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Good morning. |
The Fast Five → Fed’s Williams: No need for rate hike in 2027, BofA hit with $1.2 billion penalty, US house sales drop to 12-year lows, JPMorgan posts rare profit miss, and the Iran war is costing American households $2,000… |
📌 Act on Musk's prediction before November 11. He says 99% of compute will go to THIS →
(from Brownstone Research) |
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Calendar: Full Calendar » |
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Tomorrow:
Price Price Index, 8:30A
Retail Sales m/m, 8:30A
Unemployment Claims, 8:30A
Fed Chair Warsh Speaks, 11:30P
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Your 5-minute briefing for Wednesday, October 14: |
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BEFORE THE OPEN |
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As of market close 10/13/2026. |
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Pre-Market: |
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Market Wrap: |
Futures: S&P -0.03%, Nasdaq -0.1% Tue: S&P and Nasdaq fell for a second day Chip stocks slid for a sixth straight session Strong bank earnings failed to lift stocks Semiconductor earnings growth projected at 130% September CPI expected at 3.6%, up from 3.4% Focus shifts to CPI, bank earnings, and ASML
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"Elon Musk's One Stock Retirement Plan" |
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Legendary investor Stanley Druckenmiller once said: |
“You don't get rich by diversifying into 50 mediocre assets. You get rich by finding two or three asymmetric home runs.” |
Jeff Brown just found this NEW asymmetric home run he calls “Elon Musk’s One Stock Retirement Plan.” (Go here for details.) |
- A sponsored message from Brownstone Research - |
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The New York Fed President still sees one more interest-rate hike as appropriate this year. |
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Regulators fined Bank of America more than $1.2 billion on Tuesday, the third-largest fine in the Treasury Department's history. |
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Dow, S&P 500, Nasdaq slip as chip stocks fall, earnings roll in (more) Fund managers won’t dump stocks for bonds until yields hit 5.9% (more) Wall Street sees inflation easing even with oil above $90 (more) Trump’s Russia diesel deal equals less than two weeks of US demand (more) Saudi Arabia becomes the oil market’s biggest wild card (more) The Iran war is costing American households $2,000 each (more) Dollar slips from 18-mo high as oil prices fall, inflation data in focus (more) Wall Street banks see pockets of weakness due to market turmoil (more) JPMorgan posts rare profit miss as deals, bond trading lose momentum (more) Goldman beats quarterly profit estimates on equities strength (more) Wells Fargo beats profit estimates, but interest income, rev fall short (more) Citigroup cautious on stocks as market exuberance flashes warning signs (more) SpaceX stock slammed as AI memory trade crumbles in South Korea (more) Microsoft reports $130B in data center leases (more) Google launches flagship AI model Gemini 4 Argon for devs, businesses (more) Disney strikes $20M deal for Character.ai’s assets in bankruptcy (more) Kroger to lay off 3,000 corporate employees as it leans into AI (more) Bumble swipes right on $1.3B go-private deal amid dating industry reset (more)
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M+A | Investments |
AT&T sells Mexico unit to Televisa for $2B Bumble to delist in $1.3B deal with Ithaca Holdings Grafine Partners, Atlantic Ridge to acquire Paragon Films for about $900M Shell to sell its Nigeria gas business to Vaaris Energy BlackRock replaces WCAS in joint venture with Humana for senior clinics Reese Witherspoon buys back production firm with Mediawan Zealand Pharma, Generate strike AI obesity drug deal worth up to $1.2B Roche strikes licensing deal for $1.16B with Chinese Rona Therapeutics GreenVest receives investment from Godspeed Capital
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VC |
Soufflé Therapeutics, a biotech provider of an RNA therapy platform, raised $135M in Series B funding Mistlabs, a cross-platform ambient intelligence technologies, raised $26M in Pre-A funding Brellium, an AI-powered clinical compliance platform, raised $23M in venture funding Switched Source, a developer of grid-enhancing distribution automation technologies, raised over $17M in funding Sensydia, a medical tech company advancing non-invasive cardiac assessment, raised over $6M in closing of new financing Dapta, an AI sales agent platform for small and medium-sized businesses, raised $6M in Seed funding Loops, AI-powered e-commerce management tools, raised $3.5M in Seed funding Intellivisa, an AI clearance engine for international travel, raised $3M in Pre-Seed funding Subeca, a provider of hardware and software solutions for utility metering, raised approximately $3M in Series A-2 funding Sharp Biomedical, a provider of toolsets and implants for spinal care, raised Pre-Seed funding in undisclosed amount
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Bitcoin trading near $83,000 ahead of key US inflation data (more) South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin (more)
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*sponsored message |
Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. |
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