VOL. 1NO. ----Sat24.10.26EDITION--:--

EN

LOADING · TRADINGVIEW

Section

Finance

Explainers on central banks, interest rates, financial regulation and fintech, with links to the primary documents. Not financial advice.

48 POSTSUPDATED

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  1. Instacart sale talks with Uber, DoorDash send shares up 9.2%

    Uber fell 3.4% and DoorDash fell 3.5% as the report landed. Instacart declined to comment, and no offer, price or buyer has been confirmed.

    FIN · 6 MIN

  2. Trump executive order on mortgage costs: PMI pilot, title waiver

    Fannie Mae and Freddie Mac would pilot proactive PMI cancellation on new loans only. Most steps hinge on an "if the Director determines" condition, and the only deadline is a 180-day task force report.

    FIN · 5 MIN

  3. Why airfares are going up: US fares rise 22.4% as jet fuel jumps

    American, United and Southwest paid $3.85 to $3.92 a gallon for jet fuel in the third quarter. All three are slowing growth rather than filling planes with cheap seats, and executives say fares are still below 2019 levels after inflation.

    FIN · 7 MIN

  4. Blackstone Q3 2026 earnings top estimates at $1.32 a share

    Distributable earnings per share fell 13% from a year earlier but topped Wall Street forecasts, helped by $63.3 billion of inflows and assets under management of $1.37 trillion. Real estate remained the weak spot.

    FIN · 6 MIN

  5. 10-year Treasury yield explained: what 5% means for mortgages

    The yield peaked at 5.31% on October 5 and fell 0.17 point to 4.96% on October 22 as money moved from technology stocks into bonds. This guide explains what the number means, why it moves against prices and where to find official data.

    FIN · 11 MIN

  6. American Express Q3 2026 earnings: EPS $5.42, outlook raised

    Adjusted EPS rose 13% once a $982 million gain on the GBTG stake sale and a $336 million restructuring charge are stripped out. Revenue grew 9% to $20.06 billion and billed business rose 8% to $454.0 billion.

    FIN · 7 MIN

  7. HSBC RedCoin stablecoin goes live for 3.3 million PayMe users

    RedCoin (RCHKD) launched on 23 October for person-to-person transfers and PayMe merchant payments. It runs on HSBC's own ledger, works only inside HSBC apps and is not covered by Hong Kong's Deposit Protection Scheme.

    FIN · 6 MIN

  8. Credit Default Swap Explained: How to Read a CDS Spread

    One basis point is 0.01%, and at 115 bps with a 40% recovery assumption the implied default probability is about 1.9% a year. This guide also covers how ISDA committees and auctions decide payouts.

    FIN · 9 MIN

  9. How does an IPO work? S-1, roadshow, pricing and the first trade

    The IPO price is fixed the night before listing, but the opening price comes from buy and sell orders the next morning. Figma's 2025 IPO shows each step, and EDGAR shows what Anthropic and OpenAI have and have not filed.

    FIN · 9 MIN

  10. Lockheed Martin Q3 2026 results: record $292bn backlog

    Missiles and Fire Control sales and operating profit both rose 24% as PAC-3, THAAD, GMLRS and PrSM production ramped up. Free cash flow fell to $2,999 million, but the 2026 outlook was raised to about $7.8–8.0 billion.

    FIN · 7 MIN

  11. Valero Q3 2026 results: profit hits $6.8 billion as margins triple

    Adjusted earnings were $23.90 a share, almost identical to reported results, and cash reached $9.8 billion at September 30. Executives tied the margins to freight costs, low inventories and export demand, and said conditions can change.

    FIN · 7 MIN

  12. Elon Musk Skydance investment: Semafor reports about $1 billion

    Semafor first reported the equity investment, and CNBC followed. The stake, price and structure are undisclosed, and the cash would land in a company that Fitch and S&P have cut deeper into junk territory.

    FIN · 7 MIN

  13. How to build an emergency fund: target, account and automation

    Only 63% of US adults would cover a $400 surprise bill with cash, according to the Federal Reserve. Here is a step-by-step method to size, store, automate and rebuild an emergency fund, with a worked example.

    FIN · 8 MIN

  14. Moderna melanoma vaccine data surface early; shares fall 17.6%

    The Phase 3 INTerpath-001 results were positive, but the 42% reduction came in below the 49% seen in the earlier Phase 2b study, though the trials are not directly comparable. Full data are due at ESMO in Madrid on 24 October.

    FIN · 6 MIN

  15. Meta credit default swaps hit record 114.79 bps on AI spending

    Reuters, citing Markit data, said the 7.6 bps move was the biggest one-day jump since at least 2025. A record spread does not mean anyone expects a default: Meta is still rated Aa3 by Moody's and AA- by S&P.

    FIN · 7 MIN

  16. Tesla Q3 2026 results: shares fall 2% after capex cut to $20bn

    Tesla's third-quarter margins and cash flow beat forecasts, but it cut its 2026 capital-spending plan to about $20 billion from more than $25 billion. Reuters says the shares slipped as investors questioned Musk's AI and robotics push.

