General Wire › 29 Oct 2026
Daily brief
General Wire — 29 October 2026
The Fed holds with two dissents for a hike, Alphabet's AI-spending miss contrasts with Microsoft's cloud beat, and Israel's election is too close to call.
Business
Sourced from Bloomberg’s Evening Briefing.
Weil, Gotshal & Manges is said to be planning a wind-down of the nearly century-old law firm after a string of partner departures and failed merger talks with Willkie Farr & Gallagher. — Bloomberg
Deutsche Telekom has held off on a formal bid to combine with T-Mobile US, partly due to works-council pushback, casting doubt on what would be the largest public merger on record. — Bloomberg
Economics
Sourced from Bloomberg’s Evening Briefing and Points of Return.
The Fed held its target range at 3.75% to 4% on a 10-2 vote, with two members, including Lisa Cook, dissenting in favour of a hike. — Bloomberg
Finance
Sourced from Bloomberg’s Evening Briefing.
A real estate investment firm bought a Boston office tower at a foreclosure auction for about one-third of the price paid for it in 2019. — Bloomberg
Politics
Sourced from Bloomberg’s Energy Daily.
Israel’s election was described as too close to call between Benjamin Netanyahu and Gadi Eisenkot. — Bloomberg
Luiz Inácio Lula da Silva won a record fourth term as Brazil’s president in a surprise comeback. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Points of Return.
Alphabet’s quarterly sales and profit missed expectations, with advertising revenue of $82 billion short of the $83.6 billion estimate. — Bloomberg
Microsoft beat on cloud revenue, with Azure sales up 48% to $33.2 billion and total revenue up 19% to $92.3 billion. — 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.