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Hi there, this is your daily ☕️ Finpresso.
In today's newsletter: 🛒 DoorDash to buy Instacart for $17B 💸 Hackers steal record $6.3B from Binance 💻 Intel drops 16% on weak PC forecast 🏠 Thrive to buy security firm ADT for $7.6B ☁️ Earnings report reveals Amazon cloud surge, profit miss Plus: 🌍 8 macro stories, 🏢 9 corporate stories, and 📑 6 research & reports.
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📊 Before The Bell
 | Change over the last 24 hours · as of Oct 30, 2026, 7:08 AM ET |
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𝘐𝘯 𝘮𝘢𝘬𝘪𝘯𝘨 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯, 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘮𝘶𝘴𝘵 𝘳𝘦𝘭𝘺 𝘰𝘯 𝘵𝘩𝘦𝘪𝘳 𝘰𝘸𝘯 𝘦𝘹𝘢𝘮𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦 𝘪𝘴𝘴𝘶𝘦𝘳 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘵𝘦𝘳𝘮𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘰𝘧𝘧𝘦𝘳𝘪𝘯𝘨, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘮𝘦𝘳𝘪𝘵𝘴 𝘢𝘯𝘥 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥. 𝘋𝘐𝘛 𝘈𝘨𝘛𝘦𝘤𝘩 𝘩𝘢𝘴 𝘧𝘪𝘭𝘦𝘥 𝘢 𝘍𝘰𝘳𝘮 𝘊 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘊𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘪𝘯 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩 𝘪𝘵𝘴 𝘰𝘧𝘧𝘦𝘳𝘪𝘯𝘨, 𝘢 𝘤𝘰𝘱𝘺 𝘰𝘧 𝘸𝘩𝘪𝘤𝘩 𝘮𝘢𝘺 𝘣𝘦 𝘰𝘣𝘵𝘢𝘪𝘯𝘦𝘥 𝘩𝘦𝘳𝘦: https://bit.ly/4bzuWCi
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🛒 DoorDash to buy Instacart for $17B
LINK
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- DoorDash has agreed to buy Instacart in a cash-and-stock deal that values the grocery-delivery company at about $17 billion, announced yesterday as it pushes to compete with Amazon and Walmart in online grocery.
- The offer of $65 a share is a 26% premium to Instacart's closing price last Thursday, with at least three-quarters paid in cash; Instacart's board unanimously approved it.
- The deal gives Instacart customers access to more than 50,000 additional stores and would merge the DashPass and Instacart+ memberships into one fee; DoorDash shares rose 9% in premarket trading in New York.
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💸 Hackers steal record $6.3B from Binance
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- Hackers stole $6.3 billion from Binance, the world's largest crypto exchange, in what analysts call the biggest cryptocurrency theft on record, with two US tracing firms saying they are highly confident North Korea was responsible.
- Most of the funds drained in about 20 minutes starting late Thursday after attackers got Binance's wallets to empty into their own, possibly via a hacked engineer's laptop; the exchange has located roughly $3 billion but hasn't accounted for the other $3.3 billion.
- Bitcoin fell to a six-week low of $76,368 and Binance's BNB token slid 5%, while Coinbase dropped 4.8% despite saying it was unaffected; co-CEO Richard Teng said company funds will cover every loss beyond Binance's $1 billion reserve.
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💻 Intel drops 16% on weak PC forecast
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- Intel shares fell about 16% in extended trading on Thursday after the company forecast weaker-than-expected fourth-quarter results, blaming a continued slump in the global PC market.
- For the current quarter, Intel guided to revenue of $15 billion to $16 billion, below analysts' expectations, with finance chief David Zinsner warning the PC slowdown will last at least through the first half of next year.
- The outlook also absorbs a roughly $600 million revenue hit over two quarters from an explosion at an Israeli fab that killed two workers; even so, the stock remains up about 150% this year despite its October decline on AI-spending concerns.
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🏠 Thrive to buy security firm ADT for $7.6B
LINK
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- Thrive Holdings, the private-equity arm of Josh Kushner's Thrive Capital, is buying physical-security firm ADT for $10 a share, with the deal valued at about $7.6 billion in equity.
