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The Daily Briefing · Monday, October 26, 2026
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Brazil ADRs Crash After Lula Wins Fourth Term
Brazilian ADRs plunged premarket Monday after Lula won a fourth term with 51.8% of the vote; Petrobras fell about 21%, Itaú about 26% and Ambev about 19%.
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Also today
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EQT to Buy Range Resources in $13B All, Stock Gas Deal
EQT will buy Range Resources in an all, stock deal that creates a US natural gas producer worth over $50 billion; Range shares jumped about 16% Monday.
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Anthropic IPO Filing: ANT Nasdaq Listing Lifts AI Stocks
Anthropic's public S, 1 shows $16.3B in first, half revenue and an $80.7B net loss, and Nvidia, Broadcom and Micron rallied as the ANT listing came into view.
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Lockheed Martin Q3 2026: Stock Jumps 9% on Record Backlog
Lockheed Martin (LMT) beat third, quarter estimates, reached a record $292 billion backlog and raised its 2026 outlook, sending shares up about 9% and lifting defense peers.
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Russia Talks "In Principle," Then Strikes Kyiv Hard
Russia agreed in principle to resume three, way talks with Kyiv and Washington, then fired 21 ballistic missiles at Kyiv within hours, as Brent held near $114.
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More headlines
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RBA Hike Odds Top 60% for Nov. 3 After Inflation Warning
Markets price over a 60% chance the RBA lifts interest rates to 4.85% on Nov. 3, up from under 20% a week ago, after a deputy governor's inflation warning.
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10, Year Treasury Yield Falls Below 5% After 2002 High
The 10, year Treasury yield slid below 5% on Oct. 22 after peaking at 5.36%, as an AI, led stock sell, off drove investors into bonds and lowered interest rates.
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CoreWeave Stock Falls 30% in October on $50B Debt Fears
CoreWeave (CRWV) shares are down about 30% in October as a $50 billion debt load and bond yields above 15% raise doubts over AI infrastructure funding.
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Stock Market Today: Earnings, Fed and Midterms Collide
Microsoft, Alphabet and Amazon report as the Fed decides on rates Wednesday, with PCE data due Thursday and midterms on Nov. 3 shaping the stock market today.
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SPCX Q3 2026: SpaceX Revenue Jumps 161% to $14.6B
SpaceX (SPCX) beat Q3 2026 estimates with $14.6B in revenue, up 161%, but a tech sell, off left the stock up only about 1% for the week despite Musk's $1T target.
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Fed Rate Decision Oct. 28: Hold Now, Hike Priced In
The Federal Reserve is set to hold rates at 3.75%, 4.00% on Oct. 28, but oil near $117 and 3.7% inflation have futures pricing a December hike at about 70%.
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Brent Crude Hits $116.72, a Six, Month High, on Iran Fears
Brent crude settled at $116.72 a barrel, its highest close in six months, as Red Sea attacks and reported US, Israeli strike plans on Iran tightened oil supply fears.
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Market briefs
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Range Resources Stock Jumps 16% After EQT Takeover Deal
Range Resources (RRC) is getting a $54.91, a, share all, stock bid from EQT, a 20.6% premium to Friday's close.
RRC · EQT · 6 sources
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Anthropic Files for Nasdaq IPO With $16.3B in Half, Year Sales
Anthropic (ANT) posted an $80.7B net loss, mostly accounting charges, and plans to list the week of Nov. 16.
ANT:NASDAQ · 6 sources
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CoreWeave Stock Sinks 41% on AI Debt Worries
CoreWeave (CRWV) shares slid as AI, related borrowing quadrupled to nearly $500 billion, IO Fund says.
CRWV · ORCL · NVDA · 5 sources
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Tesla Stock Falls 2% After Cutting 2026 Capex Outlook
Tesla (TSLA) beat profit forecasts with $0.48 a share, but trimmed 2026 spending plans to about $20 billion.
TSLA · 6 sources
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From the startup desk
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Video of the day
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Commodities: The Mystery of Brent Crude
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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