Important News
1. The US government shutdown entered its 22nd day, the second-longest on record.
2. Goldman Sachs' chief economist: Market forecasts for US GDP are overly optimistic.
3. The Federal Reserve proposed a plan to significantly ease capital requirements for large banks.
4. JPMorgan Chase strategists expect S&P 500 earnings to grow by about 12% in the third quarter.
Individual Stock News
1. Barclays (BCS.N) increased its auto financing provisions and announced a buyback program.
2. Market News: Apple (AAPL.O) significantly cut iPhone Air production orders.
3. Market News: Apple (AAPL.O) faced an antitrust complaint from the EU over its App Store terms.
4. Beyond Meat (BYND.O) shares surged over 90% in pre-market trading, bringing its total share price up approximately 600% in three days.
5. Teck Resources (TECK.N) reported a near 20% increase in Q3 earnings, exceeding expectations, thanks to rising copper and zinc prices. 6. Uber (UBER.N) is expanding its autonomous driving efforts, investing $375 million in Avride in partnership with Nebius.
7. Tesla (TSLA.O) will release its third-quarter earnings report after the US market closes on Wednesday, with revenue expected to exceed $26 billion.
8. AT&T (T.N) added 405,000 new monthly wireless subscribers in the third quarter, exceeding market expectations of 334,100.
9. Alector (ALEC.O) fell over 50% in pre-market trading after its drug, developed in partnership with GlaxoSmithKline (GSK.US), failed to slow the progression of dementia.
10. Samsung and Alphabet (GOOG.O) jointly launched the Galaxy XR smart headset, priced at half the price of Apple's Vision Pro.