- Thrive counts OpenAI as both partner and investor, with OpenAI supplying AI models and engineers to Thrive's portfolio of more than 75 companies, which it aims to hold long-term and revamp with AI; ADT is slated to anchor its smart-home security business.
- Neither firm detailed the AI security products planned, but the move lands as rivals crowd the field: Apple just launched smart-home and security gear with LG and Schneider Electric, and Amazon has refreshed its line with new AI-powered cameras.
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☁️ Earnings report reveals Amazon cloud surge, profit miss
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- Amazon shares fell roughly 6.5% after hours yesterday as a strong showing from its AWS cloud unit was overshadowed by weaker retail and advertising sales, with revenue and earnings both coming in just below analyst estimates.
- AWS revenue grew 39.3% from a year earlier to $45.98 billion, its fastest pace in nearly five years, but investors wanted more after rivals Microsoft and Alphabet posted strong cloud numbers on Wednesday night, and Amazon's core online stores and high-margin ad business fell short.
- With capital spending of about $77 billion in the quarter and free cash flow now at negative $42.4 billion over the past year, the market has turned skeptical about returns on heavy AI infrastructure outlays, and holiday-quarter sales and profit guidance also came in slightly below what the Street expected.
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🌍 Macro News
- Euro-area growth reached 0.4%, beating forecasts despite slowing from the previous quarter. LINK
- Bank of Japan held rates at 1.25%, saying inflation aligned with its target. LINK
- ECB sources expect one December rate hike before tightening pauses. LINK
- Tanker attacks and Houthi strikes raise fears of renewed regional conflict. LINK
- Europe will release 42 million emergency oil barrels, half diesel, before winter. LINK
- Gold fell as US inflation boosted bets on another Fed rate hike. LINK
- US PCE inflation accelerated to its highest annual rate since May. LINK
- US summer growth exceeded forecasts, though analysts doubt it will reassure voters. LINK
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🏢 Corporate News
- HTX agreed to stop illegally marketing crypto services to UK consumers. LINK
- Galaxy Digital sought a US trust bank charter to expand regulated custody. LINK
- HYPE jumped 15% after an ICE-backed partnership planned regulated US perpetual futures. LINK
- Coinbase's subscriptions and services reached 49% of third-quarter net revenue. LINK
- Cohere began raising up to $5 billion for frontier AI development. LINK
- Nvidia rejected surveillance reports and said chip-diversion allegations were debunked. LINK
- SanDisk data-center revenue surged 61%, and the company announced an eight-for-one split. LINK
- GM will pay $220 million to settle claims over undisclosed driver-data sales. LINK
- Kalshi raised $1 billion at a $40 billion valuation to expand products. LINK
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📈 Stocks
| ▲ Biggest winners | | Huntington Ingalls Industries rose 13% after Q3 EPS of $5.48 beat $4.36 estimates. LINK | | Glaukos rose 34% after raising 2026 revenue guidance to $775 million-$785 million and introducing preliminary 2027 guidance of $1 billion. LINK | | Carvana rose 16% after record Q3 revenue of $8.04 billion. LINK |
| ▼ Biggest losers | | Alphabet fell 13% after search revenue growth slowed to about 12% and AI Mode searches hurt ad monetization. LINK |
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📑 Research & Reports
- 10 stocks set to soar in 2026: lists the names MarketBeat expects to outperform, with the thesis for each, in a free report. Get the free list
- AI robots may need 10 million hours of interaction data for deployment. LINK
- Central banks should anchor payments, leaving private tokens to drive innovation. LINK
- ECB forecasters raised 2026-27 inflation forecasts as long-term expectations remained anchored. LINK
- Public companies' blockchain revenue share more than doubled to 16% since 2022. LINK
- Underwater Bitcoin holders may sell near breakeven, potentially capping price rallies. LINK
- Institutional Bitcoin demand may shift toward lending and financing over passive holding. LINK
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📅 Market Calendar
 | Earnings · Economic events |
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