Fight Fight Fight LLC, the firm behind the TRUMP memecoin, is negotiating to acquire Republic.com's U.S. business, according to Bloomberg. The deal could allow use of the TRUMP token for payments and fundraising if completed. The token reached a peak market value of nearly $9 billion before declining to approximately $1.6 billion.

A trader paid $20.9 million for call options betting on the S&P 500 rising above 9,000 by December 2026, representing a over 30% rally from current levels. The trade was made shortly before the Federal Reserve announced a 25bps rate cut and ahead of major tech earnings.

UBS reported a 74% year-on-year rise in third-quarter net income, reaching $2.5 billion and surpassing the $1.85 billion expected by analysts. Higher revenues, litigation reserve releases, and cost savings from the Credit Suisse integration contributed to the gain.

Treasury market volatility has fallen to multi-year lows, creating a stable environment as traders await Federal Reserve Chair Jerome Powell's press conference. His remarks could shift sentiment, with a hawkish tone potentially pushing 10-year yields above 4%. Some Fed officials support rate cuts due to weakening labor momentum, while others favor holding rates steady amid persistent core inflation. As of Wednesday in Asia, the 10-year yield was near 3.98% and the two-year yield around 3.49%.

Visa posted $10.72 billion in revenue for its fiscal fourth quarter, a 14% year-over-year increase and above the Zacks Consensus Estimate of $10.59 billion. Earnings reached $2.98 per share, slightly exceeding the $2.97 forecast.

Global markets face a critical week with major economic data releases, including U.S. inflation, China's Q3 GDP at 4.7%, and flash PMI readings across key economies. Around 10% of S&P 500 firms report earnings, offering insight into corporate performance amid shifting conditions. The Federal Reserve hosts a conference on crypto, stablecoins, and AI in payments, highlighting regulatory interest in innovation. Key inflation reports from the U.S., U.K., and Japan add to the busy calendar.

The European Union will ban all Russian gas imports by the end of 2027, starting with new short-term contracts in June 2025. Hungary and Slovakia will receive temporary exemptions due to limited alternative access. A $750 billion energy agreement with the United States aims to accelerate liquefied natural gas diversification, according to EU officials.

Wall Street enters the second week of third-quarter earnings with over 80 S&P 500 companies set to report, including General Motors, Netflix, Tesla, Ford, and Intel. The delayed September Consumer Price Index report is scheduled for release Friday, following a U.S. government shutdown that paused federal data dissemination. Investors await the inflation data ahead of the Federal Reserve’s October 28–29 policy meeting. JPMorgan Chase and Goldman Sachs reported strong results last week, with approximately 84% of companies beating earnings estimates so far.

Brandon Laroque, a retiree from North Carolina, lost over $3 million worth of XRP on October 15 when funds were drained from his Ellipal mobile app. The incident occurred after he allegedly imported his seed phrase into the app, turning his cold wallet into a hot one, according to Ellipal's statement.