C

CNBC

October 2026

Pilot killed in attacks by Iran-backed Houthis on Riyadh airport; Saudi-led coalition vows 'firm' response

On the Iranian side, Foreign Minister Abbas Araghchi said they were reviewing a US proposal and would respond to it in the next few days, according to Iran's Tasnim news agency,
Turki al-Malikicolonel
Houthi attacks on civilians and civilian infrastructure will be met with a firm response,

Stock futures rise as tech shares rebound following sell-off: Live updates

The sell-off reflected extreme positioning imbalances that have further to unwind in our view, which is why the whole AI-linked tech stock complex is unlikely to simply stage a sharp, V-shaped rebound,
When it comes to AI, the main issue isn't the gross vs. net issue with [annualized recurring revenue] but instead: 1) the fact that the standalone frontier labs are increasingly unattractive businesses... and 2) growing signs that markets are pushing back on the tidal wave of AI-linked debt and equity being thrown at them,

Nobel winner Krugman says France may have become 'too big to save'

France is caught between angry students and unforgiving bond markets

Jean-Claude Trichetfriday, former ECB chief
The ball is in the camp of the French government and parliament, and they have hard work to do."
Paul Krugmaneconomist
France's reliance on the euro means that it's all too easy to see how this loss of confidence could turn into an ugly crisis... We saw this movie in 2009-2012, first in Greece, then in Portugal, Spain and Italy,
Of course, if there is destabilization, the instruments are very numerous and proved in the past to be very effective. And I have known, of course, such a period in my own time,
France may have crossed the line from too big to fail to too big to save. In short, it's all too easy to describe a really ugly scenario for a French crisis that would be extremely divisive within Europe,
Of course, you have to get the country convincing itself that it goes in the right direction. That goes without saying. It is the conviction, if I understand well, of the governor of Banque de France and of the French government,
I call on them, of course, to be as, I would say, effective in their discussion as possible and prove that they can deliver something which would be credible. That, of course, is one of the conditions to activate TPI,

Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong

Delta on Friday forecast full-year earnings per share of between $5.10 and $5.60 on an adjusted basis, compared with its outlook in July, when fuel prices were lower, of $6.50 to $7.50 a share

Ed BastiancEO
Obviously the fuel pricing, the volatility of fuel prices have something to do with that,
The consumer response continues to be quite strong. We're seeing it across all channels, all cabins of service, all geographies, business, leisure,

India calls JD Vance's comments about immigrants 'deeply offensive'

India called comments by U.S. Vice President J.D. Vance about immigrants from the country "deeply offensive" in an official government statement published on Friday

Such descriptions are unwarranted and ignore the fact that Indian professionals in the United States are highly educated and skilled contributors to its economy and innovation ecosystem,
Talent mobility adds value to both economies,

OpenAI defends decision to fire researchers: 'These decisions were not about raising safety concerns or speaking out'

The three researchers who were let go from the company raised safety concerns in a letter addressed to OpenAI board members and its safety committees, which they posted on X on Thursday

We have become concerned that internal and external communications around our firing have made our former colleagues afraid to speak and operate in way that, until last week, were an integral part of working at OpenAI,

New York City man shot in car with child present by ICE agents, mayor says

During the incident, an ICE officer discharged his weapon and the criminal illegal alien was injured,
Zohran Mamdanimayor
Early reports indicate agents surrounded (the man) and a 5-year-old child in his car before firing multiple rounds,
Zohran Mamdanimayor
I have been on the phone with President Trump and (Homeland Security) Secretary Mullin, negotiating the release of the man ICE agents shot. Those negotiations were unsuccessful,
There were a lot of ICE officers, three or four cars,
Zohran Mamdanimayor
These actions are making the city less safe,

'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls

Is Ambani the real boss of India?"
Rahul Gandhicongress leader
Wait till you meet the other one,

Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility

Firmus will now pursue capital from the private markets and consider alternative public and private market options,
The board therefore concluded that proceeding with the offer was not in the best interests of the company and its shareholders,

U.S. East Asian envoy says investors are overpricing Taiwan conflict risk

Both China and the U.S. don't want conflict, and we're able to deter conflict,
I actually think the most mispricing is with regard to Taiwan, where actually I think people are overpricing the risk of something happening across the Taiwan Strait,

Friday's big stock stories: What’s likely to move the market in the next trading session

Jim Cramerpop
You can do a lot worse than buying Pepsi down here."
Jim Cramerpop
There's nothing wrong with Pepsi's sales. Some of that raise was due to the company's price cutting."... CEO Ramon Laguarta is doing many things the right way."

SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile

SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market

This adds fuel to the fire in the battle between SpaceX and the mobile operators,
This prime low-band spectrum addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US,

Why a Starbucks takeover of Chipotle would — and wouldn't — make sense for both companies

Pete SalehbTIG analyst
Starbucks is still executing its turnaround strategy, and acquiring Chipotle could consume significant senior management time on financing, integration, organizational design, systems, and personnel,

U.S. suspends Microsoft, Adobe from green card labor program in foreign worker crackdown

JD Vanceu.S. Vice President
So we're going to continue to support Microsoft and have a great relationship with Microsoft, but we're also going to deny them the ability to apply for these permanent residencies until they show that they are going to get serious about putting American workers first,
Since 2009, just these companies alone have requested almost 3 million foreign workers. They've received over 230,000 H-1B visas approvals and over 100,000 permanent labor certifications. That's hundreds of thousands of jobs that were taken from American workers,
JD Vanceu.S. Vice President
It's one thing if you want to bring in a person like Elon Musk,
Of the approximately 6,000 H-1B visa applications we submitted in the last fiscal year, 80% percent were to extend or change the status of existing Microsoft employees,

Trump says U.S. will not attack Iran before midterm election

Donald Trumppresident
We will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd,

Skydance's David Ellison tells CNBC combined company is 'positioned to win in every single vertical'

Discovery officially closed — that the combined company is "positioned to win in every single vertical that we operate in."

Ynon Kreizco-CEO
We have a unique opportunity to build the next generation media and entertainment global company that is powered by creativity and technology,
Ynon Kreizco-CEO
We'll look to keep the businesses run in parallel with independent editorial operation,
Ynon Kreizco-CEO
This is not about a few days of share trading, or even managing synergies for three years. We're building a company for future generations,
David Ellisonskydance CEO
There are absolutely operational efficiencies,
David Ellisonskydance CEO
Corporate stays out of editorial."
David Ellisonskydance CEO
By combining Paramount and Warner Bros, we have the greatest content engine,

Rising yields and oil are taking a toll on stocks, but Wall Street finds ways to mute the alarm

The stock market is back at all-time highs, a baffling ascent to many given just how much macroeconomic conditions have deteriorated lately — namely, in the rising price of oil and climbing Treasury yields

Brent crude tops $105, oil gains as Middle East hostilities and potential escalation stoke supply worries

Looking ahead, crude is likely to remain tied to the security of Gulf export routes and infrastructure,
Any escalation affecting traffic through Hormuz or Saudi energy infrastructure would threaten physical supply and could lift prices further,

Russia's internet giant Yandex halts operations at major data center after drone attack

Russian internet giant Yandex suspended operations at one of its key data centers on Thursday after a drone strike as Ukraine continues to target the country's infrastructure

There are no casualties, and emergency services are on site dealing with the aftermath,