News
Bank of America's $1.2B penalty
The newsletter outlines five market items for Wednesday, Oct 14, 2026. 1) CPI data due, expected +0.6% MoM, +3.6% YoY, with rising energy costs. 2) Bank of America shares down >4% after a $1.2 billion Treasury penalty for AML and sanctions violations, cutting earnings by 17¢ per share; Morgan Stanley beats estimates. 3) Anthropic to disclose Q3 results at a San Francisco meeting ahead of a potential IPO; OpenAI employee arrested over a recording device. 4) Latino voters in South Texas may influence the upcoming midterms after flipping in 2024. 5) Apple launches HomeView hub at $299, alongside new Apple TV and HomePod, showcasing Siri upgrades. Additional notes on airport attacks in Saudi Arabia and a daily dividend segment.