Stories from Thursday, October 22, 2026

• Nokia's AI and cloud sales more than doubled, and its networking unit grew 17%

  Nokia said its Network Infrastructure sales rose 17% in the third quarter, helped by AI and cloud demand, and Reuters reported that comparable operating profit topped the average estimate.

  Equities · Oct 22, 2026, 6:40 PM EDT · Marcus Rodriguez

• Alibaba slides as China's market regulator leans on online platforms over product quality

  China's market regulator pressed Taobao's parent and its rivals to act as product-quality "gatekeepers." It outlined no immediate measures, but Alibaba's Hong Kong shares had their steepest intraday drop in two months, Investing.com reported.

  Equities · Oct 22, 2026, 6:00 PM EDT · Marcus Rodriguez

• Legal AI startup Legora raises $550 million at an $8.8 billion valuation

  The Swedish company says annual recurring revenue now tops $200 million. Its biggest rival, Harvey, raised the same amount at a much higher valuation just weeks ago.

  Startups · Oct 22, 2026, 5:20 PM EDT · Robert Harrison

• OCC finalizes stablecoin rules under the GENIUS Act, effective Jan. 18, 2027

  The bank regulator's final rule sets requirements for stablecoin issuers and custody. Existing US issuers that file a substantially complete application by Jan. 18, 2027, can generally expect waivers from the prior-approval requirement, but the application window isn't open yet.

  Crypto · Oct 22, 2026, 4:40 PM EDT · Jennifer Walsh

• The NFL's investment arm teams up with General Atlantic to back sports companies

  32 Equity, the NFL's investing vehicle with roughly $250 million in contributed capital, and General Atlantic, a $130 billion growth investor, will put in money and raise outside capital. The partnership's size wasn't disclosed.

  Startups · Oct 22, 2026, 4:00 PM EDT · Robert Harrison

• China's blue-chip stocks hit the edge of a bear market as stimulus hopes fade

  The CSI 300 fell as much as 1.6% Thursday, leaving it around 20% below its June high, as a soft earnings season, a consumer slump and AI jitters meet fading hopes for big stimulus from Beijing.

  Macro · Oct 22, 2026, 3:20 PM EDT · James Mitchell

• Meta will hand every shareholder a new non-voting share to help pay for AI

  Meta's board approved a publicly listed, non-voting Class C stock, effective January 2027, and will pay one Class C share for every Class A and Class B share. The company says it needs the flexibility for capital raising, employee pay and deals as AI spending climbs.

  Equities · Oct 22, 2026, 2:40 PM EDT · Marcus Rodriguez

• Tesla's cash flow blows past forecasts as IBM and TI beat

  Tesla's revenue was flat, but free cash flow beat estimates by billions. IBM, Texas Instruments, AT&T and Elevance beat, Philip Morris trimmed expectations, and Moody's missed.

  Equities · Oct 22, 2026, 11:20 AM EDT · Marcus Rodriguez

• Pending home sales drop 7.3% in September, and builders are pulling back too

  Contracts to buy existing homes fell 7.3% in September, NAR said. Housing starts came in below forecast, builder sentiment sank to its lowest since 2012, and both trade groups point to mortgage rates.

  Macro · Oct 22, 2026, 6:00 AM EDT · James Mitchell

• SpaceX's AI Business Just Overtook Starlink

  Third-quarter revenue rose 161% to $14.6 billion, led by an AI segment whose sales grew 830%. SpaceX expects $33 billion to $37 billion in revenue in the first quarter of 2027, and up to $40 billion of capital spending in the fourth quarter.

  Equities · Oct 22, 2026, 1:20 AM EDT · Marcus Rodriguez

• Salesforce's Braze Deal: $5.66 Billion, All Cash, and a $300 Million Breakup Fee

  The CRM giant is buying the customer-engagement platform for about $5.66 billion in enterprise value. The deal needs Braze shareholder and regulatory approval and isn't expected to close until Salesforce's fiscal 2028.

  Equities · Oct 22, 2026, 12:40 AM EDT · Marcus Rodriguez