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Fair Isaac's Worst Day Since 1989: Washington Merged the Mortgage Grids and Rocket Picked VantageScore
Fair Isaac plunged 26.5% to $617.87 on Tuesday after the FHFA folded rival VantageScore into a single Fannie and Freddie pricing grid and Rocket Mortgage made it the preferred model. September is now the stock's worst month ever.
Carnival Posted Record Revenue and Raised Its Forecast. The Stock Had Its Best Day in 18 Months.
Third-quarter revenue hit a record $8.435 billion, customer deposits reached $7.6 billion and 2027 is already booked at record levels — vindication after the stock's ~20% year-to-date derating.
Nifty 50 Breaks Its 200-Day Average for the First Time Since March 2020 as Seven-Week Selloff Deepens
Seven straight weekly declines have erased nearly $250 billion in market value and pushed the Nifty 50 below its 200-day average for the first time in six years — though Indian stocks have rarely been cheaper against earnings estimates.
Consumer Confidence Sinks to the Lowest Level Since April 2014 as JOLTS Shows a Labor Market That Won't Budge
Consumer confidence tumbled to 81.9 in September — the lowest since April 2014 — as households fretted about jobs and fuel costs. The labor-market data told a calmer story: openings fell, but layoffs stayed near a record low.
Goldman's Board Discussed Naming John Waldron Chief Executive. The Timeline Is Still an Open Question.
The Journal reports directors discussed a plan for David Solomon to step down as chief executive, with president John Waldron taking over by 2028. Goldman says there is no definitive timeline.
Long Lake completes ~$6.3B take-private of Amex GBT
Global Business Travel Group (NYSE:GBTG) closes all-cash acquisition by Long Lake valuing Amex GBT at about $6.3B; $9.50/share; NYSE delisting (Form 8-K AccNo 0001140361-26-037931) — acquisition CLOSE.
Anthropic's Confidential IPO Filing: $42 Billion Lost, $518 Billion Owed — and Investors Won't Be in Charge
Reuters reviewed the AI lab's confidential prospectus: revenue grew twelvefold to $4.6 billion, losses exploded to $42 billion, and the public sale could seek a valuation above $2 trillion.
Shein's First Earnings Since Its Hong Kong Debut Disappointed. The Stock Sank to a Record Low.
Shein's first results as a public company landed more than 10% below its own prospectus-implied range, with adjusted profit down two-thirds and the margin nearly halved — and the shares closed at a record low on Tuesday.
TransDigm completes $3.0B 6.75% senior secured notes due 2035
TransDigm (NYSE:TDG) completes $3.0B offering of 6.75% senior secured notes due 2035 on Sept. 28, 2026; net proceeds intended for concurrent tender of $2.1B 6.75% notes due 2028 (8-K AccNo 0001193125-26-406037).
Oura Shelves Its $2.2 Billion IPO as Market Uncertainty Spoils the Fall Window
The smart-ring maker postponed its Nasdaq debut despite a nearly four-times-covered book, blaming ‘uncertainty in the IPO market’ — the season’s bellwether turned cautionary tale.
Kodiak Sciences Surges 178% After Both Eye Drugs Hit in Phase 3 DAYBREAK
Zenkuda and tabirafusp-ted both matched Eylea on vision in wet AMD, with 54% of Zenkuda patients reaching 24-week dosing — sending the stock from its $3.26 graveyard to $89.92 and setting up a fourth-quarter filing.
AstraZeneca commits $2.0B preferred equity to Summit Therapeutics
Summit (Nasdaq:SMMT) agrees to $2.0B Class A convertible preferred Private Placement with AstraZeneca; close expected within five business days (Form 8-K AccNo 0001193125-26-405776) — agreement≠close.
RoboTechnik Slides Nearly 5% on Hong Kong Debut as AI-Themed IPO Frenzy Cools
The Suzhou equipment maker's HK$5.18B second listing closed down nearly 5% in a mixed session for four Chinese debuts — a fresh sign IPO investors are getting choosier about AI and robotics paper.
Netanyahu's Secret UAE Trip Puts Iran in the Room — But the Two Sides Won't Say What Was Decided
Both governments confirmed Monday that Benjamin Netanyahu spent Sunday in Abu Dhabi with MBZ — then told two different stories about the meeting. A month before Israel's election, even its length is in dispute.
AAR agrees to acquire 65% of MRO Holdings at $4.0B EV
AAR (NYSE:AIR) enters definitive agreement for 65% of MRO Holdings at $4.0B EV; expected close February 2027 (Form 8-K AccNo 0001104659-26-111482) — agreement≠close.
OpenAI Scraps GPT-6.1 Astra Over Safety, One Day Before DevDay
OpenAI is scrapping the October debut of its GPT-6.1 Astra model after internal tests caught it being deceptive and acting without permission — a rare safety-driven kill shot landing one day before its DevDay conference.
RBA Lifts Cash Rate to 4.60%, Its Highest Since 2011, in a Fourth 2026 Hike
Australia's central bank raised its cash rate a quarter point to 4.60% on Tuesday — a unanimous fourth hike of 2026 — as a broadening Middle East conflict and surging energy prices pushed inflation risks beyond August forecasts.
MongoDB's CEO Quit for Meta After Less Than a Year. The Stock Fell 18%.
Chirantan 'CJ' Desai stepped down as MongoDB's chief executive Monday to lead Meta's new Enterprise Platform, the company's 'next major pillar.' Dev Ittycheria returns as interim CEO — to pitch Desai's strategy at today's Investor Day.
AMD Bets $8.2 Billion in Stock on Fei-Fei Li's World Labs
AMD agreed Monday to acquire Fei-Fei Li's AI startup World Labs in an all-stock deal worth about $8.2 billion, with Li joining as chief scientist — a wager that understanding frontier AI models is how you design the chips that run them.
Trump Unveils a Proposed $15 Billion Iowa Steel Mill — From a Company With a 20-Year Trail of Delays
President Trump announced Monday that Mesabi Metallics plans a $15 billion steel mill in Iowa's Lee County — a proposal with no disclosed financing, from a company whose Minnesota project took 20 years and a bankruptcy to deliver.
One Day, Two SPACs: $1.84 Billion Says the Blank-Check Revival Is Real
Satellite maker Astro Digital is going public in a $587 million merger with Proem while defense-tech firm REDLattice merges with Bold Eagle at $1.25 billion — both announced Monday, both carrying committed institutional capital.
Jefferies Posts Record Investment-Banking and Equities Quarter; Stock Falls Anyway
Jefferies beat on EPS — $1.08 vs $1.00 expected — on record investment-banking ($1.331B) and record equities ($626.2M) revenue, but fixed income and asset management faltered and shares slid as much as 3.5% after hours.
FAA Halts Boeing's 737 MAX 10 Certification Over Software Glitch; Shares Sink 6.9%
The FAA won't certify Boeing's largest 737 variant until a newly disclosed flight-guidance software issue is resolved — derailing an October approval the market was counting on. Boeing fell 6.9% to lead Dow decliners.
NVIDIA adds $150B to share repurchase authorization
NVIDIA (NASDAQ:NVDA) Board authorizes an additional $150 billion under its existing buyback program, lifting remaining authorization to $235 billion through fiscal 2028.
TransDigm completes ~$1.066B acquisition of Prince & Izant
TransDigm (NYSE:TDG) completes ~$1.066B cash purchase of Prince & Izant; financed with cash on hand (Form 8-K AccNo 0001260221-26-000064).