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Getty Images Avoids Default, Faces NYSE Delisting October 3
Getty Images avoids default with last-minute $51.6M bond payment but faces NYSE delisting. Stock down 99% since 2022 SPAC debut as AI competition pressures stock imagery business.
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.
Galeria Files for Fourth Bankruptcy in Six Years on October 2
Galeria files for insolvency for the fourth time in six years on October 2. The German department store chain has 83 stores and 12,000 employees facing job losses.
Zcash Slides 3.6% to $1,287 as ETF Outflows Weigh on Sentiment
Zcash fell 3.6% to $1,287.07 on October 2 amid $30.25M in Grayscale ETF outflows and lingering concerns from the Bitget hack.
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.
Volkswagen Terminates 10 Collective Agreements as Union Prepares October 2 Showdown
Volkswagen terminates 10 collective bargaining agreements for 127,000 German employees effective December 31, 2026. IG Metall and works council vow resistance; strikes possible from January 1, 2027.