Travelers Reports Q3 Earnings Today With EPS Seen at $7.25
Travelers (TRV) and Truist (TFC) report before the open, with Travelers seen at $11.3B in revenue.
Daily Digest
Daily Digest
Travelers (TRV) and Truist (TFC) report before the open, with Travelers seen at $11.3B in revenue.
Alcoa (AA) posted adjusted profit of $1.82 a share, beating forecasts, but $3.7B in sales missed estimates.

They Said Buy tracks stock calls from YouTube creators, pairing exact quotes and links to the precise video moment with what happened to the share price afterward. Revisit the original statement, see the outcome, and put memorable predictions in context.

Tesla unveiled its long-delayed Roadster with SpaceX gas thrusters as TSLA slides toward Oct. 21 Q3 earnings and an NHTSA robotaxi probe clouds the outlook.

Interactive Brokers (IBKR) and J.B. Hunt (JBHT) missed Wall Street profit forecasts, but both beat on sales.
The Democratic Republic of Congo produces roughly 70% of the world's cobalt - and no other critical commodity is so dependent on a single nation. A short walkthrough of why cobalt became essential to EV battery cathodes, how the market swung from $8 to $25 per pound and back to $6 in just two years, why LFP batteries are threatening to bypass it entirely, and what a 5% recycling rate means for long-term supply security.

Netflix (NFLX) is cutting about 1,000 jobs, or 6% of its workforce, its largest layoff since 2022, less than a week before third-quarter earnings on Oct. 20.
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The Trump administration is weighing sanctions relief for shadow fleet tankers to curb record freight rates, days after a Russian diesel sanctions waiver.

Zenzap (Israeli-founded) emerged from stealth with $44M total funding, including a $33M Series A co-led by Bessemer and Lightspeed, for AI agents inside team chats.

Nike (NKE) stock gained as Lululemon rose 4% and Home Depot and Macy's climbed, with money leaving AI shares.

The IEA will release over 20 million barrels of emergency diesel and speed up March's record stock draw, but the volume covers under one day of global demand.
Côte d'Ivoire and Ghana grow over 60% of the world's cocoa - and a single disease outbreak can wipe out 20–30% of a harvest. A short walkthrough of why cocoa demand is almost entirely tied to chocolate, how slow-maturing cacao trees make supply painfully inelastic, why farmers receive only 10–20% of the final chocolate price, and what climate change and farmer abandonment mean for long-term supply.

Brent (BZ=F) is at $105.51 and WTI at $97.43 as traders weigh weaker IEA demand against Hormuz attacks.

Ukraine struck Rosneft's Ryazan refinery after a three-day pause, as Zelenskiy said "we're done" and called the US withdrawal of intelligence sharing dangerous.
The $30B-per-side tariff-cut framework is still a list-building exercise. The first visible result is Chinese state buying of US soybeans, which were left off Beijing's tariff-cut list.
Intuit (INTU) shares reach $330 as it buys AI billing firm Sequence to boost QuickBooks and Enterprise Suite.

CoreWeave stock rebounded about 6% Thursday after a 15% Wednesday plunge, as Nvidia's Jensen Huang ruled out a backstop and credit swaps hit a record.

Pluto Security (Israel) emerged from stealth with $42M ($8.5M seed led by TLV Partners and a $34M Series A led by Jump Capital) to secure AI tools that employees build.
Salesforce (CRM) and Campbell's gained as the chip fund SMH headed for an eighth straight losing day

Alcoa (AA) rose about 2% after hours on Q3 adjusted EPS of $1.82 versus $1.47 expected, while Interactive Brokers and J.B. Hunt slipped 1-2% on Oct. 15.

Wall Street's Dow industrials average rose 1.08% on Thursday as investors rotated out of AI and chip stocks after hot CPI and PPI inflation readings.
Varonis (VRNS) agreed to a $49.75-a-share cash sale to Proofpoint, a 52% premium to its pre-rumor price.
FMC (FMC) expects a Q3 adjusted EBITDA loss of $510M–$565M as it cuts prices to clear distributor inventory.
Over 2 billion people drink coffee every day - and the entire supply chain rests on a handful of frost-prone growing regions and 20 million small farmers receiving 5–10% of the retail price. A short walkthrough of Arabica vs Robusta, why a single Brazilian frost can cut the following year's supply by 20–30%, how the 3–4 year tree maturity cycle creates boom-bust pricing, and what climate change means for Colombia, Kenya, and Ethiopia.

Charles Schwab posted record Q3 2026 revenue of $7.2 billion and $190 billion in new client assets, but SCHW shares fell after guidance pointed to the low end of ranges.

Cohere signed a letter of intent to acquire AISLE, a San Francisco AI cybersecurity startup.

Prime Intellect acquired Moondream, a Seattle vision-AI startup founded by AWS veterans.

Salience Labs (UK) raised $125M to link thousands of GPUs with light using photonic chips.

Rabot Energy (Germany) raised a $50M Series B to turn home batteries into a virtual power plant.

Nous Research (US) raised $90M for open-source AI for enterprises.
Commodity index funds let you own a diversified slice of raw materials - oil, metals, agriculture - without ever touching a futures contract yourself. A short walkthrough of how funds like the S&P GSCI and Bloomberg Commodity Index work, why roll drag silently erodes 2–5% of returns annually in contango markets, the difference between ETFs and mutual fund structures, and what energy-heavy weightings mean for what you're actually buying.

Ericsson (ERIC-B.ST) beat sales forecasts at SEK 59.5B but warned of flat demand and higher costs in 2027.

Character.AI filed for Chapter 11 on Oct. 12 with Disney opening bidding at $20M for a perpetual IP license; the platform winds down if no buyer emerges.

Multiply Labs (US) raised $75M for robotic biomanufacturing.

Thoma Bravo-backed Proofpoint will pay $49.75 a share for cybersecurity firm Varonis, a 52% premium to its pre-rumor price, with closing expected in the first half of 2027.

The Dow (^DJI) rose to 52,178 and smaller firms gained 1.4%, while the Nasdaq barely moved as money left tech.
The shape of a commodity's futures curve tells you almost everything about the current state of the market. A short walkthrough of contango and backwardation, the convenience yield that explains why physical holders accept lower returns than futures imply, how the curve responds within hours to supply disruptions and inventory data, and why persistent contango quietly drains 2–5% annually from buy-and-hold investors.

The GFS Pride sank in the Strait of Hormuz and a second Singapore-flagged ship was hit, pushing Brent near $106 weeks before the US midterm elections.

The EU's trade gap with China hit €360B in 2025; leaders also face high energy bills and budget fights.

The Pentagon has drawn up options to use the 21,600-pound MOAB on Iranian nuclear and energy sites, lifting escalation risk and oil prices in the six-month war.

Modal Labs (US) raised $750M led by Accel at a $15.75B valuation for AI cloud infrastructure.

Charles Schwab (SCHW) posted record $190B in new client assets, but revenue of $7.17B missed estimates.

Walmart (WMT) rose more than 2% after Deutsche Bank upgraded the retailer to Buy, citing margin gains from advertising, membership and automation into 2027.
Commodity ETFs can track an index perfectly and still deliver returns far below the underlying commodity price. The culprit is contango - the normal market structure where future prices exceed spot prices. A short walkthrough of why storage, insurance, and financing costs create an upward-sloping curve, how rolling expiring contracts into pricier ones drains 5–15% annually, what super-contango is, and how professional traders exploit the spread.

Rocket Lab (RKLB) closed near $53 as its first Neutron rocket flight slipped to 2027 over a tank-dome defect
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