    FIN · 8 MIN

  17. P&G Q1 results: sales up 4% as costs hold EPS growth to 1%

    Procter & Gamble beat sales and profit forecasts as shoppers bought more Tide, Dawn and premium hair care, but commodity and freight costs cut 150 basis points from core gross margin. The company kept its fiscal 2027 targets and returned $3.9 billion to shareholders.

    FIN · 7 MIN

  18. EQT Qiagen Takeover: €10.8bn Deal at a 40.3% Premium Explained

    Qiagen's boards back the all-cash offer, with ADIA and CPP Investments as co-investors. It needs 50% plus one acceptances, an EGM vote and regulatory clearances, with closing expected in mid-2027.

    FIN · 6 MIN

  19. IBM Q3 2026 results: revenue rises 5% to $17.1 billion

    Results beat analyst consensus as Data rose 19% and Red Hat 11%, offsetting flat consulting and a 20% drop in IBM Z mainframe revenue. IBM now expects free cash flow to rise by more than $1 billion year over year.

    FIN · 6 MIN

  20. Meta non-voting stock: one Class C share for each A or B share

    The charter amendment is set to take effect on Jan. 19, 2027, with record and payment dates not yet set. Meta announced it with Q3 results showing revenue up 26% to $64.60 billion and costs up 68% to $51.61 billion.

    FIN · 8 MIN

  1. Imbal Hasil Obligasi 10 Tahun Prancis Tembus 5%: Apa yang Berubah

    Imbal hasil obligasi acuan 10 tahun Prancis menyentuh 5,002% pada 21 Oktober, tertinggi dalam 24 tahun. Imbal hasil Jerman nyaris tak bergerak, sehingga kenaikan ini mencerminkan premi khas Prancis akibat anggaran 2027, unjuk rasa, dan peninjauan Moody's.

    FIN · 7 MIN

  2. Rugi US$80,7 miliar Anthropic yang dilaporkan: apa arti angkanya

    Reuters dan WSJ menyebut draf S-1 Anthropic menunjukkan rugi bersih US$80,7 miliar pada semester I 2026. Sekitar US$72 miliar di antaranya beban nonkas atas instrumen konversi. Berikut apa yang dilaporkan, apa yang tercatat resmi, dan mengapa rugi bersih berbeda dari rugi operasional.

    FIN · 6 MIN

  3. Netflix Q3 2026: margin lampaui target, saham turun akibat panduan Q4

    Netflix mencatat margin operasional 34,6% dan laba per saham US$0,87 pada Q3 2026, di atas proyeksinya sendiri. Proyeksi margin Q4 26% yang menyerap sekitar 120 bps biaya PHK, ditambah target pendapatan iklan yang lebih rendah, menekan saham setelah jam bursa.

    FIN · 7 MIN

  4. CEO HDFC Bank mundur: apa yang terkonfirmasi terkait tata kelola

    Sashidhar Jagdishan menyerahkan jabatan kepada penggantinya yang disetujui RBI, Anup Bagchi, pada 27 Oktober. Pengunduran diri ketua, denda bagi eksekutif, gugatan kelompok di AS, dan laporan tentang investigasi kebocoran internal memunculkan pertanyaan tata kelola. Berikut yang terkonfirmasi.

    FIN · 7 MIN

  5. FAA menyertifikasi Boeing 737 MAX 10: apa arti persetujuannya

    FAA telah menyetujui varian 737 MAX terbesar sekitar enam tahun lebih lambat dari jadwal. Inilah cakupan sertifikatnya, artinya bagi 1.555 pesanan MAX 10 dan pengiriman ke maskapai, serta isu yang masih terbuka.

    FIN · 7 MIN

  1. Rendimiento del bono francés a 10 años llega al 5%: qué cambió

    El rendimiento del bono francés de referencia a 10 años tocó el 5,002% el 21 de octubre, máximo en 24 años. Los rendimientos alemanes apenas se movieron, así que la subida refleja una prima francesa ligada al presupuesto de 2027, las protestas y la revisión de Moody's.

    FIN · 8 MIN

  2. Pérdida de US$80.700 millones de Anthropic: qué significan las cifras

    Reuters y el WSJ dicen que el borrador del S-1 de Anthropic muestra una pérdida neta de US$80.700 millones en el primer semestre de 2026. Unos US$72.000 millones son un cargo no monetario por instrumentos convertibles. Qué se sabe y por qué difieren pérdida neta y operativa.

    FIN · 8 MIN

  3. Netflix 3T 2026: supera en margen y cae en bolsa por la guía del 4T

    Netflix registró un margen operativo del 34,6% y una ganancia por acción de 0,87 dólares en el 3T 2026, por encima de su previsión. Un margen previsto del 26% para el 4T, con unos 120 pb por despidos, y un menor objetivo publicitario hicieron bajar la acción.

