I'll pull today's top business and market headlines for you.
Today is Sunday, October 25, 2026 - U.S. markets are closed for the weekend. Here are the top business / market headlines carrying over from Friday's close (Oct 23-24):
Markets & Economy
•U.S. stocks fell as oil prices hit 5-month highs - Dow slides as oil prices climbed to highest in five months as concerns mounted that the U.S.-Iran conflict could soon escalate. At 5 PM ET wrap: U.S. Stocks Fall as Oil Prices Hit Five-Month High
•Oil surge continues - Brent climbed above $114 as traders weighed risk of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure
•Treasury yields rise - U.S. Treasury yields rose as investors sought safety from turmoil in French government bonds
•Consumer sentiment near record lows - Consumer Sentiment Declined Slightly in October - The University of Michigan survey's headline index came in at 48, down from 48.1 in September and hovering near record-low levels
•U.S. business activity cools - U.S. business activity slowed modestly in October, though robust demand allowed companies to raise prices, a sign inflation could remain persistently high
•Labor market softening - ADP estimated that the private sector was shedding 11,250 jobs a week in the four weeks through Oct. 25
•U.K. Consumer Confidence Suffers Biggest Drop Since Pandemic - sentiment tumbled at fastest pace since Covid as cost-of-living pressures reversed summer optimism
•Week ahead focus - An interest-rate decision by the Federal Reserve will be the highlight of a busy week ahead
Corporate Headlines
•American Express to Cut 3,500 Jobs - The credit-card company is the latest to announce job cuts this week as Barclays, eBay and Volvo also lay off thousands of employees
•Volvo Car slumps after 2,500 job cuts - Shares were down 26% after automaker said it would cut another 2,500 jobs - around 6% of workforce - amid worsening market conditions
•Bombardier to Invest $270 Million in U.S. Expansion - plans to expand its American infrastructure footprint and hire 800 U.S. workers
•SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount - decision to pull Solidigm's U.S. public debut comes amid deepening investor caution toward artificial-intelligence valuations
•Oil majors earnings in focus - Tightness in global fuel markets is driving refining margins to all-time highs, making refineries a key earnings driver
•Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
Other Business News
•Trump Expected to Remove Some Tariffs on Canada in bid to help Susan Collins - would remove tariffs on some agricultural and forestry goods
•SLB Logs Higher Revenue as Business in the Middle East Recovers following challenging start to year
•LKQ Ousts CEO, Warns of Third-Quarter Shortfall after disappointing performance. Shares sank