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- Starbucks says it is not buying Chipotle after takeover speculation
Starbucks said Monday it is not considering acquiring Chipotle Mexican Grill, which would have been the biggest restaurant takeover ever. A spokesperson told CNBC’s Jim Cramer, “Starbucks is not buying Chipotle,” after the Financial Times reported Thursday that Starbucks had worked with advisors on a takeover proposal in recent months. Chipotle shares fell nearly 4% in morning trading while Starbucks rose 1%. Semafor had earlier reported that Chipotle hired advisors to defend against activist investors or an unwanted bid, and Chipotle shares are down about 20% over the past year. Chipotle investors had hoped for a reunion with Brian Niccol, who previously led Chipotle and now runs Starbucks, while Starbucks shareholders worried about a distraction during the coffee chain’s turnaround.
- Top Midday Stories: JPMorgan Shares Rise Despite Q3 Miss; J&J EPS Guidance Undershoots Estimates, Shares Fall
- IonQ to acquire cybersecurity firm Elisity in an all-stock deal for up to $1.3 billion
IonQ said Monday it will acquire cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion, including up to $150 million in performance-based earnouts. The move aims to defend against attacks on generative AI models and AI agents and to guard against emerging quantum threats, and CEO Niccolo de Masi says it strengthens the company's quantum security strategy. The deal is expected to close in the fourth quarter, subject to regulatory approval, and Elisity will keep its current leadership, including CEO James Winebrenner. IonQ shares fell more than 9% in afternoon trading, and other quantum stocks such as Rigetti Computing and D-Wave Quantum also declined. The acquisition follows IonQ's $1.8 billion purchase of SkyWater Technology in July and two June executive orders from President Donald Trump on quantum computing and government cybersecurity.
- Cramer: Starbucks tells me Chipotle takeover won't happen and that's good for the stock
In Monday's Morning Meeting livestream from the CNBC Investing Club, Jim Cramer said Starbucks is not pursuing an acquisition of Chipotle and remains focused on its turnaround under CEO Brian Niccol. Starbucks shares came under pressure last week after reports that the company had explored a potential deal. Cramer pointed to encouraging data from HundredX showing that consumers' future purchase intent for Starbucks continues to improve while other quick-service chains face weakening demand, and he called it a big mistake for investors to shun Starbucks and other consumer stocks solely over concerns about higher interest rates. Separately, Micron fell 3% as investors rotated from semiconductors into software, and Cramer cautioned against buying more chip stocks until they show signs of bottoming.
- Chipotle Slides 3% as Starbucks Rules Out Acquisition; Starbucks Stock Rises While McDonald's Stock Slips
Chipotle shares fell 3% to $30.55 in morning trading after Starbucks said it is not pursuing an acquisition of the burrito chain, ending several days of takeover speculation that had lifted the stock. The SPY ETF was flat, so the drop was specific to Chipotle; McDonald's fell 0.8%, Yum! Brands rose 0.2% and Starbucks gained 1%. Chipotle owns and operates its restaurants, so its earnings depend on traffic, and visits to its restaurants have fallen; its Q3 2026 results are expected on October 28. The stock sits near its 52-week low of $28.04, against a high of $42.82.
- IonQ Falls 6% as $2B Equity Offering Follows $1.3B Elisity Stock Deal; D-Wave and Rigetti Retreat 4%
IonQ shares fell 6% to $32.76 after the company priced a $2 billion equity offering, just days after agreeing to buy cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion. The offering sold common stock and pre-funded warrants to an entity managed by Heights Capital Management, along with seven-year warrants for 100 million additional shares, with J.P. Morgan as sole underwriter. Other quantum stocks also declined, with D-Wave down 4% to $12.87, Rigetti down 4% to $12.26, and the Defiance Quantum ETF down 2%. IonQ reported Q2 2026 revenue of $80.05 million, up 286.8% year over year, and raised its 2026 outlook to $280 million to $290 million, while stock-based compensation reached $141.8 million in the quarter. The key question is whether revenue can grow faster than the expanding share count.
