I'll pull today's top business and market headlines for you.
Today's Top Business / Market Headlines — Wednesday, October 14, 2026
U.S. Markets — Wall Street slips on mixed bank earnings, chip weakness ahead of CPI
•Stocks finished slightly lower Tuesday ahead of key inflation data. - US stocks finished slightly lower on Tuesday as investors assessed mixed earnings from major banks and renewed selling in memory chip stocks ahead of key inflation data.
•Indexes: The Dow Jones Industrial Average fell 180.45 points, or 0.35%, to 51,670.10, reversing an earlier gain of more than 460 points. The S&P 500 edged down 0.02% to 7,805.45, while the Nasdaq Composite slipped 0.15% to 27,204.38.
•Bank earnings mixed: Major US banks delivered mixed third-quarter results. JPMorgan Chase fell 0.9% after earnings and revenue missed expectations, despite raising its 2026 net interest income guidance. Wells Fargo dropped 3%, while Goldman Sachs edged 0.2% lower despite reporting stronger-than-expected revenue.
•Tech / chip pressure: Technology stocks also faced pressure following a 5.5% decline in South Korea's Kospi index amid valuation concerns and growing competition from Chinese chipmakers. Micron Technology fell more than 3%, SK hynix declined 3% and Western Digital lost 1.6%.
•Muted open on Fed uncertainty: Wall Street opened with subdued trading activity today, as Federal Reserve Chair Jerome Powell concluded his recent remarks without offering any fresh guidance on the future path of interest rates. The absence of new policy signals has left investors in a state of watchful waiting.
•Key data to watch today: Investors now turn to Wednesday's US consumer price index report, with September inflation expected to rise 0.6% month-on-month, compared with 0.4% in August.
•Earnings calendar today: BlackRock, Inc. (NYSE: BLK) today announced that it will report third quarter 2026 earnings prior to the opening of the New York Stock Exchange on Wednesday, October 14th, 2026. Other companies reporting on 14th: BlackRock BLK, Bank of America BAC.
•Morgan Stanley is expected to post earnings of $2.93 per share on revenue of $19.93 billion.
•State Street to post earnings of $3.68 per share for Q3 2026.
•Bank of America to post earnings of $1.10 per share for Q3 2026.
Australia / Asia
•ASX set to fall 0.3% as Wall Street slips - Sharecafe headline. Australian shares are set to open lower, with S&P/ASX 200 futures down 30 points, or 0.3%, to 8,788. The weaker lead follows a subdued Wall Street session, with mixed US bank earnings and renewed concerns about technology valuations weighing on sentiment.
India Markets
•Benchmarks coming off strong rally, cautious open signaled:
•BSE Sensex jumped over 1,100 points and the Nifty 50 settled above 22,720 led by IT gains. The Hindu BusinessLine showed SENSEX 73,033.78 + 1,109.10 and NIFTY 22,721.95 + 358.60.
•GIFT Nifty Signals Cautious Opening After Surge: Benchmark indices faced a muted-to-negative start on Wednesday after Tuesday's sharp rebound.
•Q2 Earnings in the Spotlight: Major companies scheduled to announce their quarterly earnings include BHEL, Canara Bank, Groww (Billionbrains Garage Ventures), Tata Technologies, and ICICI Lombard.
•Macro & Policy:
•RBI to curb rupee volatility amid external pressures, says Finance Minister Sitharaman — the rupee gained around one per cent on Monday, strengthening to 94 rupees 96 paise against the dollar on Tuesday.
•UPI merchant charge rollout deferred until after Diwali; industry awaits clarity — National Payments Corporation of India has postponed Merchant Discount Rate charges on select UPI merchant transactions until after Diwali.
•Inflation concerns linger: September retail inflation climbed to 5.54%, driven by food price spikes.
•IMF Raises India's FY27 Growth Forecast to 7% — revised upward on the back of resilient domestic consumption.
•Corporate News:
•Zoho says it cannot offer usual pay hikes to employees this year as AI disrupts costs — Rising AI costs and geopolitical uncertainty have prompted Zoho to cut its marketing budget.
•Adani Enterprises Partners with Jabil for AI Infrastructure: Adani Enterprises entered into a non-binding memorandum of understanding (MoU) with Jabil Inc. to establish a 50:50 joint venture aimed at manufacturing and assembling AI and data centre hardware.
Commodities / Energy
•Oil higher: Brent crude oil climbed 0.99% to $106.732 per barrel, while US crude oil rose 0.96% to $95.042.
•Geopolitical Tensions and Crude Oil Volatility: Escalating friction in the Middle East and reports of maritime security disruptions in the Strait of Hormuz have pushed energy markets into focus.