News
Tech's relief rally extends as Fed decisions loom
Anthropic's upcoming Nasdaq IPO lifts AI stocks, supporting a second day of tech gains while investors await the Fed's two‑day meeting with expectations of a hawkish hold and a December rate hike. HSBC reports a steep Q3 profit rise but misses expectations, sending its shares lower, while Novartis raises its profit outlook despite generic competition. Coca‑Cola hikes its full‑year earnings forecast, boosting its stock, and Boeing narrows its Q3 loss on stronger defense sales. Microsoft announces voluntary buyouts for up to 60,000 employees across several countries as it seeks cost efficiency amid AI spending.