Earnings
Jefferies delivered record investment banking and equities results, but weaker fixed-income trading and asset management tempered the quarter. The divergence offers an early look at the forces shaping Wall Street earnings.
Earnings
CarMax delivered a stronger fiscal second quarter as used-vehicle sales accelerated, earnings exceeded expectations and operating efficiency improved. Management also plans to restart share repurchases, adding another sign of confidence in its turnaround.
Innovation & Tech
Anthropic’s IPO prospectus pairs explosive revenue growth with enormous infrastructure commitments, mounting safety concerns and a potential $2 trillion valuation, offering investors a rare look inside the economics of the AI industry.
Innovation & Tech
Nvidia authorized an additional $150 billion in share repurchases, lifting its remaining buyback capacity to $235 billion. Shares rose nearly 3% as the AI chip leader paired its record capital-return plan with a new platform focused on AI agent safety.
Business Trends
MongoDB shares plunged about 20% after CEO CJ Desai abruptly left to lead Meta’s new Enterprise Platform. The departure, one day before MongoDB’s Investor Day, shifted attention from improving business momentum to leadership and execution risk.
Earnings
Nike reports fiscal first-quarter 2027 results on Oct. 1 after the close, with analysts watching weak demand, promotions, China and wholesale trends for signs that its turnaround is stabilizing—or slipping further behind.
Cryptocurrencies
Circle Internet Group shares fell after CFO Jeremy Fox-Geen announced plans to step down, putting leadership continuity in focus even as a new Volante Technologies collaboration opens another path for USDC adoption across bank payment systems.
Innovation & Tech
Robotaxi deployment is moving from testing toward commercial scale as Waymo expands across U.S. cities and targets Tokyo, Tesla enters Las Vegas, and Zoox builds its footprint. The shift is increasing competitive pressure across autonomous driving and ride-hailing.
Innovation & Tech
AI dominated the week, but the broader market told a more complex story as investors weighed infrastructure spending, monetization, earnings quality, restructuring, trade, crypto, energy and borrowing costs.
Innovation & Tech
Akamai’s $11.6 billion, seven-year agreement with Anthropic sharply expands its cloud infrastructure business, with the potential commitment reaching roughly $20 billion as AI demand drives greater need for computing capacity.
Earnings
Costco's fiscal fourth quarter topped earnings and revenue expectations as comparable sales and digital demand remained strong. Slower paid-membership growth and higher costs remain areas to watch as the retailer prepares a $7.5 billion fiscal 2027 capital program.
Innovation & Tech
Broadcom and Marvell are expanding through custom AI silicon while Nvidia and AMD compete in accelerated computing, showing how hyperscaler spending is creating increasingly distinct opportunities across the semiconductor market.