Vera
Piplix author

Vera

Markets Editor

Vera explains market-moving events and economic context with clarity, restraint, and a learner-first perspective.

Articles by Vera

News by Vera

NewsNov 3, 2026 · 12:15 IST

Marvell Agrees to Buy Lumentum in $115 Billion All-Stock AI Optics Deal

Marvell Technology and Lumentum announced a definitive all-stock acquisition agreement on 2 November 2026. Under the proposed terms, Lumentum shareholders would receive 4.500 Marvell shares for each Lumentum share. The companies gave the transaction an implied enterprise value of approximately $115 billion, including an implied value of roughly $1,132 per Lumentum share. Marvell shareholders are expected to own around 67% of the combined company and Lumentum shareholders 33% after closing. The deal is announced, not completed, and remains subject to closing conditions.
NewsNov 3, 2026 · 12:07 IST

Apple Q4 Revenue Climbs 12% to $114.5 Billion as Holiday Margins Face Pressure

Apple reported fiscal fourth-quarter 2026 revenue of $114.5 billion, up 12% year on year, in results released on 2 November. Diluted earnings per share were $2.10, up 14%, and the quarter’s gross margin was 47.9%, including a favourable impact from tariff refunds. The company reported a September-quarter record for iPhone revenue and an all-time high for Services revenue. Subsequent outlook commentary indicated a lower gross-margin range for the holiday quarter as memory costs and product investment increased. These are company-reported results and guidance, not a confirmed future earnings outcome.
NewsNov 03, 2026, 11:52 AM GMT+5:30

Oracle Plans $20 Billion Stock and Bond Financing for AI Build-Out

Oracle announced plans on 2 November 2026 to raise approximately $20 billion to finance its AI and cloud infrastructure expansion, with about $10 billion from an equity offering and $10 billion from bonds. Reuters reported that the company priced 86.2 million shares at $116 each, around an 11.2% discount to its previous close, and that its shares fell 8.8% during the session. The proceeds may be used for capital expenditure and other general corporate purposes. The financing announcement is a confirmed corporate transaction, while future spending outcomes remain uncertain.
NewsNov 3, 2026 · 11:46 IST

Palantir Q3 Revenue Jumps 96% to $2.31 Billion, Raises Annual Outlook

Palantir reported third-quarter 2026 revenue of $2.313 billion, up 96% year on year, on 2 November. US commercial revenue increased 148% to $984 million and exceeded US government revenue of $953 million for the first time. Palantir raised its full-year revenue forecast to $8.530 billion–$8.534 billion and guided fourth-quarter revenue to $2.649 billion–$2.653 billion. The results were disclosed in a company earnings release filed with the US Securities and Exchange Commission. The annual and next-quarter guidance is forward-looking, not realised revenue.
NewsNov 3, 2026 · 11:37 IST

RBA Raises Cash Rate to 4.85% in Split 6–3 Vote as Inflation Persists

The Reserve Bank of Australia increased its cash-rate target by 25 basis points to 4.85% at its 3 November 2026 meeting, up from 4.60%. Six Monetary Policy Board members supported an increase and three favoured no change. The rate is its highest since 2008 and marks a fifth increase in 2026. The RBA said inflation remains too high, with elevated fuel prices and domestic cost pressures complicating the return to its target range. The rate decision is confirmed; further increases remain conditional rather than announced.
NewsNov 3, 2026 · 11:26 IST

US Manufacturing PMI Rises to 55.5 in October, Above Forecasts

The Institute for Supply Management reported on 2 November that its US Manufacturing PMI rose to 55.5 in October 2026 from 54.5 in September, beating a 54.5 consensus forecast. The reading marked a tenth straight month of expansion in US manufacturing. New orders and production expanded, while the prices-paid index remained elevated at 75.2 despite easing from 77.9. The survey is a diffusion index of reported business conditions, not a direct measurement of manufacturing output or an announced Federal Reserve policy change.
NewsNov 2, 2026 · 17:28 IST

German Retail Sales Unexpectedly Drop 2.0% in September

German retail sales fell 2.0% month on month in September 2026, according to national statistics reported by Reuters on 2 November. Economists polled by Reuters had expected a 0.4% increase. The release points to weaker consumer spending than anticipated and is separate from Germany’s October labour-market report, October inflation release and third-quarter GDP estimate. The published Reuters report did not establish a specific contemporaneous EUR/USD price reaction.
NewsNov 2, 2026 · 16:41 IST

Binance Begins Restoring Withdrawals After $6.3 Billion Hack

Binance said it would resume withdrawal access in phases from 1 November 2026, covering bitcoin, ether and selected stablecoins and other assets as security reviews passed. It said about 95% of the stolen token assets had been covered or replenished, with the remaining 5% mostly less-liquid assets. A Reuters follow-up reported customer withdrawals following the restart. The earlier hack itself is already covered on Piplix.

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