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The Daily Briefing · Tuesday, October 27, 2026
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Hormuz Closed: Brent at $115 as IRGC Move Meets Tehran Talks
Iran's Revolutionary Guards declared the Strait of Hormuz closed on October 26 as Saudi, Turkish and Pakistani officials met in Tehran, holding Brent near $115 a barrel.
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Also today
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Coca, Cola, Boeing, UPS, Visa Earnings Open Big Week
Coca, Cola and UPS raised 2026 guidance while Boeing posted a wider core loss, as Visa reports after the close ahead of Microsoft and Alphabet on Wednesday.
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Celestica (CLS) Q3 2026: $40B 2027 Target Lifts Shares
Celestica (CLS) posted record Q3 2026 revenue of $5.83B, raised its 2026 outlook and set a $40B 2027 target, sending the AI infrastructure stock sharply higher.
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Ras Tanura Ablaze as Houthi Strikes Hold Brent Near $116
Houthi missiles and drones set Saudi Arabia's Ras Tanura hub ablaze, keeping Brent near $116 as Saudi, Iran talks offer only partial relief to oil markets.
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Fed Rate Hold Expected as December Hike Odds Hit 73%
The Fed is expected to hold the fed rate at 3.75%, 4% on Wednesday, but futures price a 73% chance of a December hike with the 10, year Treasury yield near 5%.
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More headlines
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CoreWeave, Nebius, IREN: Musk Warns of Neocloud Wipeout
Elon Musk says 200+ AI neoclouds face "guppy, level death" as debt markets close, pressuring CoreWeave, Nebius and IREN shares and CoreWeave bonds near 16%.
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AI Stocks Face Proof Test as MSFT, GOOGL, AMZN Report
Microsoft, Alphabet and Amazon report earnings on Oct. 28, 29 as investors look for proof that AI stocks' record capex is producing cloud revenue and profit growth.
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SpaceX's $40B Nvidia Chip Deal and Tesla Merger Review
SpaceX (SPCX) closed a record $40 billion GPU financing for Nvidia chips while its board and Tesla's weigh a merger, reshaping the AI stocks landscape.
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Meta Launches $35B Stock Sale, Nvidia and AMD Eye $5B
Meta (META) launched $35B of stock offerings and plans a $60B at, the, market program in 2027 to fund AI, with Nvidia, AMD and Broadcom eyeing up to $5B.
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China's Fifth Plenum 2026: Xi Presses Party Discipline
China's four, day Communist Party plenum opened with Xi Jinping pushing stricter discipline and an anti, corruption drive ahead of an expected fourth term.
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Tesla (TSLA) Jumps 5% on Barclays Upgrade, Latvia FSD Nod
Tesla shares rose about 5% to near $392 on Monday after Barclays upgraded TSLA to Overweight with a $450 target and Latvia became the 10th EU state to approve FSD.
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ECB Policy Rate Hold Seen as Five Central Banks Meet
The ECB is expected to hold its policy rate at 2.50% on Oct. 29 as five central banks meet, while the Bank of Japan signals a possible December hike.
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Market briefs
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From the startup desk
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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