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Amex Adds Airbnb Stays, Expands Platinum Credits for Cardholders
American Express is adding more than 1 million Airbnb listings to Amex Travel, where eligible Platinum cardholders can earn points on prepaid stays. The company is also extending its annual lodging credit to qualifying Airbnb Luxe bookings and introducing a credit for Airbnb Experiences. The change comes with a new two-night minimum for Fine Hotels + Resorts stays to qualify for the lodging credit, beginning January 1, 2027.
United CEO Scott Kirby backs wealth and inheritance taxes
United Airlines CEO Scott Kirby said wealth inequality poses a danger to society and called for a national wealth tax and inheritance taxes that could approach 100% at some level. His comments came in an interview with The New York Times, as he defended airline seat fees and argued that flying is expensive. The proposals add Kirby to a group of business leaders who have publicly supported higher taxes on wealthy Americans.
NatWest Hybrid Work Shift Draws Union Criticism
Unite has criticised NatWest’s plan to require staff to spend at least two days a week in the office from February. The union says the change will raise travel and childcare costs and disrupt care arrangements for some workers. NatWest says it will allow exceptions for colleagues who need additional flexibility and give staff time to prepare for the change.
Flutter cut 1,400 jobs as UK betting taxes rise
Flutter plans to cut up to 1,400 jobs across the UK and Ireland and among British and Irish staff at sites in Portugal and Romania. The Paddy Power owner says higher taxes on online casino and sports betting have changed the industry’s economics and cannot be fully absorbed. The company has not said which roles are at risk, while its restructuring plan is expected to cost between $80m and $90m.
CoreWeave projected 6.3x gross leverage as debt climbs
CoreWeave faces questions about its balance sheet as analysts project gross leverage of nearly 6.3x by the end of 2026. The company is borrowing heavily to expand data center capacity for AI customers, while investors have sold its bonds. Its large revenue backlog offers support, but Fitch said 65% of first-quarter revenue came from its top two customers.
Goldman Sachs Flags Rising AI Infrastructure Borrowing Costs
CoreWeave shares fell as investors reassessed the financing risks behind the AI infrastructure build-out. Goldman Sachs said spreads on high-yield AI-related debt widened sharply, while borrowing-cost concerns also weighed on other neocloud stocks. The bank’s strategist expects some near-term reversal in the debt sell-off but says performance across AI-related issuers is likely to remain uneven.
AI Debt Concerns Weigh on Nvidia, CoreWeave Shares Rebound
Nvidia shares fell roughly 1% as investors sold chip and AI-related stocks amid concerns about debt-heavy balance sheets and hotter-than-expected inflation. The decline eased during Thursday’s session, while CoreWeave rebounded after CEO Jensen Huang expressed optimism about the data center operator. The pressure highlights how financing worries around AI infrastructure companies are affecting the broader sector.
QQQM Adds to All 101 Holdings, Led by $14.8 Million in Nvidia
Invesco NASDAQ 100 ETF recorded net inflows of $177.3 million in Tuesday’s session and added to all 101 stocks in its portfolio. NVIDIA was the largest purchase by value, followed by Apple and Microsoft, and the holdings data reported for October 13, 2026 shows no positions sold or newly added.
Adrian Portelli’s LMCT+ Supermarket Opens in Melbourne’s West
Adrian Portelli has opened his first LMCT+ supermarket in Deer Park, Melbourne, with a promise to beat qualifying Coles and Woolworths prices by 10 per cent. The offer applies to identical items at regular in-store prices, while shoppers need an annual membership to access discounts. Opening-day comparisons found some products cheaper than at the major chains, while others cost more.
Buffett’s 90% S&P 500 Plan Highlights the Cost of Fees
Warren Buffett instructed the trustee handling his wife’s inheritance to put 90% into a low-cost S&P 500 index fund and suggested Vanguard. A separate illustration shows how investing $300 a month for 30 years at a constant annual return of 9.5% could grow to about $610,000. The source cautions that market returns vary and fees can substantially reduce the result.
U.S. Stocks Rebound as Investors Brace for Earnings Reports
US stocks recovered some ground on Friday after a volatile week, while investors looked ahead to the start of earnings season. The FTSE 100 outlook also drew attention in a separate report on Burberry, which posted higher retail revenue and comparable sales in its latest quarter. The sources describe a market balancing recovery hopes against company-specific risks.
