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Friday 23 October 2026
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The British bank said the cuts, about 5% of its workforce, are part of cost reductions that executives linked to technology and AI. The Unite union said it was in talks with the bank.
Meta beat revenue estimates and raised the bottom of its 2026 capital spending range to $135 billion. It also announced a new class of non-voting shares and an arrangement with Mark Zuckerberg linked to a proposed California wealth tax.
Tesla reported revenue of $28.05 billion and adjusted earnings of 48 cents a share, above analysts' estimates, and lowered its 2026 capital spending outlook from more than $25 billion.
The US telecoms company now expects adjusted earnings of about US$2.40 a share for 2026, after adding 379,000 phone subscribers and record broadband customers in the quarter.
The streaming company reported earnings of 87 US cents a share and revenue of US$12.87 billion, and now expects about US$2.7 billion in ad revenue this year instead of about US$3 billion.
The tobacco company reported third-quarter net revenue of US$11.4 billion but said higher energy costs and disruption in Ukraine would weigh on full-year earnings.
The US scientific equipment and services company reported adjusted earnings of US$6.68 a share, up 15% from a year earlier.
The airline earned US$1 billion in the quarter and said it expects fourth-quarter revenue to grow more than 20% from a year earlier.
Elon Musk told SpaceX's third-quarter earnings call that independent-director committees at both companies are examining a combination, but said no terms have been agreed and a deal is not certain.
General Motors said third-quarter adjusted EBIT rose to US$4.1 billion and narrowed its full-year forecast, while warning of higher commodity costs.
The US oilfield services company said revenue was unchanged from the second quarter and gave an early outlook for 2027.
RTX reported a US$340 billion backlog and Northrop Grumman a US$109.6 billion backlog; GE Aerospace also lifted its forecast.
The Dow was up almost 1% in New York trading at midday on Tuesday, with healthcare stocks at a record high and oil prices lower, Reuters reported.
About 70 S&P 500 companies are scheduled to release quarterly results this week. Here are the confirmed dates and times, in GMT.
The US insurer reported core earnings of $9.18 a share, a record quarterly investment return and $1.5 billion in share buybacks.
