Economy

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Economy

Bunge reports stronger oilseed earnings and maintains annual outlook

Bunge reported third-quarter adjusted diluted earnings of US$2.56 per share on 29 October, compared with US$2.27 a year earlier and the US$2.44 LSEG analyst average reported by Reuters. It maintained its 2026 adjusted earnings forecast of US$9.25–9.75 per share.

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Economy

Canada commits up to C$1.6 billion to Cohere equity investment

Canada committed on 29 October to an equity investment of up to C$1.6 billion in Cohere. The AI company announced an initial close of a Series E round targeting up to C$7 billion, at a proposed C$35.7 billion valuation. The government investment will be made in stages.

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Economy

Walmart commits about US$6 billion to expanded Symbotic automation deal

Walmart and Symbotic announced an expanded automation agreement on 29 October with an initial spending commitment of about US$6 billion. The companies plan additional capabilities at 25 US regional distribution centres, with work spread over several years.

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Economy · Developing

Intel closes 28.6% lower as Nasdaq falls 2.9%

Intel shares closed 28.6% lower on October 30 following its weak fourth-quarter outlook, while the Nasdaq Composite fell 2.9% to 25,437.00. Completed-session reporting now establishes the broader market decline. The figures concern Friday's US trading session, not new weekend trading.

2 min

Economy

Starbucks forecasts lower annual revenue despite stronger US sales

Starbucks reported 7.2% global comparable-sales growth for its fiscal fourth quarter, but consolidated revenue fell 4% to US$9.1 billion following its China restructuring. Its 29 October release forecasts another revenue decline in fiscal 2027, despite growth in North American comparable sales.

2 min

Economy · Developing

Finland opens criminal investigation into Google's data-centre site work

Finnish police opened a criminal investigation on 29 October into suspected environmental-law breaches at a planned Google data-centre site near Muhos. Preparatory work at Muhos and another Finnish site had already been stopped pending environmental assessments.

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Economy

Monsanto wins first Roundup trial since Supreme Court ruling

A St. Louis jury unanimously ruled for Bayer's Monsanto on 29 October in a Roundup cancer case brought by three women. It was the first trial since the US Supreme Court restricted failure-to-warn claims in June. A separate US$7.25 billion settlement proposal still awaits approval.

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Economy

Sandisk reports US$11 billion revenue and eight-for-one stock split

Sandisk reported fiscal first-quarter revenue of US$11.031 billion on 29 October, up 378% from a year earlier, and announced an eight-for-one stock split. It forecast higher revenue for the next quarter. All reported earnings-per-share figures are before the split.

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Economy

India forecasts 7.3% fiscal-year growth and flags energy-price risks

India's Finance Ministry expects 7.3% growth in the financial year ending March 2027, according to its October review released on 29 October. It cited resilient domestic demand and investment while warning that oil prices, shipping disruption and food pressures threaten price stability.

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Economy

Rivian expands Volkswagen venture to include AI-assistant licensing

Rivian disclosed on 29 October that its Volkswagen Group venture now includes licensing parts of its AI voice-assistant technology. The announcement expands the existing software partnership; it does not identify a Volkswagen launch model or availability date.

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Economy · Developing

Petrobras reports third oil discovery at Morpho well off Brazil

Petrobras said on 29 October that it completed drilling and geological data collection at the Morpho well after finding a third oil-bearing interval. The well is in the Foz do Amazonas Basin off Amapá. The announcement does not establish commercial reserves or a production start.

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Economy

Caterpillar shares fall 9.25% after quarterly results

Caterpillar’s NYSE common shares closed at US$647.39 on 29 October, down 9.25% from the previous regular-session close of US$713.38. It reported a 17% rise in quarterly revenue while retaining its annual revenue-growth forecast.

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Economy

Amazon reports $201.9 billion sales and $42.4 billion annual cash outflow

Amazon reported third-quarter sales of $201.9 billion and diluted earnings of $1.89 per share on 29 October. It also reported a $42.4 billion free-cash outflow over the preceding 12 months, primarily reflecting increased investment in property and equipment for AI. Shares fell in extended trading, Reuters reported.

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Economy

Xerox suspends dividends and cuts annual income forecast

Xerox suspended common and preferred dividends and cut its 2026 adjusted operating-income forecast on 29 October. It now expects $450 million–$475 million, compared with $555 million–$605 million previously.

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Economy · Developing

DoorDash agrees to acquire Instacart in $17 billion deal

DoorDash and Instacart announced a definitive acquisition agreement on 29 October valuing Instacart’s equity at about US$17 billion. Completion is expected at the end of 2027 or in the first half of 2028, subject to approvals.

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Economy

US PCE inflation rises to 3.6% as real spending stalls

US consumer prices measured by the PCE index rose 3.6% over the year to September, up from 3.4% in August. The 29 October release showed nominal spending rising while inflation-adjusted spending increased by less than 0.1%.

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Economy

US economy grew at 3.4% annualized rate in third quarter

The US economy grew at a 3.4% annualized rate in the third quarter, the Bureau of Economic Analysis said on 29 October. Growth accelerated from 2.2% in the second quarter. This advance estimate is subject to revision.

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Economy

South Africa’s rebasing raises the measured size of its economy

South Africa’s statistics agency released revised GDP estimates on 29 October. Reuters reported that 2025 nominal GDP is now estimated at R8.04 trillion, up from R7.64 trillion. The revision reflects improved measurement, rather than a sudden increase in production.

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Economy

Merck raises outlook after quarterly sales beat forecasts

Merck & Co. raised its 2026 sales and adjusted earnings forecasts on 29 October. Third-quarter sales were US$18.085 billion, up 5% and above the US$17.3 billion LSEG analyst consensus reported by Reuters.

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Economy

Henkel raises sales forecast and narrows profit outlook

Henkel raised its 2026 organic sales-growth forecast to 3–4% from 1.5–3.5% on 29 October. Preliminary third-quarter organic growth was 6.5%, against a 4.1% Vara Research consensus reported by Reuters.

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Economy

TotalEnergies reports US$9.1 billion adjusted quarterly earnings

TotalEnergies reported third-quarter adjusted net income attributable to shareholders of US$9.1 billion on 29 October, up 51% from the preceding quarter. Reuters said the result exceeded the US$8.3 billion average in an LSEG poll of 12 analysts.

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Economy

Alphabet shares fall 12.6% after reported earnings and revenue misses

Alphabet reported $127.58 billion in third-quarter revenue and $2.12 diluted GAAP EPS. AP cited FactSet revenue expectations of $127.97 billion and described an earnings miss; its cited EPS estimates of about $3.01 are not confirmed to use a matching GAAP basis. Reuters reported Alphabet shares fell 12.6% in the 29 October regular session; that close is separate from the prior evening's after-hours move.

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Economy

Fortinet shares fall 20% after service-revenue forecast cut

Fortinet’s Nasdaq common shares closed at US$139.10 on 29 October, down 20.09% from the previous regular-session close of US$174.08. The company had lowered its annual service-revenue forecast while raising its total revenue outlook.

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Economy

ServiceNow shares fall nearly 27% after quarterly results

ServiceNow’s NYSE common shares closed at US$109.67 on 29 October, down 26.95% from the previous regular-session close of US$150.13. The fall followed its 28 October results, which showed adjusted EPS of US$1.00 against MarketBeat’s US$1.02 estimate.

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