This content is for informational and educational purposes only and does not constitute financial advice. Always do your own research. Not financial advice (NFA).
👀 Today’s Stories at a Glance
🛢️ Oil holds above $100: Trump ruled out Iran strikes before the midterms, and Brent fell only about 1% to $103 as Isaias shut Gulf output.
🤖 OpenAI’s smaller number: OpenAI’s annualised revenue is about $50 billion, $20 billion below earlier reports, and Nvidia, Broadcom and Micron fell.
🚀 SpaceX unlock day: Up to 328.4 million SpaceX shares become free to sell on Friday, after the stock fell 4.2% on Thursday.
☕ Starbucks eyes Chipotle: Starbucks explored a takeover of Chipotle, the FT reported, and Chipotle jumped about 6% to a $41 billion value.
🏦 The 30-year finds buyers: Treasury sold 30-year bonds at 5.62%, the highest auction yield since 2000, and demand beat the recent average.
💳 Airtel Money lists: Airtel Money began trading in London in the city’s biggest listing since 2021, priced at £1.96 for a £5.3 billion value.
🪙 Bitcoin funds sell again: US spot bitcoin ETFs lost $244.1 million on Thursday, taking outflows over 2 sessions to $729 million.
📈 McDonald’s bounces off support: Chart of the Day covers the $246.70 resistance, $260 and $290 above it, and the $220 to $230 support.
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