards on BMW spending, doubled dealership redemption value and no annual fee.
Fox Wants a Bigger Piece of Streaming. Its Roku Deal Comes With a Catch
Fox shareholders approved its $22 billion Roku takeover, adding about $8.3 billion of debt as antitrust review extends toward a 2027 close.
KFC Switches US Beverage Deal from PepsiCo to Coca-Cola
KFC switches its US beverage supply from PepsiCo to Coca-Cola starting January 2027, ending a roughly 40-year exclusive relationship between the two.
Nearly 40% of S&P 500 Stocks Sit in Bear Market Territory as the Index Holds Near Highs
More than a third of S&P 500 stocks sit 20 percent below their highs even as the index nears records, led by a narrow group of AI names.
