🛑 All capital dies; the accounts merely argue about the date. The argument is called depreciation, and in most years nobody attends it. unstableequilibria.substack.…

🛑 Meta plans $95bn stock offering to bankroll AI expansion

🛑 Market sources said NVIDIA, AMD and Broadcom are considering buying up to $5 bln of Meta Platforms stock.

🛑 Meta Platforms expects 2026 capital expenditure of $135–$145 billion; raised the range's lower bound by $5 billion.

🛑 Meta Platforms launched a $22.5 billion offering of Class A common stock and a 250 million-share offering of depositary shares representing preferred stock.

🛑 Meta Platforms plans to launch a $60 billion at-the-market offering program for Class C common stock in Q1 2027.

🛑 Netherlands to cut 25,000 civil-service posts via AI reforms; aims for €3.5 bln annual savings by 2035 🛑 The Dutch central government plans AI-driven efficiency reforms to cut roughly 25,000 civil-service posts and achieve annual savings of €3.5 bln (~$3.9 bln), the government said on Monday. It targets €900 mln a year by 2027 and €3.5 bln by 2035; the cabinet will present the proposal early next year to use AI to boost productivity. The government’s budget deficit stands at 1.8%, low relative to EU peers, but that level and its long-term trajectory have prompted concern in fiscally conservative Netherlands.

🛑 Meta Platforms filed for a mixed securities shelf registration; size undisclosed.

🛑 IEA's Birol does not expect energy markets to return to pre-war levels in 2027

🛑🇨🇳 Onshore yuan closed at 6.6681 per U.S. dollar at 16:30 on Oct. 26, strengthening 30 pips versus the previous session.

🛑 Brazilian dollar-denominated bonds fell, leading losses across emerging markets, after Lula's surprise election victory.

🛑 After Lula won Brazil's election, JP Morgan downgraded the Brazilian real and domestic government bonds from overweight to neutral, and cut Brazil's international sovereign bonds from neutral to underweight.

🛑🇩🇪🇨🇵 Le spread

🛑 Singapore to store Saudi oil in underground caverns - ft

🛑 Can US perpetual futures solve their identity crisis? 🛑 When lawyers at the Commodity Futures Trading Commission set out their views on the legal nature of perpetual contracts in a March 2024 enforcement action, they left little room for ambiguity: “Perpetual futures are ‘swaps’ under the [Commodity Exchange] Act,” the agency’s attorneys wrote. risk.net/regulation/7964289/…

🛑🇪🇺 TTF €97.05 / MWh

🛑 TTF opens at €94.995 / MWh

Non

Faux

🛑 Lula trying to steal the election

🛑 Brazil's Supreme Court extends voting for two hours over transport obstacles