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Storylines

The through-lines tying the week's news together.

Updated Oct 26, 1:20 AM · 15-min refresh

Today's Through-Line

Crypto & Tech dominates today's headlines

Today's financial news is driven by crypto & tech stories. Brazil's Lula wins presidential election in runoff vote; Stock futures climb as traders try to recover from the S&P 500's losing week: Live updates.

Major Storylines
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Brazil's Lula wins presidential election in runoff vote

Brazil's Lula wins record fourth term in presidential runoff with markets falling and real set to weaken.

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Stock futures climb as traders try to recover from the S&P 500's losing week: Live updates

Traders looked ahead to a busy week with the Federal Reserve's policy decision due on Wednesday.

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SpaceX closes $40 billion debt deal for AI chips, Elon Musk says

Elon Musk said in an X post that SpaceX has closed $40 billion in debt financing to purchase GPUs.

More Events
📊 Markets & Economy
▼Brazil's Lula wins presidential election in runoff vote

Brazil's Lula wins record fourth term in presidential runoff with markets falling and real set to weaken.

—Behind ‘Mad Money’ was a brilliant writer viewers never saw. We lost him too soon

Jim Cramer remembers Cliff Mason, the head writer of "Mad Money," who died last week at age 41.

—‘Ticking time bomb’: The world's pension funds face an ageing crisis

The world's pension systems are confronting a demographic crisis as longer lifespans and dwindling birth rates threaten to stretch retirement finances.

—Serbia’s strongman leader Vucic concedes defeat to student-led movement in seismic political shift

It was a seismic political shift in the Balkan country where Vucic led with virtually absolute power for 14 years.

—Venezuela's opposition leader Machado returns after months in exile, as doubts over democracy deepen

Venezuela's opposition leader Edmundo Gonzalez wrote on X, confirming Machado's arrival and saying he would be next to her "very soon."

—What Democrats and Republicans fear most about each other: CNBC survey has the answers

The economy is still a key issue in the 2026 election, but voters are concerned about Trump testing the bounds of the office and Democratic Socialist polices.

—SpaceX coverage network designs draw Wall Street's eye. Here's what analysts think

Rooftops and billboards may be more important than hefty infrastructure.

🏛️ Policy & Government
▲Stock futures climb as traders try to recover from the S&P 500's losing week: Live updates

Traders looked ahead to a busy week with the Federal Reserve's policy decision due on Wednesday.

—Trump invokes 9/11 in urging Michigan voters to oppose Muslim Senate candidate El-Sayed

Michigan has one of the nation's most competitive U.S. Senate races heading into the Nov. 3 midterm elections.

—Blanche defends Trump-ordered lawsuit over Alaska Senate election certification

Democrats have maintained they have no connection to Daniel J. Sullivan.

—Audi defends plans for a $4 billion Georgia plant amid VW restructuring, tariffs

Audi's CEO defended the company's plans for a $4 billion plant in Georgia, calling it a business decision to grow sales and reduce exposure to U.S. tariffs.

🤖 Crypto & Tech
—SpaceX closes $40 billion debt deal for AI chips, Elon Musk says

Elon Musk said in an X post that SpaceX has closed $40 billion in debt financing to purchase GPUs.

▲Goldman Sachs slashes Kospi target to 9,000 but still sees over 60% upside

Goldman Sachs cut its Kospi target by 25% to 9,000 but maintained its bullish outlook on Korean equities.

—In pictures: Protests over inequality, rising living costs turn violent across France

Protests over inequality and living costs drew an estimated 410,000 people across France, with clashes in several cities for a second straight weekend.

▲More pain may be coming for the AI trade. Why I’m not giving up on it

In his Sunday column for Investing Club subscribers, Jim Cramer explains why the AI trade has cracked and what he's doing about it.

—Ukraine disputes Elon Musk’s claim that its military violated Starlink terms during drone operations

Ukraine challenged Musk’s claim that its military violated Starlink terms, arguing that commercial Starlink limits prevented medium- and long-range strike use.

▲I paid off $11,000 of credit card debt in 18 months while still traveling, shopping and living my life

I racked up over $11,000 in credit card debt traveling, shopping and dining out. Here's how I paid it all off in under two years.

▲Saudi Arabia says it intercepted missiles and drones from Iran-backed Houthis

Saudi Arabia says it intercepted Houthi missiles and drones, while the Houthis claimed attacks on airports and energy sites amid rising regional supply risks.

🌍 Geopolitics
▲JetBlue creditors are working with restructuring adviser PJT Partners, WSJ reports

A surge in jet fuel expenses due to the Iran war has pressured margins for U.S. airlines despite higher airfares and steady demand for air travel.

▲Lula, Bolsonaro rally supporters on final day before Brazil presidential runoff

The two candidates have remained neck and neck in polls following a stronger-than-expected performance by the right-wing senator in the first round.

—Trump is pushing a massive AI buildout. His own voters are wary of what comes with it

A new CNBC survey finds broad voter opposition to nearby AI data centers, creating a political challenge for Trump and Republicans ahead of the midterm election.

🏢 Corporate & Business
▲Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO

Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.

—Earnings playbook: Alphabet, Microsoft, Amazon and more report this week. Here's what to expect

The megacaps are some of the 160 S&P 500 companies expected to report at a critical time for tech and the market.

—Nvidia's role as AI financier faces first big test as neoclouds take market hit

As Nvidia has gone from chipmaker to industry financier, some investors see the company taking on outsized risk tied to the AI buildout.

📚 History Rhymes

Crypto & Tech — the last time something similar happened was See historical archives. Market reactions to similar themes have historically played out over weeks to months as new data and policy responses emerge.