Business Trends
Paramount Skydance shares climbed after the company reached a settlement with California and other states challenging its Warner Bros. Discovery acquisition, removing a major legal obstacle while adding production, investment and other commitments to the deal.
Earnings
Nucor shares fell nearly 6% after third-quarter earnings guidance came in below Wall Street expectations. Higher steel selling prices are supporting its mills and products businesses, but rising costs and weaker raw-material results are limiting the near-term earnings benefit.
Business Trends
On Holding is entering soccer with Kylian Mbappé as a global ambassador and product partner, expanding beyond running and tennis while challenging longtime sponsor Nike. The move comes as both ONON and NKE stocks remain sharply lower in 2026.
Cryptocurrencies
Bitcoin surged above $80,000 as traders returned to risk assets despite this week’s rate hike and the CLARITY Act setback. Coinbase, Strategy and Circle rallied alongside crypto as attention shifted toward regulatory action and tokenization.
Business Trends
Netflix fell more than 4% after Wells Fargo downgraded the stock, citing weaker engagement and a softer second-half content slate. The firm expects viewership to decline year over year, putting renewed focus on Netflix’s ability to generate breakout original programming.
Business Trends
Warren Buffett is stepping down as Berkshire Hathaway chairman, with Howard Buffett taking the role and Greg Abel remaining CEO. The change completes another major stage of Berkshire’s long-planned succession.
Business Trends
Nike’s appointment of LVMH executive Alexandre Arnault adds brand-building and digital experience to its board as the company works through weaker sales trends, channel challenges and an extended decline in NKE stock.
Innovation & Tech
Nebius is raising on-demand prices for Nvidia GPUs and AMD CPUs beginning Oct. 1. Shares jumped as much as 11% before trimming gains, as higher rental rates put the spotlight on demand for AI computing capacity.
Macro
Stocks rebounded after the Fed-driven selloff as oil prices and Treasury yields retreated. Technology and semiconductor shares led the advance, pushing the Nasdaq up about 1.5% and the S&P 500 roughly 1% by late morning.
Business Trends
Generac surged after signing a long-term Amazon generator agreement tied to as much as $8 billion in payments. Initial deliveries are expected to total $2.4 billion across 2027 and 2028, expanding Generac’s exposure to data-center power infrastructure.
Macro
The Federal Reserve raised rates by 25 basis points to 3.75%–4%, citing persistent inflation despite a solid economy. Stocks reversed earlier gains as Chair Kevin Warsh emphasized price stability and Fed projections pointed to another possible increase this year.
Innovation & Tech
Lumentum and Semtech led a broad rally in optical networking stocks as investors returned to the AI infrastructure theme. The move extended across component, materials, cable and manufacturing suppliers tied to faster data-center connectivity.