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- Russia returns to G20 table in Bangkok on U.S. invitation that angers Europe
Russia's finance minister Anton Siluanov attended a G20 finance meeting in Bangkok on Thursday, his second in-person appearance at the event since the 2022 invasion of Ukraine, as Washington seeks to bring Moscow back into international forums. German Finance Minister Lars Klingbeil also attended and said Russia would not simply return as a normal G20 member, after he had refused to pose with Siluanov at an August meeting in Asheville. The Trump administration also temporarily lifted sanctions on Russian diesel imports until April, drawing criticism from Ukrainian President Volodymyr Zelensky and European allies. The meeting ended without a joint communiqué, as members remained divided over the Middle East conflict, trade imbalances and Russia's war, and U.S. Treasury Secretary Scott Bessent skipped it. Australian Treasurer Jim Chalmers said Iran's closure of the Strait of Hormuz and attacks on commercial vessels must end, and urged Russia to end its war in Ukraine.
- FM Attends World Bank - IMF Annual Meetings , G - 20 and G7 Finance Ministers Meet In Bangkok
Indian Finance Minister Nirmala Sitharaman held bilateral meetings in Bangkok with UK Chancellor of the Exchequer John Healey, Swiss Federal Councillor Karin Keller-Sutter and Japanese Finance Minister Satsuki Katayama, on the sidelines of the World Bank-IMF annual meetings and G20 and G7 finance meetings. India and the UK agreed to hold the next Economic and Financial Dialogue in December 2026, while India and Switzerland discussed the India-EFTA TEPA and an early conclusion of a bilateral investment treaty. With Japan, Sitharaman welcomed a commitment to facilitate JPY 10 trillion in private investment into India and invited a Japanese visit in 2027 to mark the 75th anniversary of diplomatic relations.
- Japan finance minister: G20 concerned over yields, FX volatility
Japanese Finance Minister Satsuki Katayama said Japan raised concerns about market volatility at the G20 finance ministers and central bank governors meeting in Bangkok, as long-term interest rates rise and currencies fluctuate. The meeting also reaffirmed an agreement on currency intervention.
- Chip selloff deepens Wall Street losses as doubts grew over AI returns
- Chip Stock Selloff Deepens in Asia , Extends to Europe and US
The chip-stock sell-off deepened Thursday as hotter-than-expected US inflation data for September raised expectations that the Federal Reserve could raise rates again at the end of this month, adding to worries about debt-funded AI buildouts. South Korea's Kospi plunged 7.6%, triggering a circuit breaker, with SK Hynix down 11% and Samsung Electronics down 9.5% after reports of advances by China's CXMT on a new memory architecture; Nvidia fell 2.6%, ASML 6.5% and STMicroelectronics 7%. Even strong results from TSMC, whose third-quarter revenue reached TWD 1.49 trillion ($46.7 billion), up 41% year over year, did not stop its shares from falling 2%, while ASML lifted the bottom of its annual sales guidance to EUR 44 billion. AJ Bell's Dan Coatsworth said tech investors are getting uncomfortable with the amount of debt funding the AI build-out.
- Trump Envoys Push Russian Gas Transit in Ukraine Peace Talks
According to The New York Times, US envoys Steve Witkoff and Jared Kushner urged Ukraine and European allies to consider resuming Russian gas transit through Ukrainian pipelines as an economic element of a peace settlement. The idea faces firm opposition in Europe, especially Germany, where officials argue that reliance on Russian hydrocarbons undermines energy security. Washington argues that restored flows would give the Kremlin a commercial incentive to halt military operations and bring transit revenue for Ukraine's reconstruction, and some officials suggest the US could seek a share of the proceeds. The White House confirmed its proposals include economic incentives for both sides and denied actively discussing a revival of Nord Stream 2, though one source called restarting intact segments the “simplest step”. In Germany, the AfD, polling near 30 percent, has campaigned for cheap Russian gas imports, while European officials warn restored flows would undermine sanctions and generate billions for Moscow's defense industry.
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- Intel stock pops after JPMorgan gives a Neutral upgrade
JPMorgan (JPM) upgraded Intel (INTC) to Neutral from Underweight. The note points to improving execution under CEO Lip-Bu Tan, potential foundry customers for next-generation manufacturing, and rising earnings estimates for 2027 and 2028.
- Intel leads chip stocks higher as investors jump back into AI trade
Chip stocks rebounded on Monday as investors bought the dip after last week's steep AI trade sell-off. The PHLX Semiconductor Index (^SOX) rose 2%, reversing a recent semiconductor rout. Intel (INTC) jumped 5% after JPMorgan upgraded the stock to Buy, citing "solid execution." Nvidia (NVDA) and AMD (AMD) also gained, while a Goldman Sachs upgrade of CoreWeave (CRWV) to Buy from Neutral helped lift AI sentiment. Arm Holdings (ARM), Micron Technology (MU) and SK Hynix (SKHY) also rebounded after sharp declines last week.
- Netflix stock is down roughly 25% in 2026 as Q3 earnings loom
Netflix (NFLX) reports third-quarter results after the bell on Tuesday, with the stock down more than 25% this year and closing Friday near $70, versus $93.76 at the end of 2025. Investors are worried about slowing viewership, competition from YouTube, and live sports moving to Amazon Prime Video and HBO Max. Last week Netflix cut about 6% of its workforce (roughly 1,000 employees) and named Peter Rice its new chief content officer, and five firms lowered price targets in October. Analysts expect EPS of $0.82 on revenue of $12.88 billion, up about 12% from a year earlier, in line with Netflix's own forecast. KeyBanc's Justin Patterson wants more content investment, product changes, expense cuts and a possible first-ever dividend.
- Cleveland-Cliffs Jumps 10% on Strongest Quarter in Three Years; Nucor and Steel Dynamics Edge Higher
Cleveland-Cliffs (CLF) rose 10% to $13.29 after reporting third-quarter adjusted EBITDA of $612 million, beating its $575 million guidance and up sharply from $143 million a year earlier. Revenue of $5.61 billion missed the $5.72 billion expected, though sales rose 18.6% year over year on a higher average net selling price of $1,177 per ton and larger shipments. Management said imports remain well below historical levels, but it indefinitely idled the galvanizing lines at its Canadian unit Stelco due to oversupply. The company guided to about $715 million of adjusted EBITDA in Q4 and said 2027 adjusted EBITDA should exceed $4 billion based on current index price forecasts. Its target is to bring net debt to EBITDA below 2.5x by mid-2027.
- Tech rebounds as semiconductor stocks jump: AlphaCheck
Stocks were mostly higher on Monday as investors turned their focus to earnings season, with semiconductor stocks rebounding after last week's sharp sell-off. The Tech sector (XLK) rose, led by Nvidia (NVDA), AMD (AMD), Micron (MU) and SK Hynix (SKHY). Intel (INTC) also jumped after JPMorgan analysts upgraded the stock, while CoreWeave (CRWV), hammered last week, rebounded on a Goldman Sachs upgrade. Investors are watching this week's reports from Netflix (NFLX), SpaceX (SPCX), Tesla (TSLA) and Meta (META). The 10-year Treasury (^TNX) yield hovered near 5.1%, while Brent crude (BZ=F) dropped to $108 per barrel and WTI (CL=F) hovered below $98.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
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