Headlines · 2026-10-28

Anthropic has filed publicly with the SEC for an IPO, a major milestone ahead of the first-ever listing of a frontier AI model company. The filing lets the public analyze the company's financials for the first time, showing both how much money it is making and what it is potentially losing. Bloomberg described the deal as potentially a record IPO.

Much of Asia may find it nearly impossible to get a piece of the blockbuster offering, according to Bloomberg, sending some investors into proxy bets. CNBC reported that investors are split on the deal, with some calling it "speculative fiction" and others a "generational moment."

Bloomberg reported that after a punishing week for the AI trade, Wall Street took a close look at Anthropic's books and generally liked what it saw, calming nerves around the listing. The filing also warns that the company's product could be catastrophic for humanity, raising questions about how its handpicked trustees balance rapid AI growth against catastrophe concerns.

Investopedia noted that Anthropic is asking investors not to treat its stock as "purely transactional" and examined how the company behind Claude makes money. Separately, a $63 billion debt financing deal for Anthropic to buy Broadcom AI chips lifted the chipmaker's shares on Tuesday.

Brent crude rose 1.62% to $115.70 a barrel and WTI gained 1.34% to $101.20 in early Asian trade on Oct. 28, after a nearly $2 drop the previous day on hopes for peace talks. Renewed Houthi attacks on a Saudi Arabian refinery revived supply fears.

The rally built through late October. Brent traded at $114.73 a barrel on Oct. 23, up 0.9% after a 4% jump the prior session, while WTI stood at $100.75. Deadly attacks in Saudi Arabia fuelled concern that a full-scale regional conflict could further choke off global energy supplies. Shipping crude from the Middle East Gulf to Asia on a large tanker had climbed above $37 a barrel by mid-October, more than five times its pre-war level.

ING said traders are bracing for renewed U.S.-Iran hostilities after the Nov. 3 midterm elections, and that the market's risk premium could start to erode if the vote passes without new strikes. Qatar and Pakistan are attempting mediation, capping Brent near $115 for now.

On Wall Street, the S&P 500 fell 0.5% on Oct. 23 for a second straight weekly loss, the Dow dropped 1.2% and the Nasdaq slipped 0.2%, with rising oil prices weighing on nearly three of every four S&P constituents. Mohamed El-Erian warned oil could surge to $150 a barrel if the Iran conflict widens and disrupts tanker traffic through the Strait of Hormuz and the Red Sea.

Boeing reported third-quarter 2026 results before the bell on Oct. 27: revenue of $24.19 billion beat the $23.84 billion estimate, while adjusted core EPS came in at a loss of $0.34 versus an expected loss of $0.21. Free cash flow was $464 million. The commercial airplanes unit posted an operating loss of $697 million and a -6.5% operating margin, against 6.2% in defense and 18.3% in global services.

The company also cut its 2026 aircraft delivery outlook, saying it now expects to fall short of its target of roughly 500 737 deliveries this year. Boeing attributed the slower ramp to the 737 MAX and 787 Dreamliner programs taking longer than expected, partly due to engine supply issues. Commercial airplanes revenue fell 3% year over year to $10.7 billion, while defense, space and security revenue rose 15% to $7.9 billion.

Boeing shares fell about 10% to $169, an 18-month low, wiping roughly $15 billion of market value in a single session — the stock's biggest daily drop since April 2025. The wider jet-unit loss outweighed positive free cash flow and a record backlog.

Boeing said the 737-7 achieved amended type certification from the FAA in the quarter and the 737-10 received certification in October. The company did not provide a detailed timeline for recovering the delivery shortfall in the materials reviewed.