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Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
Tesla Model 3 RWD Hits $45,900 in Australia, Undercuts BYD by $7,090
Tesla’s new Model 3 RWD costs $45,900 AUD, $9,000 less than the Premium variant, and becomes Australia’s cheapest electric sedan. Deliveries start mid-to-late October 2026.
US Deploys Third Aircraft Carrier to Middle East as Oil Surges October 2
US deploys third aircraft carrier to Middle East with 9,000 troops by November. Brent crude jumps 4.4% to $102.31 as Trump hints at post-election Iran strikes.
Singapore T-Bill Auction Oct 8: Yields Hit 1.92% as US Rates Surge
Singapore T-bill auction October 8 sees 6-month yields at 1.92%, up from 1.70% two weeks prior, as US Federal Reserve rate hike pushes global bond yields higher.
Channel 4 CEO Rules Out BBC Merger, Opens Door to iPlayer Content Sharing
Channel 4 CEO Priya Dogra says she won’t merge with the BBC but is open to sharing content on iPlayer. The broadcaster is cutting 340 jobs and shifting spending toward programming.
T.J. Maxx Closes 3 Stores in 2026 While Adding 15 Nationwide
T.J. Maxx closed stores in Boston and Maryland in 2026, but TJX added 15 net locations this year. The closures are targeted lease expirations, not a nationwide shutdown.
DFI Retail Grabs Full Starbucks Control in Asia for US$340M on October 1
DFI Retail takes full control of 1,100+ Starbucks stores across Asia for US$340M cash, exiting Maxim’s joint venture. Stock jumps 6.6% as company targets billion-dollar business in three years.
Jack Bowes Requests Trade to Essendon After Nine Games at Geelong
Geelong midfielder Jack Bowes requests trade to Essendon after limited playing time. The 28-year-old has played nine games in 2026 and is out of contract at season’s end.
Micron Surges on Record Q4 Earnings, Guides Q1 Revenue to $61.5B
Micron beat Q4 earnings with $33.42 EPS vs. $31.61 expected and $54.23B revenue vs. $51.07B forecast. Q1 guidance of $61.5B revenue far exceeds analyst estimates of $57B.