    FIN · 8 MIN

  4. Salida del CEO de HDFC Bank: lo confirmado ante dudas de gobernanza

    Sashidhar Jagdishan cede el cargo el 27 de octubre a Anup Bagchi, sucesor aprobado por el RBI. La dimisión del presidente, multas a directivos, una demanda colectiva en EE. UU. y un nuevo informe sobre filtraciones plantean dudas de gobernanza. Esto es lo confirmado.

    FIN · 9 MIN

  5. La FAA certifica el Boeing 737 MAX 10: qué significa la aprobación

    La FAA aprobó el 737 MAX más grande con unos seis años de retraso. Esto es lo que cubre el certificado, qué supone para los 1555 pedidos del MAX 10 y las entregas a aerolíneas, y qué asuntos siguen abiertos.

    FIN · 8 MIN

  1. Juro do título francês de 10 anos chega a 5%: o que mudou

    O rendimento do título de referência de 10 anos da França chegou a 5,002% em 21 de outubro, a máxima em 24 anos. Os juros alemães quase não se mexeram, então a alta reflete um prêmio francês ligado ao orçamento de 2027, aos protestos e à revisão da Moody's.

    FIN · 8 MIN

  2. Prejuízo de US$ 80,7 bi da Anthropic: o que os números significam

    Reuters e WSJ dizem que o rascunho do S-1 da Anthropic mostra prejuízo líquido de US$ 80,7 bilhões no 1º semestre de 2026. Cerca de US$ 72 bilhões são encargo sem efeito caixa sobre instrumentos conversíveis. Veja o que se sabe e por que prejuízo líquido e operacional diferem.

    FIN · 7 MIN

  3. Netflix 3T 2026: margem acima da meta, ações caem com projeção do 4T

    A Netflix teve margem operacional de 34,6% e lucro por ação de US$ 0,87 no 3T 2026, acima da própria projeção. A margem prevista de 26% para o 4T, que absorve cerca de 120 pb de custos com demissões, e a meta menor de publicidade pressionaram as ações no after-market.

    FIN · 8 MIN

  4. Saída do CEO do HDFC Bank: o que está confirmado sobre a governança

    Sashidhar Jagdishan passa o cargo em 27 de outubro a Anup Bagchi, sucessor aprovado pelo RBI. A renúncia do presidente do conselho, multas a executivos, uma ação coletiva nos EUA e uma nova reportagem sobre vazamentos levantam dúvidas de governança. Veja o que está confirmado.

    FIN · 8 MIN

  5. FAA certifica o Boeing 737 MAX 10: o que significa a aprovação

    A FAA aprovou o maior 737 MAX com cerca de seis anos de atraso. Veja o que o certificado cobre, o que ele significa para os 1.555 pedidos do MAX 10 e para as entregas às companhias aéreas, e quais questões seguem em aberto.

    FIN · 8 MIN

  1. 仏10年債利回りが5%到達：10月上旬から何が変わったのか

    フランスの指標10年物国債利回りは10月21日に5.002%を付け、24年ぶりの高水準となりました。ドイツ国債利回りはほとんど動いておらず、今回の上昇は2027年予算案、抗議デモ、迫るムーディーズの格付け見直しを背景としたフランス固有のプレミアムを反映しています。

    FIN · 9 MIN

  2. Anthropic、上半期に807億ドルの純損失と報道　数字の意味を解説

    ロイターとWSJによると、AnthropicのS-1草案は2026年上半期に807億ドルの純損失を示しています。そのうち約720億ドルは転換型金融商品に関する非現金費用です。報道の内容、公式に確認できる事実、純損失と営業損失の違いを解説します。

    FIN · 9 MIN

  3. ネットフリックス7〜9月期決算：利益率は予想超え、10〜12月期見通しで株価下落

    ネットフリックスの2026年第3四半期（7〜9月期）は、営業利益率34.6%、EPS0.87ドルと自社予想を上回りました。一方、人員削減費用約120ベーシスポイントを織り込んだ第4四半期の利益率見通し26%と広告収入目標の引き下げを受け、株価は時間外取引で下落しました。

    FIN · 10 MIN

  4. HDFC銀行CEO退任、ガバナンスへの疑問が強まる中で確認された事実

    サシダール・ジャグディシャン氏は10月27日、RBIが承認した後任のアヌープ・バグチ氏にCEO職を引き継ぎます。会長の辞任、幹部への罰金、米国での集団訴訟、情報漏えいに関する社内調査の新たな報道により、ガバナンスへの疑問が高まっています。確認済みの事実をまとめました。

    FIN · 12 MIN

  5. FAAがボーイング737 MAX 10を認証　承認が意味するもの

    FAAは737 MAXシリーズ最大の機体を、当初予定から約6年遅れで承認しました。型式証明の対象、1,555機のMAX 10受注と航空会社への引き渡しへの影響、そして未解決の課題をまとめます。

    FIN · 8 MIN