Industry
Samsung Posts Record KRW 107.4 Trillion Quarterly Operating Profit on AI Chip Surge
Samsung's semiconductor arm drove a record KRW 107.4 trillion quarterly operating profit as AI-related memory and foundry demand surged.
Finance
Markets, economy, and industry.
-
Industry
EQT to Buy Range Resources in All-Stock Deal, Creating Major Appalachian Gas Producer
EQT will acquire Range Resources in an all-stock merger announced Oct. 26, creating one of the U.S.'s largest Appalachian gas producers.
-
Economy
Fed Holds Rates at 3.75%–4.00%; Two Officials Push for Another Hike
Fed holds benchmark rate at 3.75%–4.00% on Oct. 28; two FOMC members dissented, urging a quarter-point increase as inflation remains elevated.
-
Economy
Bank of Canada to Host Gita Gopinath as Ottawa Drafts Rules for Fiat-Backed Stablecoins
Harvard economist Gita Gopinath will lecture in Ottawa as Canada publishes draft rules that would make the Bank of Canada supervisor for fiat-backed stablecoins.
-
Industry
Japan’s FSA highlights Basel Committee guidance on AML data collection and AI transaction monitoring
Japan’s FSA flags Basel Committee newsletter urging structured AML risk data across jurisdictions and closer oversight of AI in transaction monitoring.
-
Industry
U.S. Steel Board Approves Nearly $3 Billion Hot‑Strip Mill at Braddock's Edgar Thomson Plant
U.S. Steel’s board approved full funding for a nearly $3 billion hot‑strip mill at Edgar Thomson in Braddock, Pa., with initial production targeted in late 2029.
-
Industry
Boeing narrows Q3 loss, posts positive cash flow and record $745B backlog as 737 certifications arrive
Boeing narrowed its Q3 loss to $116M on $24.2B revenue, posted positive operating cash flow and a record $745B backlog as 737 certifications and a Navy fighter award signaled progress.
-
Financial Markets
Historic Selloff Hits Brazil's Markets After Lula Re-election
Brazil's Ibovespa plunged 13.88% after Lula's re-election; B3 halted trading, the real tumbled and authorities intervened to steady markets.
-
Economy
CBO: U.S. Federal Net Saving Projected at -$1.8 Trillion in 2026, Worsening to -$3.0 Trillion by 2036
CBO converts its Feb. 2026 budget baseline into national accounts, finding U.S. federal net saving at -$1.8T in 2026 and -$3.0T by 2036.
-
Industry
FCA: UK defence SMEs hit by slow bank onboarding, not blanket account closures
FCA review finds small defence suppliers face long onboarding, repeated information requests and slow decisions — not widespread account closures.
-
Financial Markets
SEC’s Fiscal 2027 Exam Priorities Spotlight ‘Super Intelligence,’ Tokenization and Treasury Reforms
The SEC’s fiscal 2027 exam roadmap flags advisers’ duties and broker-dealer controls — and adds scrutiny on “super intelligence,” tokenization and Treasury clearing reforms.
-
Financial Markets
FCA warns private-market firms over patchy conflict controls after Oct. 23 review
The FCA warns private-market firms show uneven conflict-of-interest controls as the sector grows, urging stronger governance after a multi-firm review.
-
Financial Markets
Basel Committee Tightens G‑SIB Measurements to Curb 'Window Dressing', Raises Disclosure Cutoff
Basel finalizes anti‑‘window dressing’ changes to G‑SIB scoring, raises disclosure threshold to €350bn and phases in higher‑frequency reporting through 2030.
-
Economy
Bank of Japan Says Banking System Resilient but Flags Rising Asset Prices and AI-Linked Risks
BOJ’s Oct. 2026 Financial System Report finds banks can withstand severe shocks but urges careful monitoring of stocks, Tokyo real estate and AI risks.
-
Industry
Pentagon, Lockheed Agree on 10-Year F-35 Production and Sustainment Framework
Pentagon and Lockheed Martin outline a 10-year F-35 production and sustainment plan committing to at least 850 U.S. jets; purchases still need congressional approval.
-
Industry
Google expands PJM virtual power plant with Voltus to 1 GW, up from 100 MW
Google expands its virtual power plant with Voltus to 1 GW across the PJM grid, up from a 100 MW deal, using distributed resources to add capacity.
-
Industry
OCC Finds Policies at Nine Biggest Banks Could Lead to Debanking, Proposes Supervisory Changes
OCC review says nine top national banks had policies from 2020–Sept. 30, 2025 that could prompt denials for political, religious or lawful business reasons.
-
Economy
South Africa’s debt begins to fall; finance minister trims growth forecast and announces temporary fuel‑levy relief
South Africa’s 2026 midyear budget update says gross debt has stabilised and is now falling, trims next-year growth and unveils temporary fuel‑levy relief.
-
Industry
FCA signals near-term update to simplified pension and investment advice rules
The FCA says updated simplified-advice rules will be published soon to make pensions and investment help cheaper and more accessible.
-
Financial Markets
More than 30 central banks express interest as ECB begins EUREP onboarding
The ECB has started onboarding non-euro central banks to its enhanced EUREP repo backstop; more than 30 have shown interest as access is set for Q4 2026.