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- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Zerohash rolls out a new tool to move crypto without copying wallet addresses
Zerohash launched AUTH, a service that lets users move crypto, stablecoins and blockchain-based stock tokens between linked exchange accounts or self-custody wallets without copying wallet addresses or choosing a blockchain network. To transfer, users pick an account in an app that offers AUTH, sign in and approve the move, while the service handles routing and settlement and each app sets which assets and transfer types it allows. AUTH supports more than 600 connections, including Coinbase, Robinhood, Gemini, MetaMask and Phantom, with Coinbase, Robinhood and Gemini live and Kraken in beta. The launch comes as Zerohash's application for a national trust bank charter, returned by the Office of the Comptroller of the Currency in July, remains pending after a narrower refiling on Aug. 18.
- 2 charts show why Wall Street is right to worry about tech stocks
Rising cost of capital could affect the financial statements of hyperscalers such as Oracle (ORCL) and Google (GOOG, GOOGL) in 2027, as they need fresh debt to fund AI infrastructure and free cash flow may turn negative. JPMorgan strategist Mislav Matejka forecasts hyperscaler free cash flow will turn negative in 2027, implying credit markets will drive more of the AI build-out. Consensus estimates for 2027 capital expenditures are already rising from levels experts believe are too low. Morgan Stanley sees total 2027 capex among hyperscalers reaching $1.6 trillion, up from $978 billion estimated for this year. Dan Ives of Yorkville expects capex to reach the trillions and over 1,000 datacenters to be built in the next few years.
- Update on loan rate cuts as of the evening of Oct 19: MB, VietinBank, SHB, OCB join in
SHB, MB, VietinBank and OCB have announced loan rate cuts, following Agribank, Vietcombank, BIDV, ACB, LPBank and VietBank, with typical reductions of 1.5-2% per year. MB is cutting 1.5% per year for five priority sectors, to rates from 7.9% per year, and up to 2% in some cases; VietinBank is cutting up to 2% per year, while OCB offers up to 2.25% per year on some medium- and long-term loans for OCB Priority Banking members. SHB is cutting 1.5-2% per year for businesses and households and offers rates from 5.5% per year for lecturers and students at some universities. Vietcombank commits to cutting at least 2% through year-end, BIDV applies rates from 6% per year on short-term VND loans from 15/10/2026, and VietBank runs a VND 3,000 billion package. Specific benefits depend on borrower type, loan purpose, term and program conditions, following directives from the Government and the State Bank of Vietnam.
- Nvidia wins CPU business from Modal, previously exclusive to AMD and Intel
Modal, a San Francisco-based AI cloud startup that previously ran its AI agent workloads only on Intel and AMD processors, will begin using Nvidia's new Vera CPU. Early tests showed the Nvidia chip doubled work capacity for AI agents, and Modal plans to run it alongside Intel and AMD chips, assigning each task to the most efficient hardware, though integration requires substantial software changes. Modal recently raised $750 million in a round led by Accel at a $15.75 billion valuation and expects $1 billion in sales over the next year, with usage tripled and revenue up more than 15 times year-over-year. Nvidia projects at least $20 billion in Vera chip revenue this fiscal year in a market it estimates at about $200 billion, and says OpenAI, Anthropic, Oracle and Perplexity also plan to use the chips.
- America's EV Plans Have Died
Billions of dollars went into EV factories, dealerships and marketing after President Biden set a goal for 50% of new US car sales to be zero-emission by 2030, but EV sales have since fallen sharply. US EV sales dropped 30.7% in the first nine months of 2026, after the $7,500 tax credit expired on September 30 last year, and gas prices near $4.50 per gallon have done little to lift them. According to Kelley Blue Book, the average transaction price of a new EV was $54,754 in August, above the $50,089 average for all new cars. Ford's EV sales fell 80.2% to 6,047 in the third quarter, and it has no new EV planned until its Fathom launches next year, while Tesla holds over 50% of the market and no other major automaker has even 10%. The article says EVs could recover if gas prices reach $5 and stay there for months, but that is uncertain.
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