- Blackstone is preparing to invest $5 billion in Rogers, according to the Globe and Mail.
- Spirit Airlines is to lay off hundreds of pilots.
- eBay announced lower-than-expected fourth-quarter sales forecasts, citing sluggish demand in categories like collectibles and refurbished items. Shares dropped 8% in pre-market trading.
- Coinbase reported Q3 earnings of $0.28 per share, missing the expected $0.41. The stock declined by 3% before the market opened.
- Carvana saw a 32% increase in Q3 sales, surpassing expectations. The stock surged 20% pre-bell.
- Robinhood disclosed disappointing Q3 results due to higher customer acquisition costs. Its stock plummeted 11% in pre-market trading.
- MetLife revealed a drop in Q3 adjusted earnings, attributing it to a poor showing in its group benefits segment.
- Estée Lauder retracted its 2025 sales and profit forecasts amid waning luxury goods demand, particularly in China. The company's shares fell 9% pre-market.
- Merck & Co released strong quarterly results, driven by sales of its Keytruda cancer drug. However, it noted weaker Gardasil vaccine demand in China.
- Airbus is maintaining its outlook for 2024 following a sharp rise in its Q3 results. The group has also announced the replacement of its head of commercial aircraft.
- AXA confident of growth in operating income.
- BNP Paribas achieves its profit forecasts thanks to its investment bank.
- Siemens AG is to buy Altair Engineering at USD 113 per share, a price tag of USD 10.6 billion.
- Shell exceeds expectations in the third quarter despite lower profits.
- Volkswagen proposes a 10% pay cut to cope with the crisis.
- Anheuser-Busch InBev reports a rise in third-quarter profits and is to buy back shares.
- Carlsberg’s third quarter sales are in line with expectations and the company maintains its profit forecasts.
- Haleon reports a marginal decline in third quarter sales.
- Smith & Nephew lowers its annual revenue forecast due to weakness in China.
- Coca-Cola bottler HBC raises its full-year guidance after beating third-quarter revenue growth.
- BBVA’s profits beat estimates.
- ING plans to buy back shares and pay a cash dividend of up to €2.5 billion, after a good Q3.
- AstraZeneca’s China boss placed under investigation.
- Zurich Insurance finalises its share buyback programme.
- Airesis is losing money because of Le Coq Sportif, which is looking for financing solutions.
- Samsung is reporting a weaker recovery in profits and is not benefiting from the AI boom.
- Toyota and NTT are to invest $3.3 billion in the development of an AI platform.
- Denso cuts its profit forecast for the year by 21%.
- BYD’s sales exceed Tesla’s for the first time.
- Nissan may team up with Renault on a new small electric vehicle for Europe.
- Honda Motor’s global production falls in September.
Today's top earnings reports: Apple, Amazon, MasterCard, Merck & Co, Linde, Uber Technologies, Comcast Corporation, Eaton, ConocoPhillips, Regeneron, Bristol-Myers Squibb, Intel Corporation, Southern Company, Cigna, Intercontinental Exchange, Altria Group, Samsung Electronics, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, China Life Insurance, BYD Company, Midea Group…Shell, TotalEnergies, Anheuser-Busch InBev, BNP Paribas, Intesa Sanpaolo, Stellantis, BBVA, ING Groep, Universal Music Group, CaixaBank, Haleon, ArgenX SE, DSM-Firmenich, Swisscom, Danske Bank, STMicroelectronics, AP Moller Maersk, Geberit, Société Générale, Erste Group, Prysmian, Carlsberg, Repsol, Coca-Cola Hellenic, Smith & Nephew, Knorr-Bremse, Sopra Steria, TF1.