RotoWire Offers Novig Users $50 in Trade Credits With Code ROTOWIRE
Novig is offering new users $50 in Trade Credits after they sign up with the ROTOWIRE code and make a first deposit of at least $10, according to RotoWire. The offer is limited to people physically located in states where the platform is legal. Novig operates a peer-to-peer sports prediction exchange, and the promotion requires users to enter the code during registration.
SpaceX spectrum deal rattles Verizon, AT&T and T-Mobile
SpaceX agreed to buy a nationwide spectrum portfolio from Grain Management, setting up Starlink to expand into mobile service. Verizon shares fell 8.75%, their worst day since July 2002, while T-Mobile and AT&T also recorded steep losses. FCC Chair Brendan Carr called greater competition in the spectrum market good news for consumers, though analysts said building a rival network will require time, infrastructure and capital.
CBA CEO Matt Comyn’s Shareholdings Draw Scrutiny Amid Separation
A Financial Review report has drawn attention to Commonwealth Bank’s share register as observers examine the holdings of chief executive Matt Comyn amid his separation from Lucy Comyn. The report says Comyn holds about $9.4 million in CBA shares, alongside $8.5 million in performance shares that have yet to vest and rights to buy more.
Singapore Bank Shares Fall as UOB Drops 5.16% on Thursday
UOB shares fell 5.16 per cent on Thursday as a sell-off in Singapore bank stocks extended for a second day. OCBC and DBS also declined, amid profit-taking, rising bond yields and concerns about banks’ funding costs. Analysts are divided on valuations and the outlook for earnings, while investors weigh whether recent record highs left room for further gains.
Broadcom AI Growth Faces Customer Concentration Risk As Revenue Rises 221%
Broadcom’s AI semiconductor revenue rose 221% to $16.7 billion in its latest reported quarter, while its five largest end customers accounted for 55% of revenue. The figures sharpen the investment choice between Broadcom’s custom-chip growth and Nvidia’s broader GPU platform, as investors weigh cash generation, customer concentration and the economics of AI infrastructure.
Elon Musk Is a Trillionaire Again as SpaceX Shares Rally
Elon Musk’s net worth rose above $1 trillion after SpaceX shares jumped nearly 8% on Monday, according to Forbes’ real-time billionaires list. The stock has recovered from its August low and returned above its IPO price. Yet options pricing points to a more measured path toward new highs than during SpaceX’s first surge after going public.
Sainsbury’s and Morrisons Merger Talks Explored, Reports Say
Sainsbury’s and Morrisons held exploratory merger talks this year, according to reports cited by The Guardian. The deal could have combined the retailers’ market shares to 23.6%, still below Tesco’s 27.8%. The companies are no longer in active discussions, while competition concerns and Morrisons’ debt would loom over any renewed approach.
Qualcomm Bets On Auto, IoT And Data Center Growth
Qualcomm stock is down 21% in three months, but the company’s auto and data center push is starting to offset weaker handset revenue. Management says the first revenue from two hyperscaler customers arrives in the December quarter.
Salesforce Stock Slips After Buyback Spree, AI Worries Mount
Salesforce stock fell after the company named Miguel Milano as operating chief and disclosed a record $27 billion in buybacks. The move comes as investors question how AI will reshape software sales.
Chevron Stock Looks Undervalued After DCF Puts Fair Value At $362
Chevron stock is screening as undervalued in several valuation checks, even after a 154.0% five-year return. The case now hinges on DCF value, free cash flow, and whether AI data-center demand can offset policy risk.
Netflix Rises After Wolfe Lifts Target To $95
Netflix stock rose nearly 3% Tuesday after Wolfe Research lifted its price target to $95 from $84 and kept an Outperform rating. The move came as the company was reported to be weighing rival streaming services on its platform, while Koyfin data pointed to nearly 14% upside from the last close.
Oracle Falls 5.2% After TD Cowen Cuts Price Target
Oracle stock slid after TD Cowen lowered its target to $240 from $300, citing concern over AI data-center spending, debt and cash flow. Investors are also watching Project Jupiter and the company’s Oct. 28 analyst day.
Qualcomm Stock Jumps on Amazon Web Services Deal
Qualcomm stock climbed after the company said it is working with Amazon Web Services on customized silicon for AI infrastructure. The deal includes warrants for Amazon to buy 25 million shares at $161.26 apiece, a $4 billion investment, as Qualcomm pushes deeper into data centers.