
Skydance Stock Falls 2.7% After Warner Bros. Merger Closes
Skydance (SKYD) closed at $9.51 on its NYSE debut as the $110B deal leaves it with about $80B in debt.
Daily Digest
Daily Digest

Skydance (SKYD) closed at $9.51 on its NYSE debut as the $110B deal leaves it with about $80B in debt.

Constellation Energy (CEG) rose more than 12% after Google signed a 20-year nuclear power deal adding 890 MW for its AI buildout, with first power due by 2028.

Vinci (US) raised $250M at a $1.5B valuation, led by Advent, Temasek and Xora, for AI physics simulation software for chip and hardware design.
Solana (SOL) trades near $121 as JPMorgan-informed DvP lets banks settle tokenized assets in seconds.
Gold (XAU/USD) sits 26% below its January peak as 10-year Treasury yields hold near 5.3%, a 24-year high.

Crude oil price fell below $89 a barrel for a third straight session as Middle East exports neared 98% of pre-war levels, pulling Treasury yields off 2002 highs.
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.
Advertisement

Trent (TRENT) led Nifty gainers as Indian stocks rose on cheaper crude, with Zudio hitting 1,000 stores

Intel (INTC) fell about 4% after Elon Musk confirmed talks with TSMC to join the Terafab chip project, raising questions over Intel's foundry comeback.

Brent (BZ=F) is near $98 while Iran's oil minister quits and its exports sit at zero under a US blockade.

SpaceX (SPCX) closed at $171.09 on Nasdaq, its best finish since June, as a Morgan Stanley note, a first Starship orbit and TSMC chip talks lifted sentiment.

Germany's RobCo (Munich robotics) hit a $1B+ valuation in a roughly $40M secondary share sale, mostly employee shares, with Cherry Ventures and European Tech joining.

Cerebras (CBRS) closed at $181.55 after falling 20% last week when OpenAI chose Nvidia chips.
Copper has a PhD in economics - prices rise with global growth and fall sharply in recessions, making it the commodity market's most reliable macro barometer. A short walkthrough of why Chile and Peru supply 40% of global output, how China's 50% share of demand turns every construction slowdown into a price shock, why EVs need four times more copper than petrol cars, and what the energy transition means for long-term supply and demand.

Cerebras shares rose 9% on October 5 after OpenAI's chief executive called the chipmaker a "close partner," erasing part of a slide tied to a GPT-6.1 hardware report.

Advanced Micro Devices (AMD) trades near $656 as Citi lifts its target to $800 and CEO Su vows more supply.

McKesson and CD&R will take Option Care Health private at $32.05 a share, a $5.8 billion deal, after the stock jumped 21% on reports of advanced talks.

Option Care Health (OPCH) agreed to a $32.05-a-share cash deal from CD&R and McKesson, a 37% premium.

Schneider Electric agreed to buy Boston software maker PTC for $205 a share in cash, its largest deal ever, as PTC surged 33% and Schneider fell over 8%.

US AI chip startup Etched is fielding funding offers at a $40–50B valuation, two months after a $21B round.
Cotton is the world's most-used natural fibre - yet polyester has quietly taken over half the textile market. A short walkthrough of how India, China, and the USA divide up 60% of global production, why a 1–2 year planting lag creates boom-bust price cycles, how polyester acts as a natural price ceiling, and what slow demand growth of 0–1.5% annually means for the long-term outlook.

Japan's Nikkei rose to about 70,340 as Asian shares tracked Wall Street's tech rally, while oil near $100 and 5.3% Treasury yields capped broader gains.

Morgan Stanley cut AutoNation (AN) to Equal Weight and its target to $175 from $250 on weaker car profits.

The U.S. Air Force pulled all 12 B-1 bombers from RAF Fairford on Oct. 4 after a UK counterterrorism probe, removing a key launch point for strikes on Iran.

Japanese yen (USD/JPY) is soft as traders put a second BOJ hike in October at about one-in-four odds

Foxconn's record September revenue of about $36.5 billion and 47% third-quarter growth on AI server demand point to strength for Nvidia and AI stocks.
When distant futures fall in price relative to near-term contracts, the curve is flattening - and the market is telling you something has shifted. A short walkthrough of the three main drivers of curve flattening (anticipated supply increases, weakening demand, rising storage costs), how roll yield drag compounds quietly for long-position holders, and what historical episodes in crude oil, natural gas, and agriculture reveal about reading the signal.

US startup Clockwork.io raised $31M, led by Premji Invest, Wing VC and Seligman Ventures, for fault-tolerance software that stops GPU failures from wasting AI training and inference time.

Brent crude (BZ=F) is steady as Aramco (2222.SR) says world stocks fell from 10 to under 6 billion barrels.

AstraZeneca completed its $2 billion equity investment in Summit Therapeutics, lifting SMMT about 17% premarket as the cancer-drug tie-up moves to trials.

Spain's IBEX 35 (^IBEX) held flat after Sánchez called a Nov. 29 vote, as France's debt woes weigh on bonds.

Saudi-backed Yemeni forces say they retook Mocha near the Bab el-Mandeb Strait; Houthis claim strikes on Rabigh and Riyadh, keeping Brent near $100 a barrel.

The euro (EUR/USD) is down four weeks in a row as France pays about 1.5 points more than Germany to borrow.

The euro slid to $1.1161, a 17-month low, as the French-German bond spread hit its widest since 2011 and Spain's Sánchez called a November 29 snap election.

UK startup Reclinker (Cambridge) raised a £10M Series A, co-led by Clean Growth Fund and AP Ventures, to turn demolition waste into low-emission cement.

US-Iran talks stalled after Trump denied offering sanctions relief, leaving WTI near $90 and Brent near $98 as traders weigh a Strait of Hormuz deal.

Citi upgraded Harley-Davidson (HOG) to Buy with a $33 target on stronger retail sales, cost savings and a 2027 launch, sending shares up about 5.7% on Monday.
Advertisement
33 plain-English books across six tracks - from what money is to running a portfolio. Free, no sign-up.
Money, economy, financial literacy - start here.
How the market works, and how to understand any company.
Different ways to invest - and how to build your first portfolio.
Bonds, property, crypto, gold and oil, and currencies.
Trading, reading charts, and protecting your money.
Taxes, retirement, industries, green investing, and market history.