Connect the Dots

Business & Markets

12 stories, newest first.

October 2026

  1. Brent tops $116, a six-month high, after Aramco evacuates its Dhahran headquartersBrent crude rose above $116 a barrel, its highest since April, after Saudi Aramco cleared its Dhahran headquarters amid Houthi attacks and Iran claimed hits on ships near Hormuz.
  2. Infosys cuts FY27 revenue growth guidance to 1-2% as AI reshapes IT demand; US-listed shares fallInfosys lowered its full-year revenue growth forecast to 1-2% in constant currency while profit rose 6.2% to Rs 7,823 crore, and its US-listed shares fell about 7% before the open.
  3. Japan's core inflation rises above the Bank of Japan's 2% target for the first time in nine monthsJapan's core consumer prices rose 2.1% in September, above the BOJ's 2% target, driven by fuel costs from the Middle East conflict and a weak yen.
  4. AI stocks slide worldwide as Kospi, Nikkei and Hang Seng fall about 3%Tech and AI shares fell from Seoul to New York on worries about expensive borrowing for AI build-outs and stretched valuations; Lam Research and Meta fell after their earnings.
  5. Barclays to cut about 5,000 jobs as it leans more on AIBarclays said it will cut about 5% of its global workforce, mostly in support roles, as it uses AI to reduce costs; the Unite union accused it of using AI as an excuse.
  6. Jio Platforms IPO, India's largest ever, is oversubscribed more than five times on day twoReliance's Jio Platforms drew bids for more than five times the shares on offer by day two of its roughly Rs 30,200-crore IPO, after a record anchor book.
  7. Meta shares drop 7% on AI spending and negative cash flow as Nasdaq has worst day since JuneMeta fell about 7% after its quarterly free cash flow turned negative on AI spending, dragging the Nasdaq down 2.6% in its worst session since June.
  8. Oil tops $110 after Houthi strikes on Saudi Arabia's Shaybah field and Dammam airportBrent crude rose to its highest since May after a deadly drone strike near Saudi Aramco's Shaybah oilfield and an attack on Dammam's airport, on top of the Iran-war risk at Hormuz.
  9. OpenAI nears up to $30bn funding round at $1.25tn valuation, led by Coatue and UAE investorsOpenAI is reportedly close to raising up to $30bn at a $1.25tn pre-money valuation as a bridge before a possible IPO, as rival Anthropic prepares to list.
  10. Sensex falls for a third day as crude tops $110 and RBI minutes rule out near-term rate cutsThe Sensex lost 460 points and the rupee weakened to 94.81 per dollar as Brent crude rose above $110, a day after RBI minutes signalled the next move can only be a hike or a pause.
  11. French 10-year borrowing costs top 5% for the first time since 2002France's 10-year bond yield rose above 5% amid violent protests and a fight over the 2027 budget, with a Moody's rating review due on 23 October.
  12. Tesla profit falls 43% as it starts Optimus robot production and delays unsupervised self-drivingTesla's third-quarter net income fell 43% to $787 million on flat revenue of about $28 billion, as it began early Optimus production and pushed unsupervised FSD to around Q2 2027.