General Wire › 24 Oct 2026
Daily brief
General Wire — 24 October 2026
AI doubts crack equity and credit markets, US prices surge the most since 2022, BASF lifts its Evonik bid above €11 billion, Jio's record IPO draws strong demand, and Israel heads to the polls on 27 October.
Business
Sourced from Bloomberg’s Deals newsletter and Evening Briefing.
BASF raised its offer for chemicals rival Evonik to more than €11 billion, about €24 a share, with guarantees on jobs and sites. — Bloomberg
American Express will cut about 3,500 jobs, 5% of its workforce, despite beating earnings expectations. — Bloomberg
Jio Platforms’ $3.1 billion IPO, India’s biggest ever, drew strong demand, particularly from institutions, despite a weeklong selloff in Indian equities. — Bloomberg
Economics
Sourced from Bloomberg’s Evening Briefing Americas.
US prices rose by the most since 2022 in October while business activity growth slowed. — Bloomberg
US consumer sentiment fell to a five-month low on inflation worries. — Bloomberg
Moody’s kept France at Aa3 but with a negative outlook, a reprieve after a week of bond stress and street protests. — Bloomberg
Finance
Sourced from Bloomberg’s Evening Briefing Americas.
Global hedge funds suffered one of their broadest daily declines since Covid after Thursday’s stock selloff. — Bloomberg
Blackstone’s 2023 chip-backed loan to CoreWeave became the template for a debt market now heading toward $1 trillion. — Bloomberg
Politics
Sourced from Bloomberg’s Evening Briefing Americas.
Israel votes on 27 October in a contest seen as a referendum on Netanyahu, who is neck-and-neck with former general Gadi Eisenkot. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Evening Briefing Americas.
An Anthropic executive warned that mass cybersecurity disruptions, like this week’s scramble to patch two critical PHP flaws found with AI tools, will get worse before they get better. — Bloomberg
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment or trading advice. For commodity and cross-asset risk coverage, see Risk